Hungary (HUN) and Jamaica (JAM) Trade | The Observatory of Economic Complexity

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Hungary-Jamaica Trade: In 2023, Hungary exported $14.8M to Jamaica. The main products that Hungary exported to Jamaica were Packaged Medicaments ($7.5M), Cars ($3.03M), and Plastic Lids ($1.22M). Over the past 5 years the exports of Hungary to Jamaica have decreased at an annualized rate of 6.66%, from $20.9M in 2018 to $14.8M in 2023.

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

Jamaica-Hungary Trade: In 2023, Jamaica exported $265 to Hungary. The main products that Jamaica exported to Hungary were Hydrometers ($140), Tea ($123), and Other Printed Material ($2). Over the past 5 years the exports of Jamaica to Hungary have decreased at an annualized rate of 4.58%, from $335 in 2018 to $265 in 2023.

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

Comparison: In 2023, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). 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, Hungary exported $14.8M to Jamaica. The main products exported from Hungary to Jamaica were Packaged Medicaments ($7.5M), Cars ($3.03M), and Plastic Lids ($1.22M). During the last 5 years the exports of Hungary to Jamaica have decreased at an annualized rate of 6.66%, from $20.9M in 2018 to $14.8M in 2023.

In 2018, Jamaica exported $265 to Hungary. The main products exported from Jamaica to Hungary were Hydrometers ($140), Tea ($123), and Other Printed Material ($2). During the last 5 years the exports of Jamaica to Hungary have decreased at an annualized rate of 4.58%, from $335 in 2023 to $265 in 2018.

Exports from Hungary () to Jamaica () (2023)

Exports from Jamaica () to Hungary () (2023)

Latest Data

Trade between Hungary () and Jamaica ()

Hungary Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

Jamaica
Top DestinationUnited States$709M

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

In 2023, countries that imported more from Hungary than Jamaica included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

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

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

Comparative Advantage Hungary - Jamaica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with Jamaica in the exports of Chemical Products ($8.71M), Transportation ($3.23M), and Plastics and Rubbers ($1.23M).

During 2018, Jamaica had a large net trade with Hungary in the exports of Instruments ($140), Vegetable Products ($123), and Paper Goods ($2).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Jamaica+$3.6MCars

Top Product Potential Jamaica Hungary+$9.2kTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Hungary () to Jamaica () (2023)

Exports from Jamaica () to Hungary () (2023)

Latest Data

Trade between Hungary () and Jamaica ()

Hungary Exports

Market Competitiveness

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

Comparative Advantage Hungary - Jamaica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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