Flag Saint Kitts and Nevis

Product Exports (2018): $72.6M, Rank 191 of 222

Exports Per Capita (2018): $1.39k, Rank 177 of 219

Product Imports (2018): $246M, Rank 194 of 221

Imports Per Capita (2018): $4.7k, Rank 173 of 219

Service Exports (2013): $235M, Rank 154 of 183

Service Imports (2013): $119M, Rank 169 of 181

GDP (2018): $1.01B, CURRENT US$
Rank 183 of 196

GDP growth (2008 - 2018): 27.4%, CURRENT US$
Rank 120 of 196

GDP PC (2018): $19,275, CURRENT US$
Rank 49 of 196

GDP PC GROWTH (2008 - 2018): 17.1%, CURRENT US$
Rank 109 of 196

Overview: This page contains the latest international trade data for Saint Kitts and Nevis, including service trade data. In 2018 Saint Kitts and Nevis was the number 183 economy in the world in terms of GDP (current US$), the number 191 in total exports, and the number 194 in total imports. In 2018, Saint Kitts and Nevis exported $72.6M and imported $246M, resulting in a negative trade balance of -$174M. In 2018, Saint Kitts and Nevis's exports per capita were $1.39k and its imports per capita were $4.7k.

Trade: The top exports of Saint Kitts and Nevis are Broadcasting Equipment ($13.3M), Recreational Boats ($11.8M), Other Measuring Instruments ($8.73M), Passenger and Cargo Ships ($5.5M), and Electrical Resistors ($4.97M). The top imports of Saint Kitts and Nevis are Passenger and Cargo Ships ($40M), Refined Petroleum ($25.8M), Cars ($10M), Poultry Meat ($5.5M), and Base Metal Watches ($4.35M).

Destinations: Saint Kitts and Nevis exports mostly to United States ($35.5M), Malta ($11.8M), Germany ($6.66M), Poland ($4.07M), and Turkey ($2.96M), and imports mostly from United States ($124M), South Korea ($27.2M), China ($11.4M), Germany ($8.19M), and Barbados ($7.8M).

Location: Saint Kitts and Nevis borders Antigua and Barbuda, Netherlands, Venezuela, and Montserrat by sea.

Yearly Exports

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Top Export (2018): Broadcasting Equipment, $13.3M

Top Destination (2018): United States, $35.5M

In 2018 Saint Kitts and Nevis exported a total of $72.6M, making it the number 191 exporter in the world. During the last five reported years the exports of Saint Kitts and Nevis have changed by -$20.7M from $93.4M in 2013 to $72.6M in 2018.

The most recent exports are led by Broadcasting Equipment ($13.3M), Recreational Boats ($11.8M), Other Measuring Instruments ($8.73M), Passenger and Cargo Ships ($5.5M), and Electrical Resistors ($4.97M). The most common destination for the exports of Saint Kitts and Nevis are United States ($35.5M), Malta ($11.8M), Germany ($6.66M), Poland ($4.07M), and Turkey ($2.96M).

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Yearly Imports

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Top Import (2018): Passenger and Cargo Ships, $40M

Top Origin (2018): United States, $124M

In 2018 Saint Kitts and Nevis imported $246M, making it the number 194 trade destination in the world. During the last five reported years the imports of Saint Kitts and Nevis changed by -$118M from $365M in 2013 to $246M in 2018.

The most recent imports of Saint Kitts and Nevis are led by Passenger and Cargo Ships ($40M), Refined Petroleum ($25.8M), Cars ($10M), Poultry Meat ($5.5M), and Base Metal Watches ($4.35M). The most common import partners for Saint Kitts and Nevis are United States ($124M), South Korea ($27.2M), China ($11.4M), Germany ($8.19M), and Barbados ($7.8M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Saint Kitts and Nevis Exports Services (2013): $235M

Saint Kitts and Nevis Imports Services (2013): $119M

In 2013, Saint Kitts and Nevis exported $235M worth of services. The top services exported by Saint Kitts and Nevis in 2013 were Travel ($101M), Government services, n.i.e. ($91.6M), Other business services ($19M), Sea transport ($10.3M), and Air transport ($6.35M).

The top services imported by Saint Kitts and Nevis in 2013 were Other business services ($36.8M), Sea transport ($28.6M), Air transport ($18.8M), Travel ($15.5M), and Government services, n.i.e. ($6.69M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Saint Kitts and Nevis. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Most Specialized Products by RCA Index

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Saint Kitts and Nevis has a high level of specialization in Scrap Vessels (263), Recreational Boats (186), Other Animals (157), Electrical Resistors (119), and Electric Motor Parts (56.7). Specialization is measured using RCA, an index that takes the ratio between Saint Kitts and Nevis observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Saint Kitts and Nevis according to the product complexity index (PCI) are Measuring or checking instruments nes (1.65), Parts for radio, tv transmission, receive equipment (0.92), Parts for electric motors and generators (0.87), Electrical resistors and rheostats except for heating (0.77), and Electric transformers,static converters and rectifiers (0.77). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Saint Kitts and Nevis according to the relatedness index, are Scrap Copper (0.06), Non-fillet Fresh Fish (0.059), Collector's Items (0.058), Cocoa Beans (0.056), and Gold (0.054). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Saint Kitts and Nevis is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.