Flag Tuvalu

2019
Product
Exports | Imports
: $17.8M | $68.9M, 213 of 225 |  213 of 225

2019
Per Capita Product
Exports | Imports
: $1.53k | $5.91k, 103 of 219 |  77 of 219

2008
Service
Exports | Imports
: $5.58M | $18.9M, 187 of 189 | 186 of 187

Exports: The top exports of Tuvalu are Non-fillet Frozen Fish ($9.89M), Passenger and Cargo Ships ($7.08M), Coin ($158k), Metal-Clad Products ($65.1k), and Electrical Power Accessories ($48.1k), exporting mostly to Thailand ($8.87M), Indonesia ($7.08M), Japan ($1.01M), Czechia ($136k), and Australia ($120k).

Imports: The top imports of Tuvalu are Refined Petroleum ($13.7M), Fishing Ships ($11.4M), Tug Boats ($9M), Passenger and Cargo Ships ($6.29M), and Iron Structures ($4.55M), importing mostly from China ($21.7M), Japan ($20M), Fiji ($15.6M), New Zealand ($4.15M), and Australia ($2.21M).

Yearly Exports

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Value
Depth

Top Export (2019): Non-fillet Frozen Fish, $9.89M

Top Destination (2019): Thailand, $8.87M

In 2019, Tuvalu exported a total of $17.8M, making it the number 213 exporter in the world. During the last five reported years the exports of Tuvalu have changed by $5.53M from $12.3M in 2014 to $17.8M in 2019.

The most recent exports are led by Non-fillet Frozen Fish ($9.89M), Passenger and Cargo Ships ($7.08M), Coin ($158k), Metal-Clad Products ($65.1k), and Electrical Power Accessories ($48.1k). The most common destination for the exports of Tuvalu are Thailand ($8.87M), Indonesia ($7.08M), Japan ($1.01M), Czechia ($136k), and Australia ($120k).

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Yearly Imports

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Value
Depth

Top Import (2019): Refined Petroleum, $13.7M

Top Origin (2019): China, $21.7M

In 2019 Tuvalu imported $68.9M, making it the number 213 trade destination in the world. During the last five reported years the imports of Tuvalu changed by -$10.4M from $79.2M in 2014 to $68.9M in 2019.

The most recent imports of Tuvalu are led by Refined Petroleum ($13.7M), Fishing Ships ($11.4M), Tug Boats ($9M), Passenger and Cargo Ships ($6.29M), and Iron Structures ($4.55M). The most common import partners for Tuvalu are China ($21.7M), Japan ($20M), Fiji ($15.6M), New Zealand ($4.15M), and Australia ($2.21M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Tuvalu Exports Services (2008): $5.58M

Tuvalu Imports Services (2008): $18.9M

In 2008, Tuvalu exported $5.58M worth of services. The top services exported by Tuvalu in 2008 were Compensation of employees ($3.16M), Travel ($1.5M), Other business services ($301k), Transportation ($290k), and Communications services ($163k).

The top services imported by Tuvalu in 2008 were Transportation ($7M), Travel ($4.98M), Other business services ($3.02M), Personal, cultural, and recreational services ($1.8M), and Services not allocated ($1.47M).

Economic Complexity

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Most Specialized Products by RCA Index

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Tuvalu has a high level of specialization in Non-fillet Frozen Fish (393), Coin (315), Passenger and Cargo Ships (103), Collector's Items (31.3), and Metal-Clad Products (30.1). Specialization is measured using RCA, an index that takes the ratio between Tuvalu observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Tuvalu according to the product complexity index (PCI) are Parts and accessories of bicycles, motorcycles, etc (1.05), Parts for electrical switches, protectors, connectors (0.95), Ignition/starter equipment, internal combustion engine (0.58), Containers for compressed, liquefied gas, iron, steel (0.1), and Passenger and goods transport ships, boats (-0.49). 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 Tuvalu according to the relatedness index, are Non-fillet Fresh Fish (0.019), Crustaceans (0.018), Non-Knit Men's Shirts (0.017), Scrap Vessels (0.017), and Non-Knit Men's Undergarments (0.017). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Tuvalu 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.

Diversification Frontier

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Depth

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.