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

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Jamaica-Colombia Trade: In 2022, Jamaica exported $2.22M to Colombia. The main products that Jamaica exported to Colombia were Aluminium Oxide ($1.14M), Refined Petroleum ($463k), and Recovered Paper ($256k). Over the past 5 years the exports of Jamaica to Colombia have increased at an annualized rate of 55.9%, from $241k in 2017 to $2.22M in 2022.

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

Colombia-Jamaica Trade: In 2022, Colombia exported $149M to Jamaica. The main products that Colombia exported to Jamaica were Crude Petroleum ($77.9M), Raw Sugar ($8.65M), and Electrical Transformers ($5.33M). Over the past 5 years the exports of Colombia to Jamaica have increased at an annualized rate of 8.63%, from $98.7M in 2017 to $149M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Jamaica exported $2.22M to Colombia. The main products exported from Jamaica to Colombia were Aluminium Oxide ($1.14M), Refined Petroleum ($463k), and Recovered Paper ($256k). During the last 5 years the exports of Jamaica to Colombia have increased at an annualized rate of 55.9%, from $241k in 2017 to $2.22M in 2022.

In 2017, Colombia exported $149M to Jamaica. The main products exported from Colombia to Jamaica were Crude Petroleum ($77.9M), Raw Sugar ($8.65M), and Electrical Transformers ($5.33M). During the last 5 years the exports of Colombia to Jamaica have increased at an annualized rate of 8.63%, from $98.7M in 2022 to $149M in 2017.

Exports from Jamaica () to Colombia () (2022)

Exports from Colombia () to Jamaica () (2022)

Latest Data

Trade between Jamaica () and Colombia ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$1.11B

Colombia
Top DestinationUnited States$15.6B

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 2022, countries that imported more from Jamaica than Colombia included Latvia ($33.3M), Antigua and Barbuda ($26.1M), and Barbados ($32.2M).

In 2022, countries that imported more from Colombia than Jamaica included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

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 2022, Jamaica had a large net trade with Colombia in the exports of Chemical Products ($1.22M), Mineral Products ($463k), and Paper Goods ($260k).

During 2017, Colombia had a large net trade with Jamaica in the exports of Mineral Products ($86.5M), Machines ($16.5M), and Foodstuffs ($16.4M).

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+N/AN/A

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.

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Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Colombia () (2022)

Exports from Colombia () to Jamaica () (2022)

Latest Data

Trade between Jamaica () and Colombia ()

Colombia Exports

Market Competitiveness

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

Comparative Advantage Jamaica - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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