Country intelligence · VUT · 2024

Vanuatu trade profile

In 2024, Vanuatu recorded $307.7M in merchandise exports and $559.7M in imports, producing a $252.0M trade deficit. Exports changed +46.9% from the previous year, while imports changed +10.7%.[1]

Exports

$307.7M

+46.9%

Imports

$559.7M

+10.7%

Trade balance

-$252.0M

deficit

Active partners

270

13 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$307.7M$559.7M-$252.0M+46.9%
2023$209.5M$505.4M-$296.0M-2.6%
2022$215.1M$435.5M-$220.4M-22.6%
2021$278.0M$389.6M-$111.6M+30.4%
2020$213.1M$307.0M-$93.9M+27.4%
2019$167.3M$348.9M-$181.6M-5.6%
2018$177.2M$317.2M-$139.9M-23.2%
2017$230.9M$289.6M-$58.7M-60.6%
2016$585.5M$398.4M$187.2M-28.1%
2015$814.5M$442.4M$372.1M+52.5%

Leading export sectors

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

1

HS 03 · HS chapter

67 active HS6 lines · 12 export partners

$130.4M
2

HS 89 · HS chapter

15 active HS6 lines · 8 export partners

$113.8M
3

HS 12 · HS chapter

22 active HS6 lines · 14 export partners

$49.0M
4

HS 18 · HS chapter

8 active HS6 lines · 10 export partners

$8.6M
5

HS 44 · HS chapter

54 active HS6 lines · 9 export partners

$1.5M
6

HS 85 · Electrical machinery

207 active HS6 lines · 35 export partners

$562.8K
7

HS 10 · Cereals

12 active HS6 lines · 2 export partners

$449.6K
8

HS 74 · HS chapter

21 active HS6 lines · 1 export partners

$392.9K

Leading export markets

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

1

Thailand

Annual change +118.8% · 3-year CAGR 12.4%

$188.3M
2

Japan

Annual change -7.4% · 3-year CAGR -12.1%

$31.2M
3

China

Annual change +39.4% · 3-year CAGR 18.3%

$17.5M
4

Kiribati

Annual change +8.8% · 3-year CAGR 25.6%

$17.0M
5

United States

Annual change +120.3% · 3-year CAGR 29.2%

$13.4M
6

Philippines

Annual change +82.2% · 3-year CAGR -5.3%

$8.3M
7

Malaysia

Annual change +257.6% · 3-year CAGR 33.9%

$6.5M
8

Fiji

Annual change +10.0% · 3-year CAGR 2.0%

$5.9M

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.