Jamaica (JAM) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Jamaica-Italy Trade: In 2023, Jamaica exported $5.35M to Italy. The main products that Jamaica exported to Italy were Hard Liquor ($2.95M), Refined Petroleum ($1.22M), and Coffee ($283k). Over the past 5 years the exports of Jamaica to Italy have decreased at an annualized rate of 23.1%, from $19.9M in 2018 to $5.35M in 2023.

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

Italy-Jamaica Trade: In 2023, Italy exported $57.7M to Jamaica. The main products that Italy exported to Jamaica were Washing and Bottling Machines ($13.7M), Other Pure Vegetable Oils ($4.55M), and Large Iron Containers ($3.29M). Over the past 5 years the exports of Italy to Jamaica have increased at an annualized rate of 5.67%, from $43.8M in 2018 to $57.7M in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Jamaica exported $5.35M to Italy. The main products exported from Jamaica to Italy were Hard Liquor ($2.95M), Refined Petroleum ($1.22M), and Coffee ($283k). During the last 5 years the exports of Jamaica to Italy have decreased at an annualized rate of 23.1%, from $19.9M in 2018 to $5.35M in 2023.

In 2018, Italy exported $57.7M to Jamaica. The main products exported from Italy to Jamaica were Washing and Bottling Machines ($13.7M), Other Pure Vegetable Oils ($4.55M), and Large Iron Containers ($3.29M). During the last 5 years the exports of Italy to Jamaica have increased at an annualized rate of 5.67%, from $43.8M in 2023 to $57.7M in 2018.

Exports from Jamaica () to Italy () (2023)

Exports from Italy () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Italy ()

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$709M

Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Jamaica than Italy included Barbados ($46.1M), Haiti ($32.1M), and Guyana ($80.7M).

In 2023, countries that imported more from Italy than Jamaica included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Comparative Advantage Jamaica - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Jamaica had a large net trade with Italy in the exports of Foodstuffs ($2.96M), Mineral Products ($1.22M), and Vegetable Products ($581k).

During 2018, Italy had a large net trade with Jamaica in the exports of Machines ($27.5M), Metals ($5.78M), and Foodstuffs ($5.74M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Italy+$3.17MRefined Petroleum

Top Product Potential Italy Jamaica+$2.9MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Italy () (2023)

Exports from Italy () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Italy ()

Italy Exports

Market Competitiveness

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

Comparative Advantage Jamaica - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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