Panama (PAN) and Jamaica (JAM) Trade | The Observatory of Economic Complexity

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Panama-Jamaica Trade: In 2023, Panama exported $87.1M to Jamaica. The main products that Panama exported to Jamaica were Packaged Medicaments ($23.9M), Paper Containers ($5.93M), and Cement ($3.63M). Over the past 5 years the exports of Panama to Jamaica have increased at an annualized rate of 1.12%, from $82.4M in 2018 to $87.1M in 2023.

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

Jamaica-Panama Trade: In 2023, Jamaica exported $20.1M to Panama. The main products that Jamaica exported to Panama were Refined Petroleum ($11.3M), Scrap Iron ($2.45M), and Aluminium Oxide ($1.54M). Over the past 5 years the exports of Jamaica to Panama have increased at an annualized rate of 44.8%, from $3.15M in 2018 to $20.1M in 2023.

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

Comparison: In 2023, Panama ranked 69 in the Economic Complexity Index (ECI -0.14), and 121 in total exports ($6.59B). 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, Panama exported $87.1M to Jamaica. The main products exported from Panama to Jamaica were Packaged Medicaments ($23.9M), Paper Containers ($5.93M), and Cement ($3.63M). During the last 5 years the exports of Panama to Jamaica have increased at an annualized rate of 1.12%, from $82.4M in 2018 to $87.1M in 2023.

In 2018, Jamaica exported $20.1M to Panama. The main products exported from Jamaica to Panama were Refined Petroleum ($11.3M), Scrap Iron ($2.45M), and Aluminium Oxide ($1.54M). During the last 5 years the exports of Jamaica to Panama have increased at an annualized rate of 44.8%, from $3.15M in 2023 to $20.1M in 2018.

Exports from Panama () to Jamaica () (2023)

Exports from Jamaica () to Panama () (2023)

Latest Data

Trade between Panama () and Jamaica ()

Panama Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Panama
Top DestinationChina$1.62B

Jamaica
Top DestinationUnited States$709M

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

In 2023, countries that imported more from Panama than Jamaica included China ($1.62B), Japan ($653M), and Thailand ($346M).

In 2023, countries that imported more from Jamaica than Panama included United States ($709M), Russia ($138M), and Latvia ($131M).

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

Comparative Advantage Panama - Jamaica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Panama had a large net trade with Jamaica in the exports of Chemical Products ($30.7M), Machines ($18M), and Paper Goods ($6.26M).

During 2018, Jamaica had a large net trade with Panama in the exports of Mineral Products ($11.3M), Metals ($2.71M), and Chemical Products ($2.25M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Panama Jamaica+$125kRefined Petroleum

Top Product Potential Jamaica Panama+$5.45MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Panama () to Jamaica () (2023)

Exports from Jamaica () to Panama () (2023)

Latest Data

Trade between Panama () and Jamaica ()

Panama Exports

Market Competitiveness

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

Comparative Advantage Panama - Jamaica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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