Trade Trend

In 2023, Kiribati's total export value is 18.61Million USD, total import value is 271.54Million USD, Deficit is -252.93Million USD, and foreign trade dependency is 1.040. In 2023，Kiribati's top export products are Fish; frozen, excluding fish fillets and other fish meat of heading 0304(13.48Million USD), Coconut (copra), palm kernel or babassu oil and their fractions; whether or not refined but not chemically modified(3.51Million USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.40Million USD), top export destinations are China(10.75Million USD), Malaysia(3.04Million USD), Japan(2.68Million USD). In 2023, Kiribati's top import products are Stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated(80.46Million USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(21.22Million USD), Plants and parts of plants (including seeds and fruits), of a kind used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purposes, fresh, chilled, frozen or dried, whether or not cut, crushed or powdered(13.88Million USD), top import origins are Portugal(79.80Million USD), Australia(41.55Million USD), China(31.82Million USD).

Comparing to 2022, Kiribati's total export value increased 10.05Million USD(117.51%) in 2023, this could result from its export increases of products such as Fish; frozen, excluding fish fillets and other fish meat of heading 0304(11.72Million USD or 665.81%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(390.81Thousands USD or 38.77%), Coconut (copra), palm kernel or babassu oil and their fractions; whether or not refined but not chemically modified(342.58Thousands USD or 10.80%) and export increases to countries/economics such as Malaysia(2.19Million USD or 259.45%), Nauru(597.13Thousands USD or 506.81%), Australia(176.63Thousands USD or 103.84%). Comparing to 2022, Kiribati's total import value increased 102.63Million USD(60.76%) in 2023, this could result from its import increases of products such as Stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated(80.08Million USD or 21.04Thousands%), Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus for liquids or gases(4.71Million USD or 1.38Thousands%), Plants and parts of plants (including seeds and fruits), of a kind used primarily in perfumery, in pharmacy or for insecticidal, fungicidal or similar purposes, fresh, chilled, frozen or dried, whether or not cut, crushed or powdered(4.12Million USD or 42.27%), and its import increases from countries/economies such as Australia(15.71Million USD or 60.78%), China(7.56Million USD or 31.16%), Vietnam(7.31Million USD or 651.73%).

Cumulated to first 6 months of 2024, Kiribati's total export value is 46.34Million USD, total import value is 63.65Million USD, and tradedeficit is -17.31Million USD. Cumulated to first 6 months of 2024, Kiribati's top export products are Fish; frozen, excluding fish fillets and other fish meat of heading 0304(43.01Million USD), Fish fillets and other fish meat (whether or not minced); fresh, chilled or frozen(1.84Million USD), Coconut (copra), palm kernel or babassu oil and their fractions; whether or not refined but not chemically modified(289.77Thousands USD), and top export destinations are Thailand(30.34Million USD), Colombia(6.93Million USD), Vietnam(3.22Million USD). Cumulated to first 6 months of 2024, Kiribati's top import products are Fish; frozen, excluding fish fillets and other fish meat of heading 0304(43.01Million USD), Fish fillets and other fish meat (whether or not minced); fresh, chilled or frozen(1.84Million USD), Coconut (copra), palm kernel or babassu oil and their fractions; whether or not refined but not chemically modified(289.77Thousands USD), and top import origins areJapan(16.30Million USD), China(16.01Million USD), Australia(9.13Million USD).