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2023
Product
Exports | Imports $198M | $472M187 of 226 |  196 of 226
2023
Per Capita Product
Exports | Imports $616 | $1.47k203 of 220 |  151 of 220

About

Overview In 2023 Vanuatu was the number 187 economy in the world in terms of total exports and the number 196 in total imports.

Exports The top exports of Vanuatu are Non-fillet Frozen Fish ($120M), Perfume Plants ($22.1M), Passenger and Cargo Ships ($18.9M), Fish Fillets ($9.04M), and Special Purpose Ships ($7.49M), exporting mostly to Thailand ($96M), Japan ($37.1M), Cote d'Ivoire ($18.8M), China ($13.9M), and United States ($6.49M).

Imports The top imports of Vanuatu are Refined Petroleum ($68.2M), Other Sea Vessels ($52.7M), Delivery Trucks ($13.3M), Poultry Meat ($13.2M), and Baked Goods ($10.4M), importing mostly from China ($124M), Australia ($72.1M), Angola ($52.6M), Fiji ($43.3M), and New Zealand ($37.9M).

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

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.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

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

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Non-fillet Frozen Fish$120M
Top Destination (2023)Thailand$96M

In 2023, Vanuatu exported a total of $198M, making it the number 187 exporter in the world. During the last five reported years the exports of Vanuatu have changed by $13.3M from $184M in 2018 to $198M in 2023.

The most recent exports are led by Non-fillet Frozen Fish ($120M), Perfume Plants ($22.1M), Passenger and Cargo Ships ($18.9M), Fish Fillets ($9.04M), and Special Purpose Ships ($7.49M). The most common destination for the exports of Vanuatu are Thailand ($96M), Japan ($37.1M), Cote d'Ivoire ($18.8M), China ($13.9M), and United States ($6.49M).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
Australia$3.46M (+ 126%)
China$3.11M (+ 28.8%)
Spain$665k (+ 101%)
Fastest Growing Import Markets (2022 - 2023)
Angola$34.9M (+ 197%)
China$28.2M (+ 29.4%)
Australia$13.6M (+ 23.2%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

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).

Service Exports (2014)

Service Imports (2014)

Economic Complexity

Most Specialized Products by RCA Index

Vanuatu has a high level of specialization in Perfume Plants (597), Non-fillet Frozen Fish (527), Special Purpose Ships (43), Fish Fillets (34.7), and Passenger and Cargo Ships (34.5). 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

The highest complexity exports of Vanuatu according to the product complexity index (PCI) are Machine-tools; (including way-type unit head machines) for drilling, boring, milling, threading or... (1.05), Fuel wood, in logs, billets, twigs, faggots or similar forms; wood in... (-0.46), Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for... (-0.46), Animal products not elsewhere specified or included; dead animals of chapter 1... (-0.71), and Copper; waste and scrap (-0.87). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Vanuatu according to the relatedness index, were Crustaceans (0.035), Non-fillet Fresh Fish (0.034), Processed Crustaceans (0.033), Dried/Salted/Smoked/Brined Fish (0.032), and Palm Oil (0.032). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Vanuatu is not specialized in.

Product Space

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

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.

Relatedness Space (2023)

Diversification Frontier

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Depth

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.

Diversification Frontier

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