Exporting to St Kitts and Nevis

St Kitts and Nevis is located in the Caribbean, close to Anguila, Antigua and Barbuda and Monserrat. In the year ended June 2019, total UK exports to St Kitts and Nevis amounted to £13 million.

Growing economy

The GDP of St Kitts and Nevis grew by 4.6% in 2018 and is expected to enjoy consistent growth over the coming years (IMF, 2019). This should lead to an increase in spending power of the local consumers which UK exporters could benefit from.

Demand for goods and services

In the year to June 2019, the top goods exported from the UK to St Kitts and Nevis were manufactured goods, medicinal and pharmaceutical products, specialised machinery and dairy products and eggs (ONS, 2019). In terms of services, the top services imported by St Kitts and Nevis from the world were transport, travel, insurance and pension services, financial services (ITC Trade Map, 2019). Therefore, if you operate in any of these industries, St Kitts and Nevis could be a good market for you.

Ease of doing business

140th

out of 190 countries (World Bank, 2018)

Currency

Eastern Caribbean Dollar

Business language

English

GDP per capita

$17,513

UK is $42,558 (IMF, 2018)

Economic growth

4.6%

(IMF, 2018)

Time zone

GMT -4

Next steps

DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.