Exporting guide to Seychelles

Overview

Seychelles is a chain of islands off the west coast of Africa, with a population of just under 100,000 people (IMF, 2019). Seychelles has seen consistent GDP growth over the past few years, which is expected to continue (IMF, 2019). Furthermore, it has very low unemployment, with a rate of 3.0% in 2018, which helps the spending power of consumers (IMF, 2019).

Growing UK export market

In the year ended June 2019, the total UK exports to the Seychelles amounted to £88 million (ONS, 2019). This was a significant increase of 95.6% compared to the previous year (ONS, 2019). This shows an increase in demand for UK products and services which UK businesses could benefit from.

Demand for goods and services

In the year to June 2019, the top goods exported from the UK to the Seychelles were crude oil, ships, metal manufactures, electrical goods and medicinal and pharmaceutical products (ONS, 2019). In terms of services, the top services imported by the Seychelles from the world were business services, transport, travel, insurance and pension services and financial services (ITC Trade Map, 2019). Therefore, if you operate in any of these industries, Seychelles could be a good market for you.

Ships docked in the Seychelles

Seychelles: at a glance

Currency

Seychelles Rupee

Business languages

Seychelles Creole, English

You may need a translator

GDP per capita

$14,931

The UK is $47,203 (IMF, 2021, projected figure)

Economic growth

8%

(IMF, 2021, projected figure)

Time zone

GMT +4

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Check for trade barriers

Trade barriers, such as tariffs or taxes, can raise costs, cause delays, or even stop you from exporting. Check for any issues that may impact your business when exporting.

See current trade barriers

See resolved trade barriers

Check duties and customs

Find information on how to export goods from the UK. View the duties, rules, restrictions, and the documents you need for your products.

See current duties and customs procedures

Next steps

DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.