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2022
Flag → Flag
Exports $233Rnk 159 / 160
2022
Flag → Flag
Top Product $138Electric Heaters
2022
Flag → Flag
Exports $39.5MRnk 5 / 157
2022
Flag → Flag
Top Product $39.5MAluminium Oxide
2022
Flag
Economic Complexity (ECI) ECI -0.17Rnk 72 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP$17.1BCURRENT US$
Rnk 125 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 135 / 186
2022
Flag
GDP PC $72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC$6,047CURRENT US$
Rnk 103 / 186
2012-2022
Flag
GDP PC GROWTH12.7%CURRENT US$
Rnk 105 / 186

About

Iceland-Jamaica Trade: In 2022, Iceland exported $233 to Jamaica. The main products that Iceland exported to Jamaica were Electric Heaters ($138) and Refrigerators ($95). Over the past 6 years the exports of Iceland to Jamaica have decreased at an annualized rate of 49.4%, from $13.9k in 2016 to $233 in 2022.

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

Jamaica-Iceland Trade: In 2022, Jamaica exported $39.5M to Iceland. The main products that Jamaica exported to Iceland were Aluminium Oxide ($39.5M), Cars ($34.1k), and Hard Liquor ($12.4k). Over the past 6 years the exports of Jamaica to Iceland have decreased at an annualized rate of 5.38%,  from $52.1M in 2016 to $39.5M in 2022.

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

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. 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, Iceland exported $233 to Jamaica. The main products exported from Iceland to Jamaica were Electric Heaters ($138) and Refrigerators ($95). During the last 6 years the exports of Iceland to Jamaica have decreased at an annualized rate of 49.4%, from $13.9k in 2016 to $233 in 2022.

In 2017, Jamaica exported $39.5M to Iceland. The main products exported from Jamaica to Iceland were Aluminium Oxide ($39.5M), Cars ($34.1k), and Hard Liquor ($12.4k). During the last 5 years the exports of Jamaica to Iceland have decreased at an annualized rate of 5.38%, from $52.1M in 2022 to $39.5M in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Jamaica (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Jamaica
Top DestinationUnited States$1.11B

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

In 2022, countries that imported more from Iceland than Jamaica included Netherlands ($1.97B), United Kingdom ($672M), and Germany ($573M).

In 2022, countries that imported more from Jamaica than Iceland included United States ($1.11B), Russia ($99.7M), and Barbados ($32.2M).

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

Comparative Advantage Iceland - Jamaica

Flow
Scale

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

During 2022, Iceland had a large net trade with Jamaica in the exports of Machines ($233).

During 2017, Jamaica had a large net trade with Iceland in the exports of Chemical Products ($39.5M), Transportation ($34.1k), and Foodstuffs ($12.6k).

Economic Complexity

Competitive Landscape

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

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

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