Jamaica (JAM) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Jamaica-Russia Trade: In 2023, Jamaica exported $138M to Russia. The main products that Jamaica exported to Russia were Aluminium Oxide ($138M) and Electricity ($82.3k). Over the past 5 years the exports of Jamaica to Russia have increased at an annualized rate of 7.27%, from $97.2M in 2018 to $138M in 2023.

In 2023, Jamaica did not export any services to Russia.

Russia-Jamaica Trade: In 2023, Russia exported $101M to Jamaica. The main products that Russia exported to Jamaica were Refined Petroleum ($101M), Rolled Tobacco ($13.4k), and Other Measuring Instruments ($1.74k). Over the past 5 years the exports of Russia to Jamaica have increased at an annualized rate of 118%, from $2.02M in 2018 to $101M in 2023.

In 2020, Russia exported services to Jamaica worth $135k, with Transportation ($91k), Computer and information services ($20k), and Communications services ($19k) being the largest in terms of value.

Comparison: In 2023, Jamaica ranked 70 in the Economic Complexity Index (ECI -0.14), and 147 in total exports ($1.89B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Jamaica exported $138M to Russia. The main products exported from Jamaica to Russia were Aluminium Oxide ($138M) and Electricity ($82.3k). During the last 5 years the exports of Jamaica to Russia have increased at an annualized rate of 7.27%, from $97.2M in 2018 to $138M in 2023.

In 2018, Russia exported $101M to Jamaica. The main products exported from Russia to Jamaica were Refined Petroleum ($101M), Rolled Tobacco ($13.4k), and Other Measuring Instruments ($1.74k). During the last 5 years the exports of Russia to Jamaica have increased at an annualized rate of 118%, from $2.02M in 2023 to $101M in 2018.

Exports from Jamaica () to Russia () (2023)

Exports from Russia () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Russia ()

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$709M

Russia
Top DestinationChina$129B

This map shows whether countries import more from Jamaica or Russia. Each country is colored based on the difference in imports they receive from Jamaica and Russia or the difference in the growth in imports.

In 2023, countries that imported more from Jamaica than Russia included Iceland ($127M), Guyana ($80.7M), and Barbados ($46.1M).

In 2023, countries that imported more from Russia than Jamaica included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia () and Jamaica () (2023)

Comparative Advantage Jamaica - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Jamaica and Russia by product, considering products traded by both, Jamaica and Russia.

During 2023, Jamaica had a large net trade with Russia in the exports of Chemical Products ($138M) and Mineral Products ($82.3k).

During 2018, Russia had a large net trade with Jamaica in the exports of Mineral Products ($101M), Foodstuffs ($13.7k), and Instruments ($1.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Russia+$70.6kElectricity

Top Product Potential Russia Jamaica+$13.7MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Jamaica worth $135k, with Transportation ($91k), Computer and information services ($20k), and Communications services ($19k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Jamaica () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Jamaica and Russia. This means that a dot/product with the flag of Jamaica indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Jamaica.

About

Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Russia () (2023)

Exports from Russia () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Russia ()

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Jamaica () (2023)

Comparative Advantage Jamaica - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Jamaica () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Jamaica () and Russia () (2023)

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