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2022
Product
Exports | Imports $53.5M | $1.14B201 of 226 |  180 of 226
2022
Per Capita Product
Exports | Imports $298 | $6.35k207 of 220 |  76 of 220

About

Overview In 2022 Saint Lucia was the number 201 economy in the world in terms of total exports and the number 180 in total imports.

Exports The top exports of Saint Lucia are Beer ($11.3M), Gravel and Crushed Stone ($5.71M), Paper Containers ($3.37M), Refined Petroleum ($2.82M), and Hard Liquor ($2.8M), exporting mostly to United States ($9.2M), Guyana ($8.7M), Trinidad and Tobago ($7.58M), Barbados ($4.73M), and Suriname ($3.66M).

Imports The top imports of Saint Lucia are Refined Petroleum ($699M), Cars ($20.4M), Poultry Meat ($18.2M), Flavored Water ($11.1M), and Sawn Wood ($8.51M), importing mostly from United States ($868M), Trinidad and Tobago ($49.1M), China ($36M), United Kingdom ($22.8M), and Barbados ($20.8M).

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 (2022)Beer$11.3M
Top Destination (2022)United States$9.2M

In 2022, Saint Lucia exported a total of $53.5M, making it the number 201 exporter in the world. During the last five reported years the exports of Saint Lucia have changed by -$117M from $171M in 2017 to $53.5M in 2022.

The most recent exports are led by Beer ($11.3M), Gravel and Crushed Stone ($5.71M), Paper Containers ($3.37M), Refined Petroleum ($2.82M), and Hard Liquor ($2.8M). The most common destination for the exports of Saint Lucia are United States ($9.2M), Guyana ($8.7M), Trinidad and Tobago ($7.58M), Barbados ($4.73M), and Suriname ($3.66M).

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Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2021 - 2022)
Ireland$1.61M (+ 24.2k%)
Trinidad and Tobago$1.35M (+ 21.6%)
Guyana$1.19M (+ 15.9%)
Fastest Growing Import Markets (2021 - 2022)
United States$390M (+ 81.5%)
China$11.1M (+ 44.8%)
Guyana$4.46M (+ 60.8%)

Total Export Growth by Market (2021 - 2022)

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 (742), Other Paints (341), Beer (293), Plant foliage (211), and Corrugated Paper (124). 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

The highest complexity exports of Saint Lucia according to the product complexity index (PCI) are Reagents; diagnostic or laboratory reagents on a backing and prepared diagnostic or... (1.45), Stainless steel bars and rods, angles, shapes and sections (1.43), Bulldozers, graders, levellers, scrapers, angledozers, mechanical shovels, excavators, shovel loaders, tamping machines... (1.18), Vacuum cleaners (1.17), and Tube or pipe fittings (e.g. couplings, elbows, sleeves), of iron or steel (1.14). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Saint Lucia according to the relatedness index, were Coffee (0.15), Gold (0.14), Soap (0.14), Fish Fillets (0.14), and Essential Oils (0.14). 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 (2022)

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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