Exporting to St Vincent and the Grenadines

St Vincent and the Grenadines is a southern Caribbean nation comprising of the main island of St. Vincent, and a chain of smaller islands. The UK exported goods and services with a value of £6 million to St Vincent and the Grenadines in the year to the end of March 2019 (ONS, 2019).

Improving economy

St Vincent and the Grenadines has experienced positive GDP growth every year for the past five years, and this trend is expected to continue. GDP per capita is rising year on year, and this growth also is projected to continue (IMF, 2019). This should lead to an increase in spending power for local consumers.

Growing Import market

St Vincent and the Grenadines’ import market has shown positve growth overall since 2015. A further increase in imports is expected in the years to come (IMF, 2019). Exports from the UK to the islands increased by 50% in the year up to April 2019 (ONS, 2019). The top goods exported from the UK in the period were meat and meat prepartions, as well as furniture. (ONS, 2019). If you’re a UK business exporting these goