Aruba

Aruba

Global Trade Profile β€’ Rank #195 Exporter

$97.66M

Total Exports (2023)

$1.12B

Total Imports (2023)

$1.03B

Trade Deficit

#195

Export Ranking

Trade Flow Visualization

Interactive map showing Aruba's top trading partners. Green lines represent exports, red lines represent imports.

#195

Export Rank

$97.66M

Total Exports

$1.12B

Total Imports

-$1.03B

Trade Balance

28

Trade Partners

🌍 Top Export Destinations

Top Export Products

#1Turbines: gas-turbines (excluding turbo-jets and t...
26.7%$26.06M
#2Petroleum oils and oils from bituminous minerals, ...
8.7%$8.52M
#3Turbines: steam and other vapour turbines, (for ot...
8.7%$8.45M
#4Heat exchange units: not used for domestic purpose...
6.5%$6.34M
#5Ferrous waste and scrap: n.e.c. in heading no. 720...
3.4%$3.28M
#6Copper: waste and scrap
3.0%$2.94M
#7Fish: frozen, hake (Merluccius spp., Urophycis spp...
2.7%$2.66M
#8Printed matter: books, brochures, leaflets and sim...
2.7%$2.59M
#9Fruit, edible: cranberries, bilberries and other f...
2.5%$2.43M
#10Medicaments: consisting of mixed or unmixed produc...
2.2%$2.12M

πŸ“₯ Top Import Sources

Top Import Products

#1Petroleum oils and oils from bituminous minerals, ...
16.0%$179.50M
#2Cigarettes: containing tobacco
3.4%$38.63M
#3Jewellery: of precious metal (excluding silver) wh...
3.0%$34.18M
#4Meat: of bovine animals, boneless cuts, frozen
2.0%$22.11M
#5Vehicles: with only spark-ignition internal combus...
1.9%$21.44M
#6Food preparations: n.e.c. in item no. 2106.10
1.8%$20.56M
#7Medicaments: consisting of mixed or unmixed produc...
1.4%$15.56M
#8Iron or steel: structures and parts thereof, n.e.c...
1.1%$12.91M
#9Wrist-watches: whether or not incorporating a stop...
1.1%$12.89M
#10Meat and edible offal: of fowls of the species Gal...
1.1%$12.84M

πŸ“ˆ Historical Trade Trends (1995-2023)

29 Years

Data Coverage

29

Data Points

πŸ“‰

Trend Direction

Aruba Trade Analysis 2023

πŸ“Š Overview

#195
Global Export Rank
1.22B
Total Trade Volume
0.01%
Share of Global Trade

Aruba stands as the world's #195 largest exporter and #179 largest importer, demonstrating emerging market dynamics.

The trade profile reveals a deficit of 1.03 billion, reflecting import dependencies for growth.

⚠️
Trade deficit of 91.3% of imports requires careful management of external financing.
97.66M
Total Exports
1.12B
Total Imports
0.09
Export/Import Ratio

The country maintains active trading relationships with 20 major partners, creating a highly diversified trade network.

Monthly trade flows average $101.86M, generating continuous economic activity across logistics, finance, and trade services.

🚒 Export Markets

Jordan
Guyana
Slovakia
Saudi Arabia
Netherlands
Others

Export Market Concentration

56.8%
$55.48M
8.6%$8.42M
7.6%$7.42M
6.4%$6.24M
5.3%$5.14M
3.8%$3.73M
3.0%$2.89M
13 others
7.3%$7.15M

Export concentration shows Jordan as the dominant market at 56.8%. The top three markets control 73.0% of exports.

⚠️

Market Concentration Risk

Heavy reliance on Jordan (56.8% of exports) creates vulnerability to bilateral tensions or economic downturns in that market.
84.7%
Top 5 Markets
95.2%
Top 10 Markets
20
Total Partners

Regional patterns reveal globally balanced access. Secondary markets (USA, Other Asia, nes, China, Hong Kong SAR) provide $10.30M in additional trade.

πŸ“¦ Import Sources

Import Source Concentration

53.1%
$597.34M
15.1%
$169.34M
5.9%$66.19M
3.6%$40.76M
3.5%$39.11M
2.0%$22.09M
1.7%$18.66M
13 others
11.3%$127.00M

Aruba relies heavily on USA for imports (53.1%),creating supply chain concentration risk.

Energy suppliers including United Arab Emirates (11.28M) collectively provide 11.28 million or 1.0% of imports, highlighting the economy's dependence on imported energy resources.

Manufacturing inputs come primarily from China, Thailand, reflecting deep integration into Asian production networks. China's dominant position at 66.19 million encompasses electronics components, textiles, machinery parts, and consumer goods, creating both efficiency benefits and concentration risks.

