2022
Exports
$326kWorld Rnk 119 / 188
Flag Rnk 58 / 95
2022
PRODUCT COMPLEXITY IN Natural gums, resins & other vegetable extracts
-0.98Rnk 834 / 1025
2022
Imports
$1.09MWorld Rnk 128 / 212
Flag Rnk 81 / 96
2022
ECONOMIC COMPLEXITY of Jamaica
-0.17Rnk 72 / 133

About

Exports In 2022, Jamaica exported $326k in Natural gums, resins & other vegetable extracts, making it the 119th largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 58th most exported product in Jamaica. The main destination of Natural gums, resins & other vegetable extracts exports from Jamaica are: Australia ($192k), Canada ($43.8k), United Kingdom ($43.2k), United States ($41.1k), and Antigua and Barbuda ($2.17k).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of Jamaica between 2021 and 2022 were Australia ($125k), United Kingdom ($15.8k), and Antigua and Barbuda ($2.17k).

Imports In 2022, Jamaica imported $1.09M in Natural gums, resins & other vegetable extracts, becoming the 128th largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 81st most imported product in Jamaica. Jamaica imports Natural gums, resins & other vegetable extracts primarily from: United States ($472k), India ($176k), France ($107k), Germany ($88.3k), and Mexico ($56k).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for Jamaica between 2021 and 2022 were France ($107k), Germany ($70.6k), and India ($65.4k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Natural gums, resins & other vegetable extracts. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$326k
IMPORTS (2022)$1.09M
NET TRADE (2022)-$761k

In 2022, Jamaica exported $326k in Natural gums, resins & other vegetable extracts. The main destinations of Jamaica exports on Natural gums, resins & other vegetable extracts were Australia ($192k), Canada ($43.8k), United Kingdom ($43.2k), United States ($41.1k), and Antigua and Barbuda ($2.17k).

In 2022, Jamaica imported $1.09M in Natural gums, resins & other vegetable extracts, mainly from United States ($472k), India ($176k), France ($107k), Germany ($88.3k), and Mexico ($56k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural gums, resins & other vegetable extracts EXPORT MARKETS FOR Jamaica WERE (2021 - 2022):
Australia$125k (187%)
United Kingdom$15.8k (57.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural gums, resins & other vegetable extracts BY Jamaica WERE (2021 - 2022):
United States-$56.7k (-58%)
Bermuda-$2.98k (-100%)
Canada-$2.76k (-5.92%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Jamaica's main exporting competitors in Natural gums, resins & other vegetable extracts were:
China $2.24B
India $1.18B
Spain $920M
In 2022, Jamaica's main importing competitors in Natural gums, resins & other vegetable extracts were:

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Trade Value of Natural gums, resins & other vegetable extracts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $219k
TOP IMPORT POTENTIALIndia+ $141k

Natural gums, resins & other vegetable extracts’s highest export potential is United States. With an export gap of $219k.   Natural gums, resins & other vegetable extracts’s highest import potential is India with an import gap of $141k.

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