2023
Flag  
GDP
$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH
16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP
$19.4BCURRENT US$
Rnk 124 / 195
2013-2023
Flag
GDP GROWTH
36.2%CURRENT US$
Rnk 101 / 195
2023
Flag
GDP PC 
$53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH
1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC
$6,840CURRENT US$
Rnk 105 / 196
2013-2023
Flag
GDP PC GROWTH
33.5%CURRENT US$
Rnk 72 / 195

About

Canada-Jamaica Trade: In 2023, Canada exported $131M to Jamaica. The main products that Canada exported to Jamaica were Processed Fish ($16.4M), Packaged Medicaments ($13.9M), and Wheat ($9.58M). Over the past 5 years the exports of Canada to Jamaica have decreased at an annualized rate of 1.6%, from $142M in 2018 to $131M in 2023.

In 2020, Canada exported services to Jamaica worth $93.9M, with Travel ($61.1M), Royalties and license fees ($29.8M), and Financial services ($1.49M) being the largest in terms of value.

Jamaica-Canada Trade: In 2023, Jamaica exported $51.7M to Canada. The main products that Jamaica exported to Canada were Other Processed Fruits and Nuts ($11.3M), Alcohol > 80% ABV ($8.94M), and Hard Liquor ($5.8M). Over the past 5 years the exports of Jamaica to Canada have decreased at an annualized rate of 25.4%,  from $223M in 2018 to $51.7M in 2023.

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

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). 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
Value

In 2023, Canada exported $131M to Jamaica. The main products exported from Canada to Jamaica were Processed Fish ($16.4M), Packaged Medicaments ($13.9M), and Wheat ($9.58M). During the last 5 years the exports of Canada to Jamaica have decreased at an annualized rate of 1.6%, from $142M in 2018 to $131M in 2023.

In 2018, Jamaica exported $51.7M to Canada. The main products exported from Jamaica to Canada were Other Processed Fruits and Nuts ($11.3M), Alcohol > 80% ABV ($8.94M), and Hard Liquor ($5.8M). During the last 5 years the exports of Jamaica to Canada have decreased at an annualized rate of 25.4%, from $223M in 2023 to $51.7M in 2018.

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

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

Market Competitiveness

Color
Canada
Top Destination
United States$410B
Jamaica
Top Destination
United States$709M

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

In 2023, countries that imported more from Canada than Jamaica included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Jamaica than Canada included Russia ($138M), Iceland ($127M), and Cayman Islands ($36.4M).

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

Comparative Advantage Canada - Jamaica

Flow
Scale

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

During 2023, Canada had a large net trade with Jamaica in the exports of Foodstuffs ($30M), Chemical Products ($18.5M), and Vegetable Products ($18.1M).

During 2018, Jamaica had a large net trade with Canada in the exports of Foodstuffs ($40.8M), Vegetable Products ($6.27M), and Mineral Products ($1.84M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Jamaica+$5.21MCars
Top Product Potential Jamaica Canada+N/AN/A

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

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

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