Flag Wallis and Futuna

Overview: In 2019 Wallis and Futuna was the number 224 in total exports, the number 216 in total imports and the number null most complex economy according to the Economic Complexity Index (ECI).

Exports: The top exports of Wallis and Futuna are Integrated Circuits ($841k), Jewellery ($576k), Cars ($185k), Aircraft Parts ($54k), and Polyacetals ($49.8k), exporting mostly to Singapore ($930k), France ($630k), Belgium ($186k), Bulgaria ($68.9k), and United States ($43.8k).

Imports: The top imports of Wallis and Futuna are Refined Petroleum ($7.82M), Other Prepared Meat ($2.03M), Poultry Meat ($1.65M), Engine Parts ($1.5M), and Packaged Medicaments ($1.25M), importing mostly from France ($19.2M), Fiji ($10.7M), New Zealand ($4.68M), Australia ($2.59M), and Netherlands ($1.23M).

Yearly Exports

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Top Export (2019): Integrated Circuits, $841k

Top Destination (2019): Singapore, $930k

In 2019, Wallis and Futuna exported a total of $1.96M, making it the number 224 exporter in the world. During the last five reported years the exports of Wallis and Futuna have changed by -$6.32k from $1.97M in 2014 to $1.96M in 2019.

The most recent exports are led by Integrated Circuits ($841k), Jewellery ($576k), Cars ($185k), Aircraft Parts ($54k), and Polyacetals ($49.8k). The most common destination for the exports of Wallis and Futuna are Singapore ($930k), France ($630k), Belgium ($186k), Bulgaria ($68.9k), and United States ($43.8k).

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Yearly Imports

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Top Import (2019): Refined Petroleum, $7.82M

Top Origin (2019): France, $19.2M

In 2019 Wallis and Futuna imported $44.2M, making it the number 216 trade destination in the world. During the last five reported years the imports of Wallis and Futuna changed by -$10.7M from $54.9M in 2014 to $44.2M in 2019.

The most recent imports of Wallis and Futuna are led by Refined Petroleum ($7.82M), Other Prepared Meat ($2.03M), Poultry Meat ($1.65M), Engine Parts ($1.5M), and Packaged Medicaments ($1.25M). The most common import partners for Wallis and Futuna are France ($19.2M), Fiji ($10.7M), New Zealand ($4.68M), Australia ($2.59M), and Netherlands ($1.23M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Economic Complexity

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Most Specialized Products by RCA Index

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Wallis and Futuna has a high level of specialization in Jewellery (52.3), Embroidery (50.2), Gaskets (30.7), Electric Soldering Equipment (23.8), and Integrated Circuits (12.6). Specialization is measured using RCA, an index that takes the ratio between Wallis and Futuna observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Wallis and Futuna according to the product complexity index (PCI) are Electric solder, weld, braze,hot metal spray equipment (1.75), Tools for working in the hand, non-electric motor (1.64), Gaskets and similar joints of metal sheet (1.55), Knives, cutting blades, for machines and appliances (1.5), and Electronic integrated circuits and microassemblies (1.45). 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 Wallis and Futuna according to the relatedness index, are Synthetic Filament Yarn Woven Fabric (0.027), Electrical Control Boards (0.027), Boat Propellers (0.027), Engine Parts (0.027), and Chemical Analysis Instruments (0.027). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Wallis and Futuna 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 it is currently specialized in.

Relatedness Space

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