Jamaica (JAM) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Jamaica-Azerbaijan Trade: In 2022, Jamaica exported $5.41k to Azerbaijan. The main products that Jamaica exported to Azerbaijan were Hard Liquor ($4.76k), Electrical Ignitions ($488), and Iron Fasteners ($94). Over the past 6 years the exports of Jamaica to Azerbaijan have decreased at an annualized rate of 64.4%, from $2.65M in 2016 to $5.41k in 2022.

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

Azerbaijan-Jamaica Trade: In 2022, Azerbaijan exported $184 to Jamaica. The main products that Azerbaijan exported to Jamaica were N/A. Over the past 6 years the exports of Azerbaijan to Jamaica have increased at an annualized rate of 21.3%, from $70 in 2016 to $184 in 2022.

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

Comparison: In 2022, Jamaica ranked 72 in the Economic Complexity Index (ECI -0.17), and 145 in total exports ($1.95B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Jamaica exported $5.41k to Azerbaijan. The main products exported from Jamaica to Azerbaijan were Hard Liquor ($4.76k), Electrical Ignitions ($488), and Iron Fasteners ($94). During the last 6 years the exports of Jamaica to Azerbaijan have decreased at an annualized rate of 64.4%, from $2.65M in 2016 to $5.41k in 2022.

In 2015, Azerbaijan exported $184 to Jamaica. There were not main exports from Azerbaijan to Jamaica in 2015. During the last 5 years the exports of Azerbaijan to Jamaica have increased at an annualized rate of 21.3%, from $70 in 2020 to $184 in 2015.

Exports from Jamaica () to Azerbaijan () (2022)

Exports from Azerbaijan () to Jamaica () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$1.11B

Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Jamaica than Azerbaijan included United States ($1.11B), Canada ($81M), and Iceland ($39.5M).

In 2022, countries that imported more from Azerbaijan than Jamaica included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Jamaica - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Jamaica had a large net trade with Azerbaijan in the exports of Foodstuffs ($4.76k), Machines ($488), and Metals ($94).

During 2015, Azerbaijan had a large net trade with Jamaica in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Azerbaijan+$17.1kHard Liquor

Top Product Potential Azerbaijan Jamaica+$4.51kCrude 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 Jamaica and Azerbaijan. This means that a dot/product with the flag of Jamaica indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Jamaica.

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Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Azerbaijan () (2022)

Exports from Azerbaijan () to Jamaica () (2022)

Market Competitiveness

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

Comparative Advantage Jamaica - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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