Jamaica (JAM) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Jamaica-Malaysia Trade: In 2023, Jamaica exported $2.57M to Malaysia. The main products that Jamaica exported to Malaysia were Copper Powder ($1.24M), Copper Foil ($392k), and Scrap Plastic ($267k). Over the past 5 years the exports of Jamaica to Malaysia have increased at an annualized rate of 20.7%, from $1M in 2018 to $2.57M in 2023.

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

Malaysia-Jamaica Trade: In 2023, Malaysia exported $18.8M to Jamaica. The main products that Malaysia exported to Jamaica were Malt Extract ($3.72M), Other Edible Preparations ($2.81M), and Legume Flours ($2.09M). Over the past 5 years the exports of Malaysia to Jamaica have decreased at an annualized rate of 1.24%, from $20M in 2018 to $18.8M in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Jamaica exported $2.57M to Malaysia. The main products exported from Jamaica to Malaysia were Copper Powder ($1.24M), Copper Foil ($392k), and Scrap Plastic ($267k). During the last 5 years the exports of Jamaica to Malaysia have increased at an annualized rate of 20.7%, from $1M in 2018 to $2.57M in 2023.

In 2018, Malaysia exported $18.8M to Jamaica. The main products exported from Malaysia to Jamaica were Malt Extract ($3.72M), Other Edible Preparations ($2.81M), and Legume Flours ($2.09M). During the last 5 years the exports of Malaysia to Jamaica have decreased at an annualized rate of 1.24%, from $20M in 2023 to $18.8M in 2018.

Exports from Jamaica () to Malaysia () (2023)

Exports from Malaysia () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Malaysia ()

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$709M

Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from Jamaica than Malaysia included Latvia ($131M), Iceland ($127M), and Guyana ($80.7M).

In 2023, countries that imported more from Malaysia than Jamaica included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

Comparative Advantage Jamaica - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Jamaica had a large net trade with Malaysia in the exports of Metals ($1.83M), Plastics and Rubbers ($458k), and Textiles ($89.7k).

During 2018, Malaysia had a large net trade with Jamaica in the exports of Foodstuffs ($6.81M), Machines ($3.21M), and Vegetable Products ($2.22M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Malaysia+$186kScrap Copper

Top Product Potential Malaysia Jamaica+$766kOther Furniture

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

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Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Malaysia () (2023)

Exports from Malaysia () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Malaysia ()

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Jamaica - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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