Kiribati

In 2012, the value of merchandise exports of Kiribati decreased substantially by 32.4 percent to reach 5.8 mln US$, while its merchandise imports increased substantially by 18.3 percent to reach 108.6 mln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively large deficit of 102.7 mln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed ASPAC at -56.1 mln US$ (see graph 4). Merchandise exports in Kiribati were highly concentrated amongst partners; imports were moderately concentrated. The top 4 partners accounted for 80 percent or more of exports and 5 partners accounted for 80 percent or more of imports (see graph 5). In 2009, the value of exports of services of Kiribati decreased moderately by 7.0 percent, reaching 4.8 mln US$, while its imports of services decreased substantially by 14.2 percent and reached 50.0 mln US$ (see graph 2). There was a large trade in services deficit of 45.2 mln US$.

Related Subject(s): International Trade and Finance

Countries: Kiribati