Overview: 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.
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.
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.
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).
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.
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.
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.
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.
Saint Vincent and the Grenadines
