Jamaica-Canada Bilateral Trade Analysis 2023
Complete trade statistics: $174.27M total volume •Jamaica deficit: $72.22M
Jamaica → Canada
$51.03M
Exports (2023)
Canada → Jamaica
$123.24M
Imports (2023)
Trade Balance
$72.22M
Deficit for Jamaica
Total Trade
$174.27M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Jamaica and Canada. Green line shows exports from Jamaica, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Jamaica-Canada commercial relationship and competitive positioning in global markets.
Jamaica → Canada Exports
Export Market Intelligence
🎯 Strategic Export Focus
Jamaica's export portfolio to Canada demonstrates strategic specialization, with undenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or higher representing a key competitive advantage in this bilateral market.
Canada → Jamaica Imports
Import Dependency Profile
📦 Import Strategy Analysis
Jamaica's import pattern from Canada reveals significant dependencyin fish preparations: sardines, sardinella and brisling or sprats, prepared or preserved, whole or in pieces (but not minced), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Jamaica demonstrates competitive strength in exportingundenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or higher to Canada, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $174.27M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Jamaica-Canada Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $174.27 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Jamaica maintains a deficit of $72.22 million
- Export Focus: Jamaica's primary exports include undenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or higher, vegetable roots and tubers: yams (dioscorea spp.) with high starch or inulin content, fresh, chilled, frozen or dried, whether or not sliced or in the form of pellets, rum and other spirits obtained by distilling fermented sugar-cane products
- Import Dependencies: Key imports from Canada include fish preparations: sardines, sardinella and brisling or sprats, prepared or preserved, whole or in pieces (but not minced), cereals: wheat and meslin, other than durum wheat, other than seed, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $174.27M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Jamaica leveraging its comparative advantages in undenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or higher.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Jamaica's specialization in undenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or highercomplements Canada's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in fish preparations: sardines, sardinella and brisling or sprats, prepared or preserved, whole or in pieces (but not minced).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $174.27M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $174.27M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $174.27 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in undenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or higher and fish preparations: sardines, sardinella and brisling or sprats, prepared or preserved, whole or in pieces (but not minced) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Jamaica's trade deficit of $72.22 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Jamaica and Canada represents a total trade volume of $174.27 million in 2023. This partnership demonstrates an unfavorable trade balance for Jamaica, with imports exceeding exportsby $72.22 million.
Export Strengths
Jamaica's exports to Canada total $51.03 million, with competitive advantages in undenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or higher, representing $8.92M or17.5% of bilateral exports.
Import Dependencies
Imports from Canada amount to $123.24 million, highlighting economic interdependence in fish preparations: sardines, sardinella and brisling or sprats, prepared or preserved, whole or in pieces (but not minced), with Fish preparations: sardines, sardinella and brisling or sprats, prepared or preserved, whole or in pieces (but not minced) comprising12.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Jamaica's strategic sourcing from Canada. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Jamaica and Canada in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023