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2023
Product
Exports | Imports $67.7M | $985M199 of 226 |  182 of 226
2023
Per Capita Product
Exports | Imports $377 | $5.49k208 of 220 |  91 of 220

About

Overview In 2023 Saint Lucia was the number 199 economy in the world in terms of total exports and the number 182 in total imports.

Exports The top exports of Saint Lucia are Refined Petroleum ($11.9M), Gravel and Crushed Stone ($8.04M), Beer ($7.74M), Hard Liquor ($2.96M), and Paper Containers ($2.75M), exporting mostly to Guyana ($13.2M), Suriname ($10.3M), United States ($7.53M), Barbados ($5.55M), and Dominica ($4.87M).

Imports The top imports of Saint Lucia are Refined Petroleum ($402M), Crude Petroleum ($143M), Cars ($29.4M), Poultry Meat ($17.4M), and Delivery Trucks ($9.88M), importing mostly from United States ($582M), Guyana ($80.1M), Brazil ($70.6M), China ($44.7M), and United Kingdom ($30.1M).

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

Latest Trends

Latest Trade

Flow
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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.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The 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.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Refined Petroleum$11.9M
Top Destination (2023)Guyana$13.2M

In 2023, Saint Lucia exported a total of $67.7M, making it the number 199 exporter in the world. During the last five reported years the exports of Saint Lucia have changed by -$108M from $176M in 2018 to $67.7M in 2023.

The most recent exports are led by Refined Petroleum ($11.9M), Gravel and Crushed Stone ($8.04M), Beer ($7.74M), Hard Liquor ($2.96M), and Paper Containers ($2.75M). The most common destination for the exports of Saint Lucia are Guyana ($13.2M), Suriname ($10.3M), United States ($7.53M), Barbados ($5.55M), and Dominica ($4.87M).

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Exports (2023)
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Destinations (2023)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2022 - 2023)
Suriname$6.34M (+ 158%)
Guyana$3.31M (+ 33.5%)
Jamaica$2.82M (+ 207%)
Fastest Growing Import Markets (2022 - 2023)
Guyana$68.3M (+ 579%)
Brazil$67.9M (+ 2.46k%)
China$8.69M (+ 24.2%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

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).

Service Exports (2018)

Service Imports (2018)

Economic Complexity

Most Specialized Products by RCA Index

Saint Lucia has a high level of specialization in Gravel and Crushed Stone (740), Bitumen and asphalt (710), Other Paints (331), Beer (144), and Plant foliage (138). 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

The top export opportunities for Saint Lucia according to the relatedness index, were Non-fillet Fresh Fish (0.13), Tropical Fruits (0.13), Gold (0.13), Fruit Juice (0.13), and Non-fillet Frozen Fish (0.13). 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

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

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.

Relatedness Space (2023)

Diversification Frontier

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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.

Diversification Frontier

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