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2022
Flag → Flag
Exports $39.5MRnk 5 / 157
2022
Flag → Flag
Top Product $39.5MAluminium Oxide
2022
Flag → Flag
Exports $233Rnk 159 / 160
2022
Flag → Flag
Top Product $138Electric Heaters
2022
Flag
Economic Complexity (ECI) ECI -0.17Rnk 72 / 133
2022
Flag  
GDP$17.1BCURRENT US$
Rnk 125 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 135 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
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GDP PC $6,047CURRENT US$
Rnk 103 / 186
2012-2022
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GDP PC GROWTH12.7%CURRENT US$
Rnk 105 / 186
2022
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GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Jamaica-Iceland Trade: In 2022, Jamaica exported $39.5M to Iceland. The main products that Jamaica exported to Iceland were Aluminium Oxide ($39.5M), Cars ($34.1k), and Hard Liquor ($12.4k). Over the past 5 years the exports of Jamaica to Iceland have decreased at an annualized rate of 5.38%, from $52.1M in 2017 to $39.5M in 2022.

In 2022, Jamaica did not export any services to Iceland.

Iceland-Jamaica Trade: In 2022, Iceland exported $233 to Jamaica. The main products that Iceland exported to Jamaica were Electric Heaters ($138) and Refrigerators ($95). Over the past 5 years the exports of Iceland to Jamaica have decreased at an annualized rate of 71.8%,  from $131k in 2017 to $233 in 2022.

In 2022, Iceland did not export any services to Jamaica.

Comparison In 2022,  Jamaica ranked 72 in the Economic Complexity Index (ECI -0.17),  and 145 in total exports ($1.95B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Jamaica exported $39.5M to Iceland. The main products exported from Jamaica to Iceland were Aluminium Oxide ($39.5M), Cars ($34.1k), and Hard Liquor ($12.4k). During the last 5 years the exports of Jamaica to Iceland have decreased at an annualized rate of 5.38%, from $52.1M in 2017 to $39.5M in 2022.

In 2017, Iceland exported $233 to Jamaica. The main products exported from Iceland to Jamaica were Electric Heaters ($138) and Refrigerators ($95). During the last 5 years the exports of Iceland to Jamaica have decreased at an annualized rate of 71.8%, from $131k in 2022 to $233 in 2017.

Exports from Jamaica (Flag) to Iceland (Flag) (2022)

Exports from Iceland (Flag) to Jamaica (Flag) (2022)

Latest Data

Trade between Jamaica (Flag) and Iceland (Flag)

Iceland Exports

Market Competitiveness

Color
Jamaica
Top DestinationUnited States$1.11B
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Jamaica than Iceland included United States ($1.11B), Russia ($99.7M), and Barbados ($32.2M).

In 2022, countries that imported more from Iceland than Jamaica included Netherlands ($1.97B), United Kingdom ($672M), and Germany ($573M).

Difference in imports from Iceland (Flag) and Jamaica (Flag) (2022)

Comparative Advantage Jamaica - Iceland

Flow
Scale

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

During 2022, Jamaica had a large net trade with Iceland in the exports of Chemical Products ($39.5M), Transportation ($34.1k), and Foodstuffs ($12.6k).

During 2017, Iceland had a large net trade with Jamaica in the exports of Machines ($233).

Economic Complexity

Competitive Landscape

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

Product Space of Jamaica (Flag) and Iceland (Flag) (2022)

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