Flag Saint Vincent and the Grenadines

2019
Product
Exports | Imports
: $180M | $396M, 179 of 225 |  192 of 225

2019
Per Capita Product
Exports | Imports
: $1.63k | $3.58k, 100 of 219 |  92 of 219

2013
Service
Exports | Imports
: $138M | $82.9M, 165 of 183 | 173 of 181

Exports: The top exports of Saint Vincent and the Grenadines are Petroleum Gas ($69.9M), Special Purpose Ships ($25.9M), Recreational Boats ($12.1M), Collector's Items ($11.2M), and Wheat Flours ($8.78M), exporting mostly to Jordan ($69.9M), Singapore ($25.6M), Switzerland ($11.2M), Italy ($8.99M), and United States ($8.08M).

Imports: The top imports of Saint Vincent and the Grenadines are Refined Petroleum ($34.1M), Passenger and Cargo Ships ($22.8M), Poultry Meat ($11.7M), Tug Boats ($11.7M), and Recreational Boats ($10.1M), importing mostly from United States ($117M), Trinidad and Tobago ($48.9M), China ($29.8M), United Kingdom ($23.9M), and Italy ($14.7M).

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

Yearly Exports

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Value
Depth

Top Export (2019): Petroleum Gas, $69.9M

Top Destination (2019): Jordan, $69.9M

In 2019, Saint Vincent and the Grenadines exported a total of $180M, making it the number 179 exporter in the world. During the last five reported years the exports of Saint Vincent and the Grenadines have changed by $226k from $180M in 2014 to $180M in 2019.

The most recent exports are led by Petroleum Gas ($69.9M), Special Purpose Ships ($25.9M), Recreational Boats ($12.1M), Collector's Items ($11.2M), and Wheat Flours ($8.78M). The most common destination for the exports of Saint Vincent and the Grenadines are Jordan ($69.9M), Singapore ($25.6M), Switzerland ($11.2M), Italy ($8.99M), and United States ($8.08M).

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Yearly Imports

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Value
Depth

Top Import (2019): Refined Petroleum, $34.1M

Top Origin (2019): United States, $117M

In 2019 Saint Vincent and the Grenadines imported $396M, making it the number 192 trade destination in the world. During the last five reported years the imports of Saint Vincent and the Grenadines changed by -$144M from $539M in 2014 to $396M in 2019.

The most recent imports of Saint Vincent and the Grenadines are led by Refined Petroleum ($34.1M), Passenger and Cargo Ships ($22.8M), Poultry Meat ($11.7M), Tug Boats ($11.7M), and Recreational Boats ($10.1M). The most common import partners for Saint Vincent and the Grenadines are United States ($117M), Trinidad and Tobago ($48.9M), China ($29.8M), United Kingdom ($23.9M), and Italy ($14.7M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

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).

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 (754), Scrap Vessels (189), Wheat Flours (181), Cassava (127), and Tug Boats (105). 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 Synthetic rubber (0.94), Parts for use with lifting, moving machinery (0.84), Wind musical instruments nes (brass, wood,bagpipes) (0.47), Musical instruments electrical, requiring amplifier (0.45), and Aluminium structures, parts nes, for construction (0.4). 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 Crude Petroleum (0.09), Gold (0.082), Coconut Oil (0.081), Fish Fillets (0.08), and Other Oily Seeds (0.075). 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.