Jamaica (JAM) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Jamaica-Finland Trade: In 2022, Jamaica exported $7.66M to Finland. The main products that Jamaica exported to Finland were Petroleum Gas ($5.98M), Hard Liquor ($1.59M), and Packaged Medicaments ($76.7k). Over the past 5 years the exports of Jamaica to Finland have increased at an annualized rate of 39.8%, from $1.43M in 2017 to $7.66M in 2022.

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

Finland-Jamaica Trade: In 2022, Finland exported $4.03M to Jamaica. The main products that Finland exported to Jamaica were Electric Motors ($1.25M), Coin ($705k), and Broadcasting Equipment ($479k). Over the past 5 years the exports of Finland to Jamaica have increased at an annualized rate of 9.4%, from $2.15M in 2017 to $4.03M in 2022.

In 2022, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Jamaica exported $7.66M to Finland. The main products exported from Jamaica to Finland were Petroleum Gas ($5.98M), Hard Liquor ($1.59M), and Packaged Medicaments ($76.7k). During the last 5 years the exports of Jamaica to Finland have increased at an annualized rate of 39.8%, from $1.43M in 2017 to $7.66M in 2022.

In 2017, Finland exported $4.03M to Jamaica. The main products exported from Finland to Jamaica were Electric Motors ($1.25M), Coin ($705k), and Broadcasting Equipment ($479k). During the last 5 years the exports of Finland to Jamaica have increased at an annualized rate of 9.4%, from $2.15M in 2022 to $4.03M in 2017.

Exports from Jamaica () to Finland () (2022)

Exports from Finland () to Jamaica () (2022)

Latest Data

Trade between Jamaica () and Finland ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$1.11B

Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Jamaica than Finland included Barbados ($32.2M), Cayman Islands ($26.5M), and Guyana ($26.6M).

In 2022, countries that imported more from Finland than Jamaica included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

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

Comparative Advantage Jamaica - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Jamaica had a large net trade with Finland in the exports of Mineral Products ($5.98M), Foodstuffs ($1.59M), and Chemical Products ($76.8k).

During 2017, Finland had a large net trade with Jamaica in the exports of Machines ($2.54M), Precious Metals ($705k), and Paper Goods ($683k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Finland+$701kPetroleum Gas

Top Product Potential Finland Jamaica+$322kTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Finland () (2022)

Exports from Finland () to Jamaica () (2022)

Latest Data

Trade between Jamaica () and Finland ()

Finland Exports

Market Competitiveness

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

Comparative Advantage Jamaica - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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