Jamaica (JAM) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Jamaica-Thailand Trade: In 2023, Jamaica exported $7.63M to Thailand. The main products that Jamaica exported to Thailand were Scrap Iron ($4.78M), Scrap Aluminium ($2.24M), and Recovered Paper ($301k). Over the past 5 years the exports of Jamaica to Thailand have increased at an annualized rate of 3.55%, from $6.41M in 2018 to $7.63M in 2023.

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

Thailand-Jamaica Trade: In 2023, Thailand exported $90.9M to Jamaica. The main products that Thailand exported to Jamaica were Cars ($37.2M), Processed Fish ($13.3M), and Delivery Trucks ($12.2M). Over the past 5 years the exports of Thailand to Jamaica have decreased at an annualized rate of 0.27%, from $95.1M in 2018 to $90.9M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Jamaica exported $7.63M to Thailand. The main products exported from Jamaica to Thailand were Scrap Iron ($4.78M), Scrap Aluminium ($2.24M), and Recovered Paper ($301k). During the last 5 years the exports of Jamaica to Thailand have increased at an annualized rate of 3.55%, from $6.41M in 2018 to $7.63M in 2023.

In 2018, Thailand exported $90.9M to Jamaica. The main products exported from Thailand to Jamaica were Cars ($37.2M), Processed Fish ($13.3M), and Delivery Trucks ($12.2M). During the last 5 years the exports of Thailand to Jamaica have decreased at an annualized rate of 0.27%, from $95.1M in 2023 to $90.9M in 2018.

Exports from Jamaica () to Thailand () (2023)

Exports from Thailand () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Thailand ()

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$709M

Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Jamaica than Thailand included Latvia ($131M), Iceland ($127M), and Guyana ($80.7M).

In 2023, countries that imported more from Thailand than Jamaica included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Jamaica - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Jamaica had a large net trade with Thailand in the exports of Metals ($7.11M), Paper Goods ($305k), and Foodstuffs ($139k).

During 2018, Thailand had a large net trade with Jamaica in the exports of Transportation ($50.2M), Foodstuffs ($18.7M), and Machines ($7.01M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Thailand+$364kScrap Aluminium

Top Product Potential Thailand Jamaica+$2.09MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Thailand () (2023)

Exports from Thailand () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Thailand ()

Thailand Exports

Market Competitiveness

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

Comparative Advantage Jamaica - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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