Comoros
2020 Product Exports | Imports: $59.3M | $345M, 197 of 226 | 190 of 226
2020 Per Capita Product Exports | Imports: $68.1 | $396, 207 of 219 | 178 of 219
2018 Service Exports | Imports : $108M | $106M, 132 of 138 | 136 of 138
Overview In 2020 Comoros was the number 197 economy in the world in terms of total exports and the number 190 in total imports.
Exports The top exports of Comoros are Cloves ($21.3M), Recreational Boats ($11.8M), Essential Oils ($8.79M), Vanilla ($8.24M), and Scrap Vessels ($3.92M), exporting mostly to India ($15.6M), Greece ($13.3M), France ($7.17M), Germany ($5.43M), and Turkey ($4.07M).
Imports The top imports of Comoros are Rice ($32.3M), Poultry Meat ($24.3M), Cars ($17M), Refined Petroleum ($16.1M), and Cement ($15.2M), importing mostly from United Arab Emirates ($54.9M), China ($52.9M), France ($43.7M), Pakistan ($34M), and India ($22.5M).
Location Comoros borders France, Madagascar, Mozambique, Seychelles, and Tanzania by sea.
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe following section uses the most recent trade data from partners of Comoros.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data
#permalink to sectionThe 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.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionIn 2020, Comoros exported a total of $59.3M, making it the number 197 exporter in the world. During the last five reported years the exports of Comoros have changed by $9.28M from $50M in 2015 to $59.3M in 2020.
The most recent exports are led by Cloves ($21.3M), Recreational Boats ($11.8M), Essential Oils ($8.79M), Vanilla ($8.24M), and Scrap Vessels ($3.92M). The most common destination for the exports of Comoros are India ($15.6M), Greece ($13.3M), France ($7.17M), Germany ($5.43M), and Turkey ($4.07M).
Market Growth
#permalink to sectionFastest Growing Export Markets (2019 - 2020)
- Greece, $12.1M (+ 957%)
- United States, $1.19M (+ 58.4%)
- Netherlands, $480k (+ 40.2%)
Service Trade
#permalink to sectionService Trade
#permalink to sectionComoros Exports Services (2018): $108M
Comoros Imports Services (2018): $106M
In 2018, Comoros exported $108M worth of services. The top services exported by Comoros in 2018 were Personal travel ($64.5M), Computer and information services ($20.2M), Business travel ($11.5M), Transportation ($6.14M), and Government services, n.i.e. ($4.43M).
The top services imported by Comoros in 2018 were Transportation ($53.7M), Personal travel ($24.5M), Other business services ($9.39M), Insurance services ($8.66M), and Computer and information services ($6.88M).
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionComoros has a high level of specialization in Vanilla (2.48k), Scrap Vessels (486), Essential Oils (459), Recreational Boats (175), and Vacuum Flask (86.8). Specialization is measured using RCA, an index that takes the ratio between Comoros observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Comoros according to the product complexity index (PCI) are Aluminium Gas Containers (1.05), Boiler Plants (0.99), Large Construction Vehicles (0.78), Vacuum Flask (0.65), and Iron Gas Containers (0.38). 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 Comoros according to the relatedness index, are Cocoa Beans (0.039), Coconut Oil (0.032), Fish Fillets (0.03), Crustaceans (0.03), and Fish oil (0.03). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Comoros 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 a country currently specializes in.
Diversification Frontier
#permalink to sectionThe 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.
