Jamaica Major Exports by Category and Value

Navigate Jamaica's export landscape with category-by-category analysis and key market insights

Petroleum ether

Main Exported Product

$2.0 b

Market Size

869.6 m Kg

Highest-Volume Exports

~17.05%

Market Growth Rate

Jamaica Export Market

AI Insight

Jamaica's export sector exhibits strong momentum with a 17.05% growth rate in 2023. The market is heavily anchored by the United States, which commands 60.35% of total exports. Key value drivers include petroleum ether ($625M) and aluminium oxide ($472M), signaling a reliance on energy and mineral sectors. While industrial commodities dominate value, diverse products like rum and prepared fruits maintain presence. Investors should note the high market concentration in the USA and the significant role of heavy industry in driving the current upward trajectory.

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Top 10 Exported Products

AI Insight

Petroleum ether leads Jamaica's exports, valued at over $625 million in 2023. This is followed by aluminium oxide ($472M) and LNG ($239M). These energy and mineral products constitute the bulk of export value, while processed food items like fruit preparations and rum also contribute significantly to the trade mix.

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Leading Destination Countries

United States

60.35%

Russia

8.25%

Latvia

7.83%

Iceland

5.67%

United Kingdom

4.11%

Netherlands

3.52%

Guyana

3.17%

Canada

2.79%

Cayman Islands

2.17%

Trinidad and Tobago

2.14%

AI Insight

The United States is Jamaica's primary export destination, accounting for a dominant 60.35% market share ($1.01B). Russia and Latvia follow as secondary markets with 8.25% and 7.83% respectively. The data highlights a significant geographical concentration of trade within the North American region, alongside notable European partnerships.

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Export Growth Performance

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17.1%Annual Growth

AI Insight

Jamaica demonstrated strong export performance with a growth rate of 17.05%. This double-digit increase indicates robust market expansion and strengthening trade activities. Such momentum reflects positive economic shifts and potentially increased demand for Jamaica's primary export commodities in global markets.

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Emerging Supply Markets

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AI Insight

No specific data regarding emerging countries was provided for this period. Further analysis would be required to identify new or rapidly growing secondary markets beyond the established top-tier partners currently listed in the trade statistics.

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Jamaica Export Requirements

Before Shipment

1. Import License from Trade Board Ltd for restricted items. 2. Phytosanitary/Sanitary certificates for agricultural products. 3. Pre-shipment inspection for used motor vehicles. 4. Bureau of Standards Jamaica compliance. 5. Product registration for pharmaceuticals.

Documentation Required

1. Commercial Invoice. 2. Bill of Lading or Air Waybill. 3. C78 Import Entry (Customs Declaration). 4. Certificate of Origin (for FTA benefits). 5. Packing List.

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Jamaica free trade agreements and preferential access markets.

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CARICOM Single Market and Economy
CARIFORUM-EU Economic Partnership Agreement
CARIFORUM-UK Economic Partnership Agreement
CARICOM-Dominican Republic FTA
CARICOM-Cuba Free Trade Agreement

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