Suriname
2021 Product Exports | Imports: $2.83B | $1.65B, 136 of 226 | 167 of 226
2021 Per Capita Product Exports | Imports: $4.78k | $2.8k, 48 of 219 | 108 of 219
2020 Service Exports | Imports : $104M | $516M, 65 of 65 | 61 of 65
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
#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 sectionThe 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.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionTop 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).
Market Growth
#permalink to sectionFastest 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%)
Service Trade
#permalink to sectionService Trade
#permalink to sectionSuriname 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).
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionSuriname 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
#permalink to sectionThe highest complexity exports of Suriname according to the product complexity index (PCI) are Excavation Machinery (1.02), Electric Motor Parts (0.65), Carbon (0.16), Vegetable and Mineral Carvings (-0.12), and Non-Iron and Steel Slag, Ash and Residues (-0.2). 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, 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
#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.
