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

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $22.9k in 2023.

In 2018, 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 2023 to $9.44M in 2018.

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

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

Latest Data

Trade between Jamaica () and Ecuador ()

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$709M

Ecuador
Top DestinationUnited States$8.34B

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

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

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

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 2023, Jamaica had a large net trade with Ecuador in the exports of Paper Goods ($18.5k), Machines ($2.55k), and Metals ($1.83k).

During 2018, Ecuador had a large net trade with Jamaica in the exports of Stone And Glass ($4.06M), Metals ($1.63M), and Machines ($1.29M).

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 () (2023)

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

Latest Data

Trade between Jamaica () and Ecuador ()

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Jamaica - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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