In Small Island Developing States, services account for 90% of ocean exports
Ocean exports by development status, billions of dollars, 2025
UN Trade and Development, UNCTADstat.
Trade in goods is measured as cross-border international merchandise trade. Certain transactions may therefore be included in both goods and services trade.
In 2025, developed economies exported ocean-related goods and services worth around $1,2 trillion total (abstracting from certain transactions that may be counted in both domains), compared to $1,1 trillion for developing economies. Ocean related exports worth around $197 billion came from Small Island Developing States (SIDS).
SIDS’ ocean exports are dominated by services (90%) – more than the exports of developing economies on average and of developed economies. While Singapore mostly exports maritime passenger and freight services, other SIDS rely heavily on tourism.