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Jamaica Trade Summary

2020

Jamaica exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR JAMAICA 2020

Overall Exports and Imports for Jamaica 2020

Exports and imports of Jamaica in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 1,251 million.
  • The total value of imports (CIF) was 4,765 million.
  • At the HS6 digit level, 1,580 products were exported to 116 countries and 3,630 products were imported from 133 countries.

Jamaica top 5 Export and Import partners 2020

Top five countries to which Jamaica exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Jamaica exports to United States worth US$ 571 million, with a partner share of 45.62 percent.
  2. Jamaica exports to Canada worth US$ 119 million, with a partner share of 9.51 percent.
  3. Jamaica exports to Netherlands worth US$ 98 million, with a partner share of 7.84 percent.
  4. Jamaica exports to Iceland worth US$ 84 million, with a partner share of 6.69 percent.
  5. Jamaica exports to Russian Federation worth US$ 68 million, with a partner share of 5.47 percent.

Top five countries from which Jamaica imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Jamaica imports from United States worth US$ 1,924 million, with a partner share of 40.37 percent.
  2. Jamaica imports from China worth US$ 392 million, with a partner share of 8.23 percent.
  3. Jamaica imports from Brazil worth US$ 308 million, with a partner share of 6.47 percent.
  4. Jamaica imports from Japan worth US$ 208 million, with a partner share of 4.37 percent.
  5. Jamaica imports from Colombia worth US$ 138 million, with a partner share of 2.89 percent.

Jamaica Top 5 Productsexports imports at HS 6 digit level 2020

The top five exported HS 6 digit level products to world by Jamaica along with trade value are:

  1. Jamaica exported Aluminium oxide, other than artificial corundum , worth US$ 425,792.26 million.
  2. Jamaica exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 268,975.11 million.
  3. Jamaica exported Aluminium ores and concentrates , worth US$ 88,614.11 million.
  4. Jamaica exported Other fruit, etc, prepared or preserved, nes , worth US$ 59,601.22 million.
  5. Jamaica exported Rum and tafia , worth US$ 54,497.23 million.

The top five imported HS 6 digit level products from world by Jamaica along with trade value are

  1. Jamaica imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 403,986.01 million.
  2. Jamaica imported Petroleum oils and oils obtained from bituminou , worth US$ 380,099.72 million.
  3. Jamaica imported Other medicaments of mixed or unmixed products, , worth US$ 146,303.38 million.
  4. Jamaica imported Automobiles with reciprocating piston engine di , worth US$ 137,483.82 million.
  5. Jamaica imported Other food preparations, nes , worth US$ 122,374.72 million.

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Jamaica in 2020 are below

  • The maximum rate of tariff in percentage on any product was 100 percent.
  • The simple average tariff across all products was 9 percent.
  • The trade weighted average tariff was 8.41 .
  • The total duty free imports in thousands of US dollars were 2,626,237.99 and duty free tariff line items share was 42.45 percent.

Development Indicators 2020

Key Development Indicators of Jamaica in 2020 are below

  • Jamaica GDP in current US dollar was 13,812 million.
  • GNI per capita, Atlas method (current US$) was 4,900.00 .
  • Jamaica Trade balance: as % of GDP was -17.69.
  • Trade balance in current US$ was -2,443.00 million.
  • Trade as percentage of GDP was 65.86 .
  • Trade in services as percentage of GDP was 26.88 .

Trade Indicators 2020

Trade Indicators for Jamaica in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.17.
  • Index of export market penetration was 2.13.
  • World Growth in percentage was -3.75 and Jamaica Country Growth was -13.29 .