Flag United States / Jamaica Flag

Exports Flag β†’ Flag  (2018): $2.03B, Rnk 61 / 215

Top Product Flag β†’ Flag (2018): $806M, Refined Petroleum

Exports Flag β†’ Flag (2018): $336M, Rnk 1 / 98

Top Product Flag β†’ Flag (2018): $86.1M, Aluminium Oxide

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

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

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 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): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 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

United States-Jamaica: In 2018, United States exported $2.03B to Jamaica. The main products exported from United States to Jamaica were Refined Petroleum ($806M), Sodium or Potassium Peroxides ($167M), and Petroleum Gas ($58.3M). During the last 23 years the exports of United States to Jamaica have increased at an annualized rate of 1.81%, from $1.34B in 1995 to $2.03B in 2018.

Jamaica-United States: In 2018, Jamaica exported $336M to United States. The main products exported from Jamaica to United States were Aluminium Oxide ($86.1M), Aluminium Ore ($69.9M), and Other Processed Fruits and Nuts ($31.6M). During the last 23 years the exports of Jamaica to United States have decreased at an annualized rate of 3.92%, from $841M in 1995 to $336M in 2018.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). 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, United States was ranked 10 with a GDP Per Capita of $62,795, 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, United States exported $2.03B to Jamaica. The main products exported from United States to Jamaica were Refined Petroleum ($806M), Sodium or Potassium Peroxides ($167M), and Petroleum Gas ($58.3M). During the last 23 years the exports of United States to Jamaica have increased at an annualized rate of 1.81%, from $1.34B in 1995 to $2.03B in 2018.

In 2018, Jamaica exported $336M to United States. The main products exported from Jamaica to United States were Aluminium Oxide ($86.1M), Aluminium Ore ($69.9M), and Other Processed Fruits and Nuts ($31.6M). During the last 23 years the exports of Jamaica to United States have decreased at an annualized rate of 3.92%, from $841M in 1995 to $336M in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Jamaica
Top Destination
: United States, $336M

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

In 2018, countries that imported more from United States than Jamaica were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, no countries were registered that imported more from Jamaica than from United States.

Comparative Advantage United States - Jamaica

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Depth

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

During 2018, United States had a large net trade with Jamaica in the exports of Mineral Products ($874M), Chemical Products ($264M), and Foodstuffs ($195M).

During 2018, Jamaica had a large net trade with United States in the exports of Foodstuffs ($134M), Chemical Products ($88M), and Mineral Products ($74.8M).

Tariff Section

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

In 2018, the products from United States that paid the highest import tariffs to enter Jamaica were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

In 2016, the products from Jamaica that paid the highest import tariffs to enter United States 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%).

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*The tariffs present between United States and Jamaica are:
110: CBERA Caribbean Basin Economic Recovery Act
110: CBERA Caribbean Basin Economic Recovery Act
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
385: United States - Caribbean Basin Trade Partnership Act (CBTPA)
385: United States - Caribbean Basin Trade Partnership Act (CBTPA)
388: United States Generalized System of Preference

Trade Forecasts

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This section shows a forecast for total trade between United States 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.

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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 United States has comparative advantage over Jamaica. Similarly, the more red a dot/product is, the more Jamaica has comparative advantage over United States.