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Overview In 2021 Curaçao was the number 174 economy in the world in terms of total exports and the number 178 in total imports.

Exports The top exports of Curaçao are Refined Petroleum ($150M), Crude Petroleum ($31.5M), Petroleum Coke ($27.2M), Non-fillet Frozen Fish ($17M), and Fishing Ships ($9.36M), exporting mostly to Costa Rica ($44.4M), Netherlands ($43.2M), Guatemala ($37.7M), United States ($37.2M), and Nicaragua ($23.3M).

Imports The top imports of Curaçao are Refined Petroleum ($181M), Integrated Circuits ($50.2M), Cars ($42.7M), Packaged Medicaments ($30.1M), and Other Edible Preparations ($23.7M), importing mostly from United States ($335M), Netherlands ($245M), Canada ($63.5M), China ($54.8M), and Philippines ($53.5M).

Location Curaçao borders Dominican Republic and Venezuela by sea.

Latest Trends

Latest Trade

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Y-AXIS SCALE

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

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.

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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.

Subscribe today to OEC pro and access the latest data

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Subscribe today to OEC pro and access the latest data

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Refined Petroleum$150M
Top Destination (2021)Costa Rica$44.4M

In 2021, Curaçao exported a total of $326M, making it the number 174 exporter in the world. During the last five reported years the exports of Curaçao have changed by -$1.33B from $1.66B in 2016 to $326M in 2021.

The most recent exports are led by Refined Petroleum ($150M), Crude Petroleum ($31.5M), Petroleum Coke ($27.2M), Non-fillet Frozen Fish ($17M), and Fishing Ships ($9.36M). The most common destination for the exports of Curaçao are Costa Rica ($44.4M), Netherlands ($43.2M), Guatemala ($37.7M), United States ($37.2M), and Nicaragua ($23.3M).

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Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
Netherlands$35.6M (+ 463%)
Guatemala$35.5M (+ 1.62k%)
Costa Rica$33.6M (+ 311%)
Fastest Growing Import Markets (2020 - 2021)
Canada$54M (+ 566%)
United States$36.5M (+ 12.2%)
Philippines$34M (+ 174%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

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).

Service Exports (2018)

Service Imports (2018)

Economic Complexity

Most Specialized Products by RCA Index

Curaçao has a high level of specialization in Fishing Ships (305), Collector's Items (75.9), Other Paints (75.2), Petroleum Coke (73.8), and Tug Boats (57). 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

Export Opportunities by Relatedness

The top export opportunities for Curaçao according to the relatedness index, were Gold (0.11), Non-fillet Fresh Fish (0.11), Other Animals (0.1), Cement (0.1), and Tropical Fruits (0.1). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Curaçao 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 Curaçao. These are products that tend to be co-exported with the products that Curaçao exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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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.

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