Seychelles's trade deficit shrank to USD 55.7 million in October of 2022 from USD 71 million in the same month of the previous year. Imports slumped by 14.6% year-on-year to USD 96.6 million while exports fell at a slower 2.8% to a five-month low of USD 41 million. source: Central Bank of Seychelles

Balance of Trade in Seychelles averaged -44.49 USD Million from 2005 until 2022, reaching an all time high of -2.91 USD Million in September of 2018 and a record low of -192.00 USD Million in August of 2010. This page provides - Seychelles Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Seychelles Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

Balance of Trade in Seychelles is expected to be -51.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Seychelles Balance of Trade is projected to trend around -40.00 USD Million in 2023 and -31.00 USD Million in 2024, according to our econometric models.

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Seychelles Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2022-11-01 10:00 AM Sep $-93.6M $-54.3M $ -47M
2022-12-01 11:00 AM Oct $-55.7M $-93.6M $-115M
2023-02-01 12:00 PM Dec

Related Last Previous Unit Reference
Balance of Trade -55.68 -93.60 USD Million Oct 2022
Current Account -45.20 -4.10 USD Million Jun 2022
Current Account to GDP -20.00 -22.00 percent of GDP Dec 2021
Imports 96.64 149.27 USD Million Oct 2022
Exports 40.97 55.63 USD Million Oct 2022
Capital Flows -42.40 -6.80 USD Million Jun 2022
External Debt 7551.00 7488.00 SCR Million Aug 2022
Foreign Direct Investment 56.70 65.20 USD Million Jun 2022

Seychelles Balance of Trade
Seychelles’ fishing industry accounts for over 90 percent of total exports. However, lack of mineral resources makes the country reliant on the import of petroleum products. Seychelles’ main trading partners are: France, United Kingdom and Saudi Arabia.
Actual Previous Highest Lowest Dates Unit Frequency
-55.68 -93.60 -2.91 -192.00 2005 - 2022 USD Million Monthly