Saint Lucia-Jamaica Bilateral Trade Analysis 2023
Complete trade statistics: $15.38M total volume •Saint Lucia deficit: $7.01M
Saint Lucia → Jamaica
$4.19M
Exports (2023)
Jamaica → Saint Lucia
$11.20M
Imports (2023)
Trade Balance
$7.01M
Deficit for Saint Lucia
Total Trade
$15.38M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Saint Lucia and Jamaica. Green line shows exports from Saint Lucia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Saint Lucia-Jamaica commercial relationship and competitive positioning in global markets.
Saint Lucia → Jamaica Exports
Export Market Intelligence
🎯 Strategic Export Focus
Saint Lucia's export portfolio to Jamaica 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.
Jamaica → Saint Lucia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Saint Lucia's import pattern from Jamaica reveals significant dependencyin juices: mixtures of fruits or vegetables, unfermented, not containing added spirit, whether or not containing added sugar or other sweetening matter, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Saint Lucia 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 Jamaica, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $15.38M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Saint Lucia-Jamaica Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $15.38 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Saint Lucia maintains a deficit of $7.01 million
- Export Focus: Saint Lucia'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, plastics: tubes, pipes and hoses thereof, other than those of item no. 3917.31, not reinforced or otherwise combined with other materials, without fittings, iron or steel: cast fittings, other than of non-malleable cast iron
- Import Dependencies: Key imports from Jamaica include juices: mixtures of fruits or vegetables, unfermented, not containing added spirit, whether or not containing added sugar or other sweetening matter, dog or cat food: (not put up for retail sale), used in animal feeding, iron or non-alloy steel: bars and rods, hot-rolled, in irregularly wound coils, containing indentations, ribs, grooves or other deformations produced during the rolling process
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 $15.38M 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 Saint Lucia 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
Saint Lucia'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 Jamaica's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in juices: mixtures of fruits or vegetables, unfermented, not containing added spirit, whether or not containing added sugar or other sweetening matter.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $15.38M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $15.38M 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 $15.38 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 juices: mixtures of fruits or vegetables, unfermented, not containing added spirit, whether or not containing added sugar or other sweetening matter demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Saint Lucia's trade deficit of $7.01 million 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 Saint Lucia and Jamaica represents a total trade volume of $15.38 million in 2023. This partnership demonstrates an unfavorable trade balance for Saint Lucia, with imports exceeding exportsby $7.01 million.
Export Strengths
Saint Lucia's exports to Jamaica total $4.19 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 $2.41M or57.5% of bilateral exports.
Import Dependencies
Imports from Jamaica amount to $11.20 million, highlighting economic interdependence in juices: mixtures of fruits or vegetables, unfermented, not containing added spirit, whether or not containing added sugar or other sweetening matter, with Juices: mixtures of fruits or vegetables, unfermented, not containing added spirit, whether or not containing added sugar or other sweetening matter comprising10.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Saint Lucia's strategic sourcing from Jamaica. 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 Saint Lucia and Jamaica in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023