Vietnam (VNM) and Jamaica (JAM) Trade | The Observatory of Economic Complexity

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Vietnam-Jamaica Trade: In 2023, Vietnam exported $17.8M to Jamaica. The main products that Vietnam exported to Jamaica were Processed Fish ($4.29M), Other Furniture ($2.58M), and Tissue ($1.63M). Over the past 5 years the exports of Vietnam to Jamaica have increased at an annualized rate of 5.34%, from $13.7M in 2018 to $17.8M in 2023.

In 2023, Vietnam did not export any services to Jamaica.

Jamaica-Vietnam Trade: In 2023, Jamaica exported $63.3k to Vietnam. The main products that Jamaica exported to Vietnam were Glues ($32.4k), Vinyl Chloride Polymers ($16.2k), and Plastic Lids ($12.1k). Over the past 5 years the exports of Jamaica to Vietnam have decreased at an annualized rate of 49.6%, from $1.94M in 2018 to $63.3k in 2023.

In 2023, Jamaica did not export any services to Vietnam.

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, Jamaica ranked 70 in the Economic Complexity Index (ECI -0.14), and 147 in total exports ($1.89B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Vietnam exported $17.8M to Jamaica. The main products exported from Vietnam to Jamaica were Processed Fish ($4.29M), Other Furniture ($2.58M), and Tissue ($1.63M). During the last 5 years the exports of Vietnam to Jamaica have increased at an annualized rate of 5.34%, from $13.7M in 2018 to $17.8M in 2023.

In 2018, Jamaica exported $63.3k to Vietnam. The main products exported from Jamaica to Vietnam were Glues ($32.4k), Vinyl Chloride Polymers ($16.2k), and Plastic Lids ($12.1k). During the last 5 years the exports of Jamaica to Vietnam have decreased at an annualized rate of 49.6%, from $1.94M in 2023 to $63.3k in 2018.

Exports from Vietnam () to Jamaica () (2023)

Exports from Jamaica () to Vietnam () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Jamaica
Top DestinationUnited States$709M

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

In 2023, countries that imported more from Vietnam than Jamaica included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Jamaica than Vietnam included Russia ($138M), Guyana ($80.7M), and Iceland ($127M).

Difference in imports from Jamaica () and Vietnam () (2023)

Comparative Advantage Vietnam - Jamaica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Jamaica in the exports of Foodstuffs ($5.42M), Miscellaneous ($2.93M), and Machines ($2.83M).

During 2018, Jamaica had a large net trade with Vietnam in the exports of Chemical Products ($32.6k), Plastics and Rubbers ($28.2k), and Machines ($2.09k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Jamaica+$1.77MOther Furniture

Top Product Potential Jamaica Vietnam+$60.3kRecovered Paper

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

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Jamaica () (2023)

Exports from Jamaica () to Vietnam () (2023)

Market Competitiveness

Difference in imports from Jamaica () and Vietnam () (2023)

Comparative Advantage Vietnam - Jamaica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Jamaica () (2023)

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