Jamaica (JAM) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

About

Jamaica-Bolivia Trade: In 2022, Jamaica exported $622 to Bolivia. The main products that Jamaica exported to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($341) and Centrifuges ($281). Over the past 6 years the exports of Jamaica to Bolivia have increased at an annualized rate of 23.7%, from $174 in 2016 to $622 in 2022.

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

Bolivia-Jamaica Trade: In 2022, Bolivia exported $262k to Jamaica. The main products that Bolivia exported to Jamaica were Soybean Oil ($241k), Coconuts, Brazil Nuts, and Cashews ($20.8k), and Audio Alarms ($579). Over the past 6 years the exports of Bolivia to Jamaica have increased at an annualized rate of 94.4%, from $9.45k in 2016 to $262k in 2022.

In 2022, Bolivia 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, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Jamaica exported $622 to Bolivia. The main products exported from Jamaica to Bolivia were Motor vehicles; parts and accessories (8701 to 8705) ($341) and Centrifuges ($281). During the last 6 years the exports of Jamaica to Bolivia have increased at an annualized rate of 23.7%, from $174 in 2016 to $622 in 2022.

In 2017, Bolivia exported $262k to Jamaica. The main products exported from Bolivia to Jamaica were Soybean Oil ($241k), Coconuts, Brazil Nuts, and Cashews ($20.8k), and Audio Alarms ($579). During the last 5 years the exports of Bolivia to Jamaica have increased at an annualized rate of 94.4%, from $9.45k in 2022 to $262k in 2017.

Exports from Jamaica () to Bolivia () (2022)

Exports from Bolivia () to Jamaica () (2022)

Latest Data

Trade between Jamaica () and Bolivia ()

Bolivia Exports

Date

Feb 2020

Sep 2018

Jan 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$1.11B

Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Jamaica than Bolivia included United States ($1.11B), Russia ($99.7M), and Iceland ($39.5M).

In 2022, countries that imported more from Bolivia than Jamaica included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

Difference in imports from Bolivia () and Jamaica () (2022)

Comparative Advantage Jamaica - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Jamaica had a large net trade with Bolivia in the exports of Transportation ($341) and Machines ($281).

During 2017, Bolivia had a large net trade with Jamaica in the exports of Animal and Vegetable Bi-Products ($241k), Vegetable Products ($20.8k), and Machines ($579).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Bolivia+$3.44kRefined Petroleum

Top Product Potential Bolivia Jamaica+$313kSoybean Oil

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Bolivia () (2022)

Exports from Bolivia () to Jamaica () (2022)

Latest Data

Trade between Jamaica () and Bolivia ()

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Jamaica () (2022)

Comparative Advantage Jamaica - Bolivia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Jamaica () and Bolivia () (2022)

Keep Exploring