Overview: In 2018 Aruba was the number 173 in total exports and the number 166 in total imports. In 2018, Aruba exported $199M and imported $1.3B, resulting in a negative trade balance of -$1.1B. In 2018, Aruba's exports per capita were $1.88k and its imports per capita were $12.2k.
In 2018 Aruba exported a total of $199M, making it the number 173 exporter in the world. During the last five reported years the exports of Aruba have changed by -$433M from $632M in 2013 to $199M in 2018.
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).
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.
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.