Saint Vincent and the Grenadines

In 2012, the value of merchandise exports of Saint Vincent and the Grenadines increased substantially by 12.0 percent to reach 43.0 mln US$, while its merchandise imports increased moderately by 5.2 percent to reach 403.2 mln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a large deficit of 360.2 mln US$ (see graph 1). The largest merchandise trade balance was with MDG Latin America and the Caribbean at -148.3 mln US$ (see graph 4). Merchandise exports in Saint Vincent and the Grenadines were moderately diversified amongst partners; imports were moderately concentrated. The top 6 partners accounted for 80 percent or more of exports and 7 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Saint Vincent and the Grenadines increased slightly by 0.9 percent, reaching 140.6 mln US$, while its imports of services increased slightly by 3.3 percent and reached 87.1 mln US$ (see graph 2). There was a moderate trade in services surplus of 53.5 mln US$.

Related Subject(s): International Trade and Finance

Countries: Saint Vincent and the Grenadines