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2023
Exports $1.33kWorld Rnk 129 / 150
Flag Rnk 611 / 778
2023
Destination $372 Grenada
2022 - 2023
FASTEST GROWING MARKET $372Sweden
2023
PRODUCT COMPLEXITY IN Crude Petroleum-2.37Rnk 1015 / 1025
2023
Imports $390MWorld Rnk 65 / 159
Flag Rnk 4 / 1125
2023
Origin $130M Colombia
2022 - 2023
FASTEST GROWING ORIGIN $130MColombia
2023
ECONOMIC COMPLEXITY of Jamaica-0.14Rnk 70 / 132

About

Exports In 2023, Jamaica exported $1.33k in Crude Petroleum, making it the 129th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 611th most exported product in Jamaica. The main destination of Crude Petroleum exports from Jamaica are: Grenada ($856) and Sweden ($471).

The fastest growing export markets for Crude Petroleum of Jamaica between 2022 and 2023 were Sweden ($372) and Grenada ($291).

Imports In 2023, Jamaica imported $390M in Crude Petroleum, becoming the 65th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 4th most imported product in Jamaica. Jamaica imports Crude Petroleum primarily from: Colombia ($213M), Brazil ($166M), Barbados ($10.4M), and United States ($443).

The fastest growing import markets in Crude Petroleum for Jamaica between 2022 and 2023 were Colombia ($130M) and United States ($273).

Latest Trends

Jan 2025

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 (2023)$1.33k
IMPORTS (2023)$390M
NET TRADE (2023)-$390M

In 2023, Jamaica exported $1.33k in Crude Petroleum. The main destinations of Jamaica exports on Crude Petroleum were Grenada ($856) and Sweden ($471).

In 2023, Jamaica imported $390M in Crude Petroleum, mainly from Colombia ($213M), Brazil ($166M), Barbados ($10.4M), and United States ($443).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Jamaica WERE (2022 - 2023):
Sweden$372 (376%)
Grenada$291 (51.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Jamaica WERE (2022 - 2023):Trinidad and Tobago-$97 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Jamaica's main exporting competitors in Crude Petroleum were:
Saudi Arabia $181B
United States $125B
Russia $122B
In 2023, Jamaica's main importing competitors in Crude Petroleum were:
China $319B
United States $170B
India $140B

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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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