Flag Antigua and Barbuda

Product Exports (2018): $192M, Rank 175 of 222

Exports Per Capita (2018): $2k, Rank 170 of 219

Product Imports (2018): $955M, Rank 173 of 221

Imports Per Capita (2018): $9.91k, Rank 134 of 219

Service Exports (2018): $1.11B, Rank 64 of 88

Service Imports (2018): $495M, Rank 76 of 88

GDP (2018): $1.61B, CURRENT US$
Rank 175 of 196

GDP growth (2008 - 2018): 17.7%, CURRENT US$
Rank 131 of 196

GDP PC (2018): $16,727, CURRENT US$
Rank 55 of 196

GDP PC GROWTH (2008 - 2018): 4.38%, CURRENT US$
Rank 132 of 196

Overview: This page contains the latest international trade data for Antigua and Barbuda, including service trade data. In 2018 Antigua and Barbuda was the number 175 economy in the world in terms of GDP (current US$), the number 175 in total exports, and the number 173 in total imports. In 2018, Antigua and Barbuda exported $192M and imported $955M, resulting in a negative trade balance of -$762M. In 2018, Antigua and Barbuda's exports per capita were $2k and its imports per capita were $9.91k.

Trade: The top exports of Antigua and Barbuda are Passenger and Cargo Ships ($125M), Refined Petroleum ($13.7M), Precious Metal Scraps ($8.67M), Corn ($6.3M), and Other Furniture ($4.92M). The top imports of Antigua and Barbuda are Refined Petroleum ($243M), Passenger and Cargo Ships ($150M), Cars ($30.4M), Recreational Boats ($17.8M), and Other Furniture ($12.2M).

Destinations: Antigua and Barbuda exports mostly to Poland ($114M), Germany ($12.9M), Bermuda ($11.8M), United Arab Emirates ($8.11M), and South Korea ($6.61M), and imports mostly from United States ($409M), Poland ($139M), China ($52.4M), United Kingdom ($28.1M), and Trinidad and Tobago ($21.9M).

Location: Antigua and Barbuda borders France, Saint Kitts and Nevis, Anguilla, and Montserrat by sea.

Yearly Exports

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Top Export (2018): Passenger and Cargo Ships, $125M

Top Destination (2018): Poland, $114M

In 2018 Antigua and Barbuda exported a total of $192M, making it the number 175 exporter in the world. During the last five reported years the exports of Antigua and Barbuda have changed by -$116M from $308M in 2013 to $192M in 2018.

The most recent exports are led by Passenger and Cargo Ships ($125M), Refined Petroleum ($13.7M), Precious Metal Scraps ($8.67M), Corn ($6.3M), and Other Furniture ($4.92M). The most common destination for the exports of Antigua and Barbuda are Poland ($114M), Germany ($12.9M), Bermuda ($11.8M), United Arab Emirates ($8.11M), and South Korea ($6.61M).

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Yearly Imports

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Top Import (2018): Refined Petroleum, $243M

Top Origin (2018): United States, $409M

In 2018 Antigua and Barbuda imported $955M, making it the number 173 trade destination in the world. During the last five reported years the imports of Antigua and Barbuda changed by -$28.3M from $983M in 2013 to $955M in 2018.

The most recent imports of Antigua and Barbuda are led by Refined Petroleum ($243M), Passenger and Cargo Ships ($150M), Cars ($30.4M), Recreational Boats ($17.8M), and Other Furniture ($12.2M). The most common import partners for Antigua and Barbuda are United States ($409M), Poland ($139M), China ($52.4M), United Kingdom ($28.1M), and Trinidad and Tobago ($21.9M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Antigua and Barbuda Exports Services (2018): $1.11B

Antigua and Barbuda Imports Services (2018): $495M

In 2018, Antigua and Barbuda exported $1.11B worth of services. The top services exported by Antigua and Barbuda in 2018 were Travel ($881M), Transportation ($134M), Other business services ($53.6M), Insurance services ($33.3M), and Computer and information services ($8.97M).

The top services imported by Antigua and Barbuda in 2018 were Other business services ($207M), Transportation ($109M), Travel ($88.3M), Insurance services ($38M), and Personal, cultural, and recreational services ($21.6M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Antigua and Barbuda. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Most Specialized Products by RCA Index

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Antigua and Barbuda has a high level of specialization in Passenger and Cargo Ships (245), Tug Boats (84), Precious Metal Scraps (45.9), Prepared Explosives (31.4), and Large Coated Flat-Rolled Iron (27.2). Specialization is measured using RCA, an index that takes the ratio between Antigua and Barbuda observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Antigua and Barbuda according to the product complexity index (PCI) are Parts and accessories for musical instruments (1.27), Flat-rolled iron/steel, <600mm, clad, plated or coated (0.79), Photographic paper, board, etc sensitised, unexposed (0.71), Electrical switches, connectors, etc, for < 1kV (0.59), and Multiple-walled insulating units of glass (0.54). 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 Antigua and Barbuda according to the relatedness index, are Non-fillet Fresh Fish (0.069), Scrap Iron (0.067), Cocoa Beans (0.067), Gold (0.066), and Scrap Vessels (0.064). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Antigua and Barbuda 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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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.