Jamaica (JAM) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Jamaica-Denmark Trade: In 2022, Jamaica exported $564k to Denmark. The main products that Jamaica exported to Denmark were Hard Liquor ($483k), Electrical Transformers ($53.5k), and Iron Fasteners ($10.7k). Over the past 5 years the exports of Jamaica to Denmark have increased at an annualized rate of 22.9%, from $201k in 2017 to $564k in 2022.

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

Denmark-Jamaica Trade: In 2022, Denmark exported $12.6M to Jamaica. The main products that Denmark exported to Jamaica were Cheese ($1.71M), Malt Extract ($1.53M), and Flavored Water ($1.26M). Over the past 5 years the exports of Denmark to Jamaica have increased at an annualized rate of 9.95%, from $7.84M in 2017 to $12.6M in 2022.

In 2022, Denmark 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Jamaica exported $564k to Denmark. The main products exported from Jamaica to Denmark were Hard Liquor ($483k), Electrical Transformers ($53.5k), and Iron Fasteners ($10.7k). During the last 5 years the exports of Jamaica to Denmark have increased at an annualized rate of 22.9%, from $201k in 2017 to $564k in 2022.

In 2017, Denmark exported $12.6M to Jamaica. The main products exported from Denmark to Jamaica were Cheese ($1.71M), Malt Extract ($1.53M), and Flavored Water ($1.26M). During the last 5 years the exports of Denmark to Jamaica have increased at an annualized rate of 9.95%, from $7.84M in 2022 to $12.6M in 2017.

Exports from Jamaica () to Denmark () (2022)

Exports from Denmark () to Jamaica () (2022)

Latest Data

Trade between Jamaica () and Denmark ()

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$1.11B

Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Jamaica than Denmark included Cayman Islands ($26.5M), Barbados ($32.2M), and Antigua and Barbuda ($26.1M).

In 2022, countries that imported more from Denmark than Jamaica included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

Comparative Advantage Jamaica - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Jamaica had a large net trade with Denmark in the exports of Foodstuffs ($484k), Machines ($61.1k), and Metals ($12.1k).

During 2017, Denmark had a large net trade with Jamaica in the exports of Animal Products ($3.33M), Foodstuffs ($3.09M), and Machines ($2.47M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Denmark+$509kHard Liquor

Top Product Potential Denmark Jamaica+$1.62MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Denmark () (2022)

Exports from Denmark () to Jamaica () (2022)

Latest Data

Trade between Jamaica () and Denmark ()

Denmark Exports

Market Competitiveness

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

Comparative Advantage Jamaica - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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