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.
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.
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 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.
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.