Overview In 2020 Vanuatu was the number 179 economy in the world in terms of total exports and the number 198 in total imports.

Exports The top exports of Vanuatu are Non-fillet Frozen Fish ($114M), Perfume Plants ($13M), Passenger and Cargo Ships ($10.7M), Fish Fillets ($4.76M), and Copra ($4.41M), exporting mostly to Thailand ($62.7M), Japan ($40M), Indonesia ($13.2M), South Korea ($10.5M), and China ($7.46M).

Imports The top imports of Vanuatu are Refined Petroleum ($18.2M), Poultry Meat ($6.93M), Rice ($6.84M), Cars ($4.67M), and Packaged Medicaments ($4.38M), importing mostly from China ($72.5M), Australia ($38.5M), New Zealand ($28.6M), Singapore ($13.7M), and Japan ($9.78M).

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The following section uses the most recent trade data from partners of Vanuatu.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Top Export (2020): Non-fillet Frozen Fish, $114M

Top Destination (2020): Thailand, $72.5M

In 2020, Vanuatu exported a total of $161M, making it the number 179 exporter in the world. During the last five reported years the exports of Vanuatu have changed by -$696M from $858M in 2015 to $161M in 2020.

The most recent exports are led by Non-fillet Frozen Fish ($114M), Perfume Plants ($13M), Passenger and Cargo Ships ($10.7M), Fish Fillets ($4.76M), and Copra ($4.41M). The most common destination for the exports of Vanuatu are Thailand ($62.7M), Japan ($40M), Indonesia ($13.2M), South Korea ($10.5M), and China ($7.46M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

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 Non-fillet Frozen Fish (512), Perfume Plants (384), Cocoa Beans (45.9), Molluscs (29), and Coconut Oil (25.7). Specialization is measured using RCA, an index that takes the ratio between Vanuatu observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Vanuatu according to the relatedness index, are Palm Oil (0.042), Crustaceans (0.037), Gold (0.037), Non-fillet Fresh Fish (0.034), and Sawn Wood (0.033). 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.