Saint Pierre and Miquelon

📊 Overview

Saint Pierre and Miquelon stands as the world's #222 largest exporter and #217 largest importer, demonstrating emerging market dynamics.

The trade profile reveals a deficit of 56.46 million, reflecting import dependencies for growth.

The country maintains active trading relationships with 20 major partners, creating a highly diversified trade network.

Monthly trade flows average $5.25M, generating continuous economic activity across logistics, finance, and trade services.

🚢 Export Markets

Export concentration shows Canada as the dominant market at 81.9%. The top three markets control 92.3% of exports.

Regional patterns reveal globally balanced access. Secondary markets (Netherlands, Belgium, Slovakia) provide $127,178 in additional trade.

📦 Import Sources

Saint Pierre and Miquelon relies heavily on France for imports (57.4%),creating supply chain concentration risk.

Energy suppliers including United Arab Emirates (11,100) collectively provide 11.10 thousand or 0.0% of imports, highlighting the economy's dependence on imported energy resources.

Manufacturing inputs come primarily from , reflecting deep integration into Asian production networks.

The USA provides 124.21 thousand (0.2%) in imports, concentrated in agricultural products, aircraft, pharmaceuticals, and advanced technology.The top 10 import sources account for 99.7% of total imports, with the remaining 0% distributed among 9 other suppliers.

Regional sourcing patterns reveal diversified global sourcing. European suppliers including France (34.27M), Netherlands (1.53M), Belgium (936,203) focus on luxury goods, machinery, and specialized chemicals.

Supply chain resilience strategies increasingly emphasize "China Plus One" approaches, with emerging as alternative manufacturing bases. The geographic proximity of major suppliers balances efficiency with risk diversification.

📦 Product Composition

🚀 Export Products

Saint Pierre and Miquelon's export economy centers on diversified industrial production, with the leading export being live, fresh or chilled, crabs, whether in shell or notat $1.53 million, accounting for 46.3% of total exports.

Vehicle-related products including passenger cars, hybrid vehicles, electric vehicles, and automotive parts total approximately 28.14 thousand or 0.9% of exports, encompassing 2 distinct product categories. Electronics, semiconductors, and machinery contribute 46.99 thousand or 1.4% of exports.

The automotive sector's dominance is evident in the export portfolio, with with only spark-ignition internal combustion recip... (15,678), gear boxes and parts thereof (12,457). This automotive specialization reflects decades of manufacturing excellence, continuous innovation in fuel efficiency and hybrid technology, and established global brand recognition.

The transition to electric and hybrid vehicles is captured in export data, with 0 categories specifically related to alternative propulsion systems, totaling $0.

Beyond automotive, Saint Pierre and Miquelon maintains strong positions in industrial machinery (1 categories totaling 20,146), electronic components (26,841), and Crustaceans, Aquatic invertebrates, Glass.

The top 20 export products collectively account for 95.1% of total exports, revealing moderate concentration with room for further diversification.

🛒 Import Products

Energy dominates Saint Pierre and Miquelon's import profile, with fossil fuels accounting for 11.08 million or 18.5% of total imports. Crude oil leads at 11.08 million (18.5%), followed by natural gas and coal. This energy import dependency shapes economic policy, inflation dynamics, and strategic relationships with supplier nations.

Beyond energy, critical imports include consisting of mixed or unmixed products ... (2.98M, 5.0%), n.e.c. in item no. 2106.10 (1.31M, 2.2%), cheese (not grated, powdered or processe... (814,903, 1.4%), immunological products, put up in measur... (812,063, 1.4%), with only spark-ignition internal combus... (781,317, 1.3%).Electronic components and devices total 372.81 thousand (0.6% of imports), supporting domestic manufacturing and assembly operations. Pharmaceutical products represent 3.79 million (6.3%), reflecting healthcare sector demands.

The import product mix reveals structural characteristics of Saint Pierre and Miquelon's economy: integration into global electronics supply chains, food security dependencies, and sophisticated consumption patterns.

The ratio of raw materials to finished goods in imports (9 : 11among top 20 products) indicates balanced import composition. Import substitution potential exists in chemicals and agriculture sectors through targeted industrial policies and investment.

