Key Market Indicators
Aruba's import of electrical equipment is projected to decline to approximately $59.7 million by 2028, down from about $69.7 million in 2023. This reflects an annual decrease of 2.5%, according to recent forecasts. Historically, the demand for electrical equipment in Aruba has been on a downward trend, with a yearly decline of 3.5% since 2010. In contrast, Aruba's export of electrical equipment is expected to decrease to around $1.3 million by 2028, from $1.4 million in 2023. This marks an average annual drop of 1.5%. Despite the projected decline in exports, Aruba has seen a positive trend in supply, with an annual growth rate of 2% since 2010.
