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Pricing

2022
Product
Exports | Imports $115M | $191M195 of 226 |  207 of 226
2022
Per Capita Product
Exports | Imports $876 | $1.46k197 of 220 |  152 of 220

About

Overview In 2022 Kiribati was the number 195 economy in the world in terms of total exports and the number 207 in total imports.

Exports The top exports of Kiribati are Non-fillet Frozen Fish ($90.7M), Fish Fillets ($9.72M), Passenger and Cargo Ships ($9.63M), Coconut Oil ($1.99M), and Copra ($840k), exporting mostly to Thailand ($63.2M), Philippines ($17.7M), Japan ($11.6M), Indonesia ($9.64M), and South Korea ($4.13M).

Imports The top imports of Kiribati are Fishing Ships ($43.9M), Refined Petroleum ($9.79M), Rice ($6.2M), Twine, cordage or rope; knotted netting, made up fishing nets and other... ($4.99M), and Passenger and Cargo Ships ($4.99M), importing mostly from Chinese Taipei ($47.3M), China ($42.6M), Fiji ($24.1M), Australia ($16.9M), and South Korea ($12.9M).

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

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

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)Non-fillet Frozen Fish$90.7M
Top Destination (2022)Thailand$63.2M

In 2022, Kiribati exported a total of $115M, making it the number 195 exporter in the world. During the last five reported years the exports of Kiribati have changed by -$36.1M from $151M in 2017 to $115M in 2022.

The most recent exports are led by Non-fillet Frozen Fish ($90.7M), Fish Fillets ($9.72M), Passenger and Cargo Ships ($9.63M), Coconut Oil ($1.99M), and Copra ($840k). The most common destination for the exports of Kiribati are Thailand ($63.2M), Philippines ($17.7M), Japan ($11.6M), Indonesia ($9.64M), and South Korea ($4.13M).

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Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2021 - 2022)
Philippines$8.49M (+ 92%)
Japan$6.72M (+ 137%)
Thailand$6.34M (+ 11.2%)
Fastest Growing Import Markets (2021 - 2022)
Chinese Taipei$19.9M (+ 72.4%)
China$4.3M (+ 11.2%)
United States$3.38M (+ 102%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Kiribati Exports Services (2014)$12M
Kiribati Imports Services (2014)$579M

In 2014, Kiribati exported $12M worth of services. The top services exported by Kiribati in 2014 were Financial services ($3.52M), Business travel ($2.33M), Construction in the compiling economy ($2.18M), Air transport ($1.01M), and Government services, n.i.e. ($919k).

The top services imported by Kiribati in 2014 were Miscellaneous business, professional, and technical services ($526M), Sea transport ($13.4M), Air transport ($10.9M), Construction in the compiling economy ($10.9M), and Government services, n.i.e. ($9.71M).

Service Exports (2014)

Service Imports (2014)

Economic Complexity

Most Specialized Products by RCA Index

Kiribati has a high level of specialization in Non-fillet Frozen Fish (663), Fish Fillets (63.8), Coconut Oil (43.4), Passenger and Cargo Ships (27.5), and Other Inedible Animal Products (7.96). Specialization is measured using RCA, an index that takes the ratio between Kiribati observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Kiribati according to the product complexity index (PCI) are Woven fabrics of combed wool or of combed fine animal hair (0.16), Woven fabrics of synthetic staple fibres, containing less than 85% by weight... (-0.46), Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for... (-0.51), Other woven fabrics of cotton, n.e.c. in chapter 52 (-0.81), and Animal products not elsewhere specified or included; dead animals of chapter 1... (-0.81). 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 Kiribati according to the relatedness index, were Palm Oil (0.02), Cocoa Beans (0.018), Crustaceans (0.018), Cocoa Shells (0.017), and Non-fillet Fresh Fish (0.016). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Kiribati 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 Kiribati. These are products that tend to be co-exported with the products that Kiribati 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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