Flag Kiribati

Product Exports (2018): $133M, Rank 183 of 222

Exports Per Capita (2018): $1.15k, Rank 184 of 219

Product Imports (2018): $89.2M, Rank 208 of 221

Imports Per Capita (2018): $770, Rank 215 of 219

Service Exports (2014): $12M, Rank 174 of 176

Service Imports (2014): $579M, Rank 144 of 175

GDP (2018): $188M, CURRENT US$
Rank 194 of 196

GDP growth (2008 - 2018): 33.5%, CURRENT US$
Rank 107 of 196

GDP PC (2018): $1,625, CURRENT US$
Rank 157 of 196

GDP PC GROWTH (2008 - 2018): 13.8%, CURRENT US$
Rank 117 of 196

Overview: In 2018 Kiribati was the number 194 economy in the world in terms of GDP (current US$), the number 183 in total exports, and the number 208 in total imports. In 2018, Kiribati exported $133M and imported $89.2M, resulting in a positive trade balance of $44M. In 2018, Kiribati's exports per capita were $1.15k and its imports per capita were $770.

Trade: The top exports of Kiribati are Non-fillet Frozen Fish ($121M), Fish Fillets ($4.95M), Coconut Oil ($2.07M), Copra ($1.44M), and Non-fillet Fresh Fish ($1.4M). The top imports of Kiribati are Refined Petroleum ($4.05M), Poultry Meat ($3.36M), Netting ($3.2M), Processed Tobacco ($2.87M), and Wheat Flours ($2.77M).

Destinations: Kiribati exports mostly to Thailand ($84.9M), Mexico ($20.6M), Philippines ($8.24M), Japan ($8.11M), and South Korea ($3.69M), and imports mostly from Fiji ($17.9M), China ($17.8M), South Korea ($13M), Australia ($12.7M), and Japan ($5.78M).

Product Exports

#permalink to section
Depth
Value

Top Export (2018): Non-fillet Frozen Fish, $121M

Top Destination (2018): Thailand, $84.9M

In 2018 Kiribati exported a total of $133M, making it the number 183 exporter in the world. During the last five reported years the exports of Kiribati have changed by $39.7M from $93.5M in 2013 to $133M in 2018.

The most recent exports are led by Non-fillet Frozen Fish ($121M), Fish Fillets ($4.95M), Coconut Oil ($2.07M), Copra ($1.44M), and Non-fillet Fresh Fish ($1.4M). The most common destination for the exports of Kiribati are Thailand ($84.9M), Mexico ($20.6M), Philippines ($8.24M), Japan ($8.11M), and South Korea ($3.69M).

Explore Visualizations

Product Imports

#permalink to section
Depth
Value

Top Import (2018): Refined Petroleum, $4.05M

Top Origin (2018): Fiji, $17.9M

In 2018 Kiribati imported $89.2M, making it the number 208 trade destination in the world. During the last five reported years the imports of Kiribati changed by -$71.5M from $161M in 2013 to $89.2M in 2018.

The most recent imports of Kiribati are led by Refined Petroleum ($4.05M), Poultry Meat ($3.36M), Netting ($3.2M), Processed Tobacco ($2.87M), and Wheat Flours ($2.77M). The most common import partners for Kiribati are Fiji ($17.9M), China ($17.8M), South Korea ($13M), Australia ($12.7M), and Japan ($5.78M).

Explore Visualizations

Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

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).

Trade Forecasts

#permalink to section

This section shows forecasts for total product exports and imports for Kiribati. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Economic Complexity

#permalink to section

Most Specialized Products by RCA Index

#permalink to section

Kiribati has a high level of specialization in Non-fillet Frozen Fish (636), Live Fish (76.8), Coconut Oil (43.3), Fish Fillets (27.1), and Non-fillet Fresh Fish (9). 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

#permalink to section

The highest complexity exports of Kiribati according to the product complexity index (PCI) are Machine-tools for non-mechanical removal of material (2.01), Industrial food and drink preparation machinery nes (0.74), Polymers of vinyl chloride, other halogenated olefins (0.37), Fish fillets, fish meat, mince except liver, roe (-1.02), and Live fish (-1.12). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities for Kiribati according to the relatedness index, are Crustaceans (0.022), Processed Crustaceans (0.02), Cocoa Beans (0.018), Molluscs (0.018), and Palm Oil (0.017). 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.

Diversification Frontier

#permalink to section
Depth
Filter

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.