In 2020, Kiribati exported a total of $95.7M, making it the number 192 exporter in the world. During the last five reported years the exports of Kiribati have changed by -$33.7M from $129M in 2015 to $95.7M in 2020.
In 2014, Kiribati exported $12M worth of services. The top services exported by Kiribati in 2014 were Financial services ($3.52M), Business travel ($2.33M), Construction in the compiling economy ($2.18M), Air transport ($1.01M), and Government services, n.i.e. ($919k).
The top services imported by Kiribati in 2014 were Miscellaneous business, professional, and technical services ($526M), Sea transport ($13.4M), Air transport ($10.9M), Construction in the compiling economy ($10.9M), and Government services, n.i.e. ($9.71M).
The top export opportunities for Kiribati according to the relatedness index, are Palm Oil (0.027), Cocoa Beans (0.026), Non-fillet Fresh Fish (0.022), Crustaceans (0.02), and Coral and Shells (0.018). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Kiribati 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 a country currently specializes in.
This network shows the products most related to the production structure of Kiribati. These are products that tend to be co-exported with the products that Kiribati exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
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.