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2022
Product
Exports | Imports $382M | $109M178 of 226 |  212 of 226

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Overview In 2022 Falkland Islands was the number 178 economy in the world in terms of total exports and the number 212 in total imports.

Exports The top exports of Falkland Islands are Molluscs ($330M), Non-fillet Frozen Fish ($36.3M), Wool ($7.87M), Fish Fillets ($3.77M), and Sheep and Goat Meat ($2.51M), exporting mostly to Spain ($268M), Morocco ($33.9M), United States ($32.1M), Namibia ($18.2M), and Germany ($7.83M).

Imports The top imports of Falkland Islands are Refined Petroleum ($27M), Prefabricated Buildings ($7.24M), Planes, Helicopters, and/or Spacecraft ($6.16M), Iron Structures ($2.67M), and Cars ($2.28M), importing mostly from United Kingdom ($79.4M), Spain ($26M), Netherlands ($1.51M), Ireland ($409k), and Switzerland ($302k).

Location Falkland Islands borders Bolivia, Brazil, Chile, Paraguay, and Uruguay by land and Argentina 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 Falkland Islands.

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 (2022)Molluscs$330M
Top Destination (2022)Spain$268M

In 2022, Falkland Islands exported a total of $382M, making it the number 178 exporter in the world. During the last five reported years the exports of Falkland Islands have changed by $177M from $206M in 2017 to $382M in 2022.

The most recent exports are led by Molluscs ($330M), Non-fillet Frozen Fish ($36.3M), Wool ($7.87M), Fish Fillets ($3.77M), and Sheep and Goat Meat ($2.51M). The most common destination for the exports of Falkland Islands are Spain ($268M), Morocco ($33.9M), United States ($32.1M), Namibia ($18.2M), and Germany ($7.83M).

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Exports (2022)
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Destinations (2022)
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Market Growth

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Growth
Fastest Growing Export Markets (2021 - 2022)
Spain$19.7M (+ 7.94%)
United States$19.5M (+ 154%)
Morocco$13M (+ 62.6%)
Fastest Growing Import Markets (2021 - 2022)
Netherlands$327k (+ 27.6%)
Ireland$273k (+ 199%)
Switzerland$213k (+ 239%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

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Economic Complexity

Most Specialized Products by RCA Index

Falkland Islands has a high level of specialization in Molluscs (1.59k), Wool (149), Non-fillet Frozen Fish (79.9), Sheep and Goat Meat (16.4), and Fish Fillets (7.44). Specialization is measured using RCA, an index that takes the ratio between Falkland Islands observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Falkland Islands according to the relatedness index, were Crustaceans (0.021), Non-fillet Fresh Fish (0.019), Animal Meal and Pellets (0.017), Dried/Salted/Smoked/Brined Fish (0.016), and Fish Oil (0.016). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Falkland Islands 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 Falkland Islands. These are products that tend to be co-exported with the products that Falkland Islands exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

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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