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2023
Flag → Flag
Exports $127MRnk 4 / 150
2023
Flag → Flag
Top Product $127MAluminium Oxide
2023
Flag → Flag
Exports $8.59kRnk 144 / 157
2023
Flag → Flag
Top Product $5.67kCars
2023
Flag
Economic Complexity (ECI) ECI -0.14Rnk 70 / 132
2023
Flag  
GDP$19.4BCURRENT US$
Rnk 124 / 195
2013-2023
Flag
GDP GROWTH36.2%CURRENT US$
Rnk 101 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC $6,840CURRENT US$
Rnk 105 / 195
2013-2023
Flag
GDP PC GROWTH33.5%CURRENT US$
Rnk 72 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Jamaica-Iceland Trade: In 2023, Jamaica exported $127M to Iceland. The main products that Jamaica exported to Iceland were Aluminium Oxide ($127M), Hard Liquor ($17.3k), and Office Machine Parts ($331). Over the past 5 years the exports of Jamaica to Iceland have increased at an annualized rate of 5.94%, from $95.1M in 2018 to $127M in 2023.

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

Iceland-Jamaica Trade: In 2023, Iceland exported $8.59k to Jamaica. The main products that Iceland exported to Jamaica were Cars ($5.67k), Scales ($2.31k), and Other Footwear ($498). Over the past 5 years the exports of Iceland to Jamaica have decreased at an annualized rate of 42.1%,  from $132k in 2018 to $8.59k in 2023.

In 2023, Iceland 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, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Jamaica exported $127M to Iceland. The main products exported from Jamaica to Iceland were Aluminium Oxide ($127M), Hard Liquor ($17.3k), and Office Machine Parts ($331). During the last 5 years the exports of Jamaica to Iceland have increased at an annualized rate of 5.94%, from $95.1M in 2018 to $127M in 2023.

In 2018, Iceland exported $8.59k to Jamaica. The main products exported from Iceland to Jamaica were Cars ($5.67k), Scales ($2.31k), and Other Footwear ($498). During the last 5 years the exports of Iceland to Jamaica have decreased at an annualized rate of 42.1%, from $132k in 2023 to $8.59k in 2018.

Exports from Jamaica (Flag) to Iceland (Flag) (2023)

Exports from Iceland (Flag) to Jamaica (Flag) (2023)

Latest Data

Trade between Jamaica (Flag) and Iceland (Flag)

Iceland Exports

Market Competitiveness

Color
Jamaica
Top DestinationUnited States$709M
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 2023, countries that imported more from Jamaica than Iceland included Russia ($138M), Latvia ($131M), and Guyana ($80.7M).

In 2023, countries that imported more from Iceland than Jamaica included Netherlands ($1.97B), Germany ($771M), and United Kingdom ($607M).

Difference in imports from Iceland (Flag) and Jamaica (Flag) (2023)

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 2023, Jamaica had a large net trade with Iceland in the exports of Chemical Products ($127M), Foodstuffs ($17.3k), and Vegetable Products ($522).

During 2018, Iceland had a large net trade with Jamaica in the exports of Transportation ($5.67k), Machines ($2.31k), and Footwear and Headwear ($498).

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) (2023)

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