Switzerland (CHE) and Jamaica (JAM) Trade | The Observatory of Economic Complexity

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Switzerland-Jamaica Trade: In 2023, Switzerland exported $31.3M to Jamaica. The main products that Switzerland exported to Jamaica were Precious Metal Watches ($8.43M), Packaged Medicaments ($7.76M), and Raw Iron Bars ($2.35M). Over the past 5 years the exports of Switzerland to Jamaica have increased at an annualized rate of 2.27%, from $28M in 2018 to $31.3M in 2023.

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

Jamaica-Switzerland Trade: In 2023, Jamaica exported $2.49M to Switzerland. The main products that Jamaica exported to Switzerland were Coffee ($884k), Hard Liquor ($468k), and Raw Cotton ($464k). Over the past 5 years the exports of Jamaica to Switzerland have increased at an annualized rate of 1.6%, from $2.3M in 2018 to $2.49M in 2023.

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

Comparison: In 2023, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). 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, Switzerland exported $31.3M to Jamaica. The main products exported from Switzerland to Jamaica were Precious Metal Watches ($8.43M), Packaged Medicaments ($7.76M), and Raw Iron Bars ($2.35M). During the last 5 years the exports of Switzerland to Jamaica have increased at an annualized rate of 2.27%, from $28M in 2018 to $31.3M in 2023.

In 2018, Jamaica exported $2.49M to Switzerland. The main products exported from Jamaica to Switzerland were Coffee ($884k), Hard Liquor ($468k), and Raw Cotton ($464k). During the last 5 years the exports of Jamaica to Switzerland have increased at an annualized rate of 1.6%, from $2.3M in 2023 to $2.49M in 2018.

Exports from Switzerland () to Jamaica () (2023)

Exports from Jamaica () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Jamaica ()

Switzerland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Jamaica
Top DestinationUnited States$709M

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

In 2023, countries that imported more from Switzerland than Jamaica included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

In 2023, countries that imported more from Jamaica than Switzerland included Guyana ($80.7M), Iceland ($127M), and Barbados ($46.1M).

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

Comparative Advantage Switzerland - Jamaica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Jamaica in the exports of Instruments ($10.2M), Chemical Products ($9.44M), and Machines ($4.25M).

During 2018, Jamaica had a large net trade with Switzerland in the exports of Vegetable Products ($1.26M), Foodstuffs ($511k), and Textiles ($464k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Jamaica+$4.51MPackaged Medicaments

Top Product Potential Jamaica Switzerland+$2.15MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Jamaica () (2023)

Exports from Jamaica () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Jamaica ()

Switzerland Exports

Market Competitiveness

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

Comparative Advantage Switzerland - Jamaica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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