Flag Saint Vincent and the Grenadines

Overview In 2020 Saint Vincent and the Grenadines was the number 194 economy in the world in terms of total exports and the number 201 in total imports.

Exports The top exports of Saint Vincent and the Grenadines are Petroleum Gas ($54.2M), Recreational Boats ($5.41M), Collector's Items ($5.08M), Passenger and Cargo Ships ($3.85M), and Wheat Flours ($2.57M), exporting mostly to Jordan ($54.2M), Barbados ($6.6M), United States ($5.14M), Switzerland ($5.09M), and Greece ($3.73M).

Imports The top imports of Saint Vincent and the Grenadines are Passenger and Cargo Ships ($17.2M), Poultry Meat ($11.4M), Wheat ($9.61M), Tug Boats ($6.17M), and Refined Petroleum ($4.84M), importing mostly from United States ($67.8M), Turkey ($16.5M), United Kingdom ($16.3M), Barbados ($12M), and Denmark ($11.3M).

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

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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.

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

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

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

Historical Data

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Top Export (2020): Petroleum Gas, $54.2M

Top Destination (2020): Jordan, $67.8M

In 2020, Saint Vincent and the Grenadines exported a total of $87.9M, making it the number 194 exporter in the world. During the last five reported years the exports of Saint Vincent and the Grenadines have changed by -$90.9M from $179M in 2015 to $87.9M in 2020.

The most recent exports are led by Petroleum Gas ($54.2M), Recreational Boats ($5.41M), Collector's Items ($5.08M), Passenger and Cargo Ships ($3.85M), and Wheat Flours ($2.57M). The most common destination for the exports of Saint Vincent and the Grenadines are Jordan ($54.2M), Barbados ($6.6M), United States ($5.14M), Switzerland ($5.09M), and Greece ($3.73M).

Explore Visualizations

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

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 (737), Wheat Flours (103), Recreational Boats (54.2), Petroleum Gas (47.5), and Molluscs (47.2). Specialization is measured using RCA, an index that takes the ratio between Saint Vincent and the Grenadines observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Saint Vincent and the Grenadines according to the relatedness index, are Gold (0.083), Fish Fillets (0.079), Raw Sugar (0.077), Palm Oil (0.077), and Soap (0.076). 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 a country currently specializes in.

Relatedness Space

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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.

Diversification Frontier

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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.