Flag Aruba

2019
Product
Exports | Imports
: $80.4M | $1.08B, 194 of 225 |  174 of 225

2019
Per Capita Product
Exports | Imports
: $756 | $10.2k, 136 of 219 |  27 of 219

2016
Service
Exports | Imports
: $2.06B | $867M, 91 of 152 | 118 of 152

Exports: The top exports of Aruba are Refined Petroleum ($46M), Hard Liquor ($3.84M), Scrap Iron ($3.14M), Soap ($3.1M), and Rolled Tobacco ($2.36M), exporting mostly to Malaysia ($45.6M), United States ($9.16M), Netherlands ($5.14M), Jordan ($4.79M), and Venezuela ($3.96M).

Imports: The top imports of Aruba are Refined Petroleum ($160M), Jewellery ($40.4M), Cars ($35.7M), Electric Motor Parts ($28.4M), and Rolled Tobacco ($28.3M), importing mostly from United States ($522M), Netherlands ($174M), Colombia ($46.7M), China ($37.5M), and Sweden ($34M).

Location: Aruba borders Dominican Republic and Venezuela by sea.

Yearly Exports

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Value
Depth

Top Export (2019): Refined Petroleum, $46M

Top Destination (2019): Malaysia, $45.6M

In 2019, Aruba exported a total of $80.4M, making it the number 194 exporter in the world. During the last five reported years the exports of Aruba have changed by -$600M from $680M in 2014 to $80.4M in 2019.

The most recent exports are led by Refined Petroleum ($46M), Hard Liquor ($3.84M), Scrap Iron ($3.14M), Soap ($3.1M), and Rolled Tobacco ($2.36M). The most common destination for the exports of Aruba are Malaysia ($45.6M), United States ($9.16M), Netherlands ($5.14M), Jordan ($4.79M), and Venezuela ($3.96M).

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Yearly Imports

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Value
Depth

Top Import (2019): Refined Petroleum, $160M

Top Origin (2019): United States, $522M

In 2019 Aruba imported $1.08B, making it the number 174 trade destination in the world. During the last five reported years the imports of Aruba changed by -$2.56B from $3.64B in 2014 to $1.08B in 2019.

The most recent imports of Aruba are led by Refined Petroleum ($160M), Jewellery ($40.4M), Cars ($35.7M), Electric Motor Parts ($28.4M), and Rolled Tobacco ($28.3M). The most common import partners for Aruba are United States ($522M), Netherlands ($174M), Colombia ($46.7M), China ($37.5M), and Sweden ($34M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Aruba Exports Services (2016): $2.06B

Aruba Imports Services (2016): $867M

In 2016, Aruba exported $2.06B worth of services. The top services exported by Aruba in 2016 were Travel ($1.63B), Other business services ($248M), Transportation ($108M), Government services, n.i.e. ($29.2M), and Computer and information services ($22.1M).

The top services imported by Aruba in 2016 were Travel ($319M), Other business services ($258M), Transportation ($110M), Computer and information services ($60M), and Government services, n.i.e. ($44.3M).

Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Aruba are Cigars, cheroots and cigarillos, containing tobacco (57%) and Cigars, cheroots, cigarettes, with tobacco substitute (57%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Aruba are:
136: Most Favoured Nation duty rate treatement

Economic Complexity

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Most Specialized Products by RCA Index

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Aruba has a high level of specialization in Soap (99.8), Scrap Nickel (72.8), Hard Liquor (25.5), Scrap Copper (23.4), and Instructional Models (22.6). Specialization is measured using RCA, an index that takes the ratio between Aruba observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Aruba according to the product complexity index (PCI) are Pumps for liquids (1.41), Orthopaedic appliances (1.24), Machinery for paper pulp, paper, paperboard making nes (1.19), Air, vacuum pumps, compressors, ventilating fans, etc (1.19), and Insulating fittings for electrical equipment (1.11). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Aruba according to the relatedness index, are Collector's Items (0.071), Recreational Boats (0.07), Scrap Plastic (0.069), Gold (0.069), and Non-fillet Fresh Fish (0.068). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Aruba is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.