2022
Exports
$667World Rnk 128 / 149
Flag Rnk 667 / 794
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$440MWorld Rnk 62 / 158
Flag Rnk 2 / 1118
2022
ECONOMIC COMPLEXITY of Jamaica
-0.17Rnk 72 / 133

About

Exports In 2022, Jamaica exported $667 in Crude Petroleum, making it the 128th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 667th most exported product in Jamaica. The main destination of Crude Petroleum exports from Jamaica are: Grenada ($497), Sweden ($85), and Trinidad and Tobago ($85).

The fastest growing export markets for Crude Petroleum of Jamaica between 2021 and 2022 were Grenada ($497) and Sweden ($85).

Imports In 2022, Jamaica imported $440M in Crude Petroleum, becoming the 62nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in Jamaica. Jamaica imports Crude Petroleum primarily from: Brazil ($273M), Colombia ($77.9M), Ecuador ($75.3M), Barbados ($13.3M), and Spain ($3.89k).

The fastest growing import markets in Crude Petroleum for Jamaica between 2021 and 2022 were Brazil ($212M), Ecuador ($55.4M), and Barbados ($7.18M).

Latest Trends

Aug 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 Crude 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)$667
IMPORTS (2022)$440M
NET TRADE (2022)-$440M

In 2022, Jamaica exported $667 in Crude Petroleum. The main destinations of Jamaica exports on Crude Petroleum were Grenada ($497), Sweden ($85), and Trinidad and Tobago ($85).

In 2022, Jamaica imported $440M in Crude Petroleum, mainly from Brazil ($273M), Colombia ($77.9M), Ecuador ($75.3M), Barbados ($13.3M), and Spain ($3.89k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Jamaica WERE (2021 - 2022):
Grenada$497 (1%)
Sweden$85 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Jamaica WERE (2021 - 2022):
Barbados-$1.76M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Jamaica's main exporting competitors in Crude Petroleum were:
In 2022, Jamaica's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.43k
TOP IMPORT POTENTIALColombia+ $3.21M

Crude Petroleum’s highest export potential is United States. With an export gap of $1.43k.   Crude Petroleum’s highest import potential is Colombia with an import gap of $3.21M.

See methodology.

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