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Kiribati Net Trade (Goods & Services, BoP)

Kiribati's net trade (goods & services, bop) rose to $-276.53 million in 2023, up from $-251.42 million in 2022, according to World Bank. This represents an increase of 10% ($25.1 million) from the previous year. Kiribati has net trade (goods & services, bop) lower than the global median (-$276.53 million vs median -$215.12 million). Compared with the median in Oceania, Kiribati is lower (-$276.53 million vs regional median -$206.02 million) and ranks 10th out of 13 countries in Oceania.

Yearly Historical Data (1979-2023)

(in Million USD)
Year Net Trade (Goods & Services, BoP) (Million USD)
2023 -276.53
2022 -251.42
2021 -191.23
2020 -127.54
2019 -144.63
2018 -151.37
2017 -165.76
2016 -161.48
2015 -156.19
2014 -159.9
2013 -151.87
2012 -146.14
2011 -131.49
2010 -103.52
2009 -97.23
2008 -98.82
2007 -90.09
2006 -82.73
1994 -20.8
1993 -29.7
1992 -37.27
1991 -27.57
1990 -35.24
1989 -27.28
1988 -25.7
1987 -24.05
1986 -18.54
1985 -17.29
1984 -11.55
1983 -18.09
1982 -25.55
1981 -26.96
1980 -22.08
1979 4.06
Kiribati Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Kiribati, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $8.86M $9.27M 2021
Annual Imports $173.83M $108.95M 2021
Exports (% GDP) 6.27% 5.92% 2024
FDI Inflows (% GDP) 1.77% 1.58% 2023
Imports (% GDP) 94.88% 101.67% 2024
Trade (% GDP) 101.15% 107.59% 2024