Overview In 2020 Saint Lucia was the number 201 economy in the world in terms of total exports and the number 174 in total imports.

Exports The top exports of Saint Lucia are Refined Petroleum ($6.29M), Beer ($4.13M), Bananas ($2.92M), Broadcasting Accessories ($2.85M), and Hard Liquor ($1.54M), exporting mostly to Barbados ($9.7M), United States ($7.33M), Guyana ($4.48M), United Kingdom ($4.17M), and France ($2.19M).

Imports The top imports of Saint Lucia are Crude Petroleum ($438M), Refined Petroleum ($341M), Poultry Meat ($12.1M), Cars ($10.3M), and Packaged Medicaments ($5.52M), importing mostly from United States ($561M), Colombia ($266M), Brazil ($39.2M), United Kingdom ($26M), and China ($23.2M).

Location Saint Lucia borders Barbados, France, Saint Vincent and the Grenadines, and Venezuela by sea.

Flow
View
Y-AXIS SCALE

The following section uses the most recent trade data from partners of Saint Lucia.

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.

Flow
Value
Depth

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

#permalink to section
Value
Depth

Top Export (2020): Refined Petroleum, $6.29M

Top Destination (2020): Barbados, $561M

In 2020, Saint Lucia exported a total of $37M, making it the number 201 exporter in the world. During the last five reported years the exports of Saint Lucia have changed by -$236M from $273M in 2015 to $37M in 2020.

The most recent exports are led by Refined Petroleum ($6.29M), Beer ($4.13M), Bananas ($2.92M), Broadcasting Accessories ($2.85M), and Hard Liquor ($1.54M). The most common destination for the exports of Saint Lucia are Barbados ($9.7M), United States ($7.33M), Guyana ($4.48M), United Kingdom ($4.17M), and France ($2.19M).

Explore Visualizations

Flow
View

Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Saint Lucia Exports Services (2018): $1.07B

Saint Lucia Imports Services (2018): $398M

In 2018, Saint Lucia exported $1.07B worth of services. The top services exported by Saint Lucia in 2018 were Travel ($989M), Government services, n.i.e. ($28.9M), Other business services ($24.2M), Transportation ($13.6M), and Computer and information services ($12M).

The top services imported by Saint Lucia in 2018 were Other business services ($192M), Transportation ($100M), Travel ($56.3M), Insurance services ($22.7M), and Royalties and license fees ($9.22M).

Economic Complexity

#permalink to section

Most Specialized Products by RCA Index

#permalink to section

Saint Lucia has a high level of specialization in Other Paints (881), Gravel and Crushed Stone (191), Plant foliage (142), Beer (120), and Granite (108). Specialization is measured using RCA, an index that takes the ratio between Saint Lucia observed and expected exports in each product.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities for Saint Lucia according to the relatedness index, are Soap (0.12), Non-fillet Frozen Fish (0.12), Gold (0.12), Collector's Items (0.12), and Fish Fillets (0.11). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Saint Lucia 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

#permalink to section

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

Diversification Frontier

#permalink to section
Filter
Depth

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.