The USA provides 597.34 million (53.1%) in imports, concentrated in agricultural products, aircraft, pharmaceuticals, and advanced technology.The top 10 import sources account for 88.5% of total imports, with the remaining 11% distributed among 10 other suppliers.

Regional sourcing patterns reveal diversified global sourcing. European suppliers including Netherlands (169.34M), Italy (14.92M), France (11.00M) focus on luxury goods, machinery, and specialized chemicals.

Supply chain resilience strategies increasingly emphasize "China Plus One" approaches, with India, Thailandemerging as alternative manufacturing bases. The geographic proximity of major suppliers balances efficiency with risk diversification.

πŸ“¦ Product Composition

πŸš€ Export Products

Top Export Products

gas-turbines (excluding turbo-jets and turbo-prope...
26.7%
$26.06M
preparations n.e.c. containing by weight 70% or mo...
8.7%$8.52M
steam and other vapour turbines, (for other than m...
8.7%$8.45M
not used for domestic purposes...
6.5%$6.34M
n.e.c. in heading no. 7204...
3.4%$3.28M
3 others
8.4%$8.19M

Aruba's export economy centers on advanced machinery and electronics, with the leading export being gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWat $26.06 million, accounting for 26.7% of total exports.

Electronics, semiconductors, and machinery contribute 43.22 million or 44.3% of exports.

The automotive sector's dominance is evident in the export portfolio, with . This automotive specialization reflects decades of manufacturing excellence, continuous innovation in fuel efficiency and hybrid technology, and established global brand recognition.

The transition to electric and hybrid vehicles is captured in export data, with 1 categories specifically related to alternative propulsion systems, totaling $1.50M.

Beyond automotive, Aruba maintains strong positions in industrial machinery (4 categories totaling 41.72M), electronic components (1.50M), and Petroleum oils and oils from bituminous minerals, not crude, Ferrous waste and scrap, Copper.

The top 20 export products collectively account for 78.1% of total exports, revealing moderate concentration with room for further diversification.

πŸ›’ Import Products

Top Import Products

preparations n.e.c. containing by weight 70% or mo...
16.0%
$179.50M
containing tobacco
3.4%$38.63M
of precious metal (excluding silver) whether or no...
3.0%$34.18M
of bovine animals, boneless cuts, frozen
2.0%$22.11M
with only spark-ignition internal combustion recip...
1.9%$21.44M
3 others
4.4%$49.03M

Energy dominates Aruba's import profile, with fossil fuels accounting for 179.50 million or 16.0% of total imports. Crude oil leads at 179.50 million (16.0%), followed by natural gas and coal. This energy import dependency shapes economic policy, inflation dynamics, and strategic relationships with supplier nations.

πŸ”‘

Key Finding: Energy Dependency

Energy imports of $179.50M account for 16.0% of all imports, making Aruba vulnerable to global energy price fluctuations and supply disruptions.

Beyond energy, critical imports include containing tobacco (38.63M, 3.4%), of precious metal (excluding silver) whe... (34.18M, 3.0%), of bovine animals, boneless cuts, frozen (22.11M, 2.0%), with only spark-ignition internal combus... (21.44M, 1.9%), n.e.c. in item no. 2106.10 (20.56M, 1.8%).Electronic components and devices total 10.39 million (0.9% of imports), supporting domestic manufacturing and assembly operations. Pharmaceutical products represent 26.83 million (2.4%), reflecting healthcare sector demands.

The import product mix reveals structural characteristics of Aruba's economy: integration into global electronics supply chains, food security dependencies, and sophisticated consumption patterns.

The ratio of raw materials to finished goods in imports (12 : 8among top 20 products) indicates significant value-addition activities domestically. Import substitution potential exists in agriculture and technology sectors through targeted industrial policies and investment.

Product diversification metrics reveal focused product specializationwith implications for economic resilience and growth potential. The technology ladder progression from 9 primary products to 6 high-tech goods indicates the economy's structural transformation and industrial upgrading trajectory.

Value addition opportunities exist in transitioning from raw material exports to processed goods, from components to finished products, and from standard to customized offerings. The product space connectivity, measuring relatedness between current exports and potential new products, suggests need for capability building to enter new product categories.

βš–οΈ Trade Balance Dynamics

-1.03 billion
Trade Deficit β€’ 84.02% of total trade
PartnerExportsImportsBalance
USA$3.73M$597.34M$-593.61M
Netherlands$5.14M$169.34M$-164.20M
China$0$66.19M$-66.19M
Jordan$55.48M$0+$55.48M
Brazil$0$40.76M$-40.76M

Export-to-import ratio of 0.087 means exports cover 8.7% of import costs.

