Jamaica (JAM) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Jamaica-Colombia Trade: In 2023, Jamaica exported $1.06M to Colombia. The main products that Jamaica exported to Colombia were Aluminium Oxide ($664k), Broadcasting Equipment ($89k), and Used Clothing ($81.4k). Over the past 5 years the exports of Jamaica to Colombia have increased at an annualized rate of 24%, from $361k in 2018 to $1.06M in 2023.

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

Colombia-Jamaica Trade: In 2023, Colombia exported $293M to Jamaica. The main products that Colombia exported to Jamaica were Crude Petroleum ($213M), Raw Sugar ($12M), and Refrigerators ($6.48M). Over the past 5 years the exports of Colombia to Jamaica have increased at an annualized rate of 20.8%, from $114M in 2018 to $293M in 2023.

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

Comparison: In 2023, Jamaica ranked 70 in the Economic Complexity Index (ECI -0.14), and 147 in total exports ($1.89B). That same year, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Jamaica exported $1.06M to Colombia. The main products exported from Jamaica to Colombia were Aluminium Oxide ($664k), Broadcasting Equipment ($89k), and Used Clothing ($81.4k). During the last 5 years the exports of Jamaica to Colombia have increased at an annualized rate of 24%, from $361k in 2018 to $1.06M in 2023.

In 2018, Colombia exported $293M to Jamaica. The main products exported from Colombia to Jamaica were Crude Petroleum ($213M), Raw Sugar ($12M), and Refrigerators ($6.48M). During the last 5 years the exports of Colombia to Jamaica have increased at an annualized rate of 20.8%, from $114M in 2023 to $293M in 2018.

Exports from Jamaica () to Colombia () (2023)

Exports from Colombia () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Colombia ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$709M

Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Jamaica than Colombia included Latvia ($131M), Iceland ($127M), and Russia ($138M).

In 2023, countries that imported more from Colombia than Jamaica included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

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

Comparative Advantage Jamaica - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Jamaica had a large net trade with Colombia in the exports of Chemical Products ($702k), Machines ($142k), and Textiles ($121k).

During 2018, Colombia had a large net trade with Jamaica in the exports of Mineral Products ($218M), Machines ($21.1M), and Foodstuffs ($18.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Colombia+$1.52MRefined Petroleum

Top Product Potential Colombia Jamaica+$3.21MCrude 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 Jamaica and Colombia. This means that a dot/product with the flag of Jamaica indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Jamaica.

About

Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Colombia () (2023)

Exports from Colombia () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Colombia ()

Colombia Exports

Market Competitiveness

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

Comparative Advantage Jamaica - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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