Suriname
2019 Product Exports | Imports: $2.6B | $1.78B, 136 of 225 | 162 of 225
2019 Per Capita Product Exports | Imports: $4.47k | $3.07k, 41 of 219 | 98 of 219
2018 Service Exports | Imports : $172M | $552M, 79 of 88 | 73 of 88
Overview: In 2019 Suriname was the number 156 economy in the world in terms of GDP (current US$), the number 136 in total exports, the number 162 in total imports, the number 94 economy in terms of GDP per capita (current US$) and the number null most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Suriname are Gold ($2.04B), Rough Wood ($130M), Refined Petroleum ($98.7M), Non-fillet Frozen Fish ($50.3M), and Rolled Tobacco ($45M), exporting mostly to Switzerland ($1B), United Arab Emirates ($799M), Belgium ($252M), Guyana ($86.8M), and United States ($76.2M).
Imports: The top imports of Suriname are Refined Petroleum ($138M), Delivery Trucks ($105M), Excavation Machinery ($89.4M), Cars ($70.2M), and Large Construction Vehicles ($61.8M), importing mostly from United States ($384M), Netherlands ($241M), China ($234M), Trinidad and Tobago ($118M), and Antigua and Barbuda ($92.3M).
Location: Suriname borders Brazil, France, and Guyana by land.
Historical Data
#permalink to sectionYearly Exports
#permalink to sectionTop Export (2019): Gold, $2.04B
Top Destination (2019): Switzerland, $1B
In 2019, Suriname exported a total of $2.6B, making it the number 136 exporter in the world. During the last five reported years the exports of Suriname have changed by $253M from $2.34B in 2014 to $2.6B in 2019.
The most recent exports are led by Gold ($2.04B), Rough Wood ($130M), Refined Petroleum ($98.7M), Non-fillet Frozen Fish ($50.3M), and Rolled Tobacco ($45M). The most common destination for the exports of Suriname are Switzerland ($1B), United Arab Emirates ($799M), Belgium ($252M), Guyana ($86.8M), and United States ($76.2M).
Yearly Imports
#permalink to sectionTop Import (2019): Refined Petroleum, $138M
Top Origin (2019): United States, $384M
In 2019 Suriname imported $1.78B, making it the number 162 trade destination in the world. During the last five reported years the imports of Suriname changed by -$396M from $2.18B in 2014 to $1.78B in 2019.
The most recent imports of Suriname are led by Refined Petroleum ($138M), Delivery Trucks ($105M), Excavation Machinery ($89.4M), Cars ($70.2M), and Large Construction Vehicles ($61.8M). The most common import partners for Suriname are United States ($384M), Netherlands ($241M), China ($234M), Trinidad and Tobago ($118M), and Antigua and Barbuda ($92.3M).
Market Growth
#permalink to sectionFastest Growing Export Markets (2018 - 2019)
- United Arab Emirates, $450M (+ 129%)
- Belgium, $38.9M (+ 18.2%)
- Brazil, $34.6M (+ 2.31k%)
Fastest Growing Import Markets (2018 - 2019)
- Antigua and Barbuda, $91M (+ 6.9k%)
- Trinidad and Tobago, $74.5M (+ 171%)
- China, $36.5M (+ 18.5%)
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 (60.1), Gold (41.6), Military Weapons (17.2), Non-fillet Frozen Fish (13.7), and Rolled Tobacco (11.7). 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 Articles of cement, concrete or artificial stone (0.38), Military weapons, other than hand guns, swords, etc (0.1), Worked vegetable, mineral carving material, articles (-0.11), Ice cream and other edible ice (-0.17), and Cargo containers designed for carriage of goods (-0.23). 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 Crude Petroleum (0.049), Cocoa Beans (0.048), Other Oily Seeds (0.048), Tropical Fruits (0.048), and Raw Sugar (0.047). 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 it is currently specialized in.
Diversification Frontier
#permalink to sectionThe 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.
