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Tuvalu
(information)
Population as of 2020: 11,792 192 of 193
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Region: Pacific Islands
Nominal G.D.P. in 2024: $0.0065 billion 193 of 193
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Top Exports
Tuvalu's export economy is modest in scale, reflecting its small population and limited industrial base. In 2023, the country's total merchandise exports were valued at approximately **US\$0.2 million**, accounting for about 0.28% of its GDP.
- **Tugboats**: Valued at approximately \$108 million, tugboats represent a significant portion of Tuvalu's exports.
- **Non-fillet Frozen Fish**: Including species like tuna and skipjack, this category accounts for about \$19.3 million in exports.
- **Nitrile Compounds**: Used in various industrial applications, these compounds contribute \$157,000 to export revenues.
- **Integrated Circuits**: Electronic components valued at \$111,000.
- **Electrical Power Accessories**: Including items like connectors and switches, totaling \$86,600.
- **Copra**: Dried coconut kernel, a traditional export product.
- **Coins**: Commemorative and collector coins issued by Tuvalu.
- **Metal-clad Products**: Various manufactured goods with metal components.
- **Electrical Equipment**: Miscellaneous electrical items.
- **Fishery Products**: General category encompassing various seafood exports.
Top Export Destinations
- **Thailand**: Approximately \$117 million in imports from Tuvalu.
- **Nigeria**: Around \$5.96 million
- **Philippines**: Approximately \$3.63 million
- **South Korea**: About \$947,000
- **Ecuador**: Roughly \$288,000
These figures highlight Tuvalu's trade relationships with various countries, particularly in the Asia-Pacific region.
Tuvalu's economy is characterized by a limited range of export products, with a significant emphasis on maritime vessels and fishery products.
