Wallis and Futuna
2021 Product Exports | Imports: $465k | $52.9M, 226 of 226 | 217 of 226
Overview In 2021 Wallis and Futuna was the number 226 economy in the world in terms of total exports and the number 217 in total imports.
Exports The top exports of Wallis and Futuna are Integrated Circuits ($78.6k), Other Furniture ($60.5k), Semiconductor Devices ($36.6k), Oscilloscopes ($28k), and Aircraft Parts ($27.7k), exporting mostly to United States ($103k), Sweden ($87.7k), Philippines ($64k), France ($41.4k), and Portugal ($27.6k).
Imports The top imports of Wallis and Futuna are Refined Petroleum ($5.68M), Medical Instruments ($3.54M), Bovine Meat ($2.03M), Other Prepared Meat ($1.73M), and Animal Food ($1.42M), importing mostly from France ($20.4M), Fiji ($10M), New Zealand ($9.55M), Australia ($2.53M), and China ($2.42M).
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe following section uses the most recent trade data from partners of Wallis and Futuna.
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.
Latest Data
#permalink to sectionThe 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.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionTop Export (2021): Integrated Circuits, $78.6k
Top Destination (2021): United States, $103k
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 most recent exports are led by Integrated Circuits ($78.6k), Other Furniture ($60.5k), Semiconductor Devices ($36.6k), Oscilloscopes ($28k), and Aircraft Parts ($27.7k). The most common destination for the exports of Wallis and Futuna are United States ($103k), Sweden ($87.7k), Philippines ($64k), France ($41.4k), and Portugal ($27.6k).
Market Growth
#permalink to sectionFastest Growing Export Markets (2020 - 2021)
- Sweden, $83k (+ 1.78k%)
- Philippines, $54.6k (+ 577%)
- China, $13.5k (+ 1.27k%)
Fastest Growing Import Markets (2020 - 2021)
- New Zealand, $5.11M (+ 115%)
- France, $3.78M (+ 22.7%)
- China, $1.55M (+ 178%)
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionWallis and Futuna has a high level of specialization in Prepared Cereals (149), Instructional Models (91), Opto-Electric Instrument Parts (75), Salt (48.1), and Oscilloscopes (40). 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
#permalink to sectionThe highest complexity exports of Wallis and Futuna according to the product complexity index (PCI) are Machinery Having Individual Functions (1.87), Blank Audio Media (1.79), Oscilloscopes (1.78), Iron Fasteners (1.66), and Metalworking Machine Parts (1.61). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Wallis and Futuna according to the relatedness index, were Base Metal Watches (0.067), Electrical Capacitors (0.067), Platinum Clad Metals (0.066), Electrical Parts (0.065), and Other Measuring Instruments (0.064). 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.
Product Space
#permalink to sectionThe 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.
Diversification Frontier
#permalink to sectionThe 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.
