Country intelligence · SYC · 2024

Seychelles trade profile

In 2024, Seychelles recorded $691.2M in merchandise exports and $1.4B in imports, producing a $684.1M trade deficit. Exports changed -14.1% from the previous year, while imports changed -22.0%.[1]

Exports

$691.2M

-14.1%

Imports

$1.4B

-22.0%

Trade balance

-$684.1M

deficit

Active partners

270

33 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$691.2M$1.4B-$684.1M-14.1%
2023$804.4M$1.8B-$958.0M-12.2%
2022$916.2M$1.7B-$829.2M-6.7%
2021$982.4M$1.4B-$368.6M-30.8%
2020$1.4B$1.8B-$425.0M-37.3%
2019$2.3B$1.3B$924.1M+170.3%
2018$837.3M$1.7B-$868.9M-69.7%
2017$2.8B$3.4B-$657.5M+321.8%
2016$656.2M$1.8B-$1.1B+8.5%
2015$604.6M$1.3B-$697.9M-57.5%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 16 · HS chapter

40 active HS6 lines · 36 export partners

$250.9M
2

HS 03 · HS chapter

164 active HS6 lines · 50 export partners

$240.1M
3

HS 27 · Mineral fuels and oils

26 active HS6 lines · 15 export partners

$117.1M
4

HS 89 · HS chapter

15 active HS6 lines · 12 export partners

$14.2M
5

HS 23 · HS chapter

11 active HS6 lines · 22 export partners

$9.8M
6

HS 84 · Machinery

457 active HS6 lines · 64 export partners

$8.0M
7

HS 85 · Electrical machinery

259 active HS6 lines · 60 export partners

$6.3M
8

HS 40 · HS chapter

66 active HS6 lines · 24 export partners

$4.9M

Leading export markets

Destinations rank bilateral export flows from Seychelles; growth describes each corridor rather than the whole economy.

1

United Arab Emirates

Annual change -35.8% · 3-year CAGR -22.1%

$127.7M
2

France

Annual change -30.5% · 3-year CAGR -13.9%

$92.9M
3

United Kingdom

Annual change +23.0% · 3-year CAGR 3.4%

$72.3M
4

Italy

Annual change +3.2% · 3-year CAGR 5.2%

$54.2M
5

Mauritius

Annual change -19.2% · 3-year CAGR 3.9%

$50.9M
6

Japan

Annual change -2.5% · 3-year CAGR -7.7%

$47.0M
7

Spain

Annual change +69.9% · 3-year CAGR -10.3%

$42.3M
8

Türkiye

Annual change +26.6% · 3-year CAGR -0.8%

$21.6M

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.