2022
Exports
$12.3kWorld Rnk 111 / 136
Flag Rnk 455 / 794
2022
PRODUCT COMPLEXITY IN Molasses
-1.56Rnk 955 / 1025
2022
Imports
$22.8MWorld Rnk 20 / 193
Flag Rnk 63 / 1118
2022
ECONOMIC COMPLEXITY of Jamaica
-0.17Rnk 72 / 133

About

Exports In 2022, Jamaica exported $12.3k in Molasses, making it the 111th largest exporter of Molasses in the world. At the same year, Molasses was the 455th most exported product in Jamaica. The main destination of Molasses exports from Jamaica are: United States ($9.52k), United Kingdom ($2.18k), British Virgin Islands ($276), Canada ($249), and Cayman Islands ($97).

The fastest growing export markets for Molasses of Jamaica between 2021 and 2022 were British Virgin Islands ($276), Canada ($182), and United States ($176).

Imports In 2022, Jamaica imported $22.8M in Molasses, becoming the 20th largest importer of Molasses in the world. At the same year, Molasses was the 63rd most imported product in Jamaica. Jamaica imports Molasses primarily from: Mexico ($14.6M), Fiji ($5.1M), Panama ($2.3M), Guatemala ($727k), and Belize ($5.99k).

The fastest growing import markets in Molasses for Jamaica between 2021 and 2022 were Mexico ($10.2M), Panama ($2.3M), and Guatemala ($727k).

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 Molasses. 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)$12.3k
IMPORTS (2022)$22.8M
NET TRADE (2022)-$22.8M

In 2022, Jamaica exported $12.3k in Molasses. The main destinations of Jamaica exports on Molasses were United States ($9.52k), United Kingdom ($2.18k), British Virgin Islands ($276), Canada ($249), and Cayman Islands ($97).

In 2022, Jamaica imported $22.8M in Molasses, mainly from Mexico ($14.6M), Fiji ($5.1M), Panama ($2.3M), Guatemala ($727k), and Belize ($5.99k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Jamaica WERE (2021 - 2022):
Canada$182 (272%)
United States$176 (1.88%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Jamaica WERE (2021 - 2022):
United Kingdom-$2.92k (-57.3%)
Dominica-$798 (-100%)
Austria-$312 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.3k
TOP IMPORT POTENTIALGuatemala+ $92.3k

Molasses’s highest export potential is United States. With an export gap of $10.3k.   Molasses’s highest import potential is Guatemala with an import gap of $92.3k.

See methodology.

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