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2021
Product
Exports | Imports $2.83B | $1.65B136 of 226 |  167 of 226
2021
Per Capita Product
Exports | Imports $4.61k | $2.7k59 of 220 |  111 of 220

About

Overview In 2021 Suriname was the number 136 economy in the world in terms of total exports and the number 167 in total imports.

Exports The top exports of Suriname are Gold ($2.26B), Rough Wood ($103M), Refined Petroleum ($85M), Excavation Machinery ($47.9M), and Rice ($46M), exporting mostly to Switzerland ($1.45B), United Arab Emirates ($622M), Belgium ($164M), Trinidad and Tobago ($70.2M), and Guyana ($69.8M).

Imports The top imports of Suriname are Refined Petroleum ($124M), Excavation Machinery ($71.7M), Delivery Trucks ($61.9M), Cars ($55.8M), and Rolled Tobacco ($51.2M), importing mostly from United States ($314M), China ($266M), Netherlands ($246M), Trinidad and Tobago ($137M), and Japan ($54M).

Location Suriname borders Brazil, France, and Guyana by land.

Latest Trends

Latest Trade

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Y-AXIS SCALE

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

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

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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 (2021)Gold$2.26B
Top Destination (2021)Switzerland$1.45B

In 2021, Suriname exported a total of $2.83B, making it the number 136 exporter in the world. During the last five reported years the exports of Suriname have changed by $1.34B from $1.48B in 2016 to $2.83B in 2021.

The most recent exports are led by Gold ($2.26B), Rough Wood ($103M), Refined Petroleum ($85M), Excavation Machinery ($47.9M), and Rice ($46M). The most common destination for the exports of Suriname are Switzerland ($1.45B), United Arab Emirates ($622M), Belgium ($164M), Trinidad and Tobago ($70.2M), and Guyana ($69.8M).

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Exports (2021)
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Destinations (2021)
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Market Growth

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Fastest Growing Export Markets (2020 - 2021)
Switzerland$365M (+ 33.8%)
Belgium$89.5M (+ 120%)
United Arab Emirates$80.8M (+ 14.9%)
Fastest Growing Import Markets (2020 - 2021)
China$50M (+ 23.1%)
Netherlands$27.1M (+ 12.4%)
United Arab Emirates$21.7M (+ 326%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

Suriname Exports Services (2020)$104M
Suriname Imports Services (2020)$516M

In 2020, Suriname exported $104M worth of services. The top services exported by Suriname in 2020 were Miscellaneous business, professional, and technical services ($38.9M), Sea transport ($18.2M), Personal travel ($13.9M), Air transport ($10.6M), and Telecommunications services ($8.19M).

The top services imported by Suriname in 2020 were Miscellaneous business, professional, and technical services ($277M), Sea transport ($74.1M), Personal travel ($52M), Construction in the compiling economy ($21.1M), and Telecommunications services ($20.2M).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Most Specialized Products by RCA Index

Suriname has a high level of specialization in Rough Wood (41.7), Gold (38.7), Non-fillet Frozen Fish (12.3), Rice (12.1), and Gravel and Crushed Stone (12). Specialization is measured using RCA, an index that takes the ratio between Suriname observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Suriname according to the product complexity index (PCI) are Machinery parts; used solely or principally with the machinery of heading no.... (1.02), Electric motors and generators; parts suitable for use solely or principally with... (0.65), Carbon; carbon blacks and other forms of carbon n.e.c. (0.16), Vegetable, mineral carving material and articles of these materials, moulded or carved... (-0.12), and Slag, ash and residues; (not from the manufacture of iron or steel)... (-0.2). 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 Suriname according to the relatedness index, were Cocoa Beans (0.06), Crude Petroleum (0.056), Raw Sugar (0.055), Fish oil (0.055), and Refined Petroleum (0.054). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Suriname 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 Suriname. These are products that tend to be co-exported with the products that Suriname 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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