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Exports In 2022, Tuvalu exported $4.94k in Refined Petroleum, making it the 201st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 35th most exported product in Tuvalu. The main destination of Refined Petroleum exports from Tuvalu are: Fiji ($3.21k), United Arab Emirates ($1.67k), and South Korea ($63).

The fastest growing export markets for Refined Petroleum of Tuvalu between 2021 and 2022 were United Arab Emirates ($1.67k) and South Korea ($6).

Imports In 2022, Tuvalu imported $19.7M in Refined Petroleum, becoming the 204th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Tuvalu. Tuvalu imports Refined Petroleum primarily from: China ($12.4M), Fiji ($5.84M), Greece ($525k), New Zealand ($282k), and South Korea ($247k).

The fastest growing import markets in Refined Petroleum for Tuvalu between 2021 and 2022 were Fiji ($3.54M), China ($2.73M), and Greece ($525k).

Latest Trends

May 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.94k
IMPORTS (2022)$19.7M
NET TRADE (2022)-$19.7M

In 2022, Tuvalu exported $4.94k in Refined Petroleum. The main destinations of Tuvalu exports on Refined Petroleum were Fiji ($3.21k), United Arab Emirates ($1.67k), and South Korea ($63).

In 2022, Tuvalu imported $19.7M in Refined Petroleum, mainly from China ($12.4M), Fiji ($5.84M), Greece ($525k), New Zealand ($282k), and South Korea ($247k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Tuvalu WERE (2021 - 2022):
South Korea$6 (10.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Tuvalu WERE (2021 - 2022):
Papua New Guinea-$3.74k (-100%)
Fiji-$1.15k (-26.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Tuvalu's main exporting competitors in Refined Petroleum were:
In 2022, Tuvalu's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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N/A
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Refined Petroleum’s highest export potential is N/A. With an export gap of N/A.   Refined Petroleum’s highest import potential is N/A with an import gap of N/A.

See methodology.

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