Saint Vincent and the Grenadines-Turks and Caicos Isds Bilateral Trade Analysis 2023
Complete trade statistics: $110,202 total volume •Saint Vincent and the Grenadines deficit: $110,202
Saint Vincent and the Grenadines → Turks and Caicos Isds
$0
Exports (2023)
Turks and Caicos Isds → Saint Vincent and the Grenadines
$110,202
Imports (2023)
Trade Balance
$110,202
Deficit for Saint Vincent and the Grenadines
Total Trade
$110,202
Combined Volume
Trade Flow Visualization
Direct trade relationship between Saint Vincent and the Grenadines and Turks and Caicos Isds. 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-Turks and Caicos Isds commercial relationship and competitive positioning in global markets.
Saint Vincent and the Grenadines → Turks and Caicos Isds Exports
Export Market Intelligence
🎯 Strategic Export Focus
Saint Vincent and the Grenadines's export portfolio to Turks and Caicos Isds demonstrates strategic specialization, with iron or steel: table, kitchen and other household articles and parts thereof, of iron or steel n.e.c. in heading no. 7323 representing a key competitive advantage in this bilateral market.
Turks and Caicos Isds → Saint Vincent and the Grenadines Imports
Import Dependency Profile
📦 Import Strategy Analysis
Saint Vincent and the Grenadines's import pattern from Turks and Caicos Isds reveals significant dependencyin fork-lift and other works trucks: fitted with lifting or handling equipment, self-propelled by other than electric motor, 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 exportingiron or steel: table, kitchen and other household articles and parts thereof, of iron or steel n.e.c. in heading no. 7323 to Turks and Caicos Isds, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $110,202 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Saint Vincent and the Grenadines-Turks and Caicos Isds Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $110.20 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: Saint Vincent and the Grenadines maintains a deficit of $110.20 thousand
- Export Focus: Saint Vincent and the Grenadines's primary exports include iron or steel: table, kitchen and other household articles and parts thereof, of iron or steel n.e.c. in heading no. 7323, pumps: fuel, lubricating or cooling medium pumps for internal combustion piston engines
- Import Dependencies: Key imports from Turks and Caicos Isds include fork-lift and other works trucks: fitted with lifting or handling equipment, self-propelled by other than electric motor, iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, n.e.c. in heading no. 7214, of rectangular (other than square) cross-section
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 $110,202 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 iron or steel: table, kitchen and other household articles and parts thereof, of iron or steel n.e.c. in heading no. 7323.
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 iron or steel: table, kitchen and other household articles and parts thereof, of iron or steel n.e.c. in heading no. 7323complements Turks and Caicos Isds's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in fork-lift and other works trucks: fitted with lifting or handling equipment, self-propelled by other than electric motor.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $110,202 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $110,202 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 $110.20 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in iron or steel: table, kitchen and other household articles and parts thereof, of iron or steel n.e.c. in heading no. 7323 and fork-lift and other works trucks: fitted with lifting or handling equipment, self-propelled by other than electric motor demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Saint Vincent and the Grenadines's trade deficit of $110.20 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 Vincent and the Grenadines and Turks and Caicos Isds represents a total trade volume of $110.20 thousand in 2023. This partnership demonstrates an unfavorable trade balance for Saint Vincent and the Grenadines, with imports exceeding exportsby $110.20 thousand.
Export Strengths
Saint Vincent and the Grenadines's exports to Turks and Caicos Isds total $0.00, with competitive advantages in iron or steel: table, kitchen and other household articles and parts thereof, of iron or steel n.e.c. in heading no. 7323, representing $27,956 orInfinity% of bilateral exports.
Import Dependencies
Imports from Turks and Caicos Isds amount to $110.20 thousand, highlighting economic interdependence in fork-lift and other works trucks: fitted with lifting or handling equipment, self-propelled by other than electric motor, with Fork-lift and other works trucks: fitted with lifting or handling equipment, self-propelled by other than electric motor comprising98.8% 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 Turks and Caicos Isds. 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 Turks and Caicos Isds in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023