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Overview In 2021 Falkland Islands was the number 175 economy in the world in terms of total exports and the number 208 in total imports.

Exports The top exports of Falkland Islands are Molluscs ($279M), Non-fillet Frozen Fish ($15.9M), Wool ($7.85M), Sheep and Goat Meat ($895k), and Fish Fillets ($799k), exporting mostly to Spain ($247M), Morocco ($20.7M), United States ($11.7M), Germany ($5.07M), and South Africa ($4.36M).

Imports The top imports of Falkland Islands are Fishing Ships ($30.1M), Refined Petroleum ($29.8M), Low-voltage Protection Equipment ($5.72M), Electrical Control Boards ($5.15M), and Iron Structures ($3.62M), importing mostly from United Kingdom ($81.5M), Spain ($44.5M), Greece ($14.4M), Netherlands ($1.18M), and Belgium ($702k).

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.

*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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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Molluscs$279M
Top Destination (2021)Spain$247M

In 2021, Falkland Islands exported a total of $308M, making it the number 175 exporter in the world. During the last five reported years the exports of Falkland Islands have changed by $52M from $256M in 2016 to $308M in 2021.

The most recent exports are led by Molluscs ($279M), Non-fillet Frozen Fish ($15.9M), Wool ($7.85M), Sheep and Goat Meat ($895k), and Fish Fillets ($799k). The most common destination for the exports of Falkland Islands are Spain ($247M), Morocco ($20.7M), United States ($11.7M), Germany ($5.07M), and South Africa ($4.36M).

Explore Visualizations

Exports (2021)
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Destinations (2021)
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Market Growth

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Fastest Growing Export Markets (2020 - 2021)
Spain$20.9M (+ 9.25%)
Morocco$12.5M (+ 153%)
South Africa$3.81M (+ 692%)
Fastest Growing Import Markets (2020 - 2021)
United Kingdom$17.7M (+ 27.8%)
Spain$15.8M (+ 55.1%)
Canada$435k (+ 515%)

Total Export Growth by Market (2020 - 2021)

Economic Complexity

Most Specialized Products by RCA Index

Falkland Islands has a high level of specialization in Molluscs (1.75k), Wool (147), Non-fillet Frozen Fish (43.4), Sheep and Goat Meat (5.81), and Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials (2.74). Specialization is measured using RCA, an index that takes the ratio between Falkland Islands observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Falkland Islands according to the product complexity index (PCI) are Twine, cordage or rope; knotted netting, made up fishing nets and other... (-0.84), Fish fillets and other fish meat (whether or not minced); fresh, chilled... (-1.25), Molluscs; whether in shell or not, live, fresh, chilled, frozen, dried, salted... (-1.45), Fish; frozen, excluding fish fillets and other fish meat of heading 0304 (-1.55), and Meat of sheep or goats; fresh, chilled or frozen (-1.6). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Falkland Islands according to the relatedness index, were Crustaceans (0.015), Non-fillet Fresh Fish (0.014), Fish oil (0.013), Animal Meal and Pellets (0.013), and Fish: dried, salted, smoked or in brine (0.012). 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.

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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