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Pricing

2023
Flag → Flag
Exports $9.44MRnk 86 / 174
2023
Flag → Flag
Top Product $3.4MGlass Bottles
2023
Flag → Flag
Exports $22.9kRnk 113 / 150
2023
Flag → Flag
Top Product $17.1kRecovered Paper
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.14Rnk 70 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP$19.4BCURRENT US$
Rnk 124 / 195
2013-2023
Flag
GDP GROWTH36.2%CURRENT US$
Rnk 101 / 195
2023
Flag
GDP PC $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC$6,840CURRENT US$
Rnk 105 / 196
2013-2023
Flag
GDP PC GROWTH33.5%CURRENT US$
Rnk 72 / 195

About

Ecuador-Jamaica Trade: In 2023, Ecuador exported $9.44M to Jamaica. The main products that Ecuador exported to Jamaica were Glass Bottles ($3.4M), Iron Stovetops ($1.09M), and Other Processed Fruits and Nuts ($956k). Over the past 5 years the exports of Ecuador to Jamaica have decreased at an annualized rate of 34.7%, from $79.3M in 2018 to $9.44M in 2023.

In 2023, Ecuador did not export any services to Jamaica.

Jamaica-Ecuador Trade: In 2023, Jamaica exported $22.9k to Ecuador. The main products that Jamaica exported to Ecuador were Recovered Paper ($17.1k), Excavation Machinery ($1.85k), and Metal Stoppers ($1.75k). Over the past 5 years the exports of Jamaica to Ecuador have decreased at an annualized rate of 46.2%,  from $508k in 2018 to $22.9k in 2023.

In 2023, Jamaica did not export any services to Ecuador.

Comparison: In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B). That same year, Jamaica ranked 70 in the Economic Complexity Index (ECI -0.14), and 147 in total exports ($1.89B).

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $457k and imported $6.61k from Jamaica, resulting in a positive trade balance of $450k. Between December 2020 and December 2021 the exports of Ecuador have increased by $21.4k (4.92%) from $435k to $457k, while imports decreased by $-33.9k (-83.7%) from $40.5k to $6.61k.

Trade In December 2021, the top exports of Ecuador to Jamaica were Iron Stovetops ($130k), Other Processed Fruits and Nuts ($96.4k), Bathroom Ceramics ($43.5k), Glass Bottles ($25.1k), and Animal Food ($23.3k). In December 2021 the top imports of Ecuador from Jamaica were Bran ($26.4k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($439k) and Quito ($17.8k), while imports destinations were mainly Guayaquil-Marítimo ($6.61k).

Growth In December 2021, the increase in Ecuador's year-by-year exports to Jamaica was explained primarily by an increase in product exports in Other Processed Fruits and Nuts ($9.96k or 11.5%), Bathroom Ceramics ($5.31k or 13.9%), and Plastic Wash Basins ($2.81k or 84.3%). In December 2021, the decrease in Ecuador's year-by-year imports  from Jamaica was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$21.4k(4.92%)
IMPORT GROWTH (December 2020 - December 2021)$-33.9k(-83.7%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$439k

This section shows exports and imports data at subnational level for Ecuador. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Ecuador over time.

To check Jamaica and Ecuador trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $9.44M to Jamaica. The main products exported from Ecuador to Jamaica were Glass Bottles ($3.4M), Iron Stovetops ($1.09M), and Other Processed Fruits and Nuts ($956k). During the last 5 years the exports of Ecuador to Jamaica have decreased at an annualized rate of 34.7%, from $79.3M in 2018 to $9.44M in 2023.

In 2018, Jamaica exported $22.9k to Ecuador. The main products exported from Jamaica to Ecuador were Recovered Paper ($17.1k), Excavation Machinery ($1.85k), and Metal Stoppers ($1.75k). During the last 5 years the exports of Jamaica to Ecuador have decreased at an annualized rate of 46.2%, from $508k in 2023 to $22.9k in 2018.

Exports from Ecuador (Flag) to Jamaica (Flag) (2023)

Exports from Jamaica (Flag) to Ecuador (Flag) (2023)

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Jamaica
Top DestinationUnited States$709M

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

In 2023, countries that imported more from Ecuador than Jamaica included China ($7.96B), United States ($8.34B), and Panama ($4.38B).

In 2023, countries that imported more from Jamaica than Ecuador included Latvia ($131M), Iceland ($127M), and Guyana ($80.7M).

Difference in imports from Jamaica (Flag) and Ecuador (Flag) (2023)

Comparative Advantage Ecuador - Jamaica

Flow
Scale

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

During 2023, Ecuador had a large net trade with Jamaica in the exports of Stone And Glass ($4.06M), Metals ($1.63M), and Machines ($1.29M).

During 2018, Jamaica had a large net trade with Ecuador in the exports of Paper Goods ($18.5k), Machines ($2.55k), and Metals ($1.83k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Jamaica+$286kOther Processed Fruits and Nuts
Top Product Potential Jamaica Ecuador+$26.3kRecovered Paper

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

This visualization shows the product space at the HS4 level with the flags of Ecuador and Jamaica. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Jamaica. Similarly, a dot/product with the flag of Jamaica indicates it has a comparative advantage over Ecuador.

Product Space of Ecuador (Flag) and Jamaica (Flag) (2023)

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