Nicaragua (NIC) and Jamaica (JAM) Trade | The Observatory of Economic Complexity

About

Nicaragua-Jamaica Trade: In 2023, Nicaragua exported $1.1M to Jamaica. The main products that Nicaragua exported to Jamaica were Non-fillet Frozen Fish ($486k), Tractors ($217k), and Coffee and Tea Extracts ($136k). Over the past 5 years the exports of Nicaragua to Jamaica have increased at an annualized rate of 2.46%, from $977k in 2018 to $1.1M in 2023.

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

Jamaica-Nicaragua Trade: In 2023, Jamaica exported $36.5k to Nicaragua. The main products that Jamaica exported to Nicaragua were Paper Labels ($36.3k), Other toys ($57), and Trunks and Cases ($29). Over the past 5 years the exports of Jamaica to Nicaragua have decreased at an annualized rate of 51.1%, from $1.31M in 2018 to $36.5k in 2023.

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

Comparison: In 2023, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B). That same year, Jamaica ranked 70 in the Economic Complexity Index (ECI -0.14), and 147 in total exports ($1.89B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nicaragua exported $1.1M to Jamaica. The main products exported from Nicaragua to Jamaica were Non-fillet Frozen Fish ($486k), Tractors ($217k), and Coffee and Tea Extracts ($136k). During the last 5 years the exports of Nicaragua to Jamaica have increased at an annualized rate of 2.46%, from $977k in 2018 to $1.1M in 2023.

In 2018, Jamaica exported $36.5k to Nicaragua. The main products exported from Jamaica to Nicaragua were Paper Labels ($36.3k), Other toys ($57), and Trunks and Cases ($29). During the last 5 years the exports of Jamaica to Nicaragua have decreased at an annualized rate of 51.1%, from $1.31M in 2023 to $36.5k in 2018.

Exports from Nicaragua () to Jamaica () (2023)

Exports from Jamaica () to Nicaragua () (2023)

Latest Data

Trade between Nicaragua () and Jamaica ()

Nicaragua Exports

Date

Mar 2016

Feb 2016

Jan 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nicaragua
Top DestinationUnited States$4.38B

Jamaica
Top DestinationUnited States$709M

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

In 2023, countries that imported more from Nicaragua than Jamaica included United States ($4.38B), Mexico ($1.04B), and El Salvador ($488M).

In 2023, countries that imported more from Jamaica than Nicaragua included Russia ($138M), Latvia ($131M), and Iceland ($127M).

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

Comparative Advantage Nicaragua - Jamaica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nicaragua had a large net trade with Jamaica in the exports of Animal Products ($532k), Foodstuffs ($349k), and Transportation ($217k).

During 2018, Jamaica had a large net trade with Nicaragua in the exports of Paper Goods ($36.3k), Miscellaneous ($57), and Animal Hides ($29).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nicaragua Jamaica+$180kRolled Tobacco

Top Product Potential Jamaica Nicaragua+$3.88kPaper Labels

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Nicaragua () to Jamaica () (2023)

Exports from Jamaica () to Nicaragua () (2023)

Latest Data

Trade between Nicaragua () and Jamaica ()

Nicaragua Exports

Market Competitiveness

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

Comparative Advantage Nicaragua - Jamaica

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring