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2023
Product
Exports | Imports $17.2M | $984M213 of 226 |  183 of 226
2023
Per Capita Product
Exports | Imports $625 | $35.7k202 of 220 |  56 of 220

About

Overview In 2023 Saint Martin was the number 213 economy in the world in terms of total exports and the number 183 in total imports.

Exports The top exports of Saint Martin are Scrap Iron ($1.94M), Recreational Boats ($1.33M), Jewellery ($1.29M), Flavored Water ($881k), and Hard Liquor ($639k), exporting mostly to Antigua and Barbuda ($4.8M), United States ($2.74M), France ($2.07M), Netherlands ($1.31M), and Morocco ($1.13M).

Imports The top imports of Saint Martin are Jewellery ($185M), Refined Petroleum ($121M), Recreational Boats ($105M), Pearl Products ($70.6M), and Diamonds ($38.8M), importing mostly from United States ($808M), Netherlands ($66.3M), France ($35M), Brazil ($13.7M), and Switzerland ($9.89M).

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Saint Martin.

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)Scrap Iron$1.94M
Top Destination (2023)Antigua and Barbuda$4.8M

In 2023, Saint Martin exported a total of $17.2M, making it the number 213 exporter in the world. During the last five reported years the exports of Saint Martin have changed by $1.56M from $15.6M in 2018 to $17.2M in 2023.

The most recent exports are led by Scrap Iron ($1.94M), Recreational Boats ($1.33M), Jewellery ($1.29M), Flavored Water ($881k), and Hard Liquor ($639k). The most common destination for the exports of Saint Martin are Antigua and Barbuda ($4.8M), United States ($2.74M), France ($2.07M), Netherlands ($1.31M), and Morocco ($1.13M).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
Portugal$748k (+ 18.6k%)
Netherlands$588k (+ 81.7%)
Belize$442k (+ 5.14k%)
Fastest Growing Import Markets (2022 - 2023)
United States$149M (+ 22.6%)
Netherlands$8.21M (+ 14.1%)
Austria$2.5M (+ 269%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Economic Complexity

Most Specialized Products by RCA Index

Saint Martin has a high level of specialization in Recreational Boats (107), Salt (83.5), Gum Coated Textile Fabric (74.4), Coconuts, Brazil Nuts, and Cashews (60.7), and Scrap Iron (54.9). Specialization is measured using RCA, an index that takes the ratio between Saint Martin observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Saint Martin according to the product complexity index (PCI) are Machines; calendering or other rolling machines, for other than metal or glass... (1.89), Machinery and mechanical appliances; having individual functions, n.e.c. in this chapter (1.81), Instruments and apparatus; for physical or chemical analysis (e.g. polarimeters, spectrometers), for... (1.65), Chain and parts thereof, of iron or steel (1.64), and Stainless steel wire (1.61). 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 Martin according to the relatedness index, were Recovered Paper (0.17), Aluminium Structures (0.17), Paper Containers (0.17), Wheat Flours (0.17), and Other Printed Material (0.17). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Saint Martin 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 Martin. These are products that tend to be co-exported with the products that Saint Martin 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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