In 2020, Tuvalu exported a total of $12.7M, making it the number 213 exporter in the world. During the last five reported years the exports of Tuvalu have changed by -$25.6M from $38.3M in 2015 to $12.7M in 2020.
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).
The top export opportunities for Tuvalu according to the relatedness index, are Fish oil (0.02), Scrap Vessels (0.019), Fish Fillets (0.019), Crustaceans (0.017), and Surveying Equipment (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 a country currently specializes in.
This network shows the products most related to the production structure of Tuvalu. These are products that tend to be co-exported with the products that Tuvalu exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
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.