Saint Lucia-Saint Vincent and the Grenadines Bilateral Trade Analysis 2023
Complete trade statistics: $9.46M total volume •Saint Lucia deficit: $2.87M
Saint Lucia → Saint Vincent and the Grenadines
$3.29M
Exports (2023)
Saint Vincent and the Grenadines → Saint Lucia
$6.16M
Imports (2023)
Trade Balance
$2.87M
Deficit for Saint Lucia
Total Trade
$9.46M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Saint Lucia and Saint Vincent and the Grenadines. 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-Saint Vincent and the Grenadines commercial relationship and competitive positioning in global markets.
Saint Lucia → Saint Vincent and the Grenadines Exports
Export Market Intelligence
🎯 Strategic Export Focus
Saint Lucia's export portfolio to Saint Vincent and the Grenadines demonstrates strategic specialization, with paints and varnishes: (including enamels, lacquers and distempers), prepared water pigments of a kind used for finishing leather representing a key competitive advantage in this bilateral market.
Saint Vincent and the Grenadines → Saint Lucia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Saint Lucia's import pattern from Saint Vincent and the Grenadines reveals strategic sourcingin dog or cat food: (not put up for retail sale), used in animal feeding, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Saint Lucia demonstrates competitive strength in exportingpaints and varnishes: (including enamels, lacquers and distempers), prepared water pigments of a kind used for finishing leather 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 $9.46M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Saint Lucia-Saint Vincent and the Grenadines Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $9.46 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Saint Lucia maintains a deficit of $2.87 million
- Export Focus: Saint Lucia's primary exports include paints and varnishes: (including enamels, lacquers and distempers), prepared water pigments of a kind used for finishing leather, vehicles: fire fighting vehicles, beer: made from malt
- Import Dependencies: Key imports from Saint Vincent and the Grenadines include dog or cat food: (not put up for retail sale), used in animal feeding, wheat or meslin flour, aluminium: structures (excluding prefabricated buildings of heading no. 9406) and parts of structures, doors, windows and their frames and thresholds for doors
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 $9.46M 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 paints and varnishes: (including enamels, lacquers and distempers), prepared water pigments of a kind used for finishing leather.
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 paints and varnishes: (including enamels, lacquers and distempers), prepared water pigments of a kind used for finishing leathercomplements 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 dog or cat food: (not put up for retail sale), used in animal feeding.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $9.46M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $9.46M 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 $9.46 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in paints and varnishes: (including enamels, lacquers and distempers), prepared water pigments of a kind used for finishing leather and dog or cat food: (not put up for retail sale), used in animal feeding demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Saint Lucia's trade deficit of $2.87 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 Saint Vincent and the Grenadines represents a total trade volume of $9.46 million in 2023. This partnership demonstrates an unfavorable trade balance for Saint Lucia, with imports exceeding exportsby $2.87 million.
Export Strengths
Saint Lucia's exports to Saint Vincent and the Grenadines total $3.29 million, with competitive advantages in paints and varnishes: (including enamels, lacquers and distempers), prepared water pigments of a kind used for finishing leather, representing $466,420 or14.2% of bilateral exports.
Import Dependencies
Imports from Saint Vincent and the Grenadines amount to $6.16 million, highlighting economic interdependence in dog or cat food: (not put up for retail sale), used in animal feeding, with Dog or cat food: (not put up for retail sale), used in animal feeding comprising37.2% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Saint Lucia'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 Saint Lucia 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