Bonaire
Product Exports (2018): $37.5M, Rank 199 of 222
Product Imports (2018): $297M, Rank 190 of 221
Exports: The top exports of Bonaire are Crude Petroleum ($33.9M), Salt ($1.87M), Orthopedic Appliances ($563k), Surveying Equipment ($141k), and Paintings ($118k), exporting mostly to Belgium-Luxembourg ($35.8M), Netherlands ($1.3M), United Kingdom ($372k), Norway ($7.53k), and Canada ($5.79k).
Imports: The top imports of Bonaire are Refined Petroleum ($135M), Crude Petroleum ($63M), Spices ($6.26M), Packaged Medicaments ($5.15M), and Beer ($4.78M), importing mostly from Colombia ($119M), Canada ($79.2M), Netherlands ($76M), United Kingdom ($8.89M), and Belgium-Luxembourg ($3.87M).
Product Trade
#permalink to sectionYearly Exports
#permalink to sectionTop Export (2018): Crude Petroleum, $33.9M
Top Destination (2018): Belgium-Luxembourg, $35.8M
In 2018, Bonaire exported a total of $37.5M, making it the number 199 exporter in the world. During the last five reported years the exports of Bonaire have changed by $33.9M from $3.54M in 2013 to $37.5M in 2018.
The most recent exports are led by Crude Petroleum ($33.9M), Salt ($1.87M), Orthopedic Appliances ($563k), Surveying Equipment ($141k), and Paintings ($118k). The most common destination for the exports of Bonaire are Belgium-Luxembourg ($35.8M), Netherlands ($1.3M), United Kingdom ($372k), Norway ($7.53k), and Canada ($5.79k).
Yearly Imports
#permalink to sectionTop Import (2018): Refined Petroleum, $135M
Top Origin (2018): Colombia, $119M
In 2018 Bonaire imported $297M, making it the number 190 trade destination in the world. During the last five reported years the imports of Bonaire changed by $233M from $64M in 2013 to $297M in 2018.
The most recent imports of Bonaire are led by Refined Petroleum ($135M), Crude Petroleum ($63M), Spices ($6.26M), Packaged Medicaments ($5.15M), and Beer ($4.78M). The most common import partners for Bonaire are Colombia ($119M), Canada ($79.2M), Netherlands ($76M), United Kingdom ($8.89M), and Belgium-Luxembourg ($3.87M).
Market Growth
#permalink to sectionFastest Growing Export Markets (2017 - 2018)
- Belgium-Luxembourg, $32.5M (+ 982%)
- Netherlands, $680k (+ 110%)
- Norway, $928 (+ 14.1%)
Fastest Growing Import Markets (2017 - 2018)
- Canada, $79M (+ 44.1k%)
- Netherlands, $8.65M (+ 12.8%)
- United Kingdom, $6.32M (+ 246%)
Forecasts
#permalink to sectionTrade Forecasts
#permalink to sectionThis section shows forecasts for total product exports and imports for Bonaire. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionBonaire has a high level of specialization in Salt (281), Crude Petroleum (15.4), Vermouth (11.1), Surveying Equipment (7.89), and Bedspreads (6.63). Specialization is measured using RCA, an index that takes the ratio between Bonaire observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Bonaire according to the product complexity index (PCI) are Equipment for soldering, brazing or welding (1.2), Machinery parts, without electric features, nes (1.18), Orthopaedic appliances (1.03), Rubber plate, sheet, strip, rod etc, except hard (0.96), and Paintings, drawings, pastels, collages etc, hand made (0.84). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Bonaire according to the relatedness index, are Collector's Items (0.021), Petroleum Gas (0.021), Scrap Vessels (0.021), Scrap Copper (0.02), and Revenue Stamps (0.02). 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
#permalink to sectionThe 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
#permalink to sectionThe 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.
