Saint Pierre and Miquelon-United Kingdom Bilateral Trade Analysis 2023
Complete trade statistics: $76,649 total volume •Saint Pierre and Miquelon surplus: $38,773
Saint Pierre and Miquelon → United Kingdom
$57,711
Exports (2023)
United Kingdom → Saint Pierre and Miquelon
$18,938
Imports (2023)
Trade Balance
$38,773
Surplus for Saint Pierre and Miquelon
Total Trade
$76,649
Combined Volume
Trade Flow Visualization
Direct trade relationship between Saint Pierre and Miquelon and United Kingdom. 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-United Kingdom commercial relationship and competitive positioning in global markets.
Saint Pierre and Miquelon → United Kingdom Exports
Export Market Intelligence
🎯 Strategic Export Focus
Saint Pierre and Miquelon's export portfolio to United Kingdom demonstrates strategic specialization, with organo-inorganic compounds: other than tetramethyl lead, tetraethyl lead, tributyltin compounds, and other organo-phosphorus derivatives representing a key competitive advantage in this bilateral market.
United Kingdom → Saint Pierre and Miquelon Imports
Import Dependency Profile
📦 Import Strategy Analysis
Saint Pierre and Miquelon's import pattern from United Kingdom 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 exportingorgano-inorganic compounds: other than tetramethyl lead, tetraethyl lead, tributyltin compounds, and other organo-phosphorus derivatives to United Kingdom, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $76,649 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Saint Pierre and Miquelon-United Kingdom Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $76.65 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: Saint Pierre and Miquelon maintains a surplus of $38.77 thousand
- Export Focus: Saint Pierre and Miquelon's primary exports include organo-inorganic compounds: other than tetramethyl lead, tetraethyl lead, tributyltin compounds, and other organo-phosphorus derivatives, electrical apparatus: switches n.e.c. in heading no. 8536, for a voltage not exceeding 1000 volts
- Import Dependencies: Key imports from United Kingdom include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, bearings: spherical roller bearings, vegetable preparations: beans, shelled, prepared or preserved otherwise than by vinegar or acetic acid, not frozen
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 $76,649 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 organo-inorganic compounds: other than tetramethyl lead, tetraethyl lead, tributyltin compounds, and other organo-phosphorus derivatives.
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 organo-inorganic compounds: other than tetramethyl lead, tetraethyl lead, tributyltin compounds, and other organo-phosphorus derivativescomplements United Kingdom'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 $76,649 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $76,649 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 $76.65 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in organo-inorganic compounds: other than tetramethyl lead, tetraethyl lead, tributyltin compounds, and other organo-phosphorus derivatives 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 surplus of $38.77 thousand 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 Saint Pierre and Miquelon and United Kingdom represents a total trade volume of $76.65 thousand in 2023. This partnership demonstrates a favorable trade balance for Saint Pierre and Miquelon, with exports exceeding importsby $38.77 thousand.
Export Strengths
Saint Pierre and Miquelon's exports to United Kingdom total $57.71 thousand, with competitive advantages in organo-inorganic compounds: other than tetramethyl lead, tetraethyl lead, tributyltin compounds, and other organo-phosphorus derivatives, representing $53,920 or93.4% of bilateral exports.
Import Dependencies
Imports from United Kingdom amount to $18.94 thousand, 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 comprising54.3% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Saint Pierre and Miquelon'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 Saint Pierre and Miquelon and United Kingdom in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023