2023
Exports
$5.9MWorld Rnk 106 / 214
Flag Rnk 31 / 778
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$168MWorld Rnk 119 / 226
Flag Rnk 5 / 1125
2023
ECONOMIC COMPLEXITY of Jamaica
-0.14Rnk 70 / 132

About

Exports In 2023, Jamaica exported $5.9M in Packaged Medicaments, making it the 106th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 31st most exported product in Jamaica. The main destination of Packaged Medicaments exports from Jamaica are: Trinidad and Tobago ($2.12M), Guyana ($1.06M), Bahamas ($646k), Barbados ($496k), and Saint Lucia ($307k).

The fastest growing export markets for Packaged Medicaments of Jamaica between 2022 and 2023 were Trinidad and Tobago ($1.45M), Guyana ($338k), and Saint Lucia ($161k).

Imports In 2023, Jamaica imported $168M in Packaged Medicaments, becoming the 119th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Jamaica. Jamaica imports Packaged Medicaments primarily from: India ($32M), Panama ($23.9M), United States ($20.6M), Germany ($15.3M), and Canada ($13.9M).

The fastest growing import markets in Packaged Medicaments for Jamaica between 2022 and 2023 were Germany ($10.6M), Hungary ($3.53M), and Panama ($2.56M).

Latest Trends

Dec 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 Packaged Medicaments. 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 (2023)$5.9M
IMPORTS (2023)$168M
NET TRADE (2023)-$162M

In 2023, Jamaica exported $5.9M in Packaged Medicaments. The main destinations of Jamaica exports on Packaged Medicaments were Trinidad and Tobago ($2.12M), Guyana ($1.06M), Bahamas ($646k), Barbados ($496k), and Saint Lucia ($307k).

In 2023, Jamaica imported $168M in Packaged Medicaments, mainly from India ($32M), Panama ($23.9M), United States ($20.6M), Germany ($15.3M), and Canada ($13.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Jamaica WERE (2022 - 2023):
Trinidad and Tobago$1.45M (216%)
Guyana$338k (46.8%)
Saint Lucia$161k (110%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Jamaica WERE (2022 - 2023):
Cayman Islands-$77.5k (-25.5%)
Finland-$76.7k (-100%)
United States-$60.8k (-57.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Jamaica's main exporting competitors in Packaged Medicaments were:
In 2023, Jamaica's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $487k
TOP IMPORT POTENTIALUnited States+ $11.9M

Packaged Medicaments’s highest export potential is United States. With an export gap of $487k.   Packaged Medicaments’s highest import potential is United States with an import gap of $11.9M.

See methodology.

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