Flag Spain / Jamaica Flag

Exports Flag β†’ Flag  (2018): $82.4M, Rnk 111 / 209

Top Product Flag β†’ Flag (2018): $12.3M, Other Furniture

Exports Flag β†’ Flag (2018): $1.31M, Rnk 35 / 98

Top Product Flag β†’ Flag (2018): $518k, Crustaceans

Economic Complexity of Flag (2018): ECI 0.85, Rnk 33 / 137

Economic Complexity of Flag (2018): ECI -0.25, Rnk 79 / 137

GDP Flag (2018): $1.42T, CURRENT US$
Rnk 14 / 196

GDP GROWTH Flag (2008-2018): -12.7%, CURRENT US$
Rnk 186 / 196

GDP Flag (2018): $15.7B, CURRENT US$
Rnk 121 / 196

GDP GROWTH Flag (2008-2018): 14.9%, CURRENT US$
Rnk 135 / 196

GDP PC Flag (2018): $30,371, CURRENT US$
Rnk 35 / 196

GDP PC GROWTH Flag (2008-2018): -14.1%, CURRENT US$
Rnk 173 / 196

GDP PC Flag (2018): $5,354, CURRENT US$
Rnk 107 / 196

GDP PC GROWTH Flag (2008-2018): 8.88%, CURRENT US$
Rnk 126 / 196

Spain-Jamaica: In 2018, Spain exported $82.4M to Jamaica. The main products exported from Spain to Jamaica were Other Furniture ($12.3M), Iron Structures ($7.13M), and Unglazed Ceramics ($4.19M). During the last 23 years the exports of Spain to Jamaica have increased at an annualized rate of 3.17%, from $40.3M in 1995 to $82.4M in 2018.

Jamaica-Spain: In 2018, Jamaica exported $1.31M to Spain. The main products exported from Jamaica to Spain were Crustaceans ($518k), Scrap Iron ($484k), and Hard Liquor ($153k). During the last 23 years the exports of Jamaica to Spain have decreased at an annualized rate of 5.06%, from $4.31M in 1995 to $1.31M in 2018.

Comparison: In 2018, Spain ranked 33 in the Economic Complexity Index (ECI 0.85), and 15 in total exports ($330B). That same year, Jamaica ranked 79 in the Economic Complexity Index (ECI -0.25), and 143 in total exports ($1.25B). In terms of GDP Per Capita, Spain was ranked 35 with a GDP Per Capita of $30,371, and Jamaica was ranked 107 with a GDP Per Capita of $5,354.

Bilateral Trade by Products

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Depth
Value

In 2018, Spain exported $82.4M to Jamaica. The main products exported from Spain to Jamaica were Other Furniture ($12.3M), Iron Structures ($7.13M), and Unglazed Ceramics ($4.19M). During the last 23 years the exports of Spain to Jamaica have increased at an annualized rate of 3.17%, from $40.3M in 1995 to $82.4M in 2018.

In 2018, Jamaica exported $1.31M to Spain. The main products exported from Jamaica to Spain were Crustaceans ($518k), Scrap Iron ($484k), and Hard Liquor ($153k). During the last 23 years the exports of Jamaica to Spain have decreased at an annualized rate of 5.06%, from $4.31M in 1995 to $1.31M in 2018.

Market Competitiveness

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Measure

Spain
Top Destination
: France, $48.6B

Jamaica
Top Destination
: United States, $336M

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

In 2018, countries that imported more from Spain than Jamaica were France ($48.6B), Germany ($36.3B), and Portugal ($27.2B).

In 2018, countries that imported more from Jamaica than Spain were Guyana ($9.5M), Barbados ($12.4M), and Saint Vincent and the Grenadines ($3.12M).

Comparative Advantage Spain - Jamaica

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Depth

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

During 2018, Spain had a large net trade with Jamaica in the exports of Machines ($23.5M), Miscellaneous ($16.6M), and Metals ($14.9M).

During 2018, Jamaica had a large net trade with Spain in the exports of Animal Products ($518k), Metals ($513k), and Foodstuffs ($153k).

Tariff Section

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This sections shows import tariffs for products traded between Spain and Jamaica (using the HS6 product classification and the last year reported).

In 2017, the products from Spain that paid the highest import tariffs to enter Jamaica were Grape wines, alcoholic grape must nes (15.2%) and Wine; still, in containers holding more than 2 litres but not more than 10 litres (5.08%).

In 2016, the products from Jamaica that paid the highest import tariffs to enter Spain were Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, fresh or chilled (100%) and Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, frozen (100%).

Explore Tariff Data

*The tariffs present between Spain and Jamaica are:
109: Caribbean Forum (CARIFORUM) - European Union Economic Partnership Agreements (EPA)
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Spain and Jamaica. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Spain has comparative advantage over Jamaica. Similarly, the more red a dot/product is, the more Jamaica has comparative advantage over Spain.