Latvia (LVA) and Jamaica (JAM) Trade | The Observatory of Economic Complexity

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Latvia-Jamaica Trade: In 2022, Latvia exported $90.7k to Jamaica. The main products that Latvia exported to Jamaica were Hard Liquor ($42.4k), Broadcasting Equipment ($10.6k), and Valves ($9.4k). Over the past 5 years the exports of Latvia to Jamaica have decreased at an annualized rate of 33.9%, from $719k in 2017 to $90.7k in 2022.

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

Jamaica-Latvia In N/A, Jamaica did not export any products to Latvia.

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

Comparison In 2022, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index. That same year, Jamaica ranked 72 in the Economic Complexity Index (ECI -0.17), and 145 in total exports ($1.95B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Latvia exported $90.7k to Jamaica. The main products exported from Latvia to Jamaica were Hard Liquor ($42.4k), Broadcasting Equipment ($10.6k), and Valves ($9.4k). During the last 5 years the exports of Latvia to Jamaica have decreased at an annualized rate of 33.9%, from $719k in 2017 to $90.7k in 2022.

Jamaica does not register exports to Latvia. The main products exported from Jamaica to Latvia were Aluminium Oxide ($33.2M), Scrap Plastic ($78.3k), and Other Inedible Animal Products ($68).

Exports from Latvia () to Jamaica () (2022)

Exports from Jamaica () to Latvia () (2022)

Latest Data

Trade between Latvia () and Jamaica ()

Latvia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Latvia
Top DestinationLithuania$4.09B

Jamaica
Top DestinationUnited States$1.11B

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

In 2022, countries that imported more from Latvia than Jamaica included Lithuania ($4.09B), Estonia ($2.26B), and Germany ($1.44B).

In 2022, countries that imported more from Jamaica than Latvia included United States ($1.11B), Barbados ($32.2M), and Guyana ($26.6M).

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

Comparative Advantage Latvia - Jamaica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Latvia had a large net trade with Jamaica in the exports of Foodstuffs ($42.4k), Machines ($23.5k), and Miscellaneous ($5.79k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Latvia Jamaica+$82.4kHard Liquor

Top Product Potential Jamaica Latvia+$9.25kScrap Plastic

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

About

Historical Data

Bilateral Trade by Products

Exports from Latvia () to Jamaica () (2022)

Exports from Jamaica () to Latvia () (2022)

Latest Data

Trade between Latvia () and Jamaica ()

Latvia Exports

Market Competitiveness

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

Comparative Advantage Latvia - Jamaica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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