Jamaica (JAM) and Hungary (HUN) Trade | The Observatory of Economic Complexity

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Jamaica-Hungary Trade: In 2023, Jamaica exported $265 to Hungary. The main products that Jamaica exported to Hungary were Hydrometers ($140), Tea ($123), and Other Printed Material ($2). Over the past 5 years the exports of Jamaica to Hungary have decreased at an annualized rate of 4.58%, from $335 in 2018 to $265 in 2023.

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

Hungary-Jamaica Trade: In 2023, Hungary exported $14.8M to Jamaica. The main products that Hungary exported to Jamaica were Packaged Medicaments ($7.5M), Cars ($3.03M), and Plastic Lids ($1.22M). Over the past 5 years the exports of Hungary to Jamaica have decreased at an annualized rate of 6.66%, from $20.9M in 2018 to $14.8M in 2023.

In 2023, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Jamaica exported $265 to Hungary. The main products exported from Jamaica to Hungary were Hydrometers ($140), Tea ($123), and Other Printed Material ($2). During the last 5 years the exports of Jamaica to Hungary have decreased at an annualized rate of 4.58%, from $335 in 2018 to $265 in 2023.

In 2018, Hungary exported $14.8M to Jamaica. The main products exported from Hungary to Jamaica were Packaged Medicaments ($7.5M), Cars ($3.03M), and Plastic Lids ($1.22M). During the last 5 years the exports of Hungary to Jamaica have decreased at an annualized rate of 6.66%, from $20.9M in 2023 to $14.8M in 2018.

Exports from Jamaica () to Hungary () (2023)

Exports from Hungary () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Hungary ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$709M

Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Jamaica than Hungary included Guyana ($80.7M), Iceland ($127M), and Barbados ($46.1M).

In 2023, countries that imported more from Hungary than Jamaica included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

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

Comparative Advantage Jamaica - Hungary

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Jamaica had a large net trade with Hungary in the exports of Instruments ($140), Vegetable Products ($123), and Paper Goods ($2).

During 2018, Hungary had a large net trade with Jamaica in the exports of Chemical Products ($8.71M), Transportation ($3.23M), and Plastics and Rubbers ($1.23M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Hungary+$9.2kTelephones

Top Product Potential Hungary Jamaica+$3.6MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Hungary () (2023)

Exports from Hungary () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Hungary ()

Hungary Exports

Market Competitiveness

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

Comparative Advantage Jamaica - Hungary

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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