NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $48.1MRnk 107 / 142
2023
Flag → Flag
Top Product $25.2MCars
2023
Flag → Flag
Exports $395kRnk 76 / 150
2023
Flag → Flag
Top Product $305kCoffee
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.14Rnk 70 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP$19.4BCURRENT US$
Rnk 124 / 195
2013-2023
Flag
GDP GROWTH36.2%CURRENT US$
Rnk 101 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$6,840CURRENT US$
Rnk 105 / 196
2013-2023
Flag
GDP PC GROWTH33.5%CURRENT US$
Rnk 72 / 195

About

South Korea-Jamaica Trade: In 2023, South Korea exported $48.1M to Jamaica. The main products that South Korea exported to Jamaica were Cars ($25.2M), Electric Batteries ($4.77M), and Rubber Tires ($3.88M). Over the past 5 years the exports of South Korea to Jamaica have increased at an annualized rate of 2.39%, from $42.8M in 2018 to $48.1M in 2023.

In 2023, South Korea did not export any services to Jamaica.

Jamaica-South Korea Trade: In 2023, Jamaica exported $395k to South Korea. The main products that Jamaica exported to South Korea were Coffee ($305k), Hard Liquor ($42.2k), and Industrial Fatty Acids, Oils and Alcohols ($36.7k). Over the past 5 years the exports of Jamaica to South Korea have decreased at an annualized rate of 35.7%,  from $3.6M in 2018 to $395k in 2023.

In 2023, Jamaica did not export any services to South Korea.

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Jamaica ranked 70 in the Economic Complexity Index (ECI -0.14), and 147 in total exports ($1.89B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $2.58M and imported $0 from Jamaica, resulting in a positive trade balance of $2.58M. Between December 2023 and December 2024 the exports of South Korea have decreased by $-3.6M (-58.2%) from $6.18M to $2.58M, while imports remained the same by $0 (N/A%) from $0 to $0.

Trade In December 2024, the top exports of South Korea to Jamaica were Cars, tractors, trucks & parts thereof. ($2.32M), Electrical machinery and electronics ($371k), Machinery, mechanical appliances, & parts ($265k), Iron/Steel Articles ($92k), and Plastics & articles thereof ($62k). In December 2024 the top imports of South Korea from Jamaica were Beverages, spirits, & vinegar ($6k), Coffee, tea, mate & spices ($0), Mineral fuels, mineral oils and products... ($0), Organic chemicals ($0), and Pharmaceutical products ($0).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Jamaica was explained primarily by an decrease in product exports in Chemical products n.e.s. ($-288k or -90.3%), Soap, cleaners, candles, dental, modelling pastes ($-89k or -97.8%), and Plastics & articles thereof ($-89k or -58.9%). In December 2024, the change in South Korea's year-by-year imports  from Jamaica was explained primarily by an decrease in product imports  in Electrical machinery and electronics ($-93k or -100%) and Coffee, tea, mate & spices ($-15k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-3.6M(-58.2%)
IMPORT GROWTH (December 2023 - December 2024)$0(N/A%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Jamaica and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Jamaica and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $48.1M to Jamaica. The main products exported from South Korea to Jamaica were Cars ($25.2M), Electric Batteries ($4.77M), and Rubber Tires ($3.88M). During the last 5 years the exports of South Korea to Jamaica have increased at an annualized rate of 2.39%, from $42.8M in 2018 to $48.1M in 2023.

In 2018, Jamaica exported $395k to South Korea. The main products exported from Jamaica to South Korea were Coffee ($305k), Hard Liquor ($42.2k), and Industrial Fatty Acids, Oils and Alcohols ($36.7k). During the last 5 years the exports of Jamaica to South Korea have decreased at an annualized rate of 35.7%, from $3.6M in 2023 to $395k in 2018.

Exports from South Korea (Flag) to Jamaica (Flag) (2023)

Exports from Jamaica (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Jamaica
Top DestinationUnited States$709M

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

In 2023, countries that imported more from South Korea than Jamaica included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Jamaica than South Korea included Russia ($138M), Latvia ($131M), and Iceland ($127M).

Difference in imports from Jamaica (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Jamaica

Flow
Scale

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

During 2023, South Korea had a large net trade with Jamaica in the exports of Transportation ($27.8M), Machines ($7.08M), and Plastics and Rubbers ($6.72M).

During 2018, Jamaica had a large net trade with South Korea in the exports of Vegetable Products ($305k), Foodstuffs ($42.2k), and Chemical Products ($36.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Jamaica+$9.87MCars
Top Product Potential Jamaica South Korea+$693kScrap Copper

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Jamaica. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Jamaica. Similarly, a dot/product with the flag of Jamaica indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Jamaica (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms