2023
Exports
$314MWorld Rnk 81 / 214
Flag Rnk 2 / 778
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$1.04BWorld Rnk 106 / 226
Flag Rnk 1 / 1125
2023
ECONOMIC COMPLEXITY of Jamaica
-0.14Rnk 70 / 132

About

Exports In 2023, Jamaica exported $314M in Refined Petroleum, making it the 81st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Jamaica. The main destination of Refined Petroleum exports from Jamaica are: United States ($114M), Guyana ($53.8M), Haiti ($31.8M), Barbados ($22.5M), and Costa Rica ($13.4M).

The fastest growing export markets for Refined Petroleum of Jamaica between 2022 and 2023 were Guyana ($36.6M), Costa Rica ($11.5M), and Haiti ($10.3M).

Imports In 2023, Jamaica imported $1.04B in Refined Petroleum, becoming the 106th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Jamaica. Jamaica imports Refined Petroleum primarily from: United States ($858M), Russia ($101M), Barbados ($29.9M), Marshall Islands ($18.3M), and Brazil ($13.9M).

The fastest growing import markets in Refined Petroleum for Jamaica between 2022 and 2023 were Russia ($86.7M), Barbados ($28.6M), and Marshall Islands ($18.3M).

Latest Trends

Dec 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 Refined 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)$314M
IMPORTS (2023)$1.04B
NET TRADE (2023)-$724M

In 2023, Jamaica exported $314M in Refined Petroleum. The main destinations of Jamaica exports on Refined Petroleum were United States ($114M), Guyana ($53.8M), Haiti ($31.8M), Barbados ($22.5M), and Costa Rica ($13.4M).

In 2023, Jamaica imported $1.04B in Refined Petroleum, mainly from United States ($858M), Russia ($101M), Barbados ($29.9M), Marshall Islands ($18.3M), and Brazil ($13.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Jamaica WERE (2022 - 2023):
Guyana$36.6M (213%)
Costa Rica$11.5M (615%)
Haiti$10.3M (48.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Jamaica WERE (2022 - 2023):
Argentina-$30.2M (-100%)
Antigua and Barbuda-$18.5M (-99%)
France-$12.5M (-97%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Jamaica's main exporting competitors in Refined Petroleum were:
In 2023, Jamaica's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $103M
TOP IMPORT POTENTIALRussia+ $13.7M

Refined Petroleum’s highest export potential is United States. With an export gap of $103M.   Refined Petroleum’s highest import potential is Russia with an import gap of $13.7M.

See methodology.

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