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2023
Product
Exports | Imports $2.09M | $52.7M224 of 226 |  219 of 226

About

Overview In 2023 Wallis and Futuna was the number 224 economy in the world in terms of total exports and the number 219 in total imports.

Exports The top exports of Wallis and Futuna are Seats ($740k), Blank Audio Media ($355k), Electrical Control Boards ($277k), Cars ($185k), and Other Edible Preparations ($143k), exporting mostly to Denmark ($740k), Sweden ($302k), Netherlands ($297k), Pakistan ($195k), and Poland ($143k).

Imports The top imports of Wallis and Futuna are Refined Petroleum ($13.2M), Other Prepared Meat ($2.52M), Poultry Meat ($2.09M), Iron Pipe Fittings ($1.52M), and Animal Food ($1.42M), importing mostly from Fiji ($18.2M), France ($16.9M), New Zealand ($6.04M), Australia ($2.97M), and China ($2.18M).

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Wallis and Futuna.

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)Seats$740k
Top Destination (2023)Denmark$740k

In 2023, Wallis and Futuna exported a total of $2.09M, making it the number 224 exporter in the world. During the last five reported years the exports of Wallis and Futuna have changed by $1.58M from $513k in 2018 to $2.09M in 2023.

The most recent exports are led by Seats ($740k), Blank Audio Media ($355k), Electrical Control Boards ($277k), Cars ($185k), and Other Edible Preparations ($143k). The most common destination for the exports of Wallis and Futuna are Denmark ($740k), Sweden ($302k), Netherlands ($297k), Pakistan ($195k), and Poland ($143k).

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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)
Sweden$299k (+ 10.1k%)
Netherlands$297k (+ 122k%)
Pakistan$185k (+ 1.88k%)
Fastest Growing Import Markets (2022 - 2023)
United States$1.53M (+ 6.01k%)
New Zealand$1.48M (+ 32.5%)
Netherlands$1.29M (+ 310%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Economic Complexity

Most Specialized Products by RCA Index

Wallis and Futuna has a high level of specialization in Seats (91.3), Blank Audio Media (81.8), Electrical Control Boards (33), Revolution Counters (28.7), and Other Edible Preparations (25.3). Specialization is measured using RCA, an index that takes the ratio between Wallis and Futuna observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Wallis and Futuna according to the product complexity index (PCI) are Discs, tapes, solid-state non-volatile storage devices, smart cards and other media for... (1.63), Vacuum cleaners (1.2), Acrylic polymers in primary forms (1.18), Polymers of vinyl acetate or of other vinyl esters, in primary forms;... (0.92), and Spectacles, goggles and the like; corrective, protective or other (0.9). 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 Wallis and Futuna according to the relatedness index, were Fishing and Hunting Equipment (0.047), Palm Oil (0.047), Bananas (0.046), Processed Fish (0.046), and Non-Knit Men's Shirts (0.045). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Wallis and Futuna 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 Wallis And Futuna. These are products that tend to be co-exported with the products that Wallis And Futuna 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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