In 2021, Wallis and Futuna exported a total of $465k, making it the number 226 exporter in the world. During the last five reported years the exports of Wallis and Futuna have changed by $31.2k from $434k in 2016 to $465k in 2021.
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.
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.
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.