Seychelles Export Data

Seychelles Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Seychelles' main trading partners include Singapore, China, France, India, and the United Arab Emirates, illustrating its global trade connections.

• Top 5 Imports: Petroleum products, foodstuffs, chemicals, machinery, and transport equipment. These categories represent a significant portion of the total imports, highlighting the country's reliance on external sources for basic and industrial needs.

• Top 5 Exports: Fish and fish products, coconut products, vanilla, essential oils, and clothing. Exports of these goods contribute notably to the national economy and showcase Seychelles' natural resource base.

• Trade Balance: Seychelles typically runs a trade deficit, importing more than it exports. Efforts are ongoing to diversify the economy and increase export potential to narrow this gap.

• Trade Policy: Seychelles follows a liberal trade policy with few restrictions, aiming to promote economic growth through international trade. It participates in various regional trade agreements to enhance market access.

Domestic Market

• Consumer Expenditure: Consumer spending is robust, driven by tourism and growing domestic industries. However, external economic shocks can lead to fluctuations in consumption patterns.

• Interest Rates & Inflation: Interest rates are managed to control inflation and maintain economic stability. Inflation rates have been relatively stable, although global factors can influence local price levels.

• Supply Chain Dynamics: Seychelles' supply chains are susceptible to global disruptions, impacting the availability and prices of imported goods. Efforts are being made to strengthen local production and reduce dependency.

• Sector Performance: The tourism sector is a key contributor to the economy, alongside fisheries and agriculture. There is also a growing focus on renewable energy and services to diversify the economy.

Overall Outlook

Seychelles faces challenges in balancing its trade and managing external economic factors. However, strategic investments in tourism, fisheries, and emerging sectors indicate a positive trajectory for economic development and resilience.