Saint Pierre and Miquelon-USA Bilateral Trade Analysis 2023
Complete trade statistics: $178,637 total volume •Saint Pierre and Miquelon deficit: $69,783
Saint Pierre and Miquelon → USA
$54,427
Exports (2023)
USA → Saint Pierre and Miquelon
$124,210
Imports (2023)
Trade Balance
$69,783
Deficit for Saint Pierre and Miquelon
Total Trade
$178,637
Combined Volume
Trade Flow Visualization
Direct trade relationship between Saint Pierre and Miquelon and USA. 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-USA commercial relationship and competitive positioning in global markets.
Saint Pierre and Miquelon → USA Exports
Export Market Intelligence
🎯 Strategic Export Focus
Saint Pierre and Miquelon's export portfolio to USA demonstrates strategic specialization, with tools, hand: pliers (including cutting pliers), pincers, tweezers and similar tools representing a key competitive advantage in this bilateral market.
USA → Saint Pierre and Miquelon Imports
Import Dependency Profile
📦 Import Strategy Analysis
Saint Pierre and Miquelon's import pattern from USA reveals significant dependencyin communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Saint Pierre and Miquelon demonstrates competitive strength in exportingtools, hand: pliers (including cutting pliers), pincers, tweezers and similar tools to USA, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $178,637 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Saint Pierre and Miquelon-USA Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $178.64 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: Saint Pierre and Miquelon maintains a deficit of $69.78 thousand
- Export Focus: Saint Pierre and Miquelon's primary exports include tools, hand: pliers (including cutting pliers), pincers, tweezers and similar tools, spectacles, goggles and the like: (other than sunglasses) corrective, protective or other
- Import Dependencies: Key imports from USA include communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus, automatic data processing machines: presented in the form of systems, n.e.c. in item no. 8471.30 or 8471.41, taps, cocks, valves and similar appliances: for pipes, boiler shells, tanks, vats or the like, including thermostatically controlled valves
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 $178,637 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 tools, hand: pliers (including cutting pliers), pincers, tweezers and similar tools.
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 tools, hand: pliers (including cutting pliers), pincers, tweezers and similar toolscomplements USA's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $178,637 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $178,637 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 $178.64 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in tools, hand: pliers (including cutting pliers), pincers, tweezers and similar tools and communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Saint Pierre and Miquelon's trade deficit of $69.78 thousand 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 USA represents a total trade volume of $178.64 thousand in 2023. This partnership demonstrates an unfavorable trade balance for Saint Pierre and Miquelon, with imports exceeding exportsby $69.78 thousand.
Export Strengths
Saint Pierre and Miquelon's exports to USA total $54.43 thousand, with competitive advantages in tools, hand: pliers (including cutting pliers), pincers, tweezers and similar tools, representing $34,070 or62.6% of bilateral exports.
Import Dependencies
Imports from USA amount to $124.21 thousand, highlighting economic interdependence in communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus, with Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus comprising27.1% 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 USA. 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 USA in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023