Saint Martin
2021 Product Exports | Imports: $23.7M | $529M, 210 of 226 | 189 of 226
2021 Per Capita Product Exports | Imports: $605 | $13.5k, 142 of 219 | 57 of 219
Overview In 2021 Saint Martin was the number 210 economy in the world in terms of total exports and the number 189 in total imports.
Exports The top exports of Saint Martin are Refined Petroleum ($13M), Scrap Iron ($2.92M), Recreational Boats ($899k), Hard Liquor ($553k), and Cars ($421k), exporting mostly to Jamaica ($12.7M), France ($4.18M), United States ($2.22M), Morocco ($1.85M), and Chinese Taipei ($664k).
Imports The top imports of Saint Martin are Jewellery ($66.8M), Refined Petroleum ($40.6M), Diamonds ($20.9M), Cars ($17.4M), and Recreational Boats ($17M), importing mostly from United States ($345M), Netherlands ($55.3M), France ($34.9M), Italy ($18.5M), and Switzerland ($18.4M).
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe 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.
*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 (2021): Refined Petroleum, $13M
Top Destination (2021): Jamaica, $12.7M
In 2021, Saint Martin exported a total of $23.7M, making it the number 210 exporter in the world. During the last five reported years the exports of Saint Martin have changed by -$473k from $24.2M in 2016 to $23.7M in 2021.
The most recent exports are led by Refined Petroleum ($13M), Scrap Iron ($2.92M), Recreational Boats ($899k), Hard Liquor ($553k), and Cars ($421k). The most common destination for the exports of Saint Martin are Jamaica ($12.7M), France ($4.18M), United States ($2.22M), Morocco ($1.85M), and Chinese Taipei ($664k).
Market Growth
#permalink to sectionEconomic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionSaint Martin has a high level of specialization in Cathode Tubes (86.6), Scrap Lead (52.6), Scrap Iron (45.8), Recreational Boats (32.9), and Scrap Aluminium (17.9). 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
#permalink to sectionThe highest complexity exports of Saint Martin according to the product complexity index (PCI) are Industrial or laboratory electric furnaces and ovens (including those functioning by induction... (1.53), Tools, hand; (including glaziers' diamonds) n.e.c.; blow lamps; vices, clamps etc, other... (1.48), Machines and appliances for testing the hardness, strength, compressibility, elasticity of other... (1.39), Air or vacuum pumps, air or other gas compressors and fans; ventilating... (1.37), and Reciprocating or rotary internal combustion piston engines (1.1). 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 Martin according to the relatedness index, were Other Floating Structures (0.092), Non-fillet Fresh Fish (0.091), Non-fillet Frozen Fish (0.089), Railway Cargo Containers (0.088), and Documents of title (bonds etc) and unused stamps (0.088). 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
#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.
