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2022
Product
Exports | Imports $123M | $1.68B194 of 226 |  171 of 226
2022
Per Capita Product
Exports | Imports $1.15k | $15.8k191 of 220 |  35 of 220

About

Overview In 2022 Aruba was the number 194 economy in the world in terms of total exports and the number 171 in total imports.

Exports The top exports of Aruba are Rolled Tobacco ($49.8M), Hard Liquor ($14.2M), Refined Petroleum ($10.4M), Scrap Iron ($9.72M), and Orthopedic Appliances ($2.06M), exporting mostly to Colombia ($49M), United States ($15.1M), Jordan ($13.2M), Guyana ($10.4M), and Netherlands ($7.27M).

Imports The top imports of Aruba are Refined Petroleum ($259M), Crude Petroleum ($248M), Rolled Tobacco ($57.8M), Jewellery ($57.7M), and Other Edible Preparations ($47M), importing mostly from United States ($659M), Netherlands ($191M), Guyana ($156M), Colombia ($126M), and China ($76.5M).

In 2022, Aruba was the world's biggest importer of Typewriters ($4.79k)

Location Aruba borders Dominican Republic and Venezuela by sea.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Aruba.

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 (2022)Rolled Tobacco$49.8M
Top Destination (2022)Colombia$49M

In 2022, Aruba exported a total of $123M, making it the number 194 exporter in the world. During the last five reported years the exports of Aruba have changed by -$203M from $325M in 2017 to $123M in 2022.

The most recent exports are led by Rolled Tobacco ($49.8M), Hard Liquor ($14.2M), Refined Petroleum ($10.4M), Scrap Iron ($9.72M), and Orthopedic Appliances ($2.06M). The most common destination for the exports of Aruba are Colombia ($49M), United States ($15.1M), Jordan ($13.2M), Guyana ($10.4M), and Netherlands ($7.27M).

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Exports (2022)
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Destinations (2022)
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Market Growth

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Growth
Fastest Growing Export Markets (2021 - 2022)
Guyana$9.6M (+ 1.27k%)
Colombia$5.3M (+ 12.1%)
United Arab Emirates$2.8M (+ 594%)
Fastest Growing Import Markets (2021 - 2022)
Guyana$156M (+ 519M%)
United States$105M (+ 19%)
Colombia$96.2M (+ 320%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Aruba Exports Services (2020)$1.36B
Aruba Imports Services (2020)$803M

In 2020, Aruba exported $1.36B worth of services. The top services exported by Aruba in 2020 were Travel ($1.08B), Other business services ($113M), Transportation ($51.8M), Financial services ($46.3M), and Government services, n.i.e. ($28.8M).

The top services imported by Aruba in 2020 were Travel ($303M), Other business services ($241M), Transportation ($96M), Computer and information services ($57.6M), and Financial services ($35.2M).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Most Specialized Products by RCA Index

Aruba has a high level of specialization in Rolled Tobacco (399), Hard Liquor (67.9), Scrap Lead (51.2), Scrap Iron (35.8), and Scrap Nickel (23.2). Specialization is measured using RCA, an index that takes the ratio between Aruba observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Aruba according to the relatedness index, were Paintings (0.099), Glass Scraps (0.094), Gravel and Crushed Stone (0.094), Scrap Plastic (0.094), and Surveying Equipment (0.093). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Aruba 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 Aruba. These are products that tend to be co-exported with the products that Aruba exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

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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