Saint Lucia
2020 Product Exports | Imports: $37M | $1.05B, 201 of 226 | 174 of 226
2020 Per Capita Product Exports | Imports: $202 | $5.71k, 142 of 219 | 71 of 219
2018 Service Exports | Imports : $1.07B | $398M, 107 of 138 | 128 of 138
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.
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe 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.
Latest Data
#permalink to sectionThe data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionYearly Trade
#permalink to sectionTop 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).
Market Growth
#permalink to sectionFastest Growing Export Markets (2019 - 2020)
- Bermuda, $1.71M (+ 8.77k%)
- South Korea, $119k (+ 300%)
- Chinese Taipei, $43.5k (+ 24.4%)
Service Trade
#permalink to sectionService Trade
#permalink to sectionSaint 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 sectionMost Specialized Products by RCA Index
#permalink to sectionSaint 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.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Saint Lucia according to the product complexity index (PCI) are Chemical Analysis Instruments (1.75), Vacuum Cleaners (1.37), Motor-working Tools (1.37), Iron Pipe Fittings (1.1), and Other Office Machines (1.06). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe 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.
Product Space
#permalink to sectionThe 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.
Diversification Frontier
#permalink to sectionThe 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.
