2022
Flag  
GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP
$17.1BCURRENT US$
Rnk 125 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 135 / 186
2022
Flag
GDP PC 
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC
$6,047CURRENT US$
Rnk 103 / 186
2012-2022
Flag
GDP PC GROWTH
12.7%CURRENT US$
Rnk 105 / 186

About

Canada-Jamaica Trade: In 2022, Canada exported $134M to Jamaica. The main products that Canada exported to Jamaica were Packaged Medicaments ($17M), Processed Fish ($10.1M), and Wheat ($9.36M). Over the past 5 years the exports of Canada to Jamaica have increased at an annualized rate of 6.73%, from $96.8M in 2017 to $134M in 2022.

In 2020, Canada exported services to Jamaica worth $93.9M, with Travel ($61.1M), Royalties and license fees ($29.8M), and Financial services ($1.49M) being the largest in terms of value.

Jamaica-Canada Trade: In 2022, Jamaica exported $81M to Canada. The main products that Jamaica exported to Canada were Aluminium Oxide ($30.8M), Hard Liquor ($10.2M), and Other Processed Fruits and Nuts ($8.73M). Over the past 5 years the exports of Jamaica to Canada have decreased at an annualized rate of 8.54%,  from $127M in 2017 to $81M in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Jamaica ranked 72 in the Economic Complexity Index (ECI -0.17), and 145 in total exports ($1.95B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $134M to Jamaica. The main products exported from Canada to Jamaica were Packaged Medicaments ($17M), Processed Fish ($10.1M), and Wheat ($9.36M). During the last 5 years the exports of Canada to Jamaica have increased at an annualized rate of 6.73%, from $96.8M in 2017 to $134M in 2022.

In 2017, Jamaica exported $81M to Canada. The main products exported from Jamaica to Canada were Aluminium Oxide ($30.8M), Hard Liquor ($10.2M), and Other Processed Fruits and Nuts ($8.73M). During the last 5 years the exports of Jamaica to Canada have decreased at an annualized rate of 8.54%, from $127M in 2022 to $81M in 2017.

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

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

Market Competitiveness

Color
Canada
Top Destination
United States$438B
Jamaica
Top Destination
United States$1.11B

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

In 2022, countries that imported more from Canada than Jamaica included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Jamaica than Canada included Cayman Islands ($26.5M), Antigua and Barbuda ($26.1M), and Saint Kitts and Nevis ($12.5M).

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

Comparative Advantage Canada - Jamaica

Flow
Scale

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

During 2022, Canada had a large net trade with Jamaica in the exports of Animal Products ($23.8M), Chemical Products ($23.5M), and Foodstuffs ($22.1M).

During 2017, Jamaica had a large net trade with Canada in the exports of Foodstuffs ($39.8M), Chemical Products ($31M), and Vegetable Products ($6.51M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Jamaica+$5.21MCars
Top Product Potential Jamaica Canada+$5.51MRefined 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

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

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

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