Iceland (ISL) and Jamaica (JAM) Trade | The Observatory of Economic Complexity

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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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 () to Jamaica () (2022)

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

Latest Data

Trade between Iceland () and Jamaica ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Iceland () (2022)

Comparative Advantage Iceland - Jamaica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Iceland () and Jamaica ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Iceland - Jamaica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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