Flag Mexico / Jamaica Flag

Exports Flag β†’ Flag  (2018): $109M, Rnk 69 / 196

Top Product Flag β†’ Flag (2018): $21.3M, Crude Petroleum

Exports Flag β†’ Flag (2018): $1.76M, Rnk 30 / 98

Top Product Flag β†’ Flag (2018): $1.13M, Hard Liquor

Economic Complexity of Flag (2018): ECI 1.13, Rnk 21 / 137

Economic Complexity of Flag (2018): ECI -0.25, Rnk 79 / 137

GDP Flag (2018): $1.22T, CURRENT US$
Rnk 15 / 196

GDP GROWTH Flag (2008-2018): 9.97%, CURRENT US$
Rnk 144 / 196

GDP Flag (2018): $15.7B, CURRENT US$
Rnk 121 / 196

GDP GROWTH Flag (2008-2018): 14.9%, CURRENT US$
Rnk 135 / 196

GDP PC Flag (2018): $9,673, CURRENT US$
Rnk 79 / 196

GDP PC GROWTH Flag (2008-2018): -3.43%, CURRENT US$
Rnk 159 / 196

GDP PC Flag (2018): $5,354, CURRENT US$
Rnk 107 / 196

GDP PC GROWTH Flag (2008-2018): 8.88%, CURRENT US$
Rnk 126 / 196

Mexico-Jamaica: In 2018, Mexico exported $109M to Jamaica. The main products exported from Mexico to Jamaica were Crude Petroleum ($21.3M), Cars ($6.31M), and Iron Stovetops ($5.7M). During the last 23 years the exports of Mexico to Jamaica have increased at an annualized rate of 3.47%, from $50M in 1995 to $109M in 2018.

Jamaica-Mexico: In 2018, Jamaica exported $1.76M to Mexico. The main products exported from Jamaica to Mexico were Hard Liquor ($1.13M), Recovered Paper ($392k), and Interchangeable Tool Parts ($42k). During the last 23 years the exports of Jamaica to Mexico have decreased at an annualized rate of 3.84%, from $4.32M in 1995 to $1.76M in 2018.

Comparison: In 2018, Mexico ranked 21 in the Economic Complexity Index (ECI 1.13), and 11 in total exports ($441B). That same year, Jamaica ranked 79 in the Economic Complexity Index (ECI -0.25), and 143 in total exports ($1.25B). In terms of GDP Per Capita, Mexico was ranked 79 with a GDP Per Capita of $9,673, and Jamaica was ranked 107 with a GDP Per Capita of $5,354.

Bilateral Trade by Products

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Depth
Value

In 2018, Mexico exported $109M to Jamaica. The main products exported from Mexico to Jamaica were Crude Petroleum ($21.3M), Cars ($6.31M), and Iron Stovetops ($5.7M). During the last 23 years the exports of Mexico to Jamaica have increased at an annualized rate of 3.47%, from $50M in 1995 to $109M in 2018.

In 2018, Jamaica exported $1.76M to Mexico. The main products exported from Jamaica to Mexico were Hard Liquor ($1.13M), Recovered Paper ($392k), and Interchangeable Tool Parts ($42k). During the last 23 years the exports of Jamaica to Mexico have decreased at an annualized rate of 3.84%, from $4.32M in 1995 to $1.76M in 2018.

Market Competitiveness

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Measure

Mexico
Top Destination
: United States, $340B

Jamaica
Top Destination
: United States, $336M

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

In 2018, countries that imported more from Mexico than Jamaica were United States ($340B), Canada ($18.3B), and Germany ($7.83B).

In 2018, countries that imported more from Jamaica than Mexico were Iceland ($91.1M) and Antigua and Barbuda ($8.99M).

Comparative Advantage Mexico - Jamaica

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Depth

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

During 2018, Mexico had a large net trade with Jamaica in the exports of Mineral Products ($23.6M), Machines ($17M), and Metals ($14.3M).

During 2018, Jamaica had a large net trade with Mexico in the exports of Foodstuffs ($1.16M), Paper Goods ($392k), and Machines ($86.2k).

Tariff Section

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This sections shows import tariffs for products traded between Mexico and Jamaica (using the HS6 product classification and the last year reported).

In 2017, the products from Mexico that paid the highest import tariffs to enter Jamaica were Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, fresh or chilled (75%) and Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, frozen (75%).

In 2016, the products from Jamaica that paid the highest import tariffs to enter Mexico were Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, fresh or chilled (100%) and Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, frozen (100%).

Explore Tariff Data

*The tariffs present between Mexico and Jamaica are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Mexico and Jamaica. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Mexico has comparative advantage over Jamaica. Similarly, the more red a dot/product is, the more Jamaica has comparative advantage over Mexico.