United Kingdom-Saint Vincent and the Grenadines Bilateral Trade Analysis 2023
Complete trade statistics: $38.03M total volume •United Kingdom surplus: $36.45M
United Kingdom → Saint Vincent and the Grenadines
$37.24M
Exports (2023)
Saint Vincent and the Grenadines → United Kingdom
$793,651
Imports (2023)
Trade Balance
$36.45M
Surplus for United Kingdom
Total Trade
$38.03M
Combined Volume
Trade Flow Visualization
Direct trade relationship between United Kingdom and Saint Vincent and the Grenadines. 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 Vincent and the Grenadines commercial relationship and competitive positioning in global markets.
United Kingdom → Saint Vincent and the Grenadines Exports
Export Market Intelligence
🎯 Strategic Export Focus
United Kingdom's export portfolio to Saint Vincent and the Grenadines demonstrates strategic specialization, with meat and edible offal: of fowls of the species gallus domesticus, cuts and offal, frozen representing a key competitive advantage in this bilateral market.
Saint Vincent and the Grenadines → United Kingdom Imports
Import Dependency Profile
📦 Import Strategy Analysis
United Kingdom's import pattern from Saint Vincent and the Grenadines reveals significant dependencyin 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, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
United Kingdom demonstrates competitive strength in exportingmeat and edible offal: of fowls of the species gallus domesticus, cuts and offal, frozen to Saint Vincent and the Grenadines, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $38.03M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: United Kingdom-Saint Vincent and the Grenadines Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $38.03 millionrepresenting a significant bilateral economic relationship
- Trade Balance: United Kingdom maintains a surplus of $36.45 million
- Export Focus: United Kingdom's primary exports include meat and edible offal: of fowls of the species gallus domesticus, cuts and offal, frozen, electrical apparatus: for protecting electrical circuits, n.e.c. in heading no. 8536, for a voltage not exceeding 1000 volts, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale
- Import Dependencies: Key imports from Saint Vincent and the Grenadines 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, heating apparatus: electric soil heating apparatus and space heating apparatus (excluding storage heating radiators), machinery: parts of the machinery of heading no. 8428, (other than lifts, skip hoists or escalators)
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 $38.03M 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 meat and edible offal: of fowls of the species gallus domesticus, cuts and offal, frozen.
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 meat and edible offal: of fowls of the species gallus domesticus, cuts and offal, frozencomplements Saint Vincent and the Grenadines's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly 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.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $38.03M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $38.03M 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 $38.03 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in meat and edible offal: of fowls of the species gallus domesticus, cuts and offal, frozen and 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 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
United Kingdom's trade surplus of $36.45 million strengthens 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 Vincent and the Grenadines represents a total trade volume of $38.03 million in 2023. This partnership demonstrates a favorable trade balance for United Kingdom, with exports exceeding importsby $36.45 million.
Export Strengths
United Kingdom's exports to Saint Vincent and the Grenadines total $37.24 million, with competitive advantages in meat and edible offal: of fowls of the species gallus domesticus, cuts and offal, frozen, representing $3.54M or9.5% of bilateral exports.
Import Dependencies
Imports from Saint Vincent and the Grenadines amount to $793.65 thousand, highlighting economic interdependence 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, 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 comprising27.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates United Kingdom's competitive position in this bilateral relationship. 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 Vincent and the Grenadines in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023