United Kingdom-Saint Pierre and Miquelon Bilateral Trade Analysis 2023
Complete trade statistics: $76,649 total volume •United Kingdom deficit: $38,773
United Kingdom → Saint Pierre and Miquelon
$18,938
Exports (2023)
Saint Pierre and Miquelon → United Kingdom
$57,711
Imports (2023)
Trade Balance
$38,773
Deficit for United Kingdom
Total Trade
$76,649
Combined Volume
Trade Flow Visualization
Direct trade relationship between United Kingdom and Saint Pierre and Miquelon. Green line shows exports from United Kingdom, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the United Kingdom-Saint Pierre and Miquelon commercial relationship and competitive positioning in global markets.
United Kingdom → Saint Pierre and Miquelon Exports
Export Market Intelligence
🎯 Strategic Export Focus
United Kingdom's export portfolio to Saint Pierre and Miquelon demonstrates strategic specialization, with medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale representing a key competitive advantage in this bilateral market.
Saint Pierre and Miquelon → United Kingdom Imports
Import Dependency Profile
📦 Import Strategy Analysis
United Kingdom's import pattern from Saint Pierre and Miquelon reveals significant dependencyin organo-inorganic compounds: other than tetramethyl lead, tetraethyl lead, tributyltin compounds, and other organo-phosphorus derivatives, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
United Kingdom demonstrates competitive strength in exportingmedicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale to Saint Pierre and Miquelon, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $76,649 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: United Kingdom-Saint Pierre and Miquelon Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $76.65 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: United Kingdom maintains a deficit of $38.77 thousand
- Export Focus: United Kingdom's primary exports include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, bearings: spherical roller bearings, vegetable preparations: beans, shelled, prepared or preserved otherwise than by vinegar or acetic acid, not frozen
- Import Dependencies: Key imports from Saint Pierre and Miquelon include organo-inorganic compounds: other than tetramethyl lead, tetraethyl lead, tributyltin compounds, and other organo-phosphorus derivatives, electrical apparatus: switches n.e.c. in heading no. 8536, for a voltage not exceeding 1000 volts
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 $76,649 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 United Kingdom leveraging its comparative advantages in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale.
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
United Kingdom's specialization in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail salecomplements Saint Pierre and Miquelon's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in organo-inorganic compounds: other than tetramethyl lead, tetraethyl lead, tributyltin compounds, and other organo-phosphorus derivatives.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $76,649 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $76,649 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 $76.65 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale and organo-inorganic compounds: other than tetramethyl lead, tetraethyl lead, tributyltin compounds, and other organo-phosphorus derivatives demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
United Kingdom's trade deficit of $38.77 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 United Kingdom and Saint Pierre and Miquelon represents a total trade volume of $76.65 thousand in 2023. This partnership demonstrates an unfavorable trade balance for United Kingdom, with imports exceeding exportsby $38.77 thousand.
Export Strengths
United Kingdom's exports to Saint Pierre and Miquelon total $18.94 thousand, with competitive advantages in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, representing $10,275 or54.3% of bilateral exports.
Import Dependencies
Imports from Saint Pierre and Miquelon amount to $57.71 thousand, highlighting economic interdependence in organo-inorganic compounds: other than tetramethyl lead, tetraethyl lead, tributyltin compounds, and other organo-phosphorus derivatives, with Organo-inorganic compounds: other than tetramethyl lead, tetraethyl lead, tributyltin compounds, and other organo-phosphorus derivatives comprising93.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates United Kingdom's strategic sourcing from Saint Pierre and Miquelon. 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 United Kingdom and Saint Pierre and Miquelon in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023