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Pricing

2022
Flag → Flag
Exports $90.7kRnk 165 / 194
2022
Flag → Flag
Top Product $42.4kHard Liquor
2022
Flag → Flag
Exports $33.3MRnk 6 / 157
2022
Flag → Flag
Top Product $33.2MAluminium Oxide
2022
Flag  
GDP$41.2BCURRENT US$
Rnk 97 / 186
2012-2022
Flag
GDP GROWTH46.1%CURRENT US$
Rnk 74 / 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 $21,851CURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP PC GROWTH57.8%CURRENT US$
Rnk 30 / 186
2022
Flag
GDP PC$6,047CURRENT US$
Rnk 103 / 186
2012-2022
Flag
GDP PC GROWTH12.7%CURRENT US$
Rnk 105 / 186

About

Latvia-Jamaica In 2022, Latvia exported $90.7k to Jamaica. The main products that Latvia exported to Jamaica are Hard Liquor ($42.4k), Broadcasting Equipment ($10.6k), and Valves ($9.4k). During the last 27 years the exports of Latvia to Jamaica have increased at an annualized rate of 11.4%, from $4.86k in 1995 to $90.7k in 2022.

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

Jamaica-Latvia In 2022, Jamaica exported $33.3M to Latvia. The main products that Jamaica exported to Latvia were Aluminium Oxide ($33.2M), Scrap Plastic ($78.3k), and Other Inedible Animal Products ($68). During the last 27 years the exports of Jamaica to Latvia have increased at an annualized rate of 26.3%, from $60.3k in 1995 to $33.3M in 2022.

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

Comparison In 2022,  Latvia ranked 75 in total exports ($22.9B). That same year, Jamaica ranked 145 in total exports ($1.95B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Latvia exported $90.7k to Jamaica. The main products exported from Latvia to Jamaica were Hard Liquor ($42.4k), Broadcasting Equipment ($10.6k), and Valves ($9.4k). During the last 27 years the exports of Latvia to Jamaica have increased at an annualized rate of 11.4%, from $4.86k in 1995 to $90.7k in 2022.

In 2022, Jamaica exported $33.3M to Latvia. The main products exported from Jamaica to Latvia were Aluminium Oxide ($33.2M), Scrap Plastic ($78.3k), and Other Inedible Animal Products ($68). During the last 27 years the exports of Jamaica to Latvia have increased at an annualized rate of 26.3%, from $60.3k in 1995 to $33.3M in 2022.

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

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

Latest Data

Trade between Latvia (Flag) and Jamaica (Flag)

Latvia Exports

Market Competitiveness

Color
Latvia
Top DestinationLithuania$4.09B
Jamaica
Top DestinationUnited States$1.11B

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

In 2021, countries that imported more from Latvia than Jamaica were Lithuania ($4.09B), Estonia ($2.26B), and Germany ($1.44B).

In 2021, countries that imported more from Jamaica than Latvia were United States ($1.11B), Barbados ($32.2M), and Guyana ($26.6M).

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

Comparative Advantage Latvia - Jamaica

Flow
Scale

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

During 2022, Latvia had a large net trade with Jamaica in the exports of Foodstuffs ($42.4k), Machines ($23.5k), and Miscellaneous ($5.79k).

During 2022, Jamaica had a large net trade with Latvia in the exports of Chemical Products ($33.2M), Plastics and Rubbers ($78.3k), and Animal Products ($68).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Latvia has comparative advantage over Jamaica. Similarly, the more yellow a dot/product is, the more Jamaica has comparative advantage over Latvia.

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

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