2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$17.1BCURRENT US$
Rnk 125 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 135 / 186
2022
Flag
GDP PC 
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC
$6,047CURRENT US$
Rnk 103 / 186
2012-2022
Flag
GDP PC GROWTH
12.7%CURRENT US$
Rnk 105 / 186

About

Bolivia-Jamaica Trade: In 2022, Bolivia exported $262k to Jamaica. The main products that Bolivia exported to Jamaica were Soybean Oil ($241k), Coconuts, Brazil Nuts, and Cashews ($20.8k), and Audio Alarms ($579). Over the past 5 years the exports of Bolivia to Jamaica have increased at an annualized rate of 94.4%, from $9.45k in 2017 to $262k in 2022.

In 2022, Bolivia did not export any services to Jamaica.

Jamaica-Bolivia Trade: In 2022, Jamaica exported $622 to Bolivia. The main products that Jamaica exported to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($341) and Centrifuges ($281). Over the past 5 years the exports of Jamaica to Bolivia have decreased at an annualized rate of 2.15%,  from $862 in 2017 to $622 in 2022.

In 2022, Jamaica did not export any services to Bolivia.

Comparison: In 2022,  Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B). That same year, Jamaica ranked 72 in the Economic Complexity Index (ECI -0.17), and 145 in total exports ($1.95B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $262k to Jamaica. The main products exported from Bolivia to Jamaica were Soybean Oil ($241k), Coconuts, Brazil Nuts, and Cashews ($20.8k), and Audio Alarms ($579). During the last 5 years the exports of Bolivia to Jamaica have increased at an annualized rate of 94.4%, from $9.45k in 2017 to $262k in 2022.

In 2017, Jamaica exported $622 to Bolivia. The main products exported from Jamaica to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($341) and Centrifuges ($281). During the last 5 years the exports of Jamaica to Bolivia have decreased at an annualized rate of 2.15%, from $862 in 2022 to $622 in 2017.

Exports from Bolivia (Flag) to Jamaica (Flag) (2022)

Exports from Jamaica (Flag) to Bolivia (Flag) (2022)

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Jamaica
Top Destination
United States$1.11B

This map shows whether countries import more from Bolivia or Jamaica. Each country is colored based on the difference in imports they receive from Bolivia and Jamaica or the difference in the growth in imports.

In 2022, countries that imported more from Bolivia than Jamaica included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

In 2022, countries that imported more from Jamaica than Bolivia included United States ($1.11B), Russia ($99.7M), and Iceland ($39.5M).

Difference in imports from Jamaica (Flag) and Bolivia (Flag) (2022)

Comparative Advantage Bolivia - Jamaica

Flow
Scale

This chart compares trade between Bolivia and Jamaica by product, considering products traded by both, Bolivia and Jamaica.

During 2022, Bolivia had a large net trade with Jamaica in the exports of Animal and Vegetable Bi-Products ($241k), Vegetable Products ($20.8k), and Machines ($579).

During 2017, Jamaica had a large net trade with Bolivia in the exports of Transportation ($341) and Machines ($281).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Jamaica+$313kSoybean Oil
Top Product Potential Jamaica Bolivia+$3.44kRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bolivia and Jamaica. This means that a dot/product with the flag of Bolivia indicates it has a comparative advantage over Jamaica. Similarly, a dot/product with the flag of Jamaica indicates it has a comparative advantage over Bolivia.

Product Space of Bolivia (Flag) and Jamaica (Flag) (2022)

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