2022
Flag  
GDP
$17.1BCURRENT US$
Rnk 125 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 135 / 186
2022
Flag
 GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC 
$6,047CURRENT US$
Rnk 103 / 186
2012-2022
Flag
GDP PC GROWTH
12.7%CURRENT US$
Rnk 105 / 186
2022
Flag
GDP PC
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186

About

Jamaica-Azerbaijan Trade: In 2022, Jamaica exported $5.41k to Azerbaijan. The main products that Jamaica exported to Azerbaijan were Hard Liquor ($4.76k), Electrical Ignitions ($488), and Iron Fasteners ($94). Over the past 6 years the exports of Jamaica to Azerbaijan have decreased at an annualized rate of 64.4%, from $2.65M in 2016 to $5.41k in 2022.

In 2022, Jamaica did not export any services to Azerbaijan.

Azerbaijan-Jamaica Trade: In 2022, Azerbaijan exported $184 to Jamaica. The main products that Azerbaijan exported to Jamaica were N/A. Over the past 6 years the exports of Azerbaijan to Jamaica have increased at an annualized rate of 21.3%,  from $70 in 2016 to $184 in 2022.

In 2022, Azerbaijan did not export any services to Jamaica.

Comparison: In 2022,  Jamaica ranked 72 in the Economic Complexity Index (ECI -0.17), and 145 in total exports ($1.95B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Jamaica exported $5.41k to Azerbaijan. The main products exported from Jamaica to Azerbaijan were Hard Liquor ($4.76k), Electrical Ignitions ($488), and Iron Fasteners ($94). During the last 6 years the exports of Jamaica to Azerbaijan have decreased at an annualized rate of 64.4%, from $2.65M in 2016 to $5.41k in 2022.

In 2015, Azerbaijan exported $184 to Jamaica. There were not main exports from Azerbaijan to Jamaica in 2015. During the last 5 years the exports of Azerbaijan to Jamaica have increased at an annualized rate of 21.3%, from $70 in 2020 to $184 in 2015.

Exports from Jamaica (Flag) to Azerbaijan (Flag) (2022)

Exports from Azerbaijan (Flag) to Jamaica (Flag) (2022)

Market Competitiveness

Color
Jamaica
Top Destination
United States$1.11B
Azerbaijan
Top Destination
Italy$18.3B

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

In 2022, countries that imported more from Jamaica than Azerbaijan included United States ($1.11B), Canada ($81M), and Iceland ($39.5M).

In 2022, countries that imported more from Azerbaijan than Jamaica included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

Difference in imports from Azerbaijan (Flag) and Jamaica (Flag) (2022)

Comparative Advantage Jamaica - Azerbaijan

Flow
Scale

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

During 2022, Jamaica had a large net trade with Azerbaijan in the exports of Foodstuffs ($4.76k), Machines ($488), and Metals ($94).

During 2015, Azerbaijan had a large net trade with Jamaica in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Jamaica Azerbaijan+$17.1kHard Liquor
Top Product Potential Azerbaijan Jamaica+$4.51kCrude 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Jamaica (Flag) and Azerbaijan (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with