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2023
Flag → Flag
Exports $37.6MRnk 138 / 220
2023
Flag → Flag
Top Product $12.2MOther Frozen Vegetables
2023
Flag → Flag
Exports $551kRnk 68 / 150
2023
Flag → Flag
Top Product $181kCoffee
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.14Rnk 70 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$19.4BCURRENT US$
Rnk 124 / 195
2013-2023
Flag
GDP GROWTH36.2%CURRENT US$
Rnk 101 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$6,840CURRENT US$
Rnk 105 / 196
2013-2023
Flag
GDP PC GROWTH33.5%CURRENT US$
Rnk 72 / 195

About

Belgium-Jamaica Trade: In 2023, Belgium exported $37.6M to Jamaica. The main products that Belgium exported to Jamaica were Other Frozen Vegetables ($12.2M), Malt ($3.37M), and Animal Food ($3.26M). Over the past 5 years the exports of Belgium to Jamaica have increased at an annualized rate of 6.81%, from $27M in 2018 to $37.6M in 2023.

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

Jamaica-Belgium Trade: In 2023, Jamaica exported $551k to Belgium. The main products that Jamaica exported to Belgium were Coffee ($181k), Non-Iron and Steel Slag, Ash and Residues ($172k), and Hard Liquor ($46.8k). Over the past 5 years the exports of Jamaica to Belgium have decreased at an annualized rate of 6.75%,  from $1.81M in 2018 to $551k in 2023.

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

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Jamaica ranked 70 in the Economic Complexity Index (ECI -0.14), and 147 in total exports ($1.89B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €2.31M and imported €74.4k from Jamaica, resulting in a positive trade balance of €2.24M. Between October 2023 and October 2024 the exports of Belgium have decreased by €-154k (-6.25%) from €2.47M to €2.31M, while imports increased by €72.6k (4.06k%) from €1.79k to €74.4k.

Trade In October 2024, the top exports of Belgium to Jamaica were Preparations of vegetables, fruit, nuts or... (€1.02M), Products of the milling industry (€285k), Food residues & wastes; animal fodder (€156k), Mineral fuels, mineral oils and products... (€136k), and Edible vegetables, roots, & tubers (€106k). In October 2024 the top imports of Belgium from Jamaica were Coffee, tea, mate & spices (€4.78k), Perfumery & cosmetics (€2.49k), Machinery, mechanical appliances, & parts (€624), Preparations of vegetables, fruit, nuts or... (€568), and Electrical machinery and electronics (€407).

Growth In October 2024, the decrease in Belgium's year-by-year exports to Jamaica was explained primarily by an decrease in product exports in Food residues & wastes; animal fodder (€-228k or -59.4%), Machinery, mechanical appliances, & parts (€-83.1k or -88.8%), and Electrical machinery and electronics (€-9.35k or -96%). In October 2024, the increase in Belgium's year-by-year imports  from Jamaica was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-154k(-6.25%)
IMPORT GROWTH (October 2023 - October 2024)€72.6k(4.06k%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Jamaica and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Jamaica and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $37.6M to Jamaica. The main products exported from Belgium to Jamaica were Other Frozen Vegetables ($12.2M), Malt ($3.37M), and Animal Food ($3.26M). During the last 5 years the exports of Belgium to Jamaica have increased at an annualized rate of 6.81%, from $27M in 2018 to $37.6M in 2023.

In 2018, Jamaica exported $551k to Belgium. The main products exported from Jamaica to Belgium were Coffee ($181k), Non-Iron and Steel Slag, Ash and Residues ($172k), and Hard Liquor ($46.8k). During the last 5 years the exports of Jamaica to Belgium have decreased at an annualized rate of 6.75%, from $1.81M in 2023 to $551k in 2018.

Exports from Belgium (Flag) to Jamaica (Flag) (2023)

Exports from Jamaica (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Jamaica
Top DestinationUnited States$709M

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

In 2023, countries that imported more from Belgium than Jamaica included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Jamaica than Belgium included Guyana ($80.7M), Barbados ($46.1M), and Cayman Islands ($36.4M).

Difference in imports from Jamaica (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Jamaica

Flow
Scale

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

During 2023, Belgium had a large net trade with Jamaica in the exports of Foodstuffs ($16.1M), Vegetable Products ($4.63M), and Chemical Products ($3.73M).

During 2018, Jamaica had a large net trade with Belgium in the exports of Vegetable Products ($182k), Mineral Products ($172k), and Chemical Products ($57.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Jamaica+$2.27MRefined Petroleum
Top Product Potential Jamaica Belgium+$949kCoffee

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

This visualization shows the product space at the HS4 level with the flags of Belgium and Jamaica. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Jamaica. Similarly, a dot/product with the flag of Jamaica indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Jamaica (Flag) (2023)

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