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2023
Product
Exports | Imports $222M | $934M183 of 226 |  184 of 226
2023
Per Capita Product
Exports | Imports $2.38k | $10k191 of 220 |  31 of 220

About

Overview In 2023 Antigua and Barbuda was the number 183 economy in the world in terms of total exports and the number 184 in total imports.

Exports The top exports of Antigua and Barbuda are Refined Petroleum ($102M), Passenger and Cargo Ships ($52.3M), Soybean Meal ($10.9M), Recreational Boats ($6.81M), and Crustaceans ($5.73M), exporting mostly to Suriname ($65.5M), Poland ($45.7M), United States ($17.2M), Dominican Republic ($14.9M), and Australia ($11.1M).

Imports The top imports of Antigua and Barbuda are Refined Petroleum ($103M), Passenger and Cargo Ships ($86.8M), Cars ($47M), Recreational Boats ($29.8M), and Other Furniture ($16.8M), importing mostly from United States ($398M), Poland ($57M), China ($44.1M), United Kingdom ($39M), and Germany ($36.2M).

Location Antigua and Barbuda borders France, Saint Kitts and Nevis, Anguilla, and Montserrat by sea.

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Antigua and Barbuda.

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

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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)Refined Petroleum$102M
Top Destination (2023)Suriname$65.5M

In 2023, Antigua and Barbuda exported a total of $222M, making it the number 183 exporter in the world. During the last five reported years the exports of Antigua and Barbuda have changed by -$39.2M from $261M in 2018 to $222M in 2023.

The most recent exports are led by Refined Petroleum ($102M), Passenger and Cargo Ships ($52.3M), Soybean Meal ($10.9M), Recreational Boats ($6.81M), and Crustaceans ($5.73M). The most common destination for the exports of Antigua and Barbuda are Suriname ($65.5M), Poland ($45.7M), United States ($17.2M), Dominican Republic ($14.9M), and Australia ($11.1M).

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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)
Dominican Republic$14.6M (+ 4.12k%)
United States$9.4M (+ 121%)
Cyprus$6.86M (+ 402k%)
Fastest Growing Import Markets (2022 - 2023)
Japan$19.1M (+ 135%)
India$12M (+ 241%)
Germany$11.6M (+ 47.2%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Antigua and Barbuda Exports Services (2018)$1.11B
Antigua and Barbuda Imports Services (2018)$495M

In 2018, Antigua and Barbuda exported $1.11B worth of services. The top services exported by Antigua and Barbuda in 2018 were Travel ($881M), Transportation ($134M), Other business services ($53.6M), Insurance services ($33.3M), and Computer and information services ($8.97M).

The top services imported by Antigua and Barbuda in 2018 were Other business services ($207M), Transportation ($109M), Travel ($88.3M), Insurance services ($38M), and Personal, cultural, and recreational services ($21.6M).

Service Exports (2018)

Service Imports (2018)

Economic Complexity

Most Specialized Products by RCA Index

Antigua and Barbuda has a high level of specialization in Passenger and Cargo Ships (85), Recreational Boats (42.5), Soybean Meal (31.4), Paintings (25.8), and Crustaceans (20.7). Specialization is measured using RCA, an index that takes the ratio between Antigua and Barbuda observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Antigua and Barbuda according to the product complexity index (PCI) are Tools, hand; (including glaziers' diamonds) n.e.c.; blow lamps; vices, clamps etc, other... (1.58), Acids; unsaturated acyclic monocarboxylic, cyclic monocarboxylic, their anhydrides, halides, peroxides and peroxyacids;... (1.23), Furnace burners for liquid fuel, for pulverised solid fuel or for gas;... (1.15), Paintings, drawings, pastels, executed entirely by hand; not drawings of heading no.... (0.94), and Aluminium; containers for compressed or liquefied gas (0.93). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Antigua and Barbuda according to the relatedness index, were Cocoa Beans (0.092), Non-fillet Fresh Fish (0.091), Fish Fillets (0.089), Beer (0.087), and Scrap Aluminium (0.086). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Antigua and Barbuda 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 Antigua And Barbuda. These are products that tend to be co-exported with the products that Antigua And Barbuda 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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