Flag Saint Vincent and the Grenadines

Product Exports (2018): $178M, Rank 176 of 222

Exports Per Capita (2018): $1.61k, Rank 173 of 219

Product Imports (2018): $393M, Rank 186 of 221

Imports Per Capita (2018): $3.56k, Rank 178 of 219

Service Exports (2013): $138M, Rank 165 of 183

Service Imports (2013): $82.9M, Rank 173 of 181

GDP (2018): $811M, CURRENT US$
Rank 186 of 196

GDP growth (2008 - 2018): 16.7%, CURRENT US$
Rank 134 of 196

GDP PC (2018): $7,361, CURRENT US$
Rank 90 of 196

GDP PC GROWTH (2008 - 2018): 14.7%, CURRENT US$
Rank 115 of 196

Overview: This page contains the latest international trade data for Saint Vincent and the Grenadines, including service trade data. In 2018 Saint Vincent and the Grenadines was the number 186 economy in the world in terms of GDP (current US$), the number 176 in total exports, and the number 186 in total imports. In 2018, Saint Vincent and the Grenadines exported $178M and imported $393M, resulting in a negative trade balance of -$215M. In 2018, Saint Vincent and the Grenadines's exports per capita were $1.61k and its imports per capita were $3.56k.

Trade: The top exports of Saint Vincent and the Grenadines are Petroleum Gas ($78.8M), Collector's Items ($27.1M), Wheat Flours ($8.68M), Passenger and Cargo Ships ($6.5M), and Coated Flat-Rolled Iron ($6.49M). The top imports of Saint Vincent and the Grenadines are Refined Petroleum ($47.1M), Tug Boats ($25.2M), Recreational Boats ($15.9M), Poultry Meat ($10.9M), and Coated Flat-Rolled Iron ($8.15M).

Destinations: Saint Vincent and the Grenadines exports mostly to Jordan ($78.8M), Switzerland ($27.1M), Dominica ($7.79M), United States ($7.07M), and Barbados ($6.7M), and imports mostly from United States ($115M), Trinidad and Tobago ($61.1M), China ($46.9M), United Kingdom ($24.7M), and Italy ($23.1M).

Location: Saint Vincent and the Grenadines borders Barbados, Grenada, Saint Lucia, Trinidad and Tobago, and Venezuela by sea.

Yearly Exports

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Top Export (2018): Petroleum Gas, $78.8M

Top Destination (2018): Jordan, $78.8M

In 2018 Saint Vincent and the Grenadines exported a total of $178M, making it the number 176 exporter in the world. During the last five reported years the exports of Saint Vincent and the Grenadines have changed by $127M from $50.5M in 2013 to $178M in 2018.

The most recent exports are led by Petroleum Gas ($78.8M), Collector's Items ($27.1M), Wheat Flours ($8.68M), Passenger and Cargo Ships ($6.5M), and Coated Flat-Rolled Iron ($6.49M). The most common destination for the exports of Saint Vincent and the Grenadines are Jordan ($78.8M), Switzerland ($27.1M), Dominica ($7.79M), United States ($7.07M), and Barbados ($6.7M).

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Yearly Imports

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Top Import (2018): Refined Petroleum, $47.1M

Top Origin (2018): United States, $115M

In 2018 Saint Vincent and the Grenadines imported $393M, making it the number 186 trade destination in the world. During the last five reported years the imports of Saint Vincent and the Grenadines changed by $67.7M from $325M in 2013 to $393M in 2018.

The most recent imports of Saint Vincent and the Grenadines are led by Refined Petroleum ($47.1M), Tug Boats ($25.2M), Recreational Boats ($15.9M), Poultry Meat ($10.9M), and Coated Flat-Rolled Iron ($8.15M). The most common import partners for Saint Vincent and the Grenadines are United States ($115M), Trinidad and Tobago ($61.1M), China ($46.9M), United Kingdom ($24.7M), and Italy ($23.1M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Saint Vincent and the Grenadines Exports Services (2013): $138M

Saint Vincent and the Grenadines Imports Services (2013): $82.9M

In 2013, Saint Vincent and the Grenadines exported $138M worth of services. The top services exported by Saint Vincent and the Grenadines in 2013 were Travel ($92.3M), Other business services ($25.4M), Communications services ($9.93M), Air transport ($5.31M), and Sea transport ($2.66M).

The top services imported by Saint Vincent and the Grenadines in 2013 were Sea transport ($37.8M), Travel ($14.2M), Air transport ($10.7M), Other business services ($7.78M), and Government services, n.i.e. ($5.63M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Saint Vincent and the Grenadines. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Most Specialized Products by RCA Index

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Saint Vincent and the Grenadines has a high level of specialization in Collector's Items (2.29k), Wheat Flours (185), Cassava (140), Tug Boats (124), and Scrap Vessels (59). Specialization is measured using RCA, an index that takes the ratio between Saint Vincent and the Grenadines observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Saint Vincent and the Grenadines according to the product complexity index (PCI) are Self-adhesive plates, sheets, film etc of plastic (1.55), Equipment for soldering, brazing or welding (1.2), Articles for funfairs, table and parlour games (0.95), Electrical signalling and traffic control equipment (0.88), and Medical, dental, surgical, veterinary furniture, parts (0.77). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Saint Vincent and the Grenadines according to the relatedness index, are Cocoa Beans (0.079), Coconut Oil (0.071), Gold (0.07), Other Oily Seeds (0.068), and Fish Fillets (0.067). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Saint Vincent and the Grenadines is not specialized in.

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 it is currently specialized in.

Diversification Frontier

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The 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.