Jamaica (JAM) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Jamaica-Mongolia Trade: In 2022, Jamaica exported $35.2k to Mongolia. The main products that Jamaica exported to Mongolia were Hard Liquor ($30.7k) and Cars ($4.44k). Over the past 5 years the exports of Jamaica to Mongolia have increased at an annualized rate of 117%, from $725 in 2017 to $35.2k in 2022.

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

Mongolia-Jamaica In false, Mongolia did not export any products to Jamaica.

In 2022, Mongolia 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, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Jamaica exported $35.2k to Mongolia. The main products exported from Jamaica to Mongolia were Hard Liquor ($30.7k) and Cars ($4.44k). During the last 5 years the exports of Jamaica to Mongolia have increased at an annualized rate of 117%, from $725 in 2017 to $35.2k in 2022.

Mongolia does not register exports to Jamaica.

Exports from Jamaica () to Mongolia () (2022)

Exports from Mongolia () to Jamaica () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$1.11B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Jamaica than Mongolia included United States ($1.11B), Canada ($81M), and United Kingdom ($70.8M).

In 2022, countries that imported more from Mongolia than Jamaica included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

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

Comparative Advantage Jamaica - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Jamaica had a large net trade with Mongolia in the exports of Foodstuffs ($30.7k) and Transportation ($4.44k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Mongolia+$46.1kHard Liquor

Top Product Potential Mongolia Jamaica+$2.13kCrude Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Mongolia () (2022)

Exports from Mongolia () to Jamaica () (2022)

Market Competitiveness

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

Comparative Advantage Jamaica - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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