2022
Flag  
GDP
$17.1BCURRENT US$
Rnk 125 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 135 / 186
2022
Flag
 GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC 
$6,047CURRENT US$
Rnk 103 / 186
2012-2022
Flag
GDP PC GROWTH
12.7%CURRENT US$
Rnk 105 / 186
2022
Flag
GDP PC
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186

About

Jamaica-Italy Trade: In 2022, Jamaica exported $10.5M to Italy. The main products that Jamaica exported to Italy were Scrap Copper ($5.5M), Hard Liquor ($3.19M), and Refined Petroleum ($1.16M). Over the past 5 years the exports of Jamaica to Italy have increased at an annualized rate of 37.1%, from $2.16M in 2017 to $10.5M in 2022.

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

Italy-Jamaica Trade: In 2022, Italy exported $101M to Jamaica. The main products that Italy exported to Jamaica were Recreational Boats ($61.8M), Other Pure Vegetable Oils ($3.74M), and Insulated Wire ($3.47M). Over the past 5 years the exports of Italy to Jamaica have increased at an annualized rate of 12.1%,  from $57.1M in 2017 to $101M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Jamaica exported $10.5M to Italy. The main products exported from Jamaica to Italy were Scrap Copper ($5.5M), Hard Liquor ($3.19M), and Refined Petroleum ($1.16M). During the last 5 years the exports of Jamaica to Italy have increased at an annualized rate of 37.1%, from $2.16M in 2017 to $10.5M in 2022.

In 2017, Italy exported $101M to Jamaica. The main products exported from Italy to Jamaica were Recreational Boats ($61.8M), Other Pure Vegetable Oils ($3.74M), and Insulated Wire ($3.47M). During the last 5 years the exports of Italy to Jamaica have increased at an annualized rate of 12.1%, from $57.1M in 2022 to $101M in 2017.

Exports from Jamaica (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to Jamaica (Flag) (2022)

Latest Data

Trade between Jamaica (Flag) and Italy (Flag)

Italy Exports

Market Competitiveness

Color
Jamaica
Top Destination
United States$1.11B
Italy
Top Destination
Germany$78.5B

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

In 2022, countries that imported more from Jamaica than Italy included Barbados ($32.2M), Antigua and Barbuda ($26.1M), and Haiti ($22.5M).

In 2022, countries that imported more from Italy than Jamaica included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

Difference in imports from Italy (Flag) and Jamaica (Flag) (2022)

Comparative Advantage Jamaica - Italy

Flow
Scale

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

During 2022, Jamaica had a large net trade with Italy in the exports of Metals ($5.5M), Foodstuffs ($3.22M), and Mineral Products ($1.16M).

During 2017, Italy had a large net trade with Jamaica in the exports of Transportation ($62M), Machines ($15.5M), and Foodstuffs ($5.71M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Jamaica Italy+$3.17MRefined Petroleum
Top Product Potential Italy Jamaica+$2.9MPackaged 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

This visualization shows the product space at the HS4 level with the flags of Jamaica and Italy. This means that a dot/product with the flag of Jamaica indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Jamaica.

Product Space of Jamaica (Flag) and Italy (Flag) (2022)

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