Suriname (SUR) Exports, Imports, and Trade Partners

About

Overview: In 2018 Suriname was the number 161 economy in the world in terms of GDP (current US$), the number 132 in total exports, and the number 165 in total imports. In 2018, Suriname exported $2.51B and imported $1.34B, resulting in a positive trade balance of $1.17B. In 2018, Suriname's exports per capita were $4.36k and its imports per capita were $2.32k.

Trade: The top exports of Suriname are Gold ($1.77B), Precious Metal Scraps ($209M), Rough Wood ($140M), Refined Petroleum ($112M), and Bananas ($48M). The top imports of Suriname are Cars ($61.2M), Delivery Trucks ($58.1M), Excavation Machinery ($45.2M), Large Construction Vehicles ($33.9M), and Poultry Meat ($20.1M).

Destinations: Suriname exports mostly to Switzerland ($1.02B), Hong Kong ($441M), United Arab Emirates ($345M), Belgium-Luxembourg ($213M), and Guyana ($116M), and imports mostly from United States ($346M), Netherlands ($215M), China ($198M), Japan ($60.8M), and Trinidad and Tobago ($44M).

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

Product Trade

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Product Exports

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Depth

Year

Value

Top Export (2018): Gold, $1.77B

Top Destination (2018): Switzerland, $1.02B

In 2018 Suriname exported a total of $2.51B, making it the number 132 exporter in the world. During the last five reported years the exports of Suriname have changed by $804M from $1.7B in 2013 to $2.51B in 2018.

The most recent exports are led by Gold ($1.77B), Precious Metal Scraps ($209M), Rough Wood ($140M), Refined Petroleum ($112M), and Bananas ($48M). The most common destination for the exports of Suriname are Switzerland ($1.02B), Hong Kong ($441M), United Arab Emirates ($345M), Belgium-Luxembourg ($213M), and Guyana ($116M).

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Product Imports

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Depth

Year

Value

Top Import (2018): Cars, $61.2M

Top Origin (2018): United States, $346M

In 2018 Suriname imported $1.34B, making it the number 165 trade destination in the world. During the last five reported years the imports of Suriname changed by -$1.26B from $2.6B in 2013 to $1.34B in 2018.

The most recent imports of Suriname are led by Cars ($61.2M), Delivery Trucks ($58.1M), Excavation Machinery ($45.2M), Large Construction Vehicles ($33.9M), and Poultry Meat ($20.1M). The most common import partners for Suriname are United States ($346M), Netherlands ($215M), China ($198M), Japan ($60.8M), and Trinidad and Tobago ($44M).

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Market Growth

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Flow

Period

Fastest Growing Export Markets (2017 - 2018)

United Arab Emirates, $238M (+ 223%)
China, $31.9M (+ 115%)
India, $26.3M (+ 141%)

Fastest Growing Import Markets (2017 - 2018)

China, $59.7M (+ 43.2%)
Netherlands, $28.8M (+ 15.4%)
Japan, $24.6M (+ 68%)

Service Trade

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Service Trade

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Export YearImport Year

Suriname 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).

Forecasts

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Trade Forecasts

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

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Economic Complexity

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Most Specialized Products by RCA Index

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Suriname has a high level of specialization in Precious Metal Scraps (84.7), Rough Wood (65.4), Gold (42.5), Bananas (25.1), and Scrap Lead (13.1). 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

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The highest complexity exports of Suriname according to the product complexity index (PCI) are Parts for electric motors and generators (0.87), Ice cream and other edible ice (-0.14), Waste or scrap of precious metal (-0.46), Waters, non-alcoholic sweetened or flavoured beverages (-0.5), and Ferrous waste or scrap, ingots or iron or steel (-0.54). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Suriname according to the relatedness index, are Crude Petroleum (0.059), Cocoa Beans (0.058), Other Oily Seeds (0.055), Animal Meal and Pellets (0.053), and Molluscs (0.053). 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

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YearRCA Filter

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

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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.

About

Product Trade

Product Exports

Product Imports

Market Growth

Service Trade

Service Trade

Forecasts

Trade Forecasts

Economic Complexity

Most Specialized Products by RCA Index

Most Complex Products by PCI

Export Opportunities by Relatedness

Product Space

Diversification Frontier

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