Saint Pierre and Miquelon
Product Exports (2018): $6.34M, Rank 215 of 222
Product Imports (2018): $42.6M, Rank 210 of 221
Exports: The top exports of Saint Pierre and Miquelon are Processed Crustaceans ($4.55M), Non-fillet Frozen Fish ($338k), Molluscs ($263k), Electrical Parts ($184k), and Crustaceans ($166k), exporting mostly to Canada ($4.94M), France ($347k), Netherlands ($256k), Belgium-Luxembourg ($227k), and Bahrain ($154k).
Imports: The top imports of Saint Pierre and Miquelon are Other Edible Preparations ($3.55M), Packaged Medicaments ($2.37M), Cars ($1.14M), Wine ($1.1M), and Bovine Meat ($997k), importing mostly from France ($31.1M), Canada ($7.63M), Netherlands ($1.3M), Germany ($759k), and Belgium-Luxembourg ($750k).
Location: Saint Pierre and Miquelon borders United States by land and Canada by sea.
Product Trade
#permalink to sectionYearly Exports
#permalink to sectionTop Export (2018): Processed Crustaceans, $4.55M
Top Destination (2018): Canada, $4.94M
In 2018, Saint Pierre and Miquelon exported a total of $6.34M, making it the number 215 exporter in the world. During the last five reported years the exports of Saint Pierre and Miquelon have changed by $1.18M from $5.15M in 2013 to $6.34M in 2018.
The most recent exports are led by Processed Crustaceans ($4.55M), Non-fillet Frozen Fish ($338k), Molluscs ($263k), Electrical Parts ($184k), and Crustaceans ($166k). The most common destination for the exports of Saint Pierre and Miquelon are Canada ($4.94M), France ($347k), Netherlands ($256k), Belgium-Luxembourg ($227k), and Bahrain ($154k).
Yearly Imports
#permalink to sectionTop Import (2018): Other Edible Preparations, $3.55M
Top Origin (2018): France, $31.1M
In 2018 Saint Pierre and Miquelon imported $42.6M, making it the number 210 trade destination in the world. During the last five reported years the imports of Saint Pierre and Miquelon changed by -$32M from $74.6M in 2013 to $42.6M in 2018.
The most recent imports of Saint Pierre and Miquelon are led by Other Edible Preparations ($3.55M), Packaged Medicaments ($2.37M), Cars ($1.14M), Wine ($1.1M), and Bovine Meat ($997k). The most common import partners for Saint Pierre and Miquelon are France ($31.1M), Canada ($7.63M), Netherlands ($1.3M), Germany ($759k), and Belgium-Luxembourg ($750k).
Market Growth
#permalink to sectionForecasts
#permalink to sectionTrade Forecasts
#permalink to sectionThis section shows forecasts for total product exports and imports for Saint Pierre and Miquelon. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
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 (703), Sheep and Goats (231), Molluscs (70.2), Electrical Parts (57.8), and Non-fillet Frozen Fish (37.4). 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 Equipment for physical and chemical analysis (1.87), Hand tools nes, anvils, clamps, vices, blow lamps etc (1.08), Machines for knitting, lace, embroidery, tufting, etc (1.06), Orthopaedic appliances (1.03), and Equipment to project, disperse or spray liquid, powder (1.01). 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 (0.043), Molasses (0.042), Animal Meal and Pellets (0.042), Gold (0.041), and Coconut Oil (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
#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.
