Jamaica (JAM) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Jamaica-Spain Trade: In 2023, Jamaica exported $1.24M to Spain. The main products that Jamaica exported to Spain were Other Nuts ($374k), Hard Liquor ($338k), and Scrap Iron ($209k). Over the past 5 years the exports of Jamaica to Spain have decreased at an annualized rate of 5.68%, from $1.66M in 2018 to $1.24M in 2023.

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

Spain-Jamaica Trade: In 2023, Spain exported $149M to Jamaica. The main products that Spain exported to Jamaica were Prefabricated Buildings ($9.88M), Fruit Juice ($7.62M), and Unglazed Ceramics ($7.38M). Over the past 5 years the exports of Spain to Jamaica have increased at an annualized rate of 9.68%, from $93.8M in 2018 to $149M in 2023.

In 2023, Spain 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Jamaica exported $1.24M to Spain. The main products exported from Jamaica to Spain were Other Nuts ($374k), Hard Liquor ($338k), and Scrap Iron ($209k). During the last 5 years the exports of Jamaica to Spain have decreased at an annualized rate of 5.68%, from $1.66M in 2018 to $1.24M in 2023.

In 2018, Spain exported $149M to Jamaica. The main products exported from Spain to Jamaica were Prefabricated Buildings ($9.88M), Fruit Juice ($7.62M), and Unglazed Ceramics ($7.38M). During the last 5 years the exports of Spain to Jamaica have increased at an annualized rate of 9.68%, from $93.8M in 2023 to $149M in 2018.

Exports from Jamaica () to Spain () (2023)

Exports from Spain () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Spain ()

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$709M

Spain
Top DestinationFrance$61.9B

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

In 2023, countries that imported more from Jamaica than Spain included Guyana ($80.7M), Cayman Islands ($36.4M), and Barbados ($46.1M).

In 2023, countries that imported more from Spain than Jamaica included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

Comparative Advantage Jamaica - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Jamaica had a large net trade with Spain in the exports of Vegetable Products ($440k), Foodstuffs ($339k), and Metals ($224k).

During 2018, Spain had a large net trade with Jamaica in the exports of Machines ($49.8M), Miscellaneous ($18.7M), and Foodstuffs ($18.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Spain+$802kHard Liquor

Top Product Potential Spain Jamaica+$1.89MPackaged 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 Spain. This means that a dot/product with the flag of Jamaica indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Jamaica.

About

Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Spain () (2023)

Exports from Spain () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Spain ()

Spain Exports

Market Competitiveness

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

Comparative Advantage Jamaica - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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