Flag Tuvalu

Product Exports (2018): $29.4M, Rank 203 of 222

Exports Per Capita (2018): $2.55k, Rank 168 of 219

Product Imports (2018): $47.4M, Rank 209 of 221

Imports Per Capita (2018): $4.12k, Rank 174 of 219

Service Exports (2008): $5.58M, Rank 187 of 189

Service Imports (2008): $18.9M, Rank 186 of 187

GDP (2018): $42.6M, CURRENT US$
Rank 196 of 196

GDP growth (2008 - 2018): 40.6%, CURRENT US$
Rank 98 of 196

GDP PC (2018): $3,701, CURRENT US$
Rank 126 of 196

GDP PC GROWTH (2008 - 2018): 26%, CURRENT US$
Rank 92 of 196

Overview: This page contains the latest international trade data for Tuvalu, including service trade data. In 2018 Tuvalu was the number 196 economy in the world in terms of GDP (current US$), the number 203 in total exports, and the number 209 in total imports. In 2018, Tuvalu exported $29.4M and imported $47.4M, resulting in a negative trade balance of -$18.1M. In 2018, Tuvalu's exports per capita were $2.55k and its imports per capita were $4.12k.

Trade: The top exports of Tuvalu are Non-fillet Frozen Fish ($27.9M), Other Sugars ($487k), Coin ($202k), Microphones and Headphones ($141k), and Iron Fasteners ($61.9k). The top imports of Tuvalu are Refined Petroleum ($13M), Cement ($8.12M), Tug Boats ($3.62M), Fishing Ships ($2.78M), and Iron Structures ($2.16M).

Destinations: Tuvalu exports mostly to Thailand ($17.5M), Philippines ($5.48M), Ecuador ($2.86M), Japan ($2.11M), and Nigeria ($503k), and imports mostly from Fiji ($20.1M), China ($12.1M), Japan ($6.67M), New Zealand ($1.9M), and United States ($1.21M).

Yearly Exports

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Top Export (2018): Non-fillet Frozen Fish, $27.9M

Top Destination (2018): Thailand, $17.5M

In 2018 Tuvalu exported a total of $29.4M, making it the number 203 exporter in the world. During the last five reported years the exports of Tuvalu have changed by $5.35M from $24M in 2013 to $29.4M in 2018.

The most recent exports are led by Non-fillet Frozen Fish ($27.9M), Other Sugars ($487k), Coin ($202k), Microphones and Headphones ($141k), and Iron Fasteners ($61.9k). The most common destination for the exports of Tuvalu are Thailand ($17.5M), Philippines ($5.48M), Ecuador ($2.86M), Japan ($2.11M), and Nigeria ($503k).

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Yearly Imports

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Top Import (2018): Refined Petroleum, $13M

Top Origin (2018): Fiji, $20.1M

In 2018 Tuvalu imported $47.4M, making it the number 209 trade destination in the world. During the last five reported years the imports of Tuvalu changed by -$8.51M from $55.9M in 2013 to $47.4M in 2018.

The most recent imports of Tuvalu are led by Refined Petroleum ($13M), Cement ($8.12M), Tug Boats ($3.62M), Fishing Ships ($2.78M), and Iron Structures ($2.16M). The most common import partners for Tuvalu are Fiji ($20.1M), China ($12.1M), Japan ($6.67M), New Zealand ($1.9M), and United States ($1.21M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

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).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Tuvalu. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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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 (667), Other Sugars (47.8), Other Cutlery (7.84), Copper Fasteners (4.34), and Frozen Fruits and Nuts (2.29). 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 Hand-operated spanners, wrenches and sockets (1.64), Instruments to check or measure electricity, radiation (1.6), Copper nails, screws, bolts, pins, washers, etc (1.2), Machine tools for wood, cork, bone, hard plastics, etc (0.95), and Cutlery nes, cleavers, mincers, office, toilet items (0.6). 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 Telephones (0.013), Other Edible Animal Products (0.013), Portable Lighting (0.013), Broadcasting Accessories (0.013), and Children's Picture Books (0.012). 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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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.