Foreign Trade

International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product (GDP).

Recent Posts

The International Merchandise Trade (IMTS) statistics provides information on Tuvalu’s exports, re-exports and imports of goods between Tuvalu, and the rest of the world. The administrative data used to compile the release is supplied by the Tuvalu Customs department through the online ASYCUDA system.

The Tuvalu CSD compiles the IMTS reports on a quarterly basis with the aim of providing users with relevant trade data that can be applied to develop better planning and consult trade deals in order to develop progress on relevant trade policies.

Imports

In 2023, Total Imports peaked in June with approximately $7.07 million, while its lowest value was recorded in December with an estimate of $2.58 million. The main contributors to the import rise in June 2023 were;

  • Machinery & mechanical & electrical appliances & parts thereof ($3.89 million)
  • Mineral Products ($1.29 million)
  • Prepared foodstuffs, beverages, spirits & tobacco ($0.40 million)
Graph

[supsystic-table-diagram id=’34’]

Table
Table Plugin

Exports

The trend of Total Exports revealed that Tuvalu had gradually regained its travel access after COVID 19 travel restrictions from 2020 to 2022. In January 2023, Tuvalu recorded its lowest value of exports with approximately $5.17 thousand, while its greatest export was recorded in October with approximately $33.2 thousand. Total Exports in October 2023 overall comprises of *Mineral Products1 ($33.2 thousand).

Graph

[supsystic-table-diagram id=’35’]

Table
Table Plugin

Balance of Trade

Tuvalu’s lowest monthly Trade Balance was recorded in December 2023 as $2.56 million deficit whereas in June 2023, Tuvalu recorded its greatest deficit of $7.04 million. From June to December, an ascending Trade Balance is revealed due to a considerable decline in total imports along with a steady export.

Graph

[supsystic-table-diagram id=’37’]

Table
Table Plugin

Trade Markets

Trade by Partner Country indicates a prominent trade link between Tuvalu and its Pacific neighboring countries – approximately 65% or $42.16 million of total imports were from Australia (45%) and Fiji (20%), meanwhile 93% of total exports were exported to Fiji. An accumulative 22% or $14.06 million of total imports were from Asian regional countries of Singapore, China, and Japan.

Graph – Imports

[supsystic-table-diagram id=’45’]

Graph – Exports
[supsystic-table-diagram id=’44’]
Table
Table Plugin

For more information, click the buttons below to download the IMTS Report and IMTS Release Tables.

  1. *Mineral Products refers to re-fuels of Airlines travelling out from Tuvalu. ↩︎

IMTS 2023 Q2

CSD has compiled the IMTS 2023 Q2 report. There is an increase in the trade deficit due to increased imports and decreased exports. More information will be detailed in the report and the release tables. IMTS 2023 Q2 Report IMTS 2023 Q2 Release...

IMTS – 2020 Q4

CSD has released a report in International Merchandise Trade Statistics (IMTS) for the second half (Q3 and Q4) of the year 2020. The graph below provides an overview of the imports and exports in Tuvalu. Tuvalu IMTS Release Tables 2020 2020 IMTS Biannual 2...

IMTS – 2020 Q2

The Tuvalu Central Statistics Division has released a report on International Merchandise Trade Statistics (IMTS) for the second quarter of 2020. The report can be found in the archives for International Trade. The graphs below provide an overview of Imports and...