Saint Vincent and the Grenadines-Cuba Bilateral Trade Analysis 2023
Complete trade statistics: $227,020 total volume •Saint Vincent and the Grenadines surplus: $227,020
Saint Vincent and the Grenadines → Cuba
$227,020
Exports (2023)
Cuba → Saint Vincent and the Grenadines
$0
Imports (2023)
Trade Balance
$227,020
Surplus for Saint Vincent and the Grenadines
Total Trade
$227,020
Combined Volume
Trade Flow Visualization
Direct trade relationship between Saint Vincent and the Grenadines and Cuba. Green line shows exports from Saint Vincent and the Grenadines, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Saint Vincent and the Grenadines-Cuba commercial relationship and competitive positioning in global markets.
Saint Vincent and the Grenadines → Cuba Exports
Export Market Intelligence
🎯 Strategic Export Focus
Saint Vincent and the Grenadines's export portfolio to Cuba demonstrates strategic specialization, with surveying equipment: photogrammetrical surveying instruments and appliances representing a key competitive advantage in this bilateral market.
Cuba → Saint Vincent and the Grenadines Imports
Import Dependency Profile
📦 Import Strategy Analysis
Saint Vincent and the Grenadines's import pattern from Cuba reveals significant dependencyin cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Saint Vincent and the Grenadines demonstrates competitive strength in exportingsurveying equipment: photogrammetrical surveying instruments and appliances to Cuba, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $227,020 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Saint Vincent and the Grenadines-Cuba Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $227.02 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: Saint Vincent and the Grenadines maintains a surplus of $227.02 thousand
- Export Focus: Saint Vincent and the Grenadines's primary exports include surveying equipment: photogrammetrical surveying instruments and appliances, track suits and other garments n.e.c.: women's or girls', of textile materials n.e.c. in item no. 6211.4 (not knitted or crocheted), food preparations: n.e.c. in item no. 2106.10
- Import Dependencies: Key imports from Cuba include cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto, rum and other spirits obtained by distilling fermented sugar-cane products, iron or steel: threaded screws and bolts n.e.c. in item no. 7318.1, whether or not with their nuts or washers
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 $227,020 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 Vincent and the Grenadines leveraging its comparative advantages in surveying equipment: photogrammetrical surveying instruments and appliances.
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 Vincent and the Grenadines's specialization in surveying equipment: photogrammetrical surveying instruments and appliancescomplements Cuba's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $227,020 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $227,020 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 $227.02 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in surveying equipment: photogrammetrical surveying instruments and appliances and cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Saint Vincent and the Grenadines's trade surplus of $227.02 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 Vincent and the Grenadines and Cuba represents a total trade volume of $227.02 thousand in 2023. This partnership demonstrates a favorable trade balance for Saint Vincent and the Grenadines, with exports exceeding importsby $227.02 thousand.
Export Strengths
Saint Vincent and the Grenadines's exports to Cuba total $227.02 thousand, with competitive advantages in surveying equipment: photogrammetrical surveying instruments and appliances, representing $192,255 or84.7% of bilateral exports.
Import Dependencies
Imports from Cuba amount to $0.00, highlighting economic interdependence in cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto, with Cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Saint Vincent and the Grenadines'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 Vincent and the Grenadines and Cuba in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023