Saint Pierre and Miquelon
2019 Product Exports | Imports: $7.81M | $47.4M, 219 of 225 | 215 of 225
Overview: In 2019 Saint Pierre and Miquelon was the number 219 in total exports, the number 215 in total imports and the number null most complex economy according to the Economic Complexity Index (ECI).
Exports: The top exports of Saint Pierre and Miquelon are Processed Crustaceans ($5.95M), Fish Fillets ($416k), Non-fillet Frozen Fish ($314k), Medical Instruments ($243k), and Electrical Parts ($137k), exporting mostly to Canada ($6.17M), France ($640k), Belgium ($432k), Ireland ($158k), and Netherlands ($153k).
Imports: The top imports of Saint Pierre and Miquelon are Other Edible Preparations ($3.34M), Packaged Medicaments ($2.48M), Low-voltage Protection Equipment ($1.33M), Cars ($1.29M), and Computers ($1.19M), importing mostly from France ($32.7M), Canada ($10.4M), Netherlands ($1.33M), Belgium ($1.05M), and Italy ($716k).
Location: Saint Pierre and Miquelon borders United States by land and Canada by sea.
Historical Data
#permalink to sectionYearly Exports
#permalink to sectionTop Export (2019): Processed Crustaceans, $5.95M
Top Destination (2019): Canada, $6.17M
In 2019, Saint Pierre and Miquelon exported a total of $7.81M, making it the number 219 exporter in the world. During the last five reported years the exports of Saint Pierre and Miquelon have changed by $4.23M from $3.59M in 2014 to $7.81M in 2019.
The most recent exports are led by Processed Crustaceans ($5.95M), Fish Fillets ($416k), Non-fillet Frozen Fish ($314k), Medical Instruments ($243k), and Electrical Parts ($137k). The most common destination for the exports of Saint Pierre and Miquelon are Canada ($6.17M), France ($640k), Belgium ($432k), Ireland ($158k), and Netherlands ($153k).
Yearly Imports
#permalink to sectionTop Import (2019): Other Edible Preparations, $3.34M
Top Origin (2019): France, $32.7M
In 2019 Saint Pierre and Miquelon imported $47.4M, making it the number 215 trade destination in the world. During the last five reported years the imports of Saint Pierre and Miquelon changed by -$27.4M from $74.8M in 2014 to $47.4M in 2019.
The most recent imports of Saint Pierre and Miquelon are led by Other Edible Preparations ($3.34M), Packaged Medicaments ($2.48M), Low-voltage Protection Equipment ($1.33M), Cars ($1.29M), and Computers ($1.19M). The most common import partners for Saint Pierre and Miquelon are France ($32.7M), Canada ($10.4M), Netherlands ($1.33M), Belgium ($1.05M), and Italy ($716k).
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 (801), Electrical Parts (62.7), Soups and Broths (42.1), Fish Fillets (37.9), and Non-fillet Frozen Fish (28.4). 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 Electro and permanent magnets, equipment using magnets (1.55), Equipment to measure fluid flow, level, pressure, etc (1.51), Parts and accessories for musical instruments (1.28), Parts for internal combustion spark ignition engines (1), and Instruments etc for medical, surgical, dental, etc use (0.73). 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 Non-fillet Fresh Fish (0.05), Scrap Iron (0.047), Gold (0.045), Molluscs (0.043), and Processed Fish (0.042). 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 it is currently specialized in.
Diversification Frontier
#permalink to sectionThe Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.
