2022
Exports
$4.11MWorld Rnk 141 / 210
Flag Rnk 30 / 95
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2022
Imports
$92.3MWorld Rnk 124 / 224
Flag Rnk 22 / 96
2022
ECONOMIC COMPLEXITY of Jamaica
-0.17Rnk 72 / 133

About

Exports In 2022, Jamaica exported $4.11M in Animal or vegetable fats, oils, & waxes, making it the 141st largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 30th most exported product in Jamaica. The main destination of Animal or vegetable fats, oils, & waxes exports from Jamaica are: Trinidad and Tobago ($2.26M), Australia ($493k), Curaçao ($337k), United States ($162k), and Haiti ($130k).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Jamaica between 2021 and 2022 were Trinidad and Tobago ($1.49M), Australia ($286k), and Barbados ($40k).

Imports In 2022, Jamaica imported $92.3M in Animal or vegetable fats, oils, & waxes, becoming the 124th largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 22nd most imported product in Jamaica. Jamaica imports Animal or vegetable fats, oils, & waxes primarily from: United States ($47M), Indonesia ($14.3M), Argentina ($10.8M), Trinidad and Tobago ($5.28M), and Italy ($3.75M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Jamaica between 2021 and 2022 were United States ($8.91M), Argentina ($6.37M), and Indonesia ($6.07M).

COMPANIES In 2023, leading companies such as Heineken (1) were at the forefront of shipping Animal or vegetable fats, oils, & waxes from Jamaica to the United States.

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 Animal or vegetable fats, oils, & waxes. 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)$4.11M
IMPORTS (2022)$92.3M
NET TRADE (2022)-$88.2M

In 2022, Jamaica exported $4.11M in Animal or vegetable fats, oils, & waxes. The main destinations of Jamaica exports on Animal or vegetable fats, oils, & waxes were Trinidad and Tobago ($2.26M), Australia ($493k), Curaçao ($337k), United States ($162k), and Haiti ($130k).

In 2022, Jamaica imported $92.3M in Animal or vegetable fats, oils, & waxes, mainly from United States ($47M), Indonesia ($14.3M), Argentina ($10.8M), Trinidad and Tobago ($5.28M), and Italy ($3.75M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR Jamaica WERE (2021 - 2022):
Trinidad and Tobago$1.49M (194%)
Australia$286k (139%)
Barbados$40k (74.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY Jamaica WERE (2021 - 2022):
Guyana-$153k (-80.8%)
Dominica-$132k (-86.8%)
Suriname-$108k (-82.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Jamaica's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, Jamaica's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $338k
TOP IMPORT POTENTIALBrazil+ $619k

Animal or vegetable fats, oils, & waxes’s highest export potential is United States. With an export gap of $338k.   Animal or vegetable fats, oils, & waxes’s highest import potential is Brazil with an import gap of $619k.

See methodology.

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