Exporting guide to St Lucia

Overview

Saint Lucia is an Eastern Caribbean island nation with a population of 183,000 people. In the year to June 2019, total UK exports to St Lucia amounted to £41 million (ONS, 2019).

Improving economy

St Lucia has experienced positive GDP growth every year for the past five years, and is forecast to continue this trend over the next five years. GDP per capita is rising in a similar fashion (IMF, 2019). This should lead to an increase in spending power for the St Lucian consumer.

Growing imports market

Apart from a dip in 2017, St Lucia has experienced import growth consistently since 2015. The import market is forecast to continue growing for at least the next five years (IMF, 2019)

In 2018, St Lucia's top goods imported from the UK were meat and meat preparations, dairy products and eggs, electrical goods, mechanical power generators and consumer manufactures (ONS, 2019). In terms of services imported from the rest of the world, the top ranking were business services, transport, travel, insurance and pension services and intellectual property (ITC Trade Map, 2019). Therefore, if you're a UK business exporting these goods or services, St Lucia may be a good market for you.

Market street in St Lucia

St Lucia: at a glance

Currency

Eastern Caribbean dollar

Business language

English

GDP per capita

$9.755

The UK is $47,203 (IMF, 2021, projected figures)

Economic growth

6.8%

(IMF, 2021, projected figure)

Time zone

GMT -4

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Check for trade barriers

Trade barriers, such as tariffs or taxes, can raise costs, cause delays, or even stop you from exporting. Check for any issues that may impact your business when exporting.

See current trade barriers

See resolved trade barriers

Check duties and customs

Find information on how to export goods from the UK. View the duties, rules, restrictions, and the documents you need for your products.

See current duties and customs procedures

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.