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2023
Product
Exports | Imports $742M | $1.63B166 of 226 |  171 of 226
2023
Per Capita Product
Exports | Imports $6.19k | $13.6k55 of 220 |  65 of 220

About

Overview In 2023 Seychelles was the number 166 economy in the world in terms of total exports and the number 171 in total imports.

Exports The top exports of Seychelles are Non-fillet Frozen Fish ($308M), Processed Fish ($280M), Scrap Iron ($40M), Non-fillet Fresh Fish ($17.9M), and Animal Meal and Pellets ($8.44M), exporting mostly to France ($147M), Mauritius ($88.5M), United Kingdom ($63.5M), Japan ($59.8M), and Italy ($59.5M).

Imports The top imports of Seychelles are Refined Petroleum ($361M), Non-fillet Frozen Fish ($158M), Recreational Boats ($54.7M), Cars ($43.8M), and Small Iron Containers ($25.6M), importing mostly from United Arab Emirates ($514M), Spain ($155M), France ($98.3M), South Africa ($97.2M), and India ($93.7M).

Location Seychelles borders Comoros, Madagascar, Mauritius, and Tanzania by sea.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Seychelles.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Non-fillet Frozen Fish$308M
Top Destination (2023)France$147M

In 2023, Seychelles exported a total of $742M, making it the number 166 exporter in the world. During the last five reported years the exports of Seychelles have changed by -$236M from $977M in 2018 to $742M in 2023.

The most recent exports are led by Non-fillet Frozen Fish ($308M), Processed Fish ($280M), Scrap Iron ($40M), Non-fillet Fresh Fish ($17.9M), and Animal Meal and Pellets ($8.44M). The most common destination for the exports of Seychelles are France ($147M), Mauritius ($88.5M), United Kingdom ($63.5M), Japan ($59.8M), and Italy ($59.5M).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
Singapore$37.7M (+ 5.47k%)
Germany$24M (+ 333%)
Italy$22M (+ 58.5%)
Fastest Growing Import Markets (2022 - 2023)
United Arab Emirates$129M (+ 33.5%)
Oman$51.6M (+ 1.87k%)
Spain$46.9M (+ 43.4%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Seychelles Exports Services (2020)$977M
Seychelles Imports Services (2020)$474M

In 2020, Seychelles exported $977M worth of services. The top services exported by Seychelles in 2020 were Merchanting and other trade-related services ($473M), Personal travel ($265M), Sea transport ($77.2M), Business travel ($62.2M), and Miscellaneous business, professional, and technical services ($37.7M).

The top services imported by Seychelles in 2020 were Miscellaneous business, professional, and technical services ($285M), Sea transport ($102M), Air transport ($37.8M), Personal travel ($24.6M), and Financial services ($9.59M).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Most Specialized Products by RCA Index

Seychelles has a high level of specialization in Processed Fish (451), Non-fillet Frozen Fish (358), Animal Meal and Pellets (26.8), Scrap Iron (26.3), and Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials (24.8). Specialization is measured using RCA, an index that takes the ratio between Seychelles observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Seychelles according to the product complexity index (PCI) are Tools, hand; saws and blades for saws of all kinds (including slitting,... (1.71), Machines and appliances, instruments or apparatus of chapter 90; parts and accessories... (1.18), Copper; articles thereof n.e.c. in chapter 74 (1.09), Vehicles; parts and accessories of heading no. 8711 to 8713 (0.8), and Machinery n.e.c. in this chapter, for the industrial preparation or manufacture of... (0.7). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Seychelles according to the relatedness index, were Crustaceans (0.074), Cocoa Beans (0.064), Refined Petroleum (0.062), Molluscs (0.06), and Coral and Shells (0.059). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Seychelles is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Seychelles. These are products that tend to be co-exported with the products that Seychelles exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

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