Flag Saint Lucia

Product Exports (2018): $55.1M, Rank 195 of 222

Exports Per Capita (2018): $303, Rank 208 of 219

Product Imports (2018): $1.91B, Rank 157 of 221

Imports Per Capita (2018): $10.5k, Rank 159 of 219

Service Exports (2018): $1.07B, Rank 66 of 88

Service Imports (2018): $398M, Rank 80 of 88

GDP (2018): $1.92B, CURRENT US$
Rank 172 of 196

GDP growth (2008 - 2018): 49.4%, CURRENT US$
Rank 81 of 196

GDP PC (2018): $10,566, CURRENT US$
Rank 72 of 196

GDP PC GROWTH (2008 - 2018): 39.6%, CURRENT US$
Rank 62 of 196

Overview: In 2018 Saint Lucia was the number 172 economy in the world in terms of GDP (current US$), the number 195 in total exports, and the number 157 in total imports. In 2018, Saint Lucia exported $55.1M and imported $1.91B, resulting in a negative trade balance of -$1.86B. In 2018, Saint Lucia's exports per capita were $303 and its imports per capita were $10.5k.

Trade: The top exports of Saint Lucia are Crude Petroleum ($18.1M), Bananas ($8.02M), Beer ($4.28M), Refined Petroleum ($4.08M), and Broadcasting Accessories ($3.65M). The top imports of Saint Lucia are Crude Petroleum ($1.23B), Refined Petroleum ($402M), Cars ($17.3M), Poultry Meat ($11.7M), and Packaged Medicaments ($6.07M).

Destinations: Saint Lucia exports mostly to Peru ($18.1M), United Kingdom ($6.93M), United States ($6.68M), Guyana ($5.75M), and France ($4.44M), and imports mostly from Colombia ($799M), United States ($501M), Brazil ($411M), Bolivia ($35.2M), and United Kingdom ($25.1M).

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

Product Exports

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Value
Depth

Top Export (2018): Crude Petroleum, $18.1M

Top Destination (2018): Peru, $18.1M

In 2018 Saint Lucia exported a total of $55.1M, making it the number 195 exporter in the world. During the last five reported years the exports of Saint Lucia have changed by -$93.3M from $148M in 2013 to $55.1M in 2018.

The most recent exports are led by Crude Petroleum ($18.1M), Bananas ($8.02M), Beer ($4.28M), Refined Petroleum ($4.08M), and Broadcasting Accessories ($3.65M). The most common destination for the exports of Saint Lucia are Peru ($18.1M), United Kingdom ($6.93M), United States ($6.68M), Guyana ($5.75M), and France ($4.44M).

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Product Imports

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Value
Depth

Top Import (2018): Crude Petroleum, $1.23B

Top Origin (2018): Colombia, $799M

In 2018 Saint Lucia imported $1.91B, making it the number 157 trade destination in the world. During the last five reported years the imports of Saint Lucia changed by $1.08B from $827M in 2013 to $1.91B in 2018.

The most recent imports of Saint Lucia are led by Crude Petroleum ($1.23B), Refined Petroleum ($402M), Cars ($17.3M), Poultry Meat ($11.7M), and Packaged Medicaments ($6.07M). The most common import partners for Saint Lucia are Colombia ($799M), United States ($501M), Brazil ($411M), Bolivia ($35.2M), and United Kingdom ($25.1M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

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).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Saint Lucia. 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 Lucia has a high level of specialization in Other Paints (474), Gravel and Crushed Stone (243), Bananas (191), Granite (89.9), and Beer (89.2). 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

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The highest complexity exports of Saint Lucia according to the product complexity index (PCI) are Signalling glassware, unworked optical elements (1.24), Printing and ancillary machinery (1.13), Glues and adhesives nes, pack <1kg (1.09), Hydrometers, thermometers, barometers, etc (0.94), and Parts for radio, tv transmission, receive equipment (0.92). 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 Lucia according to the relatedness index, are Gold (0.092), Other Oily Seeds (0.088), Non-fillet Fresh Fish (0.086), Crustaceans (0.085), and Coconut Oil (0.084). 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.

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.