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2023
Product
Exports | Imports $83.3M | $158M197 of 226 |  209 of 226
2023
Per Capita Product
Exports | Imports $628 | $1.19k201 of 220 |  154 of 220

About

Overview In 2023 Kiribati was the number 197 economy in the world in terms of total exports and the number 209 in total imports.

Exports The top exports of Kiribati are Non-fillet Frozen Fish ($73.8M), Fish Fillets ($4.69M), Coconut Oil ($1.04M), Iron Pipes ($920k), and Gas Turbines ($668k), exporting mostly to Thailand ($71.1M), Japan ($5M), Philippines ($2.51M), United Arab Emirates ($1.74M), and Fiji ($688k).

Imports The top imports of Kiribati are Centrifuges ($9.17M), Passenger and Cargo Ships ($9.16M), Other Sea Vessels ($8.55M), Refined Petroleum ($7.07M), and Rice ($6.37M), importing mostly from China ($37.7M), Australia ($31.6M), Fiji ($24M), Japan ($11.5M), and New Zealand ($9.46M).

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Kiribati.

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)Non-fillet Frozen Fish$73.8M
Top Destination (2023)Thailand$71.1M

In 2023, Kiribati exported a total of $83.3M, making it the number 197 exporter in the world. During the last five reported years the exports of Kiribati have changed by -$35.6M from $119M in 2018 to $83.3M in 2023.

The most recent exports are led by Non-fillet Frozen Fish ($73.8M), Fish Fillets ($4.69M), Coconut Oil ($1.04M), Iron Pipes ($920k), and Gas Turbines ($668k). The most common destination for the exports of Kiribati are Thailand ($71.1M), Japan ($5M), Philippines ($2.51M), United Arab Emirates ($1.74M), and Fiji ($688k).

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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)
United Arab Emirates$1.73M (+ 12.8k%)
Thailand$429k (+ 0.61%)
Czechia$374k (+ 2.67M%)
Fastest Growing Import Markets (2022 - 2023)
Australia$14.7M (+ 87.1%)
Thailand$2.62M (+ 85.8%)
Japan$2.48M (+ 27.5%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Kiribati Exports Services (2014)$12M
Kiribati Imports Services (2014)$579M

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).

Service Exports (2014)

Service Imports (2014)

Economic Complexity

Most Specialized Products by RCA Index

Kiribati has a high level of specialization in Non-fillet Frozen Fish (765), Fish Fillets (42.7), Coconut Oil (42.5), Wadding (20.4), and Combed Wool or Animal Hair Fabric (10.2). Specialization is measured using RCA, an index that takes the ratio between Kiribati observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Kiribati according to the product complexity index (PCI) are Measuring or checking instruments, appliances and machines, n.e.c. or included in this... (1.51), Nickel; articles thereof n.e.c. in chapter 75 (1.49), Woven fabrics of combed wool or of combed fine animal hair (0.29), Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron)... (0.28), and Wadding of textile materials and articles thereof; textile fibres, not exceeding 5... (-0.041). 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 Kiribati according to the relatedness index, were Cocoa Beans (0.022), Non-fillet Fresh Fish (0.022), Crustaceans (0.022), Processed Crustaceans (0.022), and Dried/Salted/Smoked/Brined Fish (0.021). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Kiribati 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 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.

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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