Colombia (COL) and Jamaica (JAM) Trade | The Observatory of Economic Complexity

About

Colombia-Jamaica Trade: In 2023, Colombia exported $293M to Jamaica. The main products that Colombia exported to Jamaica were Crude Petroleum ($213M), Raw Sugar ($12M), and Refrigerators ($6.48M). Over the past 5 years the exports of Colombia to Jamaica have increased at an annualized rate of 20.8%, from $114M in 2018 to $293M in 2023.

In 2023, Colombia did not export any services to Jamaica.

Jamaica-Colombia Trade: In 2023, Jamaica exported $1.06M to Colombia. The main products that Jamaica exported to Colombia were Aluminium Oxide ($664k), Broadcasting Equipment ($89k), and Used Clothing ($81.4k). Over the past 5 years the exports of Jamaica to Colombia have increased at an annualized rate of 3.92%, from $361k in 2018 to $1.06M in 2023.

In 2023, Jamaica did not export any services to Colombia.

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). That same year, Jamaica ranked 70 in the Economic Complexity Index (ECI -0.14), and 147 in total exports ($1.89B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $293M to Jamaica. The main products exported from Colombia to Jamaica were Crude Petroleum ($213M), Raw Sugar ($12M), and Refrigerators ($6.48M). During the last 5 years the exports of Colombia to Jamaica have increased at an annualized rate of 20.8%, from $114M in 2018 to $293M in 2023.

In 2018, Jamaica exported $1.06M to Colombia. The main products exported from Jamaica to Colombia were Aluminium Oxide ($664k), Broadcasting Equipment ($89k), and Used Clothing ($81.4k). During the last 5 years the exports of Jamaica to Colombia have increased at an annualized rate of 3.92%, from $361k in 2023 to $1.06M in 2018.

Exports from Colombia () to Jamaica () (2023)

Exports from Jamaica () to Colombia () (2023)

Latest Data

Trade between Colombia () and Jamaica ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Jamaica
Top DestinationUnited States$709M

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

In 2023, countries that imported more from Colombia than Jamaica included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

In 2023, countries that imported more from Jamaica than Colombia included Latvia ($131M), Iceland ($127M), and Russia ($138M).

Difference in imports from Jamaica () and Colombia () (2023)

Comparative Advantage Colombia - Jamaica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Jamaica in the exports of Mineral Products ($218M), Machines ($21.1M), and Foodstuffs ($18.5M).

During 2018, Jamaica had a large net trade with Colombia in the exports of Chemical Products ($702k), Machines ($142k), and Textiles ($121k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Jamaica+$3.21MCrude Petroleum

Top Product Potential Jamaica Colombia+$1.52MRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Jamaica () (2023)

Exports from Jamaica () to Colombia () (2023)

Latest Data

Trade between Colombia () and Jamaica ()

Colombia Exports

Market Competitiveness

Difference in imports from Jamaica () and Colombia () (2023)

Comparative Advantage Colombia - Jamaica

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Colombia () and Jamaica () (2023)

Keep Exploring