Trade Trend

In 2023, Vanuatu's total export value is 226.99Million USD, total import value is 440.15Million USD, Deficit is -213.15Million USD, and foreign trade dependency is 0.592. In 2023，Vanuatu's top export products are Fish; frozen, excluding fish fillets and other fish meat of heading 0304(142.62Million 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(30.55Million USD), Vessels; other, including warships and lifeboats, other than rowing boats(10.50Million USD), top export destinations are Thailand(91.89Million USD), Japan(37.44Million USD), Vietnam(29.40Million USD). In 2023, Vanuatu's top import products are 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(68.01Million USD), Vehicles; for the transport of goods(14.88Million USD), Meat and edible offal of poultry; of the poultry of heading no. 0105, (i.e. fowls of the species Gallus domesticus), fresh, chilled or frozen(13.20Million USD), top import origins are China(124.17Million USD), Australia(76.59Million USD), New Zealand(38.43Million USD).

Comparing to 2022, Vanuatu's total export value increased 5.93Million USD(2.68%) in 2023, this could result from its export increases of products such as 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(11.97Million USD or 64.45%), Molluscs; whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked molluscs, whether in shell or not, whether or not cooked before or during the smoking process(3.60Million USD or 61.50%), Wood in the rough, whether or not stripped of bark or sapwood, or roughly squared(1.57Million USD or 78.74%) and export increases to countries/economics such as Australia(3.31Million USD or 111.80%), China(3.11Million USD or 28.78%), Spain(768.10Thousands USD or 139.74%). Comparing to 2022, Vanuatu's total import value increased 37.53Million USD(9.32%) in 2023, this could result from its import increases of products such as Vehicles; for the transport of goods(5.71Million USD or 62.30%), Petroleum gases and other gaseous hydrocarbons(4.75Million USD or 1.32Thousands%), Meat and edible offal of poultry; of the poultry of heading no. 0105, (i.e. fowls of the species Gallus domesticus), fresh, chilled or frozen(3.78Million USD or 40.07%), and its import increases from countries/economies such as China(30.66Million USD or 32.79%), Australia(11.89Million USD or 18.37%), Fiji(10.80Million USD or 59.52%).

Cumulated to first 6 months of 2024, Vanuatu's total export value is 195.92Million USD, total import value is 179.69Million USD, and tradesurplus is 16.24Million USD. Cumulated to first 6 months of 2024, Vanuatu's top export products are Lightvessels, firefloats, dredgers, floating cranes, other vessels; the navigability of which is subsidiary to main function; floating docks, floating, submersible drilling, production platforms(119.60Million USD), Fish; frozen, excluding fish fillets and other fish meat of heading 0304(54.72Million 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(8.92Million USD), and top export destinations are Thailand(151.93Million USD), Japan(15.45Million USD), Vietnam(5.69Million USD). Cumulated to first 6 months of 2024, Vanuatu's top import products are Lightvessels, firefloats, dredgers, floating cranes, other vessels; the navigability of which is subsidiary to main function; floating docks, floating, submersible drilling, production platforms(119.60Million USD), Fish; frozen, excluding fish fillets and other fish meat of heading 0304(54.72Million 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(8.92Million USD), and top import origins areChina(55.97Million USD), Australia(30.78Million USD), Malaysia(28.08Million USD).