Jamaica (JAM) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Jamaica-Ecuador Trade: In 2022, Jamaica exported $285k to Ecuador. The main products that Jamaica exported to Ecuador were Recreational Boats ($97k), Other Vegetable Residues and Waste ($73.9k), and Bran ($73.9k). Over the past 5 years the exports of Jamaica to Ecuador have decreased at an annualized rate of 16%, from $680k in 2017 to $285k in 2022.

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

Ecuador-Jamaica Trade: In 2022, Ecuador exported $85.4M to Jamaica. The main products that Ecuador exported to Jamaica were Crude Petroleum ($75.3M), Glass Bottles ($4.16M), and Iron Stovetops ($1.68M). Over the past 5 years the exports of Ecuador to Jamaica have increased at an annualized rate of 84.1%, from $4.04M in 2017 to $85.4M in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Jamaica exported $285k to Ecuador. The main products exported from Jamaica to Ecuador were Recreational Boats ($97k), Other Vegetable Residues and Waste ($73.9k), and Bran ($73.9k). During the last 5 years the exports of Jamaica to Ecuador have decreased at an annualized rate of 16%, from $680k in 2017 to $285k in 2022.

In 2017, Ecuador exported $85.4M to Jamaica. The main products exported from Ecuador to Jamaica were Crude Petroleum ($75.3M), Glass Bottles ($4.16M), and Iron Stovetops ($1.68M). During the last 5 years the exports of Ecuador to Jamaica have increased at an annualized rate of 84.1%, from $4.04M in 2022 to $85.4M in 2017.

Exports from Jamaica () to Ecuador () (2022)

Exports from Ecuador () to Jamaica () (2022)

Latest Data

Trade between Jamaica () and Ecuador ()

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$1.11B

Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Jamaica than Ecuador included Iceland ($39.5M), Barbados ($32.2M), and Latvia ($33.3M).

In 2022, countries that imported more from Ecuador than Jamaica included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

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

Comparative Advantage Jamaica - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Jamaica had a large net trade with Ecuador in the exports of Foodstuffs ($148k), Transportation ($97k), and Paper Goods ($22.7k).

During 2017, Ecuador had a large net trade with Jamaica in the exports of Mineral Products ($75.3M), Stone And Glass ($5.11M), and Metals ($1.86M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Ecuador+$26.3kRecovered Paper

Top Product Potential Ecuador Jamaica+$286kOther Processed Fruits and Nuts

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 Ecuador. This means that a dot/product with the flag of Jamaica indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Jamaica.

About

Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Ecuador () (2022)

Exports from Ecuador () to Jamaica () (2022)

Latest Data

Trade between Jamaica () and Ecuador ()

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Jamaica - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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