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2022
Product
Exports | Imports $842M | $1.77B162 of 226 |  167 of 226
2022
Per Capita Product
Exports | Imports $8.41k | $17.7k47 of 220 |  32 of 220

About

Overview In 2022 Seychelles was the number 162 economy in the world in terms of total exports and the number 167 in total imports.

Exports The top exports of Seychelles are Non-fillet Frozen Fish ($281M), Processed Fish ($246M), Refined Petroleum ($138M), Recreational Boats ($51.2M), and Non-fillet Fresh Fish ($13.7M), exporting mostly to United Arab Emirates ($151M), France ($147M), United Kingdom ($73.5M), Mauritius ($73.1M), and Japan ($69.7M).

Imports The top imports of Seychelles are Recreational Boats ($448M), Refined Petroleum ($247M), Non-fillet Frozen Fish ($127M), Passenger and Cargo Ships ($94M), and Cars ($24.9M), importing mostly from United Arab Emirates ($397M), Netherlands ($249M), Cayman Islands ($121M), France ($111M), and China ($102M).

Location Seychelles borders Comoros, Madagascar, Mauritius, and Tanzania by sea.

Latest Trends

Latest Trade

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Y-AXIS SCALE

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

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
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 (2022)Non-fillet Frozen Fish$281M
Top Destination (2022)United Arab Emirates$151M

In 2022, Seychelles exported a total of $842M, making it the number 162 exporter in the world. During the last five reported years the exports of Seychelles have changed by -$2.48B from $3.32B in 2017 to $842M in 2022.

The most recent exports are led by Non-fillet Frozen Fish ($281M), Processed Fish ($246M), Refined Petroleum ($138M), Recreational Boats ($51.2M), and Non-fillet Fresh Fish ($13.7M). The most common destination for the exports of Seychelles are United Arab Emirates ($151M), France ($147M), United Kingdom ($73.5M), Mauritius ($73.1M), and Japan ($69.7M).

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Exports (2022)
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Destinations (2022)
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Market Growth

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Growth
Fastest Growing Export Markets (2021 - 2022)
United Arab Emirates$37.9M (+ 33.6%)
Malta$15.2M (+ 13k%)
Thailand$13.7M (+ 347%)
Fastest Growing Import Markets (2021 - 2022)
United Arab Emirates$129M (+ 48.4%)
Cyprus$70M (+ 8.5k%)
France$47.5M (+ 74.6%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Seychelles Exports Services (2020)$977M
Seychelles Imports Services (2020)$474M

In 2020, Seychelles exported $977M worth of services. The top services exported by Seychelles in 2020 were Merchanting and other trade-related services ($473M), Personal travel ($265M), Sea transport ($77.2M), Business travel ($62.2M), and Miscellaneous business, professional, and technical services ($37.7M).

The top services imported by Seychelles in 2020 were Miscellaneous business, professional, and technical services ($285M), Sea transport ($102M), Air transport ($37.8M), Personal travel ($24.6M), and Financial services ($9.59M).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Most Specialized Products by RCA Index

Seychelles has a high level of specialization in Processed Fish (347), Non-fillet Frozen Fish (281), Recreational Boats (86.2), Platinum Clad Metals (55.1), and Animal Meal and Pellets (32.2). Specialization is measured using RCA, an index that takes the ratio between Seychelles observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Seychelles according to the product complexity index (PCI) are Reagents; diagnostic or laboratory reagents on a backing and prepared diagnostic or... (1.45), Tools, hand; two or more of heading no. 8202 to 8205, put... (1.05), Prepared glues and other prepared adhesives, n.e.c. or included; products suitable for... (1.01), Residual lyes from the manufacture of wood pulp, whether or not concentrated,... (0.73), and Base metal mountings, fittings and similar articles for furniture, doors, staircases, windows,... (0.71). 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 Seychelles according to the relatedness index, were Crustaceans (0.07), Fish: dried, salted, smoked or in brine (0.063), Cocoa Shells (0.062), Gold (0.061), and Cocoa Beans (0.061). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Seychelles 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 Seychelles. These are products that tend to be co-exported with the products that Seychelles exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

Diversification Frontier

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Depth

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.

Diversification Frontier

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