Saint Lucia-Türkiye Bilateral Trade Analysis 2023
Complete trade statistics: $3.76M total volume •Saint Lucia deficit: $3.76M
Saint Lucia → Türkiye
$0
Exports (2023)
Türkiye → Saint Lucia
$3.76M
Imports (2023)
Trade Balance
$3.76M
Deficit for Saint Lucia
Total Trade
$3.76M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Saint Lucia and Türkiye. 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-Türkiye commercial relationship and competitive positioning in global markets.
Saint Lucia → Türkiye Exports
Export Market Intelligence
🎯 Strategic Export Focus
Saint Lucia's export portfolio to Türkiye demonstrates strategic specialization, with machinery parts: not containing electrical connectors, insulators, coils, contacts or other electrical features, n.e.c. in chapter 84, other than ships' or boats' propellers and blades therefor representing a key competitive advantage in this bilateral market.
Türkiye → Saint Lucia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Saint Lucia's import pattern from Türkiye reveals significant dependencyin iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Saint Lucia demonstrates competitive strength in exportingmachinery parts: not containing electrical connectors, insulators, coils, contacts or other electrical features, n.e.c. in chapter 84, other than ships' or boats' propellers and blades therefor to Türkiye, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $3.76M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Saint Lucia-Türkiye Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $3.76 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Saint Lucia maintains a deficit of $3.76 million
- Export Focus: Saint Lucia's primary exports include machinery parts: not containing electrical connectors, insulators, coils, contacts or other electrical features, n.e.c. in chapter 84, other than ships' or boats' propellers and blades therefor, valves: safety or relief valves, for pipes, boiler shells, tanks, vats or the like
- Import Dependencies: Key imports from Türkiye include iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, iron or steel wire: grill, netting and fencing, welded at the intersection, n.e.c. in item no. 7314.20, (other than plated or coated with zinc)
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 $3.76M 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 machinery parts: not containing electrical connectors, insulators, coils, contacts or other electrical features, n.e.c. in chapter 84, other than ships' or boats' propellers and blades therefor.
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 machinery parts: not containing electrical connectors, insulators, coils, contacts or other electrical features, n.e.c. in chapter 84, other than ships' or boats' propellers and blades thereforcomplements Türkiye's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $3.76M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $3.76M 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 $3.76 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in machinery parts: not containing electrical connectors, insulators, coils, contacts or other electrical features, n.e.c. in chapter 84, other than ships' or boats' propellers and blades therefor and iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Saint Lucia's trade deficit of $3.76 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 Türkiye represents a total trade volume of $3.76 million in 2023. This partnership demonstrates an unfavorable trade balance for Saint Lucia, with imports exceeding exportsby $3.76 million.
Export Strengths
Saint Lucia's exports to Türkiye total $0.00, with competitive advantages in machinery parts: not containing electrical connectors, insulators, coils, contacts or other electrical features, n.e.c. in chapter 84, other than ships' or boats' propellers and blades therefor, representing $2,456 orInfinity% of bilateral exports.
Import Dependencies
Imports from Türkiye amount to $3.76 million, highlighting economic interdependence in iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling, with Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling comprising55.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Saint Lucia's strategic sourcing from Türkiye. 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 Türkiye in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023