Saint Pierre and Miquelon
2020 Product Exports | Imports: $6.44M | $73.1M, 220 of 226 | 213 of 226
Overview In 2020 Saint Pierre and Miquelon was the number 220 economy in the world in terms of total exports and the number 213 in total imports.
Exports The top exports of Saint Pierre and Miquelon are Processed Crustaceans ($4.27M), Non-fillet Fresh Fish ($288k), Carboxyamide Compounds ($249k), Processed Fish ($243k), and Medical Instruments ($155k), exporting mostly to Canada ($4.68M), France ($623k), Ireland ($460k), Italy ($249k), and Portugal ($164k).
Imports The top imports of Saint Pierre and Miquelon are Planes, Helicopters, and/or Spacecraft ($19.1M), Other Edible Preparations ($3.24M), Packaged Medicaments ($2.79M), Cars ($1.83M), and Refined Petroleum ($1.49M), importing mostly from France ($55.7M), Canada ($13.1M), Netherlands ($1.4M), Belgium ($932k), and Denmark ($377k).
Location Saint Pierre and Miquelon borders United States by land and Canada by sea.
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe following section uses the most recent trade data from partners of Saint Pierre and Miquelon.
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 sectionData is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Historical Data
#permalink to sectionYearly Exports
#permalink to sectionTop Export (2020): Processed Crustaceans, $4.27M
Top Destination (2020): Canada, $4.68M
In 2020, Saint Pierre and Miquelon exported a total of $6.44M, making it the number 220 exporter in the world. During the last five reported years the exports of Saint Pierre and Miquelon have changed by $3.28M from $3.17M in 2015 to $6.44M in 2020.
The most recent exports are led by Processed Crustaceans ($4.27M), Non-fillet Fresh Fish ($288k), Carboxyamide Compounds ($249k), Processed Fish ($243k), and Medical Instruments ($155k). The most common destination for the exports of Saint Pierre and Miquelon are Canada ($4.68M), France ($623k), Ireland ($460k), Italy ($249k), and Portugal ($164k).
Yearly Imports
#permalink to sectionTop Import (2020): Planes, Helicopters, and/or Spacecraft, $19.1M
Top Origin (2020): France, $55.7M
In 2020 Saint Pierre and Miquelon imported $73.1M, making it the number 213 trade destination in the world. During the last five reported years the imports of Saint Pierre and Miquelon changed by $24.4M from $48.8M in 2015 to $73.1M in 2020.
The most recent imports of Saint Pierre and Miquelon are led by Planes, Helicopters, and/or Spacecraft ($19.1M), Other Edible Preparations ($3.24M), Packaged Medicaments ($2.79M), Cars ($1.83M), and Refined Petroleum ($1.49M). The most common import partners for Saint Pierre and Miquelon are France ($55.7M), Canada ($13.1M), Netherlands ($1.4M), Belgium ($932k), and Denmark ($377k).
Market Growth
#permalink to sectionTariffs
#permalink to sectionTariffs by Product
#permalink to sectionThe top product import tariffs by their MFN Ad Valorem value for Saint Pierre and Miquelon are Agarbatti, odorifers operated by burning (20%)and Beauty, makeup and suntan preparations nes (20%).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Saint Pierre and Miquelon are:
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionSaint Pierre and Miquelon has a high level of specialization in Processed Crustaceans (674), Pickled Foods (122), Processed Fish (97.8), Soups and Broths (91.9), and Carboxyamide Compounds (82.9). Specialization is measured using RCA, an index that takes the ratio between Saint Pierre and Miquelon observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Saint Pierre and Miquelon according to the product complexity index (PCI) are Lubricant, oils, textile, leather work, <70% petroleum (1.66), Radar, radio navigation and remote control apparatus (1.25), Orthopaedic appliances (1.09), Plastic articles nes (0.86), and Parts of aircraft, spacecraft, etc (0.8). 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 Pierre and Miquelon according to the relatedness index, are Cocoa Beans (0.05), Gold (0.048), Scrap Aluminium (0.048), Hard Liquor (0.048), and Animal Meal and Pellets (0.047). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Saint Pierre and Miquelon 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.
