Br. Virgin Isds-Saint Vincent and the Grenadines Bilateral Trade Analysis 2023
Complete trade statistics: $550,037 total volume •Br. Virgin Isds deficit: $550,037
Br. Virgin Isds → Saint Vincent and the Grenadines
$0
Exports (2023)
Saint Vincent and the Grenadines → Br. Virgin Isds
$550,037
Imports (2023)
Trade Balance
$550,037
Deficit for Br. Virgin Isds
Total Trade
$550,037
Combined Volume
Trade Flow Visualization
Direct trade relationship between Br. Virgin Isds and Saint Vincent and the Grenadines. Green line shows exports from Br. Virgin Isds, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Br. Virgin Isds-Saint Vincent and the Grenadines commercial relationship and competitive positioning in global markets.
Br. Virgin Isds → Saint Vincent and the Grenadines Exports
Export Market Intelligence
🎯 Strategic Export Focus
Br. Virgin Isds's export portfolio to Saint Vincent and the Grenadines demonstrates strategic specialization, with food preparations: n.e.c. in item no. 2106.10 representing a key competitive advantage in this bilateral market.
Saint Vincent and the Grenadines → Br. Virgin Isds Imports
Import Dependency Profile
📦 Import Strategy Analysis
Br. Virgin Isds's import pattern from Saint Vincent and the Grenadines reveals significant dependencyin aluminium: structures (excluding prefabricated buildings of heading no. 9406) and parts of structures, doors, windows and their frames and thresholds for doors, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Br. Virgin Isds demonstrates competitive strength in exportingfood preparations: n.e.c. in item no. 2106.10 to Saint Vincent and the Grenadines, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $550,037 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Br. Virgin Isds-Saint Vincent and the Grenadines Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $550.04 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: Br. Virgin Isds maintains a deficit of $550.04 thousand
- Export Focus: Br. Virgin Isds's primary exports include food preparations: n.e.c. in item no. 2106.10, engines: outboard motors for marine propulsion, spark-ignition reciprocating or rotary internal combustion piston engines, carpets and other textile floor coverings: woven, (not tufted or flocked), of textile materials (other than man-made, wool or fine animal hair), of pile construction, made up, n.e.c. in item no. 5702.10 or 5702.20
- Import Dependencies: Key imports from Saint Vincent and the Grenadines include aluminium: structures (excluding prefabricated buildings of heading no. 9406) and parts of structures, doors, windows and their frames and thresholds for doors, waters: other than mineral and aerated, (not containing added sugar or other sweetening matter nor flavoured), ice and snow, rum and other spirits obtained by distilling fermented sugar-cane products
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $550,037 represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Br. Virgin Isds leveraging its comparative advantages in food preparations: n.e.c. in item no. 2106.10.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Br. Virgin Isds's specialization in food preparations: n.e.c. in item no. 2106.10complements Saint Vincent and the Grenadines's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in aluminium: structures (excluding prefabricated buildings of heading no. 9406) and parts of structures, doors, windows and their frames and thresholds for doors.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $550,037 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $550,037 bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $550.04 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in food preparations: n.e.c. in item no. 2106.10 and aluminium: structures (excluding prefabricated buildings of heading no. 9406) and parts of structures, doors, windows and their frames and thresholds for doors demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Br. Virgin Isds's trade deficit of $550.04 thousand impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Br. Virgin Isds and Saint Vincent and the Grenadines represents a total trade volume of $550.04 thousand in 2023. This partnership demonstrates an unfavorable trade balance for Br. Virgin Isds, with imports exceeding exportsby $550.04 thousand.
Export Strengths
Br. Virgin Isds's exports to Saint Vincent and the Grenadines total $0.00, with competitive advantages in food preparations: n.e.c. in item no. 2106.10, representing $61,246 orInfinity% of bilateral exports.
Import Dependencies
Imports from Saint Vincent and the Grenadines amount to $550.04 thousand, highlighting economic interdependence in aluminium: structures (excluding prefabricated buildings of heading no. 9406) and parts of structures, doors, windows and their frames and thresholds for doors, with Aluminium: structures (excluding prefabricated buildings of heading no. 9406) and parts of structures, doors, windows and their frames and thresholds for doors comprising30.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Br. Virgin Isds's strategic sourcing from Saint Vincent and the Grenadines. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Br. Virgin Isds and Saint Vincent and the Grenadines in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023