Flag Jamaica / Belize Flag

Exports FlagFlag  (2018): $5.12M, Rnk 22 / 98

Top Product FlagFlag (2018): $1.03M, Hard Liquor

Exports FlagFlag (2018): $14.9M, Rnk 4 / 104

Top Product FlagFlag (2018): $8.76M, Fruit Juice

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

Jamaica-Belize: In 2018, Jamaica exported $5.12M to Belize. The main products exported from Jamaica to Belize were Hard Liquor ($1.03M), Nonaqueous Paints ($607k), and Sausages ($541k). During the last 23 years the exports of Jamaica to Belize have increased at an annualized rate of 0.57%, from $4.5M in 1995 to $5.12M in 2018.

Belize-Jamaica: In 2018, Belize exported $14.9M to Jamaica. The main products exported from Belize to Jamaica were Fruit Juice ($8.76M), Dried Legumes ($3.64M), and Cereal Meal and Pellets ($1.01M). During the last 23 years the exports of Belize to Jamaica have increased at an annualized rate of 9.05%, from $2.03M in 1995 to $14.9M in 2018.

Comparison: In 2018, Jamaica ranked 79 in the Economic Complexity Index (ECI -0.25), and 143 in total exports ($1.25B). That same year, Belize ranked 166 in total exports ($354M), and does not have data regarding Economic Complexity Index. N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Jamaica exported $5.12M to Belize. The main products exported from Jamaica to Belize were Hard Liquor ($1.03M), Nonaqueous Paints ($607k), and Sausages ($541k). During the last 23 years the exports of Jamaica to Belize have increased at an annualized rate of 0.57%, from $4.5M in 1995 to $5.12M in 2018.

In 2018, Belize exported $14.9M to Jamaica. The main products exported from Belize to Jamaica were Fruit Juice ($8.76M), Dried Legumes ($3.64M), and Cereal Meal and Pellets ($1.01M). During the last 23 years the exports of Belize to Jamaica have increased at an annualized rate of 9.05%, from $2.03M in 1995 to $14.9M in 2018.

Market Competitiveness

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Measure

Jamaica
Top Destination
: United States, $336M

Belize
Top Destination
: United Kingdom, $98.6M

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

In 2018, countries that imported more from Jamaica than Belize were United States ($336M), Norway ($149M), and Germany ($125M).

In 2018, countries that imported more from Belize than Jamaica were United Kingdom ($98.6M), Spain ($26.6M), and Ireland ($12.9M).

Comparative Advantage Jamaica - Belize

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Depth

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

During 2018, Jamaica had a large net trade with Belize in the exports of Foodstuffs ($3.18M), Chemical Products ($1.53M), and Instruments ($88.5k).

During 2018, Belize had a large net trade with Jamaica in the exports of Foodstuffs ($8.77M), Vegetable Products ($4.87M), and Animal Products ($599k).

Tariff Section

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

In 2016, the products from Jamaica that paid the highest import tariffs to enter Belize 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%).

In 2018, the products from Belize that paid the highest import tariffs to enter Jamaica were Mineral and aerated waters not sweetened or flavoured (70%) and Ice, snow and potable water not sweetened or flavoure (70%).

Explore Tariff Data

*The tariffs present between Jamaica and Belize are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Jamaica and Belize. 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 Jamaica has comparative advantage over Belize. Similarly, the more red a dot/product is, the more Belize has comparative advantage over Jamaica.