2023
Flag  
GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
 GDP
$19.4BCURRENT US$
Rnk 124 / 195
2013-2023
Flag
GDP GROWTH
36.2%CURRENT US$
Rnk 101 / 195
2023
Flag
GDP PC 
$54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC
$6,840CURRENT US$
Rnk 105 / 196
2013-2023
Flag
GDP PC GROWTH
33.5%CURRENT US$
Rnk 72 / 195

About

Germany-Jamaica Trade: In 2023, Germany exported $120M to Jamaica. The main products that Germany exported to Jamaica were Cars ($28.2M), Packaged Medicaments ($15.3M), and Special Purpose Ships ($10.2M). Over the past 5 years the exports of Germany to Jamaica have decreased at an annualized rate of 1.66%, from $130M in 2018 to $120M in 2023.

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

Jamaica-Germany Trade: In 2023, Jamaica exported $12.3M to Germany. The main products that Jamaica exported to Germany were Refined Petroleum ($5.48M), Hard Liquor ($4.94M), and Coffee ($514k). Over the past 5 years the exports of Jamaica to Germany have decreased at an annualized rate of 38.1%,  from $136M in 2018 to $12.3M in 2023.

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

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). 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
Value

In 2023, Germany exported $120M to Jamaica. The main products exported from Germany to Jamaica were Cars ($28.2M), Packaged Medicaments ($15.3M), and Special Purpose Ships ($10.2M). During the last 5 years the exports of Germany to Jamaica have decreased at an annualized rate of 1.66%, from $130M in 2018 to $120M in 2023.

In 2018, Jamaica exported $12.3M to Germany. The main products exported from Jamaica to Germany were Refined Petroleum ($5.48M), Hard Liquor ($4.94M), and Coffee ($514k). During the last 5 years the exports of Jamaica to Germany have decreased at an annualized rate of 38.1%, from $136M in 2023 to $12.3M in 2018.

Exports from Germany (Flag) to Jamaica (Flag) (2023)

Exports from Jamaica (Flag) to Germany (Flag) (2023)

Market Competitiveness

Color
Germany
Top Destination
United States$157B
Jamaica
Top Destination
United States$709M

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

In 2023, countries that imported more from Germany than Jamaica included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Jamaica than Germany included Guyana ($80.7M), Barbados ($46.1M), and Dominica ($8.5M).

Difference in imports from Jamaica (Flag) and Germany (Flag) (2023)

Comparative Advantage Germany - Jamaica

Flow
Scale

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

During 2023, Germany had a large net trade with Jamaica in the exports of Transportation ($41.8M), Machines ($27.2M), and Chemical Products ($20.7M).

During 2018, Jamaica had a large net trade with Germany in the exports of Mineral Products ($5.51M), Foodstuffs ($4.98M), and Vegetable Products ($1.28M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Jamaica+$15.1MCars
Top Product Potential Jamaica Germany+$3.44MHard Liquor

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

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

Product Space of Germany (Flag) and Jamaica (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with