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2023
Product
Exports | Imports $370M | $1.21B174 of 226 |  177 of 226
2023
Per Capita Product
Exports | Imports $2.5k | $8.16k87 of 220 |  36 of 220

About

Overview In 2023 Curaçao was the number 174 economy in the world in terms of total exports and the number 177 in total imports.

Exports The top exports of Curaçao are Diamonds ($89.9M), Refined Petroleum ($33.4M), Crude Petroleum ($30.4M), Gold ($13.2M), and Petroleum Coke ($12.4M), exporting mostly to Armenia ($212M), United States ($56.6M), Guyana ($19.8M), Dominican Republic ($16.2M), and Netherlands ($9.14M).

Imports The top imports of Curaçao are Refined Petroleum ($254M), Cars ($62.3M), Packaged Medicaments ($27M), Other Edible Preparations ($25.4M), and Other Furniture ($19.1M), importing mostly from United States ($465M), Netherlands ($288M), China ($73.4M), Colombia ($60.6M), and Brazil ($37.4M).

Location Curaçao borders Dominican Republic and Venezuela by sea.

Latest Trends

Latest Trade

Flow
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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.

* 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)Diamonds$89.9M
Top Destination (2023)Armenia$212M

In 2023, Curaçao exported a total of $370M, making it the number 174 exporter in the world. During the last five reported years the exports of Curaçao have changed by -$392M from $762M in 2018 to $370M in 2023.

The most recent exports are led by Diamonds ($89.9M), Refined Petroleum ($33.4M), Crude Petroleum ($30.4M), Gold ($13.2M), and Petroleum Coke ($12.4M). The most common destination for the exports of Curaçao are Armenia ($212M), United States ($56.6M), Guyana ($19.8M), Dominican Republic ($16.2M), and Netherlands ($9.14M).

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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)
Armenia$81.3M (+ 62.2%)
United States$13.4M (+ 30.9%)
Guyana$9.19M (+ 86.6%)
Fastest Growing Import Markets (2022 - 2023)
Colombia$22.5M (+ 59%)
United States$11.1M (+ 2.44%)
Dominican Republic$4.19M (+ 32.7%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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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 (78.4), Diamonds (55.8), Margarine (27.9), Petroleum Coke (24.4), and Utility Meters (19.1). Specialization is measured using RCA, an index that takes the ratio between Curaçao observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Curaçao according to the relatedness index, were Large Iron Containers (0.18), Recreational Boats (0.18), Hard Liquor (0.18), Beer (0.18), and Paper Containers (0.18). 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.

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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