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Jamaica Trade Summary

2023

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 2023

Overall Exports and Imports for Jamaica 2023

Exports and imports of Jamaica in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 2,002 million.
  • The total value of imports (CIF) was 7,592 million.
  • At the HS6 digit level, 1,434 products were exported to 103 countries and 3,678 products were imported from 127 countries.

Jamaica top 5 Export and Import partners 2023

Top five countries to which Jamaica exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Jamaica exports to United States worth US$ 1,011 million, with a partner share of 50.51 percent.
  2. Jamaica exports to Russian Federation worth US$ 138 million, with a partner share of 6.90 percent.
  3. Jamaica exports to Latvia worth US$ 131 million, with a partner share of 6.55 percent.
  4. Jamaica exports to Iceland worth US$ 95 million, with a partner share of 4.74 percent.
  5. Jamaica exports to United Kingdom worth US$ 69 million, with a partner share of 3.44 percent.

Top five countries from which Jamaica imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Jamaica imports from United States worth US$ 3,135 million, with a partner share of 41.29 percent.
  2. Jamaica imports from China worth US$ 608 million, with a partner share of 8.00 percent.
  3. Jamaica imports from Brazil worth US$ 365 million, with a partner share of 4.80 percent.
  4. Jamaica imports from Japan worth US$ 291 million, with a partner share of 3.83 percent.
  5. Jamaica imports from Colombia worth US$ 283 million, with a partner share of 3.73 percent.

Jamaica Top 5 Productsexports imports at HS 6 digit level 2023

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

  1. Jamaica exported Petroleum oils, etc, (excl. crude); preparation , worth 625,645.32 (US$ Thousands).
  2. Jamaica exported Aluminium oxide, other than artificial corundum , worth 472,552.62 (US$ Thousands).
  3. Jamaica exported Natural gas, liquefied , worth 239,681.25 (US$ Thousands).
  4. Jamaica exported Other fruit, etc, prepared or preserved, nes , worth 69,469.01 (US$ Thousands).
  5. Jamaica exported Aluminium ores and concentrates , worth 68,007.42 (US$ Thousands).

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 1,076,874.21 (US$ Thousands).
  2. Jamaica imported Petroleum oils and oils obtained from bituminou , worth 486,447.49 (US$ Thousands).
  3. Jamaica imported Natural gas, liquefied , worth 406,324.66 (US$ Thousands).
  4. Jamaica imported Other medicaments of mixed or unmixed products, , worth 164,960.56 (US$ Thousands).
  5. Jamaica imported Automobiles with reciprocating piston engine di , worth 155,025.24 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Jamaica in 2023 are below

  • The maximum rate of tariff in percentage on any product was 100 percent.
  • The simple average tariff across all products was 9.75 percent.
  • The trade weighted average tariff was 9.92 .
  • The total duty free imports in thousands of US dollars were 2,584,267.93 and duty free tariff line items share was 35.25 percent.

Development Indicators 2023

Key Development Indicators of Jamaica in 2023 are below

  • Jamaica GDP in current US dollar was 19,423 million.
  • GNI per capita, Atlas method (current US$) was 6,220.00 .
  • Jamaica Trade balance: as % of GDP was not available.
  • Trade balance in current US$ was not available.
  • Trade as percentage of GDP was not available .
  • Trade in services as percentage of GDP was 44.98 .

Trade Indicators 2023

Trade Indicators for Jamaica in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.14.
  • Index of export market penetration was 2.22.
  • World Growth in percentage was -3.13 and Jamaica Country Growth was 15.21 .