Jamaica (JAM) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Jamaica-Portugal Trade: In 2023, Jamaica exported $635k to Portugal. The main products that Jamaica exported to Portugal were Refined Petroleum ($194k), Scrap Plastic ($174k), and Plastic Building Materials ($159k). Over the past 7 years the exports of Jamaica to Portugal have increased at an annualized rate of 48.4%, from $40k in 2016 to $635k in 2023.

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

Portugal-Jamaica Trade: In 2023, Portugal exported $3.53M to Jamaica. The main products that Portugal exported to Jamaica were Uncoated Paper ($869k), Iron Structures ($508k), and Lifting Machinery ($501k). Over the past 7 years the exports of Portugal to Jamaica have decreased at an annualized rate of 11.8%, from $6.63M in 2016 to $3.53M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Jamaica exported $635k to Portugal. The main products exported from Jamaica to Portugal were Refined Petroleum ($194k), Scrap Plastic ($174k), and Plastic Building Materials ($159k). During the last 7 years the exports of Jamaica to Portugal have increased at an annualized rate of 48.4%, from $40k in 2016 to $635k in 2023.

In 2018, Portugal exported $3.53M to Jamaica. The main products exported from Portugal to Jamaica were Uncoated Paper ($869k), Iron Structures ($508k), and Lifting Machinery ($501k). During the last 5 years the exports of Portugal to Jamaica have decreased at an annualized rate of 11.8%, from $6.63M in 2023 to $3.53M in 2018.

Exports from Jamaica () to Portugal () (2023)

Exports from Portugal () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Portugal ()

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$709M

Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Jamaica than Portugal included Iceland ($127M), Guyana ($80.7M), and Russia ($138M).

In 2023, countries that imported more from Portugal than Jamaica included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Jamaica - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Jamaica had a large net trade with Portugal in the exports of Plastics and Rubbers ($381k), Mineral Products ($194k), and Foodstuffs ($38.9k).

During 2018, Portugal had a large net trade with Jamaica in the exports of Paper Goods ($1.31M), Machines ($783k), and Metals ($704k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Portugal+$1.03MRefined Petroleum

Top Product Potential Portugal Jamaica+$280kPackaged 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 Portugal. This means that a dot/product with the flag of Jamaica indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Jamaica.

About

Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Portugal () (2023)

Exports from Portugal () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Portugal ()

Portugal Exports

Market Competitiveness

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

Comparative Advantage Jamaica - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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