Tuvalu

ECON COMPLEXITY (2018)

-0.093

RANK 73 OF 137

PRODUCT EXPORTS (2018)

$29.4M

RANK 203 OF 222

EXPORTS PER CAPITA (2018)

$2.55K

RANK 168 OF 219

PRODUCT IMPORTS (2018)

$47.4M

RANK 209 OF 221

IMPORTS PER CAPITA (2018)

$4.12K

RANK 174 of 219

SERVICE EXPORTS (2008)

$5.58M

RANK 187 OF 189

SERVICE IMPORTS (2008)

$18.9M

RANK 186 OF 187

GDP (2018)

$42.6M

CURRENT US$
RANK 196 OF 196

GDP GROWTH (2008-2018)

40.6%

CURRENT US$
RANK 98 OF 196

GDP PC (2018)

$3,701

CURRENT US$
RANK 126 OF 196

GDP PC GROWTH (2008-2018)

26%

Overview: In 2018 Tuvalu was the number 196 economy in the world in terms of GDP (current US$), the number 203 in total exports, and the number 209 in total imports. In 2018, Tuvalu exported $29.4M and imported $47.4M, resulting in a negative trade balance of -$18.1M. In 2018, Tuvalu’s exports per capita were $2.55k and its imports per capita were $4.12k.

Trade: The top exports of Tuvalu are Non-fillet Frozen Fish ($27.9M), Other Sugars ($487k), Coin ($202k), Microphones and Headphones($141k), and Iron Fasteners ($61.9k). The top imports of Tuvalu are Refined Petroleum ($13M), Cement ($8.12M), Tug Boats ($3.62M), Fishing Ships ($2.78M), and Iron Structures ($2.16M).

Destinations: Tuvalu exports mostly to Thailand ($17.5M), Philippines ($5.48M), Ecuador ($2.86M), Japan ($2.11M), and Nigeria ($503k), and imports mostly from Fiji ($20.1M), China ($12.1M), Japan ($6.67M), New Zealand ($1.9M), and United States ($1.21M).

Exports

In 2018 Tuvalu exported a total of $29.4M, making it the number 203 exporter in the world. During the last five reported years the exports of Tuvalu have changed by $5.35M from $24M in 2013 to $29.4M in 2018.

The most recent exports are led by Non-fillet Frozen Fish ($27.9M), Other Sugars ($487k), Coin ($202k), Microphones and Headphones ($141k), and Iron Fasteners ($61.9k).

Imports

In 2018 Tuvalu imported $47.4M, making it the number 209 trade destination in the world. During the last five reported years the imports of Tuvalu changed by -$8.51M from $55.9M in 2013 to $47.4M in 2018.

The most recent imports of Tuvalu are led by Refined Petroleum ($13M), Cement ($8.12M), Tug Boats ($3.62M), Fishing Ships ($2.78M), and Iron Structures ($2.16M).

Trade Balance

As of 2018 Tuvalu had a negative trade balance of $31.6M in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $3.29M in net imports.

Destinations

The most common destination for the exports of Tuvalu are Thailand ($17.5M), Philippines ($5.48M), Ecuador ($2.86M), Japan ($2.11M), and Nigeria ($503k).

Origins

The most common import partners for Tuvalu are Fiji ($20.1M), China ($12.1M), Japan ($6.67M), New Zealand ($1.9M), and United States ($1.21M).