Flag Curaçao

Product Exports (2018): $551M, Rank 160 of 222

Exports Per Capita (2018): $3.45k, Rank 161 of 219

Product Imports (2018): $1.88B, Rank 158 of 221

Imports Per Capita (2018): $11.8k, Rank 130 of 219

Service Exports (2018): $1.21B, Rank 57 of 88

Service Imports (2018): $1.05B, Rank 64 of 88

GDP (2018): $3.13B, CURRENT US$
Rank 164 of 196

GDP PC (2018): $19,568, CURRENT US$
Rank 47 of 196

Overview: This page contains the latest international trade data for Curaçao, including service trade data. In 2018 Curaçao was the number 164 economy in the world in terms of GDP (current US$), the number 160 in total exports, and the number 158 in total imports. In 2018, Curaçao exported $551M and imported $1.88B, resulting in a negative trade balance of -$1.33B. In 2018, Curaçao's exports per capita were $3.45k and its imports per capita were $11.8k.

Trade: The top exports of Curaçao are Refined Petroleum ($207M), Gold ($138M), Jewellery ($44.8M), Non-fillet Frozen Fish ($29.7M), and Diamonds ($10.6M). The top imports of Curaçao are Crude Petroleum ($659M), Refined Petroleum ($273M), Cars ($68.8M), Other Floating Structures ($33.2M), and Packaged Medicaments ($25M).

Destinations: Curaçao exports mostly to Switzerland ($128M), United States ($102M), Spain ($55.1M), Singapore ($50.9M), and Nicaragua ($44.7M), and imports mostly from United States ($591M), Russia ($494M), Netherlands ($279M), China ($69.5M), and Philippines ($56.5M).

Location: Curaçao borders Dominican Republic and Venezuela by sea.

Yearly Exports

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Value
Depth
Year

Top Export (2018): Refined Petroleum, $207M

Top Destination (2018): Switzerland, $128M

In 2018 Curaçao exported a total of $551M, making it the number 160 exporter in the world. During the last five reported years the exports of Curaçao have changed by -$3.08B from $3.63B in 2013 to $551M in 2018.

The most recent exports are led by Refined Petroleum ($207M), Gold ($138M), Jewellery ($44.8M), Non-fillet Frozen Fish ($29.7M), and Diamonds ($10.6M). The most common destination for the exports of Curaçao are Switzerland ($128M), United States ($102M), Spain ($55.1M), Singapore ($50.9M), and Nicaragua ($44.7M).

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Yearly Imports

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Value
Depth
Year

Top Import (2018): Crude Petroleum, $659M

Top Origin (2018): United States, $591M

In 2018 Curaçao imported $1.88B, making it the number 158 trade destination in the world. During the last five reported years the imports of Curaçao changed by -$913M from $2.79B in 2013 to $1.88B in 2018.

The most recent imports of Curaçao are led by Crude Petroleum ($659M), Refined Petroleum ($273M), Cars ($68.8M), Other Floating Structures ($33.2M), and Packaged Medicaments ($25M). The most common import partners for Curaçao are United States ($591M), Russia ($494M), Netherlands ($279M), China ($69.5M), and Philippines ($56.5M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Curaçao Exports Services (2018): $1.21B

Curaçao Imports Services (2018): $1.05B

In 2018, Curaçao exported $1.21B worth of services. The top services exported by Curaçao in 2018 were Personal travel ($593M), Miscellaneous business, professional, and technical services ($451M), Other government services ($44.8M), Sea transport ($35.5M), and Construction services ($18.4M).

The top services imported by Curaçao in 2018 were Personal travel ($467M), Miscellaneous business, professional, and technical services ($285M), Air transport ($75.4M), Construction services ($60M), and Sea transport ($49M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Curaçao. 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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Curaçao has a high level of specialization in Bandages (39.5), Non-fillet Frozen Fish (37.8), Antibiotics (26.2), Precious Metal Scraps (16.6), and Jewellery (16). Specialization is measured using RCA, an index that takes the ratio between Curaçao observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Curaçao according to the product complexity index (PCI) are Chemical preparations for photographic use (2.16), Equipment using X-rays, alpha, beta, gamma rays (1.8), Equipment for soldering, brazing or welding (1.2), Typewriter and similar ribbons, ink pads, etc (1.16), and Special textile products for technical purposes (1.15). 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 Curaçao according to the relatedness index, are Scrap Lead (0.076), Recreational Boats (0.075), Base Metal Watches (0.073), Postage Stamps (0.072), and Non-fillet Fresh Fish (0.072). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Curaçao 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.