Aruba's major exports extend beyond its thriving tourism sector, showcasing the country's economic diversification and potential. Refined petroleum remains the largest export category, followed by medicaments, alcohol and spirits, and organic chemicals. With the United States and the Netherlands featuring prominently as trading partners across multiple sectors, Aruba leverages its strategic partnerships and geographic location to export goods to both regional and global markets. As Aruba continues to refine its export strategies and explore new opportunities, it strives to strengthen its economy and solidify its position as a significant player in the international trade arena.
Refined Petroleum
Refined petroleum products are Aruba's largest export category. With the presence of an oil refinery on the island, Aruba refines crude oil and exports petroleum products to global markets. The annual export volume for refined petroleum reaches approximately 15 million barrels, valued at around $1.5 billion. The primary trading partners for Aruba's refined petroleum include the United States, Venezuela, and Panama.
Medicaments
Aruba also exports a significant volume of medicaments, including pharmaceutical products and medications. The annual export volume for medicaments is estimated to be around 100 million units, generating an export value of approximately $250 million. The closest trading partners for Aruba's medicaments include the United States, the Netherlands, and Puerto Rico.
Alcohol and Spirits
Aruba produces and exports a range of alcoholic beverages, including rum, vodka, and liqueurs. The annual export volume for alcohol and spirits is around 5 million liters, valued at approximately $150 million. The primary trading partners for Aruba's alcohol and spirits include the United States, the Netherlands, and Canada.
Organic Chemicals
Aruba exports organic chemicals, including chemical compounds used in various industries. The annual volume of organic chemicals exports is estimated to be around 50,000 metric tons, with an export value of approximately $100 million. The key trading partners for Aruba's organic chemicals include the United States, the Netherlands, and Germany.
Petroleum Gas
Apart from refined petroleum, Aruba also exports petroleum gas, including liquefied petroleum gas (LPG). The annual export volume for petroleum gas is approximately 200,000 metric tons, valued at around $90 million. The closest trading partners for Aruba's petroleum gas are the United States, the Netherlands, and Panama.
Jewellery and Precious Metals
Aruba's jewellery and precious metals industry contributes to its export economy. The annual export volume for jewellery and precious metals is estimated at approximately 100 kilograms, with an export value of around $75 million. The primary trading partners for Aruba's jewellery and precious metals include the United States, Italy, and Switzerland.
Electrical Machinery and Equipment
Aruba exports electrical machinery and equipment, including electronic components and telecommunications devices. The annual volume of electrical machinery and equipment exports is around 5,000 metric tons, with an export value of approximately $70 million. The key trading partners for Aruba's electrical machinery and equipment are the United States, the Netherlands, and China.
Iron and Steel
Aruba exports iron and steel products, including iron ores and alloys. The annual export volume for iron and steel is estimated at around 50,000 metric tons, with an export value of approximately $60 million. The closest trading partners for Aruba's iron and steel include the United States, the Netherlands, and Brazil.
Fish and Seafood
Given its coastal location, Aruba also exports a variety of fish and seafood products. The annual export volume for fish and seafood is approximately 1,000 metric tons, valued at around $50 million. The primary trading partners for Aruba's fish and seafood include the United States, the Netherlands, and neighboring Caribbean countries such as the Dominican Republic and Haiti.
Fruits and Vegetables
Aruba exports a range of fruits and vegetables, including citrus fruits, melons, and leafy greens. The annual export volume for fruits and vegetables is estimated to be around 1,500 metric tons, with an export value of approximately $40 million. The key trading partners for Aruba's fruits and vegetables include the Netherlands, the United States, and neighboring Caribbean countries.
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