Jamaica (JAM) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 () to Iceland () (2022)

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

Latest Data

Trade between Jamaica () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Jamaica () (2022)

Comparative Advantage Jamaica - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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).

Potential Exports

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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 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.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Jamaica () and Iceland ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Jamaica - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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