Product diversification metrics reveal focused product specializationwith implications for economic resilience and growth potential. The technology ladder progression from 9 primary products to 8 high-tech goods indicates the economy's structural transformation and industrial upgrading trajectory.

Value addition opportunities exist in transitioning from raw material exports to processed goods, from components to finished products, and from standard to customized offerings. The product space connectivity, measuring relatedness between current exports and potential new products, suggests strong potential for diversification into adjacent sophisticated products.

⚖️ Trade Balance Dynamics

Export-to-import ratio of 0.055 means exports cover 5.5% of import costs.

🔗 Key Relationships

The Saint Pierre and Miquelon-France relationship leads at 34.44 million in bilateral trade.View detailed analysis →

Additional major partnerships include Netherlands (1.57M total trade), Belgium (974,262 total trade), Spain (242,706 total trade). Regional integration through transatlantic partnerships facilitates technology transfer, market access, and production efficiency. The diversity of trading relationships—62.65M across top 10 partners—provides resilience against bilateral tensions and regional disruptions.

🏆 Competitive Position

Global rankings position Saint Pierre and Miquelon as the #222 exporter worldwide,in the developing trader category. The country's share of global exports at approximately 0.000%offers opportunities for market share expansion.

Export sophistication, measured by the dominance of primary commodities, indicates potential for value chain upgrading. The revealed comparative advantage (RCA) index shows strongest competitiveness in sectors where Saint Pierre and Miquelon's global market share exceeds its overall trade share by factors of 2 or more.

Competitive advantages emerge in sectors where export concentration exceeds import share, particularly inlive, fresh or chilled, c, sea cucumbers (Stichopus , carboys, bottles, flasks,. The revealed comparative advantage is strongest in product categories representing79.6% of exports. Market positioning against regional competitors shows niche specialization opportunities.

Trade complementarity with major partners suggests regional production network participation. The export quality ladder, comparing unit values to world averages, indicates competitive pricing strategies.

Competitive dynamics are shaped by factor endowments including cost advantages and resource availability, infrastructure quality, and business environment. The export survival rate, measuring the persistence of export relationships over time, suggests need for relationship strengthening.

Innovation capacity, reflected in the technology content of exports and R&D intensity, determines long-term competitiveness trajectories. The competitive threat from emerging exporters in similar product categories requires continuous upgrading and differentiation strategies to maintain market position. Regional integration through trade agreements provides preferential access to0 markets, creating competitive advantages over non-member competitors.

🎯 Strategic Outlook

The trade profile presents both opportunities and challenges for economic development strategy. Key strengths include strong import capacity enabling technology transfer and consumption growth,diversified market access reducing concentration risk, and competitive positions in essential commodities.

Vulnerabilities include excessive reliance on single export markets. The intersection of these factors creates a complex strategic landscape requiring careful navigation to maximize opportunities while mitigating risks.

Strategic priorities should focus on export promotion and import substitution to enhance trade competitiveness. Opportunities exist in expanding trade with Italy, United Arab Emirates, Slovenia, developing new product capabilities in higher technology sectors, and strengthening regional integration through new partnership frameworks.

The digital transformation of trade, including e-commerce, digital services, and blockchain-based trade finance, offers new avenues for market access and efficiency gains. Green trade opportunities in renewable energy, sustainable products, and carbon markets represent growing segments aligned with global sustainability goals.

The evolving global trade environment, characterized by technological disruption, geopolitical realignment, and sustainability imperatives, will fundamentally reshape Saint Pierre and Miquelon's trade prospects. Success requires balanced policies addressing both improving export capacity while ensuring sustainable import financing.

Investment in infrastructure, education, and innovation ecosystems will determine the ability to climb value chains and capture larger shares of global value addition. The resilience agenda, emphasizing supply chain robustness, strategic autonomy in critical sectors, and economic security considerations, must be balanced with efficiency and openness principles.

As global trade patterns continue evolving, Saint Pierre and Miquelon's position as the world's #222 exporter provides a platform for continued growth, requiring adaptive strategies, institutional strengthening, and sustained commitment to competitiveness enhancement in an increasingly complex and interconnected global economy.