This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 8/6/2019

Overview

U.S. brands enjoy significant goodwill in the Jamaican market, underpinned by a long tradition of safety and quality.  However, Jamaicans are increasingly price sensitive, leading to a diversion of trade to cheaper competitors.  This notwithstanding, machinery built in the U.S. remains visible at construction sites, large farms, and industrial facilities and there has been an uptick in imports from the United States during the last two years.  There is still a strong market for telecommunications and data related products, batteries, and electrical components.  Right-handed vehicles out of Japan and Europe continue to dominate the market, but the United States remains a major source market for auto parts and accessories.

Machinery & Transport Equipment ($M)

2015

2016

2017

2018

Total Local Production

N/A*

N/A

N/A

N/A

Total Exports

21

40

34

 21

Total Imports

1,02.7

1,275

1,474

 1,410

Imports from the US

367

406

492

 520

Total Market Size

N/A*

N/A

N/A

N/A

Exchange Rates

116.68

125.14

128.36

129.72

(total market size = (total local production + imports) - exports)
Source: STATIN
*N/A indicates no data is available


Leading Sub-Sectors

Best prospects include wheel rims, shock absorbers, clutch parts, brake parts, tires, and other general accessories.
 

Opportunities

Jamaican authorities monitor the quality of the imports and this scrutiny increases opportunities for new higher quality aftermarket auto parts.  The introduction of liquified natural gas (LNG) into the energy mix may also provide additional opportunities for products associated with this industry.
 

Web Resources

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.