2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 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 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 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

Chile-Jamaica Trade: In 2023, Chile exported $39.1M to Jamaica. The main products that Chile exported to Jamaica were Processed Fish ($21.2M), Malt Extract ($3.14M), and Fish Fillets ($2.08M). Over the past 5 years the exports of Chile to Jamaica have increased at an annualized rate of 14.2%, from $20.1M in 2018 to $39.1M in 2023.

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

Jamaica-Chile Trade: In 2023, Jamaica exported $47.6k to Chile. The main products that Jamaica exported to Chile were Recovered Paper ($22.8k), Electricity ($7.49k), and Calendars ($2.58k). Over the past 5 years the exports of Jamaica to Chile have decreased at an annualized rate of 48.7%,  from $1.34M in 2018 to $47.6k in 2023.

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

Comparison: In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). 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, Chile exported $39.1M to Jamaica. The main products exported from Chile to Jamaica were Processed Fish ($21.2M), Malt Extract ($3.14M), and Fish Fillets ($2.08M). During the last 5 years the exports of Chile to Jamaica have increased at an annualized rate of 14.2%, from $20.1M in 2018 to $39.1M in 2023.

In 2018, Jamaica exported $47.6k to Chile. The main products exported from Jamaica to Chile were Recovered Paper ($22.8k), Electricity ($7.49k), and Calendars ($2.58k). During the last 5 years the exports of Jamaica to Chile have decreased at an annualized rate of 48.7%, from $1.34M in 2023 to $47.6k in 2018.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Jamaica
Top Destination
United States$709M

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

In 2023, countries that imported more from Chile than Jamaica included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

In 2023, countries that imported more from Jamaica than Chile included Latvia ($131M), Iceland ($127M), and Guyana ($80.7M).

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

Comparative Advantage Chile - Jamaica

Flow
Scale

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

During 2023, Chile had a large net trade with Jamaica in the exports of Foodstuffs ($28.3M), Vegetable Products ($4.85M), and Animal Products ($2.08M).

During 2018, Jamaica had a large net trade with Chile in the exports of Paper Goods ($26.8k), Mineral Products ($7.49k), and Machines ($6.23k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Jamaica+$409kWine
Top Product Potential Jamaica Chile+$1.64MRefined 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

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

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

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