Saint Pierre and Miquelon-France Bilateral Trade Analysis 2023
Complete trade statistics: $34.44M total volume •Saint Pierre and Miquelon deficit: $34.11M
Saint Pierre and Miquelon → France
$165,318
Exports (2023)
France → Saint Pierre and Miquelon
$34.27M
Imports (2023)
Trade Balance
$34.11M
Deficit for Saint Pierre and Miquelon
Total Trade
$34.44M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Saint Pierre and Miquelon and France. Green line shows exports from Saint Pierre and Miquelon, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Saint Pierre and Miquelon-France commercial relationship and competitive positioning in global markets.
Saint Pierre and Miquelon → France Exports
Export Market Intelligence
🎯 Strategic Export Focus
Saint Pierre and Miquelon's export portfolio to France demonstrates strategic specialization, with aircraft and spacecraft: propellers and rotors and parts thereof representing a key competitive advantage in this bilateral market.
France → Saint Pierre and Miquelon Imports
Import Dependency Profile
📦 Import Strategy Analysis
Saint Pierre and Miquelon's import pattern from France reveals significant dependencyin medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Saint Pierre and Miquelon demonstrates competitive strength in exportingaircraft and spacecraft: propellers and rotors and parts thereof to France, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $34.44M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Saint Pierre and Miquelon-France Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $34.44 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Saint Pierre and Miquelon maintains a deficit of $34.11 million
- Export Focus: Saint Pierre and Miquelon's primary exports include aircraft and spacecraft: propellers and rotors and parts thereof, machines and mechanical appliances: having individual functions, n.e.c. or included in this chapter, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cc
- Import Dependencies: Key imports from France include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, food preparations: n.e.c. in item no. 2106.10, blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale
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 $34.44M 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 Pierre and Miquelon leveraging its comparative advantages in aircraft and spacecraft: propellers and rotors and parts thereof.
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 Pierre and Miquelon's specialization in aircraft and spacecraft: propellers and rotors and parts thereofcomplements France's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $34.44M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $34.44M 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 $34.44 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in aircraft and spacecraft: propellers and rotors and parts thereof and medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Saint Pierre and Miquelon's trade deficit of $34.11 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 Pierre and Miquelon and France represents a total trade volume of $34.44 million in 2023. This partnership demonstrates an unfavorable trade balance for Saint Pierre and Miquelon, with imports exceeding exportsby $34.11 million.
Export Strengths
Saint Pierre and Miquelon's exports to France total $165.32 thousand, with competitive advantages in aircraft and spacecraft: propellers and rotors and parts thereof, representing $31,364 or19.0% of bilateral exports.
Import Dependencies
Imports from France amount to $34.27 million, highlighting economic interdependence in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, with Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale comprising8.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Saint Pierre and Miquelon's strategic sourcing from France. 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 Pierre and Miquelon and France in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023