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2023
Product
Exports | Imports $52.5M | $730M203 of 226 |  188 of 226

About

Overview In 2023 Bonaire was the number 203 economy in the world in terms of total exports and the number 188 in total imports.

Exports The top exports of Bonaire are Refined Petroleum ($45.7M), Salt ($2.64M), Orthopedic Appliances ($658k), Medical Instruments ($511k), and Other Fermented Beverages ($414k), exporting mostly to Netherlands ($39.1M), France ($9.59M), Belgium ($2.7M), United Kingdom ($790k), and Sweden ($183k).

Imports The top imports of Bonaire are Refined Petroleum ($564M), Packaged Medicaments ($9.5M), Other Furniture ($8.58M), Vaccines, blood, antisera, toxins and cultures ($8.48M), and Other Edible Preparations ($5.44M), importing mostly from Canada ($342M), Colombia ($202M), Netherlands ($140M), France ($21.4M), and United Kingdom ($8.83M).

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Bonaire.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Refined Petroleum$45.7M
Top Destination (2023)Netherlands$39.1M

In 2023, Bonaire exported a total of $52.5M, making it the number 203 exporter in the world. During the last five reported years the exports of Bonaire have changed by -$115M from $167M in 2018 to $52.5M in 2023.

The most recent exports are led by Refined Petroleum ($45.7M), Salt ($2.64M), Orthopedic Appliances ($658k), Medical Instruments ($511k), and Other Fermented Beverages ($414k). The most common destination for the exports of Bonaire are Netherlands ($39.1M), France ($9.59M), Belgium ($2.7M), United Kingdom ($790k), and Sweden ($183k).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
Netherlands$36.7M (+ 1.5k%)
France$5.26M (+ 121%)
United Kingdom$365k (+ 85.8%)
Fastest Growing Import Markets (2022 - 2023)
Canada$187M (+ 121%)
France$16M (+ 296%)
Spain$651k (+ 152%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Economic Complexity

Most Specialized Products by RCA Index

Bonaire has a high level of specialization in Salt (239), Scrap Lead (106), Other Fermented Beverages (99.4), Cathode Tubes (45.6), and Refined Petroleum (21.1). Specialization is measured using RCA, an index that takes the ratio between Bonaire observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Bonaire according to the relatedness index, were Hard Liquor (0.032), Non-fillet Fresh Fish (0.03), Non-fillet Frozen Fish (0.029), Other Animals (0.028), and Cocoa Beans (0.028). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Bonaire is not specialized in.

Product Space

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 a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Bonaire. These are products that tend to be co-exported with the products that Bonaire exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

Diversification Frontier

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