Flag Sweden / Jamaica Flag

Exports Flag β†’ Flag  (2018): $34.8M, Rnk 96 / 211

Top Product Flag β†’ Flag (2018): $31.9M, Electric Generating Sets

Exports Flag β†’ Flag (2018): $230k, Rnk 55 / 98

Top Product Flag β†’ Flag (2018): $164k, Hard Liquor

Economic Complexity of Flag (2018): ECI 1.66, Rnk 7 / 137

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

GDP Flag (2018): $556B, CURRENT US$
Rnk 22 / 196

GDP GROWTH Flag (2008-2018): 7.89%, CURRENT US$
Rnk 149 / 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): $54,608, CURRENT US$
Rnk 13 / 196

GDP PC GROWTH Flag (2008-2018): -2.32%, CURRENT US$
Rnk 155 / 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

Sweden-Jamaica: In 2018, Sweden exported $34.8M to Jamaica. The main products exported from Sweden to Jamaica were Electric Generating Sets ($31.9M), Computers ($926k), and Hard Liquor ($319k). During the last 23 years the exports of Sweden to Jamaica have increased at an annualized rate of 9.15%, from $4.64M in 1995 to $34.8M in 2018.

Jamaica-Sweden: In 2018, Jamaica exported $230k to Sweden. The main products exported from Jamaica to Sweden were Hard Liquor ($164k), Beer ($34k), and Wood Barrels ($16.6k). During the last 23 years the exports of Jamaica to Sweden have decreased at an annualized rate of 18.9%, from $28.8M in 1995 to $230k in 2018.

Comparison: In 2018, Sweden ranked 7 in the Economic Complexity Index (ECI 1.66), and 32 in total exports ($162B). 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, Sweden was ranked 13 with a GDP Per Capita of $54,608, 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, Sweden exported $34.8M to Jamaica. The main products exported from Sweden to Jamaica were Electric Generating Sets ($31.9M), Computers ($926k), and Hard Liquor ($319k). During the last 23 years the exports of Sweden to Jamaica have increased at an annualized rate of 9.15%, from $4.64M in 1995 to $34.8M in 2018.

In 2018, Jamaica exported $230k to Sweden. The main products exported from Jamaica to Sweden were Hard Liquor ($164k), Beer ($34k), and Wood Barrels ($16.6k). During the last 23 years the exports of Jamaica to Sweden have decreased at an annualized rate of 18.9%, from $28.8M in 1995 to $230k in 2018.

Market Competitiveness

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Measure

Sweden
Top Destination
: Germany, $17.4B

Jamaica
Top Destination
: United States, $336M

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

In 2018, countries that imported more from Sweden than Jamaica were Germany ($17.4B), Norway ($15.2B), and Denmark ($11.2B).

In 2018, countries that imported more from Jamaica than Sweden were Guyana ($9.5M), Antigua and Barbuda ($8.99M), and Suriname ($7.77M).

Comparative Advantage Sweden - Jamaica

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Depth

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

During 2018, Sweden had a large net trade with Jamaica in the exports of Machines ($33.9M), Foodstuffs ($319k), and Instruments ($181k).

During 2018, Jamaica had a large net trade with Sweden in the exports of Foodstuffs ($197k), Wood Products ($16.6k), and Machines ($14.5k).

Tariff Section

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

In 2017, the products from Sweden that paid the highest import tariffs to enter Jamaica were Grape wines, alcoholic grape must nes (15.2%) and Wine; still, in containers holding more than 2 litres but not more than 10 litres (5.08%).

In 2016, the products from Jamaica that paid the highest import tariffs to enter Sweden 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 Sweden and Jamaica are:
109: Caribbean Forum (CARIFORUM) - European Union Economic Partnership Agreements (EPA)
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Sweden 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 Sweden has comparative advantage over Jamaica. Similarly, the more red a dot/product is, the more Jamaica has comparative advantage over Sweden.