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Pricing

2022
Flag → Flag
Exports $85.4MRnk 37 / 170
2022
Flag → Flag
Top Product $75.3MCrude Petroleum
2022
Flag → Flag
Exports $285kRnk 76 / 157
2022
Flag → Flag
Top Product $97kRecreational Boats
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.17Rnk 72 / 133
2022
Flag  
GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 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 $6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC$6,047CURRENT US$
Rnk 103 / 186
2012-2022
Flag
GDP PC GROWTH12.7%CURRENT US$
Rnk 105 / 186

About

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.

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.

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). That same year, Jamaica ranked 72 in the Economic Complexity Index (ECI -0.17), and 145 in total exports ($1.95B).

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.

Explore Jamaica and Ecuador Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $85.4M in 2022.

In 2017, 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 2022 to $285k in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$9.86B
Jamaica
Top DestinationUnited States$1.11B

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

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

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

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 2022, 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).

During 2017, Jamaica had a large net trade with Ecuador in the exports of Foodstuffs ($148k), Transportation ($97k), and Paper Goods ($22.7k).

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) (2022)

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