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St. Vincent and the Grenadines Trade Summary

2023

St. Vincent and the Grenadines exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR ST. VINCENT AND THE GRENADINES 2023

Overall Exports and Imports for St. Vincent and the Grenadines 2023

Exports and imports of St. Vincent and the Grenadines in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 41 million.
  • The total value of imports (CIF) was 456 million.
  • At the HS6 digit level, 782 products were exported to 42 countries and 2,929 products were imported from 147 countries.

St. Vincent and the Grenadines top 5 Export and Import partners 2023

Top five countries to which St. Vincent and the Grenadines exported in 2023 are below, along with the percent of total exports that went to that country:

  1. St. Vincent and the Grenadines exports to Barbados worth US$ 9 million, with a partner share of 20.84 percent.
  2. St. Vincent and the Grenadines exports to St. Lucia worth US$ 6 million, with a partner share of 15.11 percent.
  3. St. Vincent and the Grenadines exports to St. Kitts and Nevis worth US$ 5 million, with a partner share of 13.33 percent.
  4. St. Vincent and the Grenadines exports to Dominica worth US$ 5 million, with a partner share of 11.65 percent.
  5. St. Vincent and the Grenadines exports to United States worth US$ 5 million, with a partner share of 11.29 percent.

Top five countries from which St. Vincent and the Grenadines imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. St. Vincent and the Grenadines imports from United States worth US$ 204 million, with a partner share of 44.64 percent.
  2. St. Vincent and the Grenadines imports from Trinidad and Tobago worth US$ 40 million, with a partner share of 8.81 percent.
  3. St. Vincent and the Grenadines imports from United Kingdom worth US$ 34 million, with a partner share of 7.52 percent.
  4. St. Vincent and the Grenadines imports from China worth US$ 34 million, with a partner share of 7.37 percent.
  5. St. Vincent and the Grenadines imports from Netherlands worth US$ 13 million, with a partner share of 2.92 percent.

St. Vincent and the Grenadines Top 5 Productsexports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by St. Vincent and the Grenadines along with trade value are:

  1. St. Vincent and the Grenadines exported Wheat or meslin flour , worth 10,915.93 (US$ Thousands).
  2. St. Vincent and the Grenadines exported Other preparations of a kind used in animal fee , worth 6,769.13 (US$ Thousands).
  3. St. Vincent and the Grenadines exported Aquatic invertebrates,nes,includ.flours,meals,p , worth 1,711.68 (US$ Thousands).
  4. St. Vincent and the Grenadines exported Pile-drivers and pile-extractors , worth 1,509.44 (US$ Thousands).
  5. St. Vincent and the Grenadines exported Beer made from malt , worth 1,446.62 (US$ Thousands).

The top five imported HS 6 digit level products from world by St. Vincent and the Grenadines along with trade value are

  1. St. Vincent and the Grenadines imported Petroleum oils, etc, (excl. crude); preparation , worth 41,233.22 (US$ Thousands).
  2. St. Vincent and the Grenadines imported Frozen cuts and offal of chicken (excl. livers) , worth 13,382.62 (US$ Thousands).
  3. St. Vincent and the Grenadines imported Durum wheat , worth 10,703.11 (US$ Thousands).
  4. St. Vincent and the Grenadines imported Other food preparations, nes , worth 7,952.15 (US$ Thousands).
  5. St. Vincent and the Grenadines imported Tubes, pipe & hollow profiles, iron or steel, w , worth 6,769.93 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by St. Vincent and the Grenadines in 2023 are below

  • The maximum rate of tariff in percentage on any product was 130.01 percent.
  • The simple average tariff across all products was 9.53 percent.
  • The trade weighted average tariff was 10.67 .
  • The total duty free imports in thousands of US dollars were 109,680.05 and duty free tariff line items share was 32.11 percent.

Development Indicators 2023

Key Development Indicators of St. Vincent and the Grenadines in 2023 are below

  • St. Vincent and the Grenadines GDP in current US dollar was 1,072 million.
  • GNI per capita, Atlas method (current US$) was 10,380.00 .
  • St. Vincent and the Grenadines Trade balance: as % of GDP was not available.
  • Trade balance in current US$ was not available.
  • Trade as percentage of GDP was not available .
  • Trade in services as percentage of GDP was 44.97 .

Trade Indicators 2023

Trade Indicators for St. Vincent and the Grenadines in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.11.
  • Index of export market penetration was 1.30.
  • World Growth in percentage was -3.13 and St. Vincent and the Grenadines Country Growth was -41.99 .