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2022
Flag → Flag
Exports $160kRnk 85 / 157
2022
Flag → Flag
Top Product $81.7kMotor-working Tools
2022
Flag → Flag
Exports $205kRnk 78 / 126
2022
Flag → Flag
Top Product $69.6kShaped Paper
2022
Flag
Economic Complexity (ECI) ECI -0.17Rnk 72 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$17.1BCURRENT US$
Rnk 125 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 135 / 186
2022
Flag
GDP PC $6,047CURRENT US$
Rnk 103 / 186
2012-2022
Flag
GDP PC GROWTH12.7%CURRENT US$
Rnk 105 / 186

About

Jamaica-Venezuela Trade: In 2022, Jamaica exported $160k to Venezuela. The main products that Jamaica exported to Venezuela were Motor-working Tools ($81.7k), Acyclic Alcohols ($45k), and Acrylic Polymers ($27.1k). Over the past 5 years the exports of Jamaica to Venezuela have decreased at an annualized rate of 56%, from $9.73M in 2017 to $160k in 2022.

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

Venezuela-Jamaica Trade: In 2022, Venezuela exported $205k to Jamaica. The main products that Venezuela exported to Jamaica were Shaped Paper ($69.6k), Stainless Steel Wire ($33.9k), and Baked Goods ($26.7k). Over the past 5 years the exports of Venezuela to Jamaica have decreased at an annualized rate of 64.3%,  from $35.5M in 2017 to $205k in 2022.

In 2022, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Jamaica exported $160k to Venezuela. The main products exported from Jamaica to Venezuela were Motor-working Tools ($81.7k), Acyclic Alcohols ($45k), and Acrylic Polymers ($27.1k). During the last 5 years the exports of Jamaica to Venezuela have decreased at an annualized rate of 56%, from $9.73M in 2017 to $160k in 2022.

In 2017, Venezuela exported $205k to Jamaica. The main products exported from Venezuela to Jamaica were Shaped Paper ($69.6k), Stainless Steel Wire ($33.9k), and Baked Goods ($26.7k). During the last 5 years the exports of Venezuela to Jamaica have decreased at an annualized rate of 64.3%, from $35.5M in 2022 to $205k in 2017.

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

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

Market Competitiveness

Color
Jamaica
Top DestinationUnited States$1.11B
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Jamaica than Venezuela included United States ($1.11B), Russia ($99.7M), and Canada ($81M).

In 2022, countries that imported more from Venezuela than Jamaica included China ($703M), Turkey ($597M), and Spain ($518M).

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

Comparative Advantage Jamaica - Venezuela

Flow
Scale

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

During 2022, Jamaica had a large net trade with Venezuela in the exports of Machines ($83.9k), Chemical Products ($45k), and Plastics and Rubbers ($27.5k).

During 2017, Venezuela had a large net trade with Jamaica in the exports of Paper Goods ($70k), Machines ($36.1k), and Metals ($35.1k).

Economic Complexity

Competitive Landscape

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

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

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