πŸ”— Key Relationships

Major Trading Partners

PartnerExportsImportsBalance
USA$3.73M$597.34M$-593.61M
Netherlands$5.14M$169.34M$-164.20M
China$0$66.19M$-66.19M
Jordan$55.48M$0+$55.48M
Brazil$0$40.76M$-40.76M
Colombia$0$39.11M$-39.11M
Costa Rica$0$22.09M$-22.09M
Spain$158,239$18.66M$-18.50M
Total$64.50M$953.49M$-888.98M

The Aruba-USA relationship leads at 601.08 million in bilateral trade.View detailed analysis β†’

Additional major partnerships include China (66.19M total trade), Jordan (55.48M total trade), Brazil (40.76M total trade). Regional integration through transatlantic partnerships facilitates technology transfer, market access, and production efficiency. The diversity of trading relationshipsβ€”1.05B across top 10 partnersβ€”provides resilience against bilateral tensions and regional disruptions.

πŸ† Competitive Position

Global rankings position Aruba as the #195 exporter worldwide,in the developing trader category. The country's share of global exports at approximately 0.001%offers opportunities for market share expansion.

Export sophistication, measured by the dominance of technology-intensive products, indicates advanced industrial capabilities. The revealed comparative advantage (RCA) index shows strongest competitiveness in sectors where Aruba's global market share exceeds its overall trade share by factors of 2 or more.

Competitive advantages emerge in sectors where export concentration exceeds import share, particularly ingas-turbines (excluding t, preparations n.e.c. conta, steam and other vapour tu. The revealed comparative advantage is strongest in product categories representing44.1% of exports. Market positioning against regional competitors shows niche specialization opportunities.

Trade complementarity with major partners suggests regional production network participation. The export quality ladder, comparing unit values to world averages, indicates competitive pricing strategies.

Competitive dynamics are shaped by factor endowments including cost advantages and resource availability, infrastructure quality, and business environment. The export survival rate, measuring the persistence of export relationships over time, suggests need for relationship strengthening.

Innovation capacity, reflected in the technology content of exports and R&D intensity, determines long-term competitiveness trajectories. The competitive threat from emerging exporters in similar product categories requires continuous upgrading and differentiation strategies to maintain market position. Regional integration through trade agreements provides preferential access to0 markets, creating competitive advantages over non-member competitors.

🎯 Strategic Outlook

ℹ️

Strategic Priority

With a trade deficit of 1.03B, focus should be on export promotion in high-value sectors and strategic import substitution.

The trade profile presents both opportunities and challenges for economic development strategy. Key strengths include strong import capacity enabling technology transfer and consumption growth,diversified market access reducing concentration risk, and competitive positions in high-value manufacturing.

Vulnerabilities include excessive reliance on single export markets. The intersection of these factors creates a complex strategic landscape requiring careful navigation to maximize opportunities while mitigating risks.

Strategic priorities should focus on export promotion and import substitution to enhance trade competitiveness. Opportunities exist in expanding trade with India, United Kingdom, United Arab Emirates, developing new product capabilities in adjacent product categories, and strengthening regional integration through new partnership frameworks.

The digital transformation of trade, including e-commerce, digital services, and blockchain-based trade finance, offers new avenues for market access and efficiency gains. Green trade opportunities in renewable energy, sustainable products, and carbon markets represent growing segments aligned with global sustainability goals.

The evolving global trade environment, characterized by technological disruption, geopolitical realignment, and sustainability imperatives, will fundamentally reshape Aruba's trade prospects. Success requires balanced policies addressing both improving export capacity while ensuring sustainable import financing.

Investment in infrastructure, education, and innovation ecosystems will determine the ability to climb value chains and capture larger shares of global value addition. The resilience agenda, emphasizing supply chain robustness, strategic autonomy in critical sectors, and economic security considerations, must be balanced with efficiency and openness principles.

As global trade patterns continue evolving, Aruba's position as the world's #195 exporter provides a platform for continued growth, requiring adaptive strategies, institutional strengthening, and sustained commitment to competitiveness enhancement in an increasingly complex and interconnected global economy.

Data Notes

Data from CEPII BACI database, harmonized using UN Comtrade methodology. All values in current USD at 2023 exchange rates. Trade statistics cover merchandise goods only, excluding services. Mirror statistics reconciliation applied for data consistency. 2024 data available January 2026. HS6 product classification follows 2017 revision.

Data source: CEPII BACI | Last updated: January 2025 | Next update: January 2026