Jamaica-Türkiye Bilateral Trade Analysis 2023
Complete trade statistics: $149.83M total volume •Jamaica deficit: $149.83M
Jamaica → Türkiye
$0
Exports (2023)
Türkiye → Jamaica
$149.83M
Imports (2023)
Trade Balance
$149.83M
Deficit for Jamaica
Total Trade
$149.83M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Jamaica and Türkiye. 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-Türkiye commercial relationship and competitive positioning in global markets.
Jamaica → Türkiye Exports
Export Market Intelligence
🎯 Strategic Export Focus
Jamaica's export portfolio to Türkiye demonstrates strategic specialization, with oils, essential: n.e.c. in heading no. 3301 (terpeneless or not), including concretes and absolutes representing a key competitive advantage in this bilateral market.
Türkiye → Jamaica Imports
Import Dependency Profile
📦 Import Strategy Analysis
Jamaica's import pattern from Türkiye reveals significant dependencyin iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Jamaica demonstrates competitive strength in exportingoils, essential: n.e.c. in heading no. 3301 (terpeneless or not), including concretes and absolutes to Türkiye, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $149.83M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Jamaica-Türkiye Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $149.83 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Jamaica maintains a deficit of $149.83 million
- Export Focus: Jamaica's primary exports include oils, essential: n.e.c. in heading no. 3301 (terpeneless or not), including concretes and absolutes, radar apparatus, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
- Import Dependencies: Key imports from Türkiye include iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling, plastics: carboys, bottles, flasks and similar articles, for the conveyance or packing of goods, steel, alloy: bars and rods, hot-rolled, hot-drawn or extruded
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 $149.83M 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 oils, essential: n.e.c. in heading no. 3301 (terpeneless or not), including concretes and absolutes.
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 oils, essential: n.e.c. in heading no. 3301 (terpeneless or not), including concretes and absolutescomplements Türkiye's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $149.83M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $149.83M 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 $149.83 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in oils, essential: n.e.c. in heading no. 3301 (terpeneless or not), including concretes and absolutes and iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Jamaica's trade deficit of $149.83 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 Türkiye represents a total trade volume of $149.83 million in 2023. This partnership demonstrates an unfavorable trade balance for Jamaica, with imports exceeding exportsby $149.83 million.
Export Strengths
Jamaica's exports to Türkiye total $0.00, with competitive advantages in oils, essential: n.e.c. in heading no. 3301 (terpeneless or not), including concretes and absolutes, representing $91,801 orInfinity% of bilateral exports.
Import Dependencies
Imports from Türkiye amount to $149.83 million, highlighting economic interdependence in iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling, with Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling comprising45.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Jamaica's strategic sourcing from Türkiye. 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 Türkiye in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023