Ghana (GHA) and Jamaica (JAM) Trade | The Observatory of Economic Complexity

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Ghana-Jamaica Trade: In 2023, Ghana exported $65.4k to Jamaica. The main products that Ghana exported to Jamaica were Building Stone ($50.8k), Other Pure Vegetable Oils ($10.7k), and Non-Knit Women's Suits ($2k). Over the past 5 years the exports of Ghana to Jamaica have increased at an annualized rate of 87%, from $2.86k in 2018 to $65.4k in 2023.

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

Jamaica-Ghana Trade: In 2023, Jamaica exported $24.2M to Ghana. The main products that Jamaica exported to Ghana were Aluminium Oxide ($24.1M), Fruit Juice ($17.3k), and Recovered Paper ($5.84k). Over the past 5 years the exports of Jamaica to Ghana have decreased at an annualized rate of 9.01%, from $38.7M in 2018 to $24.2M in 2023.

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

Comparison: In 2023, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B). 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, Ghana exported $65.4k to Jamaica. The main products exported from Ghana to Jamaica were Building Stone ($50.8k), Other Pure Vegetable Oils ($10.7k), and Non-Knit Women's Suits ($2k). During the last 5 years the exports of Ghana to Jamaica have increased at an annualized rate of 87%, from $2.86k in 2018 to $65.4k in 2023.

In 2018, Jamaica exported $24.2M to Ghana. The main products exported from Jamaica to Ghana were Aluminium Oxide ($24.1M), Fruit Juice ($17.3k), and Recovered Paper ($5.84k). During the last 5 years the exports of Jamaica to Ghana have decreased at an annualized rate of 9.01%, from $38.7M in 2023 to $24.2M in 2018.

Exports from Ghana () to Jamaica () (2023)

Exports from Jamaica () to Ghana () (2023)

Latest Data

Trade between Ghana () and Jamaica ()

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Jamaica
Top DestinationUnited States$709M

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

In 2023, countries that imported more from Ghana than Jamaica included Switzerland ($6.49B), United Arab Emirates ($4.93B), and India ($2.26B).

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

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

Comparative Advantage Ghana - Jamaica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Jamaica in the exports of Stone And Glass ($50.8k), Animal and Vegetable Bi-Products ($10.7k), and Textiles ($3.17k).

During 2018, Jamaica had a large net trade with Ghana in the exports of Chemical Products ($24.1M), Foodstuffs ($17.3k), and Machines ($6.91k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Jamaica+$16.6kCocoa Paste

Top Product Potential Jamaica Ghana+$3.69kRefined 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Jamaica () (2023)

Exports from Jamaica () to Ghana () (2023)

Latest Data

Trade between Ghana () and Jamaica ()

Ghana Exports

Market Competitiveness

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

Comparative Advantage Ghana - Jamaica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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