Flag United States / Aruba Flag

Exports Flag β†’ Flag  (2018): $616M, Rnk 84 / 215

Top Product Flag β†’ Flag (2018): $143M, Refined Petroleum

Exports Flag β†’ Flag (2018): $11.7M, Rnk 4 / 57

Top Product Flag β†’ Flag (2018): $4.23M, Refined Petroleum

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 196

GDP PC Flag (2018): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 196

United States-Aruba: In 2018, United States exported $616M to Aruba. The main products exported from United States to Aruba were Refined Petroleum ($143M), Jewellery ($33M), and Broadcasting Equipment ($15M). During the last 23 years the exports of United States to Aruba have increased at an annualized rate of 4.38%, from $230M in 1995 to $616M in 2018.

Aruba-United States: In 2018, Aruba exported $11.7M to United States. The main products exported from Aruba to United States were Refined Petroleum ($4.23M), Soap ($1.61M), and Jewellery ($996k). During the last 23 years the exports of Aruba to United States have decreased at an annualized rate of 14.3%, from $402M in 1995 to $11.7M in 2018.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). That same year, Aruba ranked 173 in total exports ($199M), and does not have data regarding Economic Complexity Index. In terms of GDP Per Capita, United States was ranked 10 with a GDP Per Capita of $62,795, while Aruba has no data regarding GDP Per Capita in 2018.

Bilateral Trade by Products

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Depth
Value

In 2018, United States exported $616M to Aruba. The main products exported from United States to Aruba were Refined Petroleum ($143M), Jewellery ($33M), and Broadcasting Equipment ($15M). During the last 23 years the exports of United States to Aruba have increased at an annualized rate of 4.38%, from $230M in 1995 to $616M in 2018.

In 2018, Aruba exported $11.7M to United States. The main products exported from Aruba to United States were Refined Petroleum ($4.23M), Soap ($1.61M), and Jewellery ($996k). During the last 23 years the exports of Aruba to United States have decreased at an annualized rate of 14.3%, from $402M in 1995 to $11.7M in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Aruba
Top Destination
: Netherlands, $110M

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

In 2018, countries that imported more from United States than Aruba were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, no countries were registered that imported more from Aruba than from United States.

Comparative Advantage United States - Aruba

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Depth

This chart compares trade between United States and Aruba by product, considering products traded by both, United States and Aruba.

During 2018, United States had a large net trade with Aruba in the exports of Mineral Products ($148M), Machines ($99.6M), and Foodstuffs ($63.2M).

During 2018, Aruba had a large net trade with United States in the exports of Mineral Products ($4.23M), Chemical Products ($2.76M), and Precious Metals ($2.64M).

Tariff Section

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This sections shows import tariffs for products traded between United States and Aruba (using the HS6 product classification and the last year reported).

In 2018, the products from United States that paid the highest import tariffs to enter Aruba were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

In 2018, the products from Aruba that paid the highest import tariffs to enter United States were Tobacco, unmanufactured, not stemmed or stripped (57%) and Tobacco, unmanufactured, stemmed or stripped (57%).

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*The tariffs present between United States and Aruba are:
110: CBERA Caribbean Basin Economic Recovery Act
110: CBERA Caribbean Basin Economic Recovery Act
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between United States and Aruba. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more United States has comparative advantage over Aruba. Similarly, the more red a dot/product is, the more Aruba has comparative advantage over United States.