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2023
Product
Exports | Imports $64.2M | $580M200 of 226 |  191 of 226
2023
Per Capita Product
Exports | Imports $633 | $5.72k200 of 220 |  88 of 220

About

Overview In 2023 Saint Vincent and the Grenadines was the number 200 economy in the world in terms of total exports and the number 191 in total imports.

Exports The top exports of Saint Vincent and the Grenadines are Recreational Boats ($11.6M), Wheat Flours ($10.9M), Animal Food ($6.84M), Passenger and Cargo Ships ($2.75M), and Molluscs ($2.03M), exporting mostly to Croatia ($10M), Barbados ($8.86M), United States ($6.21M), Saint Lucia ($6.16M), and Saint Kitts and Nevis ($5.44M).

Imports The top imports of Saint Vincent and the Grenadines are Refined Petroleum ($46.5M), Recreational Boats ($38.5M), Wheat ($23.7M), Coal Briquettes ($22.6M), and Poultry Meat ($15.6M), importing mostly from United States ($217M), Italy ($41.5M), Trinidad and Tobago ($40.2M), China ($36.3M), and United Kingdom ($36.1M).

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

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

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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$11.6M
Top Destination (2023)Croatia$10M

In 2023, Saint Vincent and the Grenadines exported a total of $64.2M, making it the number 200 exporter in the world. During the last five reported years the exports of Saint Vincent and the Grenadines have changed by -$139M from $203M in 2018 to $64.2M in 2023.

The most recent exports are led by Recreational Boats ($11.6M), Wheat Flours ($10.9M), Animal Food ($6.84M), Passenger and Cargo Ships ($2.75M), and Molluscs ($2.03M). The most common destination for the exports of Saint Vincent and the Grenadines are Croatia ($10M), Barbados ($8.86M), United States ($6.21M), Saint Lucia ($6.16M), and Saint Kitts and Nevis ($5.44M).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
Croatia$7.3M (+ 270%)
France$2.8M (+ 307%)
Barbados$1.88M (+ 26.9%)
Fastest Growing Import Markets (2022 - 2023)
Italy$31.7M (+ 323%)
Australia$22.4M (+ 1.97k%)
Netherlands$9.32M (+ 121%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

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).

Service Exports (2013)

Service Imports (2013)

Economic Complexity

Most Specialized Products by RCA Index

Saint Vincent and the Grenadines has a high level of specialization in Wheat Flours (568), Recreational Boats (250), Cassava (135), Molluscs (59.8), and Animal Food (54.5). 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

The highest complexity exports of Saint Vincent and the Grenadines according to the product complexity index (PCI) are Watch movements; complete and assembled (1.68), Fork-lift and other works trucks; fitted with lifting or handling equipment (1.52), Tools, hand; two or more of heading no. 8202 to 8205, put... (1.03), Machinery parts; used solely or principally with the machinery of heading no.... (1.03), and Aluminium; containers for compressed or liquefied gas (0.93). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Saint Vincent and the Grenadines according to the relatedness index, were Cement (0.11), Gold (0.11), Dried/Salted/Smoked/Brined Fish (0.11), Other Oily Seeds (0.11), and Other Animals (0.11). 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.

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 Vincent And The Grenadines. These are products that tend to be co-exported with the products that Saint Vincent And The Grenadines 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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