About

Overview In 2021 Seychelles was the number 143 economy in the world in terms of total exports and the number 169 in total imports.

Exports The top exports of Seychelles are Recreational Boats ($1.41B), Non-fillet Frozen Fish ($279M), Processed Fish ($253M), Refined Petroleum ($114M), and Non-fillet Fresh Fish ($16.6M), exporting mostly to Gibraltar ($645M), Cayman Islands ($300M), Bermuda ($235M), Belize ($177M), and France ($146M).

Imports The top imports of Seychelles are Recreational Boats ($543M), Refined Petroleum ($172M), Other Vegetable Residues ($91.8M), Non-fillet Frozen Fish ($68.6M), and Broadcasting Equipment ($23.8M), importing mostly from Netherlands ($289M), United Arab Emirates ($262M), Italy ($224M), South Africa ($163M), and Spain ($81.2M).

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.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Latest Data

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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.

Subscribe today to OEC pro and access the latest data

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Recreational Boats$1.41B
Top Destination (2021)Gibraltar$645M

In 2021, Seychelles exported a total of $2.2B, making it the number 143 exporter in the world. During the last five reported years the exports of Seychelles have changed by $1.58B from $619M in 2016 to $2.2B in 2021.

The most recent exports are led by Recreational Boats ($1.41B), Non-fillet Frozen Fish ($279M), Processed Fish ($253M), Refined Petroleum ($114M), and Non-fillet Fresh Fish ($16.6M). The most common destination for the exports of Seychelles are Gibraltar ($645M), Cayman Islands ($300M), Bermuda ($235M), Belize ($177M), and France ($146M).

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Exports (2021)
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Destinations (2021)
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Market Growth

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Fastest Growing Export Markets (2020 - 2021)
Cayman Islands$183M (+ 155%)
United Arab Emirates$84.2M (+ 280%)
Bermuda$48.3M (+ 25.9%)
Fastest Growing Import Markets (2020 - 2021)
Netherlands$273M (+ 1.69k%)
Italy$186M (+ 496%)
South Africa$111M (+ 218%)

Total Export Growth by Market (2020 - 2021)

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 Recreational Boats (556), Processed Fish (123), Non-fillet Frozen Fish (106), Scrap Vessels (53), and Other Floating Structures (30.3). 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 Tungsten (wolfram); articles thereof, including waste and scrap (1.43), Radiators for central heating, not electrically heated and parts thereof, of iron... (0.61), Cinematographic cameras and projectors, whether or not incorporating sound recording or reproducing... (0.57), Wheat gluten; whether or not dried (0.5), and Yachts and other vessels; for pleasure or sports, rowing boats and canoes (0.29). 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 (0.048), Fish: dried, salted, smoked or in brine (0.042), Gold (0.041), Cocoa Beans (0.04), and Rough Wood (0.039). 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.

Diversification Frontier

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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.

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