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2023
Product
Exports | Imports $77.7M | $317M198 of 226 |  201 of 226
2023
Per Capita Product
Exports | Imports $1.66k | $6.78k106 of 220 |  85 of 220

About

Overview In 2023 Saint Kitts and Nevis was the number 198 economy in the world in terms of total exports and the number 201 in total imports.

Exports The top exports of Saint Kitts and Nevis are Recreational Boats ($38.8M), Other Measuring Instruments ($7.52M), Scrap Vessels ($5.09M), Beer ($4.07M), and Electrical Transformers ($4.02M), exporting mostly to Malta ($37.8M), United States ($16.4M), Turkey ($5.09M), Saint Vincent and the Grenadines ($3.57M), and Guyana ($2.04M).

Imports The top imports of Saint Kitts and Nevis are Refined Petroleum ($41.9M), Recreational Boats ($34.3M), Cars ($15M), Jewellery ($10.2M), and Poultry Meat ($7.73M), importing mostly from United States ($159M), Italy ($33.4M), China ($25.2M), Japan ($7.34M), and United Kingdom ($7.25M).

Location Saint Kitts and Nevis borders Antigua and Barbuda, Netherlands, Venezuela, and Montserrat by sea.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Saint Kitts and Nevis.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Recreational Boats$38.8M
Top Destination (2023)Malta$37.8M

In 2023, Saint Kitts and Nevis exported a total of $77.7M, making it the number 198 exporter in the world. During the last five reported years the exports of Saint Kitts and Nevis have changed by -$4.99M from $82.7M in 2018 to $77.7M in 2023.

The most recent exports are led by Recreational Boats ($38.8M), Other Measuring Instruments ($7.52M), Scrap Vessels ($5.09M), Beer ($4.07M), and Electrical Transformers ($4.02M). The most common destination for the exports of Saint Kitts and Nevis are Malta ($37.8M), United States ($16.4M), Turkey ($5.09M), Saint Vincent and the Grenadines ($3.57M), and Guyana ($2.04M).

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Exports (2023)
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Destinations (2023)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2022 - 2023)
Malta$37.8M (+ 7.54M%)
Turkey$4.72M (+ 1.26k%)
Guyana$1.76M (+ 610%)
Fastest Growing Import Markets (2022 - 2023)
China$10.6M (+ 72.5%)
United States$6.39M (+ 4.2%)
Italy$5.38M (+ 19.2%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Saint Kitts and Nevis Exports Services (2013)$235M
Saint Kitts and Nevis Imports Services (2013)$119M

In 2013, Saint Kitts and Nevis exported $235M worth of services. The top services exported by Saint Kitts and Nevis in 2013 were Travel ($101M), Government services, n.i.e. ($91.6M), Other business services ($19M), Sea transport ($10.3M), and Air transport ($6.35M).

The top services imported by Saint Kitts and Nevis in 2013 were Other business services ($36.8M), Sea transport ($28.6M), Air transport ($18.8M), Travel ($15.5M), and Government services, n.i.e. ($6.69M).

Service Exports (2013)

Service Imports (2013)

Economic Complexity

Most Specialized Products by RCA Index

Saint Kitts and Nevis has a high level of specialization in Scrap Vessels (1.14k), Recreational Boats (693), Bitumen and asphalt (212), Other Animals (175), and Other Fermented Beverages (150). Specialization is measured using RCA, an index that takes the ratio between Saint Kitts and Nevis observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Saint Kitts and Nevis according to the relatedness index, were Scrap Iron (0.059), Refined Petroleum (0.059), Scrap Copper (0.058), Documents of title (bonds etc) and unused stamps (0.057), and Non-fillet Fresh Fish (0.056). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Saint Kitts and Nevis is not specialized in.

Product Space

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 a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Saint Kitts And Nevis. These are products that tend to be co-exported with the products that Saint Kitts And Nevis exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

Diversification Frontier

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