Overview In 2019 Saint Lucia was the number 165 economy in the world in terms of GDP (current US$), the number 188 in total exports, the number 161 in total imports, the number 64 economy in terms of GDP per capita (current US$) and the number null most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Saint Lucia are Crude Petroleum ($22.4M), Beer ($11.8M), Jewellery ($8.28M), Bananas ($6.95M), and Refined Petroleum ($6.73M), exporting mostly to United States ($36.4M), Uruguay ($19.8M), Barbados ($10.3M), Trinidad and Tobago ($8.07M), and United Kingdom ($8.01M).

Imports The top imports of Saint Lucia are Crude Petroleum ($953M), Refined Petroleum ($416M), Cars ($19.2M), Poultry Meat ($13.8M), and Petroleum Gas ($9.38M), importing mostly from Colombia ($872M), United States ($564M), Trinidad and Tobago ($95.2M), Brazil ($58.1M), and China ($33.1M).

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

Historical Data

#permalink to section

Yearly Exports

#permalink to section
Value
Compare to
Depth

Top Export (2019): Crude Petroleum, $22.4M

Top Destination (2019): United States, $36.4M

In 2019, Saint Lucia exported a total of $127M, making it the number 188 exporter in the world. During the last five reported years the exports of Saint Lucia have changed by -$130M from $257M in 2014 to $127M in 2019.

The most recent exports are led by Crude Petroleum ($22.4M), Beer ($11.8M), Jewellery ($8.28M), Bananas ($6.95M), and Refined Petroleum ($6.73M). The most common destination for the exports of Saint Lucia are United States ($36.4M), Uruguay ($19.8M), Barbados ($10.3M), Trinidad and Tobago ($8.07M), and United Kingdom ($8.01M).

Explore Visualizations

Yearly Imports

#permalink to section
Value
Compare to
Depth

Top Import (2019): Crude Petroleum, $953M

Top Origin (2019): Colombia, $872M

In 2019 Saint Lucia imported $1.88B, making it the number 161 trade destination in the world. During the last five reported years the imports of Saint Lucia changed by -$327M from $2.21B in 2014 to $1.88B in 2019.

The most recent imports of Saint Lucia are led by Crude Petroleum ($953M), Refined Petroleum ($416M), Cars ($19.2M), Poultry Meat ($13.8M), and Petroleum Gas ($9.38M). The most common import partners for Saint Lucia are Colombia ($872M), United States ($564M), Trinidad and Tobago ($95.2M), Brazil ($58.1M), and China ($33.1M).

Explore Visualizations

Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

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 (267), Gravel and Crushed Stone (148), Beer (102), Bananas (69.7), and Pianos (48.5). Specialization is measured using RCA, an index that takes the ratio between Saint Lucia observed and expected exports in each product.

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Saint Lucia according to the product complexity index (PCI) are Fork-lift trucks, other trucks with lifting equipment (1.67), Tools for working in the hand, non-electric motor (1.64), Electro and permanent magnets, equipment using magnets (1.55), Parts and accessories for musical instruments (1.28), and Machinery, apparatus, equipment for print preparation (1.14). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities for Saint Lucia according to the relatedness index, are Crustaceans (0.17), Non-fillet Frozen Fish (0.17), Collector's Items (0.17), Gold (0.17), and Non-fillet Fresh Fish (0.17). 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 it is currently specialized 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 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.