Canada-Saint Pierre and Miquelon Bilateral Trade Analysis 2023
Complete trade statistics: $24.60M total volume •Canada surplus: $19.20M
Canada → Saint Pierre and Miquelon
$21.90M
Exports (2023)
Saint Pierre and Miquelon → Canada
$2.70M
Imports (2023)
Trade Balance
$19.20M
Surplus for Canada
Total Trade
$24.60M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Canada and Saint Pierre and Miquelon. Green line shows exports from Canada, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Canada-Saint Pierre and Miquelon commercial relationship and competitive positioning in global markets.
Canada → Saint Pierre and Miquelon Exports
Export Market Intelligence
🎯 Strategic Export Focus
Canada's export portfolio to Saint Pierre and Miquelon demonstrates strategic specialization, with petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils representing a key competitive advantage in this bilateral market.
Saint Pierre and Miquelon → Canada Imports
Import Dependency Profile
📦 Import Strategy Analysis
Canada's import pattern from Saint Pierre and Miquelon reveals significant dependencyin crustaceans: live, fresh or chilled, crabs, whether in shell or not, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Canada demonstrates competitive strength in exportingpetroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils to Saint Pierre and Miquelon, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $24.60M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Canada-Saint Pierre and Miquelon Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $24.60 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Canada maintains a surplus of $19.20 million
- Export Focus: Canada's primary exports include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cc, meat: of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled
- Import Dependencies: Key imports from Saint Pierre and Miquelon include crustaceans: live, fresh or chilled, crabs, whether in shell or not, aquatic invertebrates: sea cucumbers (stichopus japonicus, holothuroidea), live, fresh or chilled, crustaceans: live, fresh or chilled, lobsters (homarus spp.), whether in shell or not
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 $24.60M 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 Canada leveraging its comparative advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
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
Canada's specialization in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oilscomplements Saint Pierre and Miquelon's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in crustaceans: live, fresh or chilled, crabs, whether in shell or not.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $24.60M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $24.60M 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 $24.60 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils and crustaceans: live, fresh or chilled, crabs, whether in shell or not demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Canada's trade surplus of $19.20 million strengthens 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 Canada and Saint Pierre and Miquelon represents a total trade volume of $24.60 million in 2023. This partnership demonstrates a favorable trade balance for Canada, with exports exceeding importsby $19.20 million.
Export Strengths
Canada's exports to Saint Pierre and Miquelon total $21.90 million, with competitive advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, representing $11.07M or50.5% of bilateral exports.
Import Dependencies
Imports from Saint Pierre and Miquelon amount to $2.70 million, highlighting economic interdependence in crustaceans: live, fresh or chilled, crabs, whether in shell or not, with Crustaceans: live, fresh or chilled, crabs, whether in shell or not comprising56.5% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Canada's competitive position in this bilateral relationship. 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 Canada and Saint Pierre and Miquelon in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023