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2022
Exports $734MWorld Rnk 72 / 214
Flag Rnk 1 / 794
2022
Destination $267M United States
2021 - 2022
FASTEST GROWING MARKET $267MUnited States
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $973MWorld Rnk 113 / 225
Flag Rnk 1 / 1118
2022
Origin $501M United States
2021 - 2022
FASTEST GROWING ORIGIN $501MUnited States
2022
ECONOMIC COMPLEXITY of Jamaica-0.17Rnk 72 / 133

About

Exports In 2022, Jamaica exported $734M in Refined Petroleum, making it the 72nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in Jamaica. The main destination of Refined Petroleum exports from Jamaica are: United States ($556M), Argentina ($26.9M), Haiti ($21.5M), Antigua and Barbuda ($16.4M), and Guyana ($15.1M).

The fastest growing export markets for Refined Petroleum of Jamaica between 2021 and 2022 were United States ($267M), Argentina ($26.9M), and Antigua and Barbuda ($16.3M).

Imports In 2022, Jamaica imported $973M in Refined Petroleum, becoming the 113th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Jamaica. Jamaica imports Refined Petroleum primarily from: United States ($917M), Bahamas ($19.6M), Russia ($12.2M), Panama ($7.79M), and El Salvador ($3.71M).

The fastest growing import markets in Refined Petroleum for Jamaica between 2021 and 2022 were United States ($501M), Russia ($11.9M), and Panama ($7.79M).

Latest Trends

Oct 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 Refined Petroleum. 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)$734M
IMPORTS (2022)$973M
NET TRADE (2022)-$239M

In 2022, Jamaica exported $734M in Refined Petroleum. The main destinations of Jamaica exports on Refined Petroleum were United States ($556M), Argentina ($26.9M), Haiti ($21.5M), Antigua and Barbuda ($16.4M), and Guyana ($15.1M).

In 2022, Jamaica imported $973M in Refined Petroleum, mainly from United States ($917M), Bahamas ($19.6M), Russia ($12.2M), Panama ($7.79M), and El Salvador ($3.71M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Jamaica WERE (2021 - 2022):
United States$267M (92.5%)
Argentina$26.9M (1%)
Antigua and Barbuda$16.3M (27k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Jamaica WERE (2021 - 2022):
Saint Kitts and Nevis-$9.84M (-50.6%)
British Virgin Islands-$4.05M (-54.4%)
Switzerland-$3.45M (-73%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Jamaica's main exporting competitors in Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Jamaica's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $103M
TOP IMPORT POTENTIALRussia+ $13.7M

Refined Petroleum’s highest export potential is United States. With an export gap of $103M.   Refined Petroleum’s highest import potential is Russia with an import gap of $13.7M.

See methodology.

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