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Pricing

2022
Flag → Flag
Exports $12.6MRnk 111 / 138
2022
Flag → Flag
Top Product $12.2MRefined Petroleum
2022
Flag → Flag
Exports $99.7MRnk 2 / 157
2022
Flag → Flag
Top Product $99.7MAluminium Oxide
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.17Rnk 72 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
 GDP$17.1BCURRENT US$
Rnk 125 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 135 / 186
2022
Flag
GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
Flag
GDP PC$6,047CURRENT US$
Rnk 103 / 186
2012-2022
Flag
GDP PC GROWTH12.7%CURRENT US$
Rnk 105 / 186

About

Russia-Jamaica Trade: In 2022, Russia exported $12.6M to Jamaica. The main products that Russia exported to Jamaica were Refined Petroleum ($12.2M), Sodium or Potassium Peroxides ($227k), and Phenols ($120k). Over the past 5 years the exports of Russia to Jamaica have increased at an annualized rate of 25.3%, from $4.09M in 2017 to $12.6M in 2022.

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.

Jamaica-Russia Trade: In 2022, Jamaica exported $99.7M to Russia. The main products that Jamaica exported to Russia were Aluminium Oxide ($99.7M) and Electricity ($84.5k). Over the past 5 years the exports of Jamaica to Russia have increased at an annualized rate of 12%,  from $50.6M in 2017 to $99.7M in 2022.

In 2022, Jamaica did not export any services to Russia.

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Jamaica ranked 72 in the Economic Complexity Index (ECI -0.17), and 145 in total exports ($1.95B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $133k and imported $130k from Jamaica, resulting in a positive trade balance of $2.56k. Between January 2021 and January 2022 the exports of Russia have increased by $114k (633%) from $18.1k to $133k, while imports decreased by $-10.3M (-98.8%) from $10.4M to $130k.

Trade In January 2022, the top exports of Russia to Jamaica were Unglazed Ceramics ($18.1k). In January 2022 the top imports of Russia from Jamaica were Aluminium Oxide ($10.4M) and Hard Liquor ($59.4k).

Origins In January 2022 the exports of Russia were mainly from VOLGOGRAD REGION ($133k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($130k).

Growth In January 2022, the increase in Russia's year-by-year exports to Jamaica was explained primarily by an increase in product exports in . In January 2022, the decrease in Russia's year-by-year imports  from Jamaica was explained primarily by an decrease in product imports  in Aluminium Oxide ($-9.03M or -46.6%) and Hard Liquor ($-19.2k or -24.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$114k(633%)
IMPORT GROWTH (January 2021 - January 2022)$-10.3M(-98.8%)
MAIN EXPORTER (January 2022)VOLGOGRAD REGION$133k

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Jamaica and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Jamaica and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $12.6M to Jamaica. The main products exported from Russia to Jamaica were Refined Petroleum ($12.2M), Sodium or Potassium Peroxides ($227k), and Phenols ($120k). During the last 5 years the exports of Russia to Jamaica have increased at an annualized rate of 25.3%, from $4.09M in 2017 to $12.6M in 2022.

In 2017, Jamaica exported $99.7M to Russia. The main products exported from Jamaica to Russia were Aluminium Oxide ($99.7M) and Electricity ($84.5k). During the last 5 years the exports of Jamaica to Russia have increased at an annualized rate of 12%, from $50.6M in 2022 to $99.7M in 2017.

Exports from Russia (Flag) to Jamaica (Flag) (2022)

Exports from Jamaica (Flag) to Russia (Flag) (2022)

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Jamaica
Top DestinationUnited States$1.11B

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

In 2022, countries that imported more from Russia than Jamaica included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Jamaica than Russia included Barbados ($32.2M), Cayman Islands ($26.5M), and Antigua and Barbuda ($26.1M).

Difference in imports from Jamaica (Flag) and Russia (Flag) (2022)

Comparative Advantage Russia - Jamaica

Flow
Scale

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

During 2022, Russia had a large net trade with Jamaica in the exports of Mineral Products ($12.2M), Chemical Products ($363k), and Foodstuffs ($42.7k).

During 2017, Jamaica had a large net trade with Russia in the exports of Chemical Products ($99.7M) and Mineral Products ($84.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Jamaica+$13.7MRefined Petroleum
Top Product Potential Jamaica Russia+$70.6kElectricity

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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Economic Complexity

Competitive Landscape

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

Product Space of Russia (Flag) and Jamaica (Flag) (2022)

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