2023
Flag  
GDP
$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH
21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP
$62.3MCURRENT US$
Rnk 195 / 195
2013-2023
Flag
GDP GROWTH
61.3%CURRENT US$
Rnk 52 / 195
2023
Flag
GDP PC 
$49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH
13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC
$6,345CURRENT US$
Rnk 110 / 196
2013-2023
Flag
GDP PC GROWTH
80.8%CURRENT US$
Rnk 16 / 195

About

United Kingdom-Tuvalu Trade: In 2023, United Kingdom exported $68.4k to Tuvalu. The main products that United Kingdom exported to Tuvalu were Electrical Power Accessories ($68.3k) and Other Agricultural Machinery ($16). Over the past 6 years the exports of United Kingdom to Tuvalu have increased at an annualized rate of 53.6%, from $5.2k in 2017 to $68.4k in 2023.

In 2023, United Kingdom did not export any services to Tuvalu.

Tuvalu-United Kingdom Trade: In 2023, Tuvalu exported $9.62k to United Kingdom. The main products that Tuvalu exported to United Kingdom were Coin ($7.27k) and Integrated Circuits ($2.35k). Over the past 6 years the exports of Tuvalu to United Kingdom have decreased at an annualized rate of 34.2%,  from $78k in 2017 to $9.62k in 2023.

In 2023, Tuvalu did not export any services to United Kingdom.

Comparison In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5),  and 14 in total exports ($429B). That same year, Tuvalu ranked 204 in total exports ($52.3M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $68.4k to Tuvalu. The main products exported from United Kingdom to Tuvalu were Electrical Power Accessories ($68.3k) and Other Agricultural Machinery ($16). During the last 6 years the exports of United Kingdom to Tuvalu have increased at an annualized rate of 53.6%, from $5.2k in 2017 to $68.4k in 2023.

In 2018, Tuvalu exported $9.62k to United Kingdom. The main products exported from Tuvalu to United Kingdom were Coin ($7.27k) and Integrated Circuits ($2.35k). During the last 5 years the exports of Tuvalu to United Kingdom have decreased at an annualized rate of 34.2%, from $78k in 2023 to $9.62k in 2018.

Exports from United Kingdom (Flag) to Tuvalu (Flag) (2023)

Exports from Tuvalu (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top Destination
United States$59.7B
Tuvalu
Top Destination
Thailand$45.9M

This map shows whether countries import more from United Kingdom or Tuvalu. Each country is colored based on the difference in imports they receive from United Kingdom and Tuvalu or the difference in the growth in imports.

In 2023, countries that imported more from United Kingdom than Tuvalu included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

In 2023, no countries were registered that imported more from Tuvalu than from United Kingdom.

Difference in imports from Tuvalu (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Tuvalu

Flow
Scale

This chart compares trade between United Kingdom and Tuvalu by product, considering products traded by both, United Kingdom and Tuvalu.

During 2023, United Kingdom had a large net trade with Tuvalu in the exports of Machines ($68.4k).

During 2018, Tuvalu had a large net trade with United Kingdom in the exports of Precious Metals ($7.27k) and Machines ($2.35k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Kingdom and Tuvalu. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Tuvalu. Similarly, a dot/product with the flag of Tuvalu indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Tuvalu (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with