Seychelles
Africa
Trade in Seychelles
| Seychelles was the world’s 167th largest exporter of goods and 107th largest exporter of commercial services in 2022. Export values were $537 million and $1.68 billion USD respectively. Seychelles’s top export category was Agricultural products, followed by Manufactures, and Machinery and transport equipment. In 2022, Seychelles’s main export destination markets for goods and services trade were to Bermuda, France and Caymand Islands, with trade representing 233.07 per cent of GDP. In terms of imports, Seychelles is the world’s 177th largest importer of goods and 137th largest importer of commercial services. Import values were $1.36 billion and $995 million USD respectively in 2022. Seychelles’s top import category was Manufactures, followed by Machinery and transport equipment and Agricultural products. Leading import partners were United Arab Emirates, British Virgin Islands and Germany. Seychelles is part of 4 different Regional Trade Agreements, including Common Market for Eastern and Southern Africa (COMESA) and Common Market for Eastern and Southern Africa (COMESA) – Accession of Egypt. |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Republic of Seychelles |
Abbreviation |
SC |
Capital |
Victoria |
WTO Membership Date |
26 April 2015 |
Legal System |
mixed legal system of English common law, French civil law, and customary law |
Language |
Seselwa, English, French |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Seychellois rupee |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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Trade Information Portal |
https://tradeportal.sc/ |
Last Reviewed: June, 2024
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