Saint Vincent and the Grenadines-Jamaica Bilateral Trade Analysis 2023
Complete trade statistics: $4.90M total volume •Saint Vincent and the Grenadines deficit: $4.90M
Saint Vincent and the Grenadines → Jamaica
$0
Exports (2023)
Jamaica → Saint Vincent and the Grenadines
$4.90M
Imports (2023)
Trade Balance
$4.90M
Deficit for Saint Vincent and the Grenadines
Total Trade
$4.90M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Saint Vincent and the Grenadines and Jamaica. 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-Jamaica commercial relationship and competitive positioning in global markets.
Saint Vincent and the Grenadines → Jamaica Exports
Export Market Intelligence
🎯 Strategic Export Focus
Saint Vincent and the Grenadines's export portfolio to Jamaica demonstrates strategic specialization, with moulds: for mineral materials representing a key competitive advantage in this bilateral market.
Jamaica → Saint Vincent and the Grenadines Imports
Import Dependency Profile
📦 Import Strategy Analysis
Saint Vincent and the Grenadines's import pattern from Jamaica reveals significant dependencyin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, 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 exportingmoulds: for mineral materials to Jamaica, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $4.90M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Saint Vincent and the Grenadines-Jamaica Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $4.90 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Saint Vincent and the Grenadines maintains a deficit of $4.90 million
- Export Focus: Saint Vincent and the Grenadines's primary exports include moulds: for mineral materials, machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471, automatic data processing machines: comprising in the same housing at least a central processing unit and an input and output unit, whether or not combined, n.e.c. in item no. 8471.30
- Import Dependencies: Key imports from Jamaica include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, meat preparations: of bovine animals, meat or meat offal, prepared or preserved (excluding livers and homogenised preparations), liqueurs and cordials
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 $4.90M 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 moulds: for mineral materials.
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 moulds: for mineral materialscomplements Jamaica's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $4.90M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $4.90M 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 $4.90 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in moulds: for mineral materials and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Saint Vincent and the Grenadines's trade deficit of $4.90 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 Jamaica represents a total trade volume of $4.90 million in 2023. This partnership demonstrates an unfavorable trade balance for Saint Vincent and the Grenadines, with imports exceeding exportsby $4.90 million.
Export Strengths
Saint Vincent and the Grenadines's exports to Jamaica total $0.00, with competitive advantages in moulds: for mineral materials, representing $7,035 orInfinity% of bilateral exports.
Import Dependencies
Imports from Jamaica amount to $4.90 million, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising15.4% 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 Jamaica. 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 Jamaica in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023