Overview In 2019 Vanuatu was the number 178 economy in the world in terms of GDP (current US$), the number 181 in total exports, the number 199 in total imports, the number 130 economy in terms of GDP per capita (current US$) and the number null most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Vanuatu are Non-fillet Frozen Fish ($96.7M), Tug Boats ($21.5M), Perfume Plants ($17M), Molluscs ($5.18M), and Fish Fillets ($4.44M), exporting mostly to Japan ($53.1M), Thailand ($21.8M), Mauritania ($21.5M), South Korea ($18M), and China ($14M).

Imports The top imports of Vanuatu are Refined Petroleum ($15.5M), Fishing Ships ($11.5M), Delivery Trucks ($7.8M), Poultry Meat ($7.72M), and Broadcasting Equipment ($7.32M), importing mostly from China ($76.7M), Australia ($47.8M), New Zealand ($29.5M), Fiji ($29M), and Chinese Taipei ($12.7M).

Historical Data

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Yearly Exports

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Top Export (2019): Non-fillet Frozen Fish, $96.7M

Top Destination (2019): Japan, $53.1M

In 2019, Vanuatu exported a total of $163M, making it the number 181 exporter in the world. During the last five reported years the exports of Vanuatu have changed by -$461M from $624M in 2014 to $163M in 2019.

The most recent exports are led by Non-fillet Frozen Fish ($96.7M), Tug Boats ($21.5M), Perfume Plants ($17M), Molluscs ($5.18M), and Fish Fillets ($4.44M). The most common destination for the exports of Vanuatu are Japan ($53.1M), Thailand ($21.8M), Mauritania ($21.5M), South Korea ($18M), and China ($14M).

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Yearly Imports

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Top Import (2019): Refined Petroleum, $15.5M

Top Origin (2019): China, $76.7M

In 2019 Vanuatu imported $266M, making it the number 199 trade destination in the world. During the last five reported years the imports of Vanuatu changed by -$365M from $631M in 2014 to $266M in 2019.

The most recent imports of Vanuatu are led by Refined Petroleum ($15.5M), Fishing Ships ($11.5M), Delivery Trucks ($7.8M), Poultry Meat ($7.72M), and Broadcasting Equipment ($7.32M). The most common import partners for Vanuatu are China ($76.7M), Australia ($47.8M), New Zealand ($29.5M), Fiji ($29M), and Chinese Taipei ($12.7M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Vanuatu Exports Services (2014): $324M

Vanuatu Imports Services (2014): $134M

In 2014, Vanuatu exported $324M worth of services. The top services exported by Vanuatu in 2014 were Travel ($257M), Transportation ($45M), Government services, n.i.e. ($13.8M), Other business services ($4.04M), and Insurance services ($3.39M).

The top services imported by Vanuatu in 2014 were Transportation ($74.3M), Travel ($36.8M), Other business services ($11.9M), Insurance services ($5.6M), and Computer and information services ($3.25M).

Economic Complexity

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Most Specialized Products by RCA Index

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Vanuatu has a high level of specialization in Tug Boats (622), Perfume Plants (569), Non-fillet Frozen Fish (420), Molluscs (53.2), and Postage Stamps (52.3). Specialization is measured using RCA, an index that takes the ratio between Vanuatu observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Vanuatu according to the product complexity index (PCI) are Yachts, pleasure, sports vessels, rowing boats, canoes (0.38), Warships, lifeboats, hospital ships, vessels nes (-0.047), Waters, non-alcoholic sweetened or flavoured beverages (-0.39), Floating structures nes (rafts, stages, buoys/beacons) (-0.49), and Meat of bovine animals, frozen (-0.74). 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 Vanuatu according to the relatedness index, are Gold (0.046), Crustaceans (0.046), Crude Petroleum (0.045), Non-fillet Fresh Fish (0.045), and Coconuts, Brazil Nuts, and Cashews (0.042). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Vanuatu 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.

Relatedness Space

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This network shows the products most related to the production structure of Vanuatu. These are products that tend to be co-exported with the products that Vanuatu 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.