Flag Saint Kitts and Nevis

Overview In 2020 Saint Kitts and Nevis was the number 198 economy in the world in terms of total exports and the number 197 in total imports.

Exports The top exports of Saint Kitts and Nevis are Low-voltage Protection Equipment ($15.9M), Broadcasting Equipment ($11.9M), Other Measuring Instruments ($8.92M), Electrical Transformers ($3.41M), and Electric Motor Parts ($2.45M), exporting mostly to United States ($39.8M), Germany ($3.88M), Canada ($1.82M), Turkey ($1.71M), and Denmark ($1.22M).

Imports The top imports of Saint Kitts and Nevis are Passenger and Cargo Ships ($46.7M), Refined Petroleum ($9.92M), Cars ($8.71M), Recreational Boats ($6.28M), and Jewellery ($6.1M), importing mostly from United States ($120M), South Korea ($33.2M), China ($11.9M), United Kingdom ($9.44M), and Ukraine ($7.51M).

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

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The following section uses the most recent trade data from partners of Saint Kitts and Nevis.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Top Export (2020): Low-voltage Protection Equipment, $15.9M

Top Destination (2020): United States, $120M

In 2020, Saint Kitts and Nevis exported a total of $53.5M, making it the number 198 exporter in the world. During the last five reported years the exports of Saint Kitts and Nevis have changed by -$35.8M from $89.3M in 2015 to $53.5M in 2020.

The most recent exports are led by Low-voltage Protection Equipment ($15.9M), Broadcasting Equipment ($11.9M), Other Measuring Instruments ($8.92M), Electrical Transformers ($3.41M), and Electric Motor Parts ($2.45M). The most common destination for the exports of Saint Kitts and Nevis are United States ($39.8M), Germany ($3.88M), Canada ($1.82M), Turkey ($1.71M), and Denmark ($1.22M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

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).

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 Other Animals (237), Scrap Vessels (235), Other Measuring Instruments (61.8), Low-voltage Protection Equipment (53.6), and Electric Motor Parts (42.3). Specialization is measured using RCA, an index that takes the ratio between Saint Kitts and Nevis observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Saint Kitts and Nevis according to the relatedness index, are Cocoa Beans (0.047), Scrap Copper (0.046), Precious Metal Scraps (0.043), Integrated Circuits (0.042), and Precious Metal Watches (0.042). 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 a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Saint Kitts And Nevis. These are products that tend to be co-exported with the products that Saint Kitts And Nevis exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.