Jamaica-Suriname Bilateral Trade Analysis 2023
Complete trade statistics: $57.40M total volume •Jamaica deficit: $57.40M
Jamaica → Suriname
$0
Exports (2023)
Suriname → Jamaica
$57.40M
Imports (2023)
Trade Balance
$57.40M
Deficit for Jamaica
Total Trade
$57.40M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Jamaica and Suriname. Green line shows exports from Jamaica, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Jamaica-Suriname commercial relationship and competitive positioning in global markets.
Jamaica → Suriname Exports
Export Market Intelligence
🎯 Strategic Export Focus
Jamaica's export portfolio to Suriname demonstrates strategic specialization, with petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils representing a key competitive advantage in this bilateral market.
Suriname → Jamaica Imports
Import Dependency Profile
📦 Import Strategy Analysis
Jamaica's import pattern from Suriname reveals significant dependencyin fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Jamaica demonstrates competitive strength in exportingpetroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils to Suriname, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $57.40M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Jamaica-Suriname Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $57.40 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Jamaica maintains a deficit of $57.40 million
- Export Focus: Jamaica's primary exports include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, liqueurs and cordials, vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers holding 2 litres or less
- Import Dependencies: Key imports from Suriname include fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, fish: frozen, trout (salmo trutta, oncorhynchus mykiss, oncorhynchus clarki, oncorhynchus aguabonita, oncorhynchus gilae, oncorhynchus apache and oncorhynchus chrysogaster), excluding fillets, meat of 0304, and edible fish offal of 0303.91 to 0303.99
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $57.40M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Jamaica leveraging its comparative advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Jamaica's specialization in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oilscomplements Suriname's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $57.40M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $57.40M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $57.40 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils and fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Jamaica's trade deficit of $57.40 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Jamaica and Suriname represents a total trade volume of $57.40 million in 2023. This partnership demonstrates an unfavorable trade balance for Jamaica, with imports exceeding exportsby $57.40 million.
Export Strengths
Jamaica's exports to Suriname total $0.00, with competitive advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, representing $5.81M orInfinity% of bilateral exports.
Import Dependencies
Imports from Suriname amount to $57.40 million, highlighting economic interdependence in fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, with Fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 comprising23.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Jamaica's strategic sourcing from Suriname. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Jamaica and Suriname in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023