Net trade in goods in Tuvalu
Tuvalu: Net trade in goods was -34.82 million BoP, current US$ in 2023. ◆ Volatile
Net trade in goods in Tuvalu, 2001–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, net trade in goods in Tuvalu stood at -34.82 million BoP, current US$. That is the lowest value across all 23 years on record.
Compared with earlier readings it is down 36.1% on the previous year and down 124.2% over ten years.
Over the whole period, net trade in goods in Tuvalu peaked at -1.55 million BoP, current US$ in 2012 and was at its lowest, -34.82 million BoP, current US$, in 2023.
Tuvalu ranks 68th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -10.92 million BoP, current US$ | -21.08 million BoP, current US$ | -5.34 million BoP, current US$ | 9 |
| 2010s | -16.64 million BoP, current US$ | -31.26 million BoP, current US$ | -1.55 million BoP, current US$ | 10 |
| 2020s | -29.83 million BoP, current US$ | -34.82 million BoP, current US$ | -25.59 million BoP, current US$ | 4 |
Countries ranked near Tuvalu
- 65 Djibouti 41.45 million BoP, current US$ compare
- 66 Central African Republic 15.31 million BoP, current US$ compare
- 67 Mali -11.98 million BoP, current US$ compare
- 69 Micronesia (country) -66.36 million BoP, current US$ compare
- 70 Nauru -67.12 million BoP, current US$ compare
- 71 Marshall Islands -71.59 million BoP, current US$ compare
More economy & growth data for Tuvalu
- GDP 42.97 million constant 2015 US$ (2025)
- GDP deflator 143.55 base year varies by country (2025)
- Gross value added at basic prices (GVA) 27.05 million current US$ (2015)
- Gross value added at basic prices (GVA) 36.01 million current LCU (2015)
- GDP 57.35 million current US$ (2025)
- GDP 89.00 million current LCU (2025)
- GDP 62.00 million constant LCU (2025)
- GDP per capita 4,527 constant 2015 US$ (2025)
- GDP per capita 6,041 current US$ (2025)
- Inflation, GDP deflator 1.8% (2025)
Frequently asked questions
- What is net trade in goods in Tuvalu?
- Net trade in goods in Tuvalu was -34.82 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 recorded in Tuvalu?
- The highest recorded value was -1.55 million BoP, current US$ in 2012.
- What is the lowest net trade in goods recorded in Tuvalu?
- The lowest recorded value was -34.82 million BoP, current US$ in 2023.
- How does Tuvalu rank for net trade in goods?
- Tuvalu ranks 68th out of 199 countries with data for 2023.
- Is net trade in goods rising or falling in Tuvalu?
- Over the last ten years it is down 124.2%. The long-run trend across the full record is volatile.
- 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 (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods is the difference between the exports and imports of goods. 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.