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2023
Product
Exports | Imports $162M | $1.41B192 of 226 |  173 of 226
2023
Per Capita Product
Exports | Imports $1.51k | $13.1k192 of 220 |  23 of 220

About

Overview In 2023 Aruba was the number 192 economy in the world in terms of total exports and the number 173 in total imports.

Exports The top exports of Aruba are Rolled Tobacco ($52.7M), Gas Turbines ($26.8M), Refined Petroleum ($8.57M), Steam Turbines ($8.45M), and Other Heating Machinery ($6.34M), exporting mostly to Jordan ($55.5M), Colombia ($51M), United States ($11.2M), Guyana ($8.42M), and Slovakia ($7.42M).

Imports The top imports of Aruba are Refined Petroleum ($117M), Rolled Tobacco ($65.5M), Cars ($59.4M), Jewellery ($47.8M), and Packaged Medicaments ($26.2M), importing mostly from United States ($741M), Netherlands ($207M), China ($86.8M), Colombia ($42M), and Brazil ($42M).

In 2023, Aruba was the world's biggest importer of Typewriters ($5.18k)

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 (2023)Rolled Tobacco$52.7M
Top Destination (2023)Jordan$55.5M

In 2023, Aruba exported a total of $162M, making it the number 192 exporter in the world. During the last five reported years the exports of Aruba have changed by -$113M from $275M in 2018 to $162M in 2023.

The most recent exports are led by Rolled Tobacco ($52.7M), Gas Turbines ($26.8M), Refined Petroleum ($8.57M), Steam Turbines ($8.45M), and Other Heating Machinery ($6.34M). The most common destination for the exports of Aruba are Jordan ($55.5M), Colombia ($51M), United States ($11.2M), Guyana ($8.42M), and Slovakia ($7.42M).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
Jordan$40.7M (+ 276%)
Slovakia$7.39M (+ 27.9k%)
Saudi Arabia$3.63M (+ 139%)
Fastest Growing Import Markets (2022 - 2023)
United States$20.5M (+ 2.85%)
China$14.2M (+ 19.6%)
Netherlands$8.06M (+ 4.05%)

Total Export Growth by Market (2022 - 2023)

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 Steam Turbines (317), Rolled Tobacco (258), Scrap Lead (92.2), Documents of title (bonds etc) and unused stamps (38.4), and Dairy Machinery (31.3). 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 Collector's Items (0.1), Non-fillet Fresh Fish (0.1), Gold (0.098), Cocoa Beans (0.097), and Passenger and Cargo Ships (0.096). 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 (2023)

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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