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2023
Product
Exports | Imports $3.46M | $59.8M222 of 226 |  217 of 226

About

Overview In 2023 Saint Pierre and Miquelon was the number 222 economy in the world in terms of total exports and the number 217 in total imports.

Exports The top exports of Saint Pierre and Miquelon are Processed Crustaceans ($1.56M), Molluscs ($995k), Ethylene Polymers ($142k), Glass Bottles ($115k), and Crustaceans ($75.7k), exporting mostly to Canada ($2.7M), Ireland ($177k), France ($165k), Djibouti ($155k), and United Kingdom ($57.7k).

Imports The top imports of Saint Pierre and Miquelon are Refined Petroleum ($11.1M), Packaged Medicaments ($3.22M), Cars ($2.28M), Other Edible Preparations ($1.31M), and Vaccines, blood, antisera, toxins and cultures ($1.24M), importing mostly from France ($34.3M), Canada ($21.9M), Netherlands ($1.53M), Belgium ($936k), and Spain ($242k).

Location Saint Pierre and Miquelon borders United States by land and Canada by sea.

Latest Trends

Latest Trade

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Y-AXIS SCALE

The 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.

* 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)Processed Crustaceans$1.56M
Top Destination (2023)Canada$2.7M

In 2023, Saint Pierre and Miquelon exported a total of $3.46M, making it the number 222 exporter in the world. During the last five reported years the exports of Saint Pierre and Miquelon have changed by -$2.98M from $6.44M in 2018 to $3.46M in 2023.

The most recent exports are led by Processed Crustaceans ($1.56M), Molluscs ($995k), Ethylene Polymers ($142k), Glass Bottles ($115k), and Crustaceans ($75.7k). The most common destination for the exports of Saint Pierre and Miquelon are Canada ($2.7M), Ireland ($177k), France ($165k), Djibouti ($155k), and United Kingdom ($57.7k).

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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)
United Kingdom$53.9k (+ 1.43k%)
United States$38.4k (+ 239%)
Netherlands$36.4k (+ 853%)
Fastest Growing Import Markets (2022 - 2023)
Netherlands$284k (+ 22.8%)
Belgium$231k (+ 32.8%)
Slovenia$26.1k (+ 275%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Economic Complexity

Most Specialized Products by RCA Index

Saint Pierre and Miquelon has a high level of specialization in Processed Crustaceans (615), Molluscs (545), Hand Tools (78.9), Large Iron Containers (65.5), and Glass Bottles (48.6). 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

The highest complexity exports of Saint Pierre and Miquelon according to the product complexity index (PCI) are X-ray, alpha, beta, gamma radiation apparatus; x-ray tubes, x-ray generators, high tension... (1.62), Other organo-inorganic compounds (1.41), Pulley tackle and hoists other than skip hoists; winches and capstans; jacks (1.01), Spectacles, goggles and the like; corrective, protective or other (0.9), and Tools, hand; files, rasps, pliers (including cutting pliers), pincers, tweezers, metal cutting... (0.8). 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 Pierre and Miquelon according to the relatedness index, were Non-fillet Fresh Fish (0.046), Scrap Iron (0.044), Non-fillet Frozen Fish (0.044), Scrap Copper (0.042), and Fish Fillets (0.041). 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

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 Pierre And Miquelon. These are products that tend to be co-exported with the products that Saint Pierre And Miquelon 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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