Overview In 2019 Seychelles was the number 170 economy in the world in terms of GDP (current US$), the number 158 in total exports, the number 166 in total imports, the number 51 economy in terms of GDP per capita (current US$) and the number null most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Seychelles are Refined Petroleum ($262M), Processed Fish ($225M), Non-fillet Frozen Fish ($207M), Recreational Boats ($165M), and Rolled Tobacco ($15.8M), exporting mostly to United Arab Emirates ($166M), United Kingdom ($124M), France ($116M), British Virgin Islands ($104M), and Zambia ($87.8M).

Imports The top imports of Seychelles are Recreational Boats ($343M), Refined Petroleum ($226M), Non-fillet Frozen Fish ($81.1M), Planes, Helicopters, and/or Spacecraft ($72.8M), and Cars ($26.1M), importing mostly from United Arab Emirates ($319M), Qatar ($200M), British Virgin Islands ($105M), Germany ($97.7M), and France ($88.1M).

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

Historical Data

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Yearly Exports

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Top Export (2019): Refined Petroleum, $262M

Top Destination (2019): United Arab Emirates, $166M

In 2019, Seychelles exported a total of $969M, making it the number 158 exporter in the world. During the last five reported years the exports of Seychelles have changed by $283M from $686M in 2014 to $969M in 2019.

The most recent exports are led by Refined Petroleum ($262M), Processed Fish ($225M), Non-fillet Frozen Fish ($207M), Recreational Boats ($165M), and Rolled Tobacco ($15.8M). The most common destination for the exports of Seychelles are United Arab Emirates ($166M), United Kingdom ($124M), France ($116M), British Virgin Islands ($104M), and Zambia ($87.8M).

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Yearly Imports

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Top Import (2019): Recreational Boats, $343M

Top Origin (2019): United Arab Emirates, $319M

In 2019 Seychelles imported $1.55B, making it the number 166 trade destination in the world. During the last five reported years the imports of Seychelles changed by $365M from $1.18B in 2014 to $1.55B in 2019.

The most recent imports of Seychelles are led by Recreational Boats ($343M), Refined Petroleum ($226M), Non-fillet Frozen Fish ($81.1M), Planes, Helicopters, and/or Spacecraft ($72.8M), and Cars ($26.1M). The most common import partners for Seychelles are United Arab Emirates ($319M), Qatar ($200M), British Virgin Islands ($105M), Germany ($97.7M), and France ($88.1M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Seychelles Exports Services (2018): $1.58B

Seychelles Imports Services (2018): $526M

In 2018, Seychelles exported $1.58B worth of services. The top services exported by Seychelles in 2018 were Merchanting and other trade-related services ($573M), Personal travel ($453M), Miscellaneous business, professional, and technical services ($247M), Business travel ($106M), and Air transport ($101M).

The top services imported by Seychelles in 2018 were Miscellaneous business, professional, and technical services ($223M), Sea transport ($141M), Air transport ($75M), Personal travel ($68.3M), and Financial services ($5.78M).

Economic Complexity

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Most Specialized Products by RCA Index

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Seychelles has a high level of specialization in Processed Fish (235), Recreational Boats (170), Non-fillet Frozen Fish (151), Animal Meal and Pellets (36), and Fish Oil (33.5). 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

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The highest complexity exports of Seychelles according to the product complexity index (PCI) are Calendaring, rolling machines, except for metal, glass (1.56), Tungsten (wolfram) and articles, waste or scrap (1.36), Wire of stainless steel (1.18), Sewing machines (not book sewing), related furniture (0.68), and Pianos, harpsichords, keyboard string instruments nes (0.42). 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 Seychelles according to the relatedness index, are Crustaceans (0.057), Molluscs (0.051), Gold (0.048), Processed Fish (0.048), and Live Fish (0.048). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Seychelles is not specialized in.

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.

Relatedness Space

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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.

Diversification Frontier

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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.