2022
Exports
$5.96MWorld Rnk 117 / 223
Flag Rnk 24 / 95
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$174MWorld Rnk 127 / 226
Flag Rnk 10 / 96
2022
ECONOMIC COMPLEXITY of Jamaica
-0.17Rnk 72 / 133

About

Exports In 2022, Jamaica exported $5.96M in Pharmaceutical products, making it the 117th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 24th most exported product in Jamaica. The main destination of Pharmaceutical products exports from Jamaica are: Trinidad and Tobago ($2.58M), Bahamas ($736k), Guyana ($722k), Cayman Islands ($594k), and Antigua and Barbuda ($266k).

The fastest growing export markets for Pharmaceutical products of Jamaica between 2021 and 2022 were Bahamas ($350k), Guyana ($286k), and Trinidad and Tobago ($104k).

Imports In 2022, Jamaica imported $174M in Pharmaceutical products, becoming the 127th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 10th most imported product in Jamaica. Jamaica imports Pharmaceutical products primarily from: India ($33.1M), United States ($30.8M), Panama ($23.6M), Canada ($17.2M), and Germany ($12M).

The fastest growing import markets in Pharmaceutical products for Jamaica between 2021 and 2022 were France ($7.81M), India ($6.67M), and United States ($6.62M).

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 Pharmaceutical products. 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)$5.96M
IMPORTS (2022)$174M
NET TRADE (2022)-$168M

In 2022, Jamaica exported $5.96M in Pharmaceutical products. The main destinations of Jamaica exports on Pharmaceutical products were Trinidad and Tobago ($2.58M), Bahamas ($736k), Guyana ($722k), Cayman Islands ($594k), and Antigua and Barbuda ($266k).

In 2022, Jamaica imported $174M in Pharmaceutical products, mainly from India ($33.1M), United States ($30.8M), Panama ($23.6M), Canada ($17.2M), and Germany ($12M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Jamaica WERE (2021 - 2022):
Bahamas$350k (91%)
Guyana$286k (65.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Jamaica WERE (2021 - 2022):
Cayman Islands-$623k (-51.2%)
United States-$173k (-65.3%)
Barbados-$34.8k (-11.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Jamaica's main exporting competitors in Pharmaceutical products were:
In 2022, Jamaica's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $830k
TOP IMPORT POTENTIALUnited States+ $15.6M

Pharmaceutical products’s highest export potential is United States. With an export gap of $830k.   Pharmaceutical products’s highest import potential is United States with an import gap of $15.6M.

See methodology.

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