Suriname
2020 Product Exports | Imports: $2.34B | $1.08B, 136 of 226 | 173 of 226
2020 Per Capita Product Exports | Imports: $3.99k | $1.84k, 35 of 219 | 114 of 219
2018 Service Exports | Imports : $172M | $552M, 112 of 125 | 106 of 125
Overview In 2020 Suriname was the number 136 economy in the world in terms of total exports and the number 173 in total imports.
Exports The top exports of Suriname are Gold ($2B), Rough Wood ($83.2M), Non-fillet Frozen Fish ($43.5M), Refined Petroleum ($36.6M), and Rice ($34.6M), exporting mostly to Switzerland ($1.12B), United Arab Emirates ($704M), United States ($179M), China ($54.2M), and Belgium ($53.2M).
Imports The top imports of Suriname are Excavation Machinery ($55.2M), Cars ($48.2M), Rolled Tobacco ($26.7M), Delivery Trucks ($26.3M), and Large Construction Vehicles ($24.7M), importing mostly from United States ($246M), China ($221M), Netherlands ($204M), Japan ($46.9M), and Brazil ($31.4M).
Location Suriname borders Brazil, France, and Guyana by land.
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe 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.
Latest Data
#permalink to sectionData is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionTop Export (2020): Gold, $2B
Top Destination (2020): Switzerland, $246M
In 2020, Suriname exported a total of $2.34B, making it the number 136 exporter in the world. During the last five reported years the exports of Suriname have changed by $518M from $1.82B in 2015 to $2.34B in 2020.
The most recent exports are led by Gold ($2B), Rough Wood ($83.2M), Non-fillet Frozen Fish ($43.5M), Refined Petroleum ($36.6M), and Rice ($34.6M). The most common destination for the exports of Suriname are Switzerland ($1.12B), United Arab Emirates ($704M), United States ($179M), China ($54.2M), and Belgium ($53.2M).
Market Growth
#permalink to sectionFastest Growing Export Markets (2019 - 2020)
- Switzerland, $121M (+ 12.1%)
- United States, $103M (+ 135%)
- South Korea, $4.03M (+ 82%)
Service Trade
#permalink to sectionService Trade
#permalink to sectionSuriname Exports Services (2018): $172M
Suriname Imports Services (2018): $552M
In 2018, Suriname exported $172M worth of services. The top services exported by Suriname in 2018 were Personal travel ($51M), Miscellaneous business, professional, and technical services ($48.3M), Air transport ($26.5M), Sea transport ($15.9M), and Telecommunications services ($8.8M).
The top services imported by Suriname in 2018 were Miscellaneous business, professional, and technical services ($136M), Merchanting and other trade-related services ($99.1M), Personal travel ($81.2M), Construction in the compiling economy ($64.2M), and Sea transport ($42.6M).
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionSuriname has a high level of specialization in Rough Wood (45), Gold (33.9), Non-fillet Frozen Fish (13.5), Rice (9.25), and Processed Fish (7.84). 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
#permalink to sectionThe highest complexity exports of Suriname according to the product complexity index (PCI) are Electric motors and generators; parts suitable for use solely or principally with the machines of heading no. 8501 or 8502 (0.57), Vegetable, mineral carving material and articles of these materials, moulded or carved articles of wax, stearin, natural gums, resins or modelling pastes, worked unhardened gelatin (not heading no. 3503) (-0.2), Ice cream and other edible ice; whether or not containing cocoa (-0.35), Ferrous waste and scrap; remelting scrap ingots of iron or steel (-0.41), and Pebbles, gravel, crushed stone for concrete aggregates for road or railway ballast, shingle or flint; macadam of slag, dross etc tarred granules, chippings, powder of stones of heading no. 2515 and 2516 (-0.5). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Suriname according to the relatedness index, are Cocoa Beans (0.041), Crude Petroleum (0.037), Fish oil (0.036), Animal Meal and Pellets (0.036), and Collector's Items (0.035). 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
#permalink to sectionThe 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.
Diversification Frontier
#permalink to sectionThe 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.
