In 2019, Kiribati exported a total of $86.3M, making it the number 192 exporter in the world. During the last five reported years the exports of Kiribati have changed by $8.23M from $78.1M in 2014 to $86.3M in 2019.
In 2019 Kiribati imported $100M, making it the number 210 trade destination in the world. During the last five reported years the imports of Kiribati changed by -$108M from $208M in 2014 to $100M in 2019.
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 Crustaceans (0.029), Molluscs (0.026), Processed Crustaceans (0.026), Processed Fish (0.026), and Cocoa Beans (0.024). 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 it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a 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 emissions.