Jamaica (JAM) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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Jamaica-Mexico Trade: In 2022, Jamaica exported $5.32M to Mexico. The main products that Jamaica exported to Mexico were Petroleum Gas ($4.44M), Hard Liquor ($498k), and Medical Instruments ($136k). Over the past 5 years the exports of Jamaica to Mexico have decreased at an annualized rate of 11.6%, from $9.84M in 2017 to $5.32M in 2022.

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

Mexico-Jamaica Trade: In 2022, Mexico exported $126M to Jamaica. The main products that Mexico exported to Jamaica were Molasses ($14.6M), Refrigerators ($6.79M), and Hard Liquor ($6.58M). Over the past 5 years the exports of Mexico to Jamaica have decreased at an annualized rate of 7.82%, from $222M in 2017 to $126M in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Jamaica exported $5.32M to Mexico. The main products exported from Jamaica to Mexico were Petroleum Gas ($4.44M), Hard Liquor ($498k), and Medical Instruments ($136k). During the last 5 years the exports of Jamaica to Mexico have decreased at an annualized rate of 11.6%, from $9.84M in 2017 to $5.32M in 2022.

In 2017, Mexico exported $126M to Jamaica. The main products exported from Mexico to Jamaica were Molasses ($14.6M), Refrigerators ($6.79M), and Hard Liquor ($6.58M). During the last 5 years the exports of Mexico to Jamaica have decreased at an annualized rate of 7.82%, from $222M in 2022 to $126M in 2017.

Exports from Jamaica () to Mexico () (2022)

Exports from Mexico () to Jamaica () (2022)

Latest Data

Trade between Jamaica () and Mexico ()

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$1.11B

Mexico
Top DestinationUnited States$421B

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

In 2022, countries that imported more from Jamaica than Mexico included Russia ($99.7M), Cayman Islands ($26.5M), and Antigua and Barbuda ($26.1M).

In 2022, countries that imported more from Mexico than Jamaica included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Comparative Advantage Jamaica - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Jamaica had a large net trade with Mexico in the exports of Mineral Products ($4.45M), Foodstuffs ($498k), and Instruments ($136k).

During 2017, Mexico had a large net trade with Jamaica in the exports of Foodstuffs ($32.7M), Machines ($28.4M), and Chemical Products ($20.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Mexico+$6.68MPetroleum Gas

Top Product Potential Mexico Jamaica+$7.11MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Mexico () (2022)

Exports from Mexico () to Jamaica () (2022)

Latest Data

Trade between Jamaica () and Mexico ()

Mexico Exports

Market Competitiveness

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

Comparative Advantage Jamaica - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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