Net trade in goods and services in Tuvalu
Tuvalu: Net trade in goods and services was -57.04 million BoP, current US$ in 2023. ▼ Falling
Net trade in goods and services in Tuvalu, 2001–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods and services in Tuvalu is -57.04 million BoP, current US$, measured in 2023.
That represents a change of down 3.6% on the previous year and down 52.7% over ten years.
Over the whole period, net trade in goods and services in Tuvalu peaked at -16.70 million BoP, current US$ in 2002 and was at its lowest, -64.23 million BoP, current US$, in 2019.
That places Tuvalu 82nd out of 200 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
Net trade in goods and services in Tuvalu, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2001 | -24.77 million BoP, current US$ | — |
| 2002 | -16.70 million BoP, current US$ | -32.6% |
| 2003 | -18.39 million BoP, current US$ | +10.2% |
| 2004 | -22.03 million BoP, current US$ | +19.8% |
| 2005 | -17.59 million BoP, current US$ | -20.2% |
| 2006 | -18.46 million BoP, current US$ | +5.0% |
| 2007 | -28.36 million BoP, current US$ | +53.6% |
| 2008 | -35.44 million BoP, current US$ | +25.0% |
| 2009 | -45.17 million BoP, current US$ | +27.5% |
| 2010 | -38.19 million BoP, current US$ | -15.5% |
| 2011 | -50.28 million BoP, current US$ | +31.7% |
| 2012 | -24.62 million BoP, current US$ | -51.0% |
| 2013 | -37.36 million BoP, current US$ | +51.8% |
| 2014 | -40.10 million BoP, current US$ | +7.3% |
| 2015 | -59.84 million BoP, current US$ | +49.2% |
| 2016 | -47.12 million BoP, current US$ | -21.2% |
| 2017 | -49.72 million BoP, current US$ | +5.5% |
| 2018 | -47.71 million BoP, current US$ | -4.1% |
| 2019 | -64.23 million BoP, current US$ | +34.6% |
| 2020 | -53.86 million BoP, current US$ | -16.2% |
| 2021 | -58.49 million BoP, current US$ | +8.6% |
| 2022 | -55.05 million BoP, current US$ | -5.9% |
| 2023 | -57.04 million BoP, current US$ | +3.6% |
Tuvalu compared with similar countries
- Tuvalu's -57.04 million BoP, current US$ is above the median for upper middle income countries, which is -288.45 million BoP, current US$, 20% of the median. (57 countries reporting)
- Tuvalu's -57.04 million BoP, current US$ is above the median for East Asia & Pacific, which is -105.08 million BoP, current US$, 54% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -25.21 million BoP, current US$ | -45.17 million BoP, current US$ | -16.70 million BoP, current US$ | 9 |
| 2010s | -45.92 million BoP, current US$ | -64.23 million BoP, current US$ | -24.62 million BoP, current US$ | 10 |
| 2020s | -56.11 million BoP, current US$ | -58.49 million BoP, current US$ | -53.86 million BoP, current US$ | 4 |
Countries ranked near Tuvalu
- 79 Sint Maarten (Dutch part) 15.33 million BoP, current US$ compare
- 80 Barbados 15.07 million BoP, current US$ compare
- 81 Eswatini -52.85 million BoP, current US$ compare
- 83 Central African Republic -65.38 million BoP, current US$
- 84 Nigeria -71.95 million BoP, current US$ compare
- 85 Seychelles -76.15 million BoP, current US$ compare
More economy & growth data for Tuvalu
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.31 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.93 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -915,228 BoP, current US$ (2021)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0149 BoP, current US$ per US$ of GDP (2021)
- Foreign direct investment, net outflows (BoP, current US$), per capita -89.78 BoP, current US$ per person (2021)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 258,080 BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 55.2 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0045 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 26.76 BoP, current US$ per person (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -0.5864 % change on previous year (2015)
Frequently asked questions
- What is net trade in goods and services in Tuvalu?
- Net trade in goods and services in Tuvalu was -57.04 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Tuvalu?
- The highest recorded value was -16.70 million BoP, current US$ in 2002.
- What is the lowest net trade in goods and services recorded in Tuvalu?
- The lowest recorded value was -64.23 million BoP, current US$ in 2019.
- How does Tuvalu rank for net trade in goods and services?
- Tuvalu ranks 82nd out of 200 countries with data for 2023.
- Is net trade in goods and services rising or falling in Tuvalu?
- Over the last ten years it is down 52.7%. The long-run trend across the full record is falling.
- Where does this Tuvalu data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.