Jamaica (JAM) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Jamaica-Finland Trade: In 2023, Jamaica exported $1.56M to Finland. The main products that Jamaica exported to Finland were Hard Liquor ($1.51M), Wrenches ($5.98k), and Pepper ($5.3k). Over the past 5 years the exports of Jamaica to Finland have increased at an annualized rate of 2.62%, from $1.37M in 2018 to $1.56M in 2023.

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

Finland-Jamaica Trade: In 2023, Finland exported $3.13M to Jamaica. The main products that Finland exported to Jamaica were Engine Parts ($691k), Stone Processing Machines ($520k), and Kaolin Coated Paper ($303k). Over the past 5 years the exports of Finland to Jamaica have increased at an annualized rate of 5.78%, from $2.37M in 2018 to $3.13M in 2023.

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

Comparison: In 2023, Jamaica ranked 70 in the Economic Complexity Index (ECI -0.14), and 147 in total exports ($1.89B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Jamaica exported $1.56M to Finland. The main products exported from Jamaica to Finland were Hard Liquor ($1.51M), Wrenches ($5.98k), and Pepper ($5.3k). During the last 5 years the exports of Jamaica to Finland have increased at an annualized rate of 2.62%, from $1.37M in 2018 to $1.56M in 2023.

In 2018, Finland exported $3.13M to Jamaica. The main products exported from Finland to Jamaica were Engine Parts ($691k), Stone Processing Machines ($520k), and Kaolin Coated Paper ($303k). During the last 5 years the exports of Finland to Jamaica have increased at an annualized rate of 5.78%, from $2.37M in 2023 to $3.13M in 2018.

Exports from Jamaica () to Finland () (2023)

Exports from Finland () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Finland ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$709M

Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Jamaica than Finland included Guyana ($80.7M), Barbados ($46.1M), and Cayman Islands ($36.4M).

In 2023, countries that imported more from Finland than Jamaica included Germany ($9.26B), United States ($9.68B), and Sweden ($8.13B).

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

Comparative Advantage Jamaica - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Jamaica had a large net trade with Finland in the exports of Foodstuffs ($1.51M), Machines ($14.8k), and Metals ($13.2k).

During 2018, Finland had a large net trade with Jamaica in the exports of Machines ($2.02M), Paper Goods ($784k), and Metals ($120k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Finland+$701kPetroleum Gas

Top Product Potential Finland Jamaica+$322kTelephones

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 Jamaica and Finland. This means that a dot/product with the flag of Jamaica indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Jamaica.

About

Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Finland () (2023)

Exports from Finland () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Finland ()

Finland Exports

Market Competitiveness

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

Comparative Advantage Jamaica - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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