Saint Vincent and the Grenadines-Trinidad and Tobago Bilateral Trade Analysis 2023
Complete trade statistics: $42.56M total volume •Saint Vincent and the Grenadines deficit: $37.84M
Saint Vincent and the Grenadines → Trinidad and Tobago
$2.36M
Exports (2023)
Trinidad and Tobago → Saint Vincent and the Grenadines
$40.20M
Imports (2023)
Trade Balance
$37.84M
Deficit for Saint Vincent and the Grenadines
Total Trade
$42.56M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Saint Vincent and the Grenadines and Trinidad and Tobago. 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-Trinidad and Tobago commercial relationship and competitive positioning in global markets.
Saint Vincent and the Grenadines → Trinidad and Tobago Exports
Export Market Intelligence
🎯 Strategic Export Focus
Saint Vincent and the Grenadines's export portfolio to Trinidad and Tobago demonstrates strategic specialization, with vegetable roots and tubers: arrowroot, salep, jerusalem artichokes and similar roots and tubers (not manioc, sweet potatoes, yams, taro or yautia), high starch or inulin content, fresh, chilled, frozen, dried, sliced or not, or in pellet form: sago pith representing a key competitive advantage in this bilateral market.
Trinidad and Tobago → Saint Vincent and the Grenadines Imports
Import Dependency Profile
📦 Import Strategy Analysis
Saint Vincent and the Grenadines's import pattern from Trinidad and Tobago reveals significant dependencyin petroleum gases and other gaseous hydrocarbons: liquefied, butanes, 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 exportingvegetable roots and tubers: arrowroot, salep, jerusalem artichokes and similar roots and tubers (not manioc, sweet potatoes, yams, taro or yautia), high starch or inulin content, fresh, chilled, frozen, dried, sliced or not, or in pellet form: sago pith to Trinidad and Tobago, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $42.56M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Saint Vincent and the Grenadines-Trinidad and Tobago Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $42.56 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Saint Vincent and the Grenadines maintains a deficit of $37.84 million
- Export Focus: Saint Vincent and the Grenadines's primary exports include vegetable roots and tubers: arrowroot, salep, jerusalem artichokes and similar roots and tubers (not manioc, sweet potatoes, yams, taro or yautia), high starch or inulin content, fresh, chilled, frozen, dried, sliced or not, or in pellet form: sago pith, spices: ginger, neither crushed nor ground, fish: live, n.e.c. in heading 0301
- Import Dependencies: Key imports from Trinidad and Tobago include petroleum gases and other gaseous hydrocarbons: liquefied, butanes, cement: portland, other than white, whether or not artificially coloured, waters: including mineral and aerated, containing added sugar or other sweetening matter or flavoured
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 $42.56M 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 vegetable roots and tubers: arrowroot, salep, jerusalem artichokes and similar roots and tubers (not manioc, sweet potatoes, yams, taro or yautia), high starch or inulin content, fresh, chilled, frozen, dried, sliced or not, or in pellet form: sago pith.
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 vegetable roots and tubers: arrowroot, salep, jerusalem artichokes and similar roots and tubers (not manioc, sweet potatoes, yams, taro or yautia), high starch or inulin content, fresh, chilled, frozen, dried, sliced or not, or in pellet form: sago pithcomplements Trinidad and Tobago's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum gases and other gaseous hydrocarbons: liquefied, butanes.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $42.56M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $42.56M 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 $42.56 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in vegetable roots and tubers: arrowroot, salep, jerusalem artichokes and similar roots and tubers (not manioc, sweet potatoes, yams, taro or yautia), high starch or inulin content, fresh, chilled, frozen, dried, sliced or not, or in pellet form: sago pith and petroleum gases and other gaseous hydrocarbons: liquefied, butanes demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Saint Vincent and the Grenadines's trade deficit of $37.84 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 Trinidad and Tobago represents a total trade volume of $42.56 million in 2023. This partnership demonstrates an unfavorable trade balance for Saint Vincent and the Grenadines, with imports exceeding exportsby $37.84 million.
Export Strengths
Saint Vincent and the Grenadines's exports to Trinidad and Tobago total $2.36 million, with competitive advantages in vegetable roots and tubers: arrowroot, salep, jerusalem artichokes and similar roots and tubers (not manioc, sweet potatoes, yams, taro or yautia), high starch or inulin content, fresh, chilled, frozen, dried, sliced or not, or in pellet form: sago pith, representing $815,759 or34.6% of bilateral exports.
Import Dependencies
Imports from Trinidad and Tobago amount to $40.20 million, highlighting economic interdependence in petroleum gases and other gaseous hydrocarbons: liquefied, butanes, with Petroleum gases and other gaseous hydrocarbons: liquefied, butanes comprising10.4% 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 Trinidad and Tobago. 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 Trinidad and Tobago in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023