Saint Vincent and the Grenadines-France Bilateral Trade Analysis 2023
Complete trade statistics: $12.97M total volume •Saint Vincent and the Grenadines deficit: $5.53M
Saint Vincent and the Grenadines → France
$3.72M
Exports (2023)
France → Saint Vincent and the Grenadines
$9.25M
Imports (2023)
Trade Balance
$5.53M
Deficit for Saint Vincent and the Grenadines
Total Trade
$12.97M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Saint Vincent and the Grenadines and France. 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-France commercial relationship and competitive positioning in global markets.
Saint Vincent and the Grenadines → France Exports
Export Market Intelligence
🎯 Strategic Export Focus
Saint Vincent and the Grenadines's export portfolio to France demonstrates strategic specialization, with odoriferous substances and mixtures: used as raw materials in industries other than the food or drink industries representing a key competitive advantage in this bilateral market.
France → Saint Vincent and the Grenadines Imports
Import Dependency Profile
📦 Import Strategy Analysis
Saint Vincent and the Grenadines's import pattern from France reveals significant dependencyin vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods, 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 exportingodoriferous substances and mixtures: used as raw materials in industries other than the food or drink industries to France, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $12.97M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Saint Vincent and the Grenadines-France Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $12.97 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Saint Vincent and the Grenadines maintains a deficit of $5.53 million
- Export Focus: Saint Vincent and the Grenadines's primary exports include odoriferous substances and mixtures: used as raw materials in industries other than the food or drink industries, motorboats: (other than outboard motorboats), for pleasure or sports, other than inflatable, tugs and pusher craft
- Import Dependencies: Key imports from France include vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods, pebbles, gravel, broken or crushed stone: of a kind commonly used for concrete aggregates, for road metalling or for railway or other ballast, shingle and flint, whether or not heat-treated, sailboats: with or without auxiliary motor, for pleasure or sports, other than inflatable
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 $12.97M 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 odoriferous substances and mixtures: used as raw materials in industries other than the food or drink industries.
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 odoriferous substances and mixtures: used as raw materials in industries other than the food or drink industriescomplements France's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $12.97M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $12.97M 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 $12.97 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in odoriferous substances and mixtures: used as raw materials in industries other than the food or drink industries and vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Saint Vincent and the Grenadines's trade deficit of $5.53 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 Vincent and the Grenadines and France represents a total trade volume of $12.97 million in 2023. This partnership demonstrates an unfavorable trade balance for Saint Vincent and the Grenadines, with imports exceeding exportsby $5.53 million.
Export Strengths
Saint Vincent and the Grenadines's exports to France total $3.72 million, with competitive advantages in odoriferous substances and mixtures: used as raw materials in industries other than the food or drink industries, representing $1.54M or41.3% of bilateral exports.
Import Dependencies
Imports from France amount to $9.25 million, highlighting economic interdependence in vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods, with Vessels: n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods comprising22.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Saint Vincent and the Grenadines'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 Vincent and the Grenadines and France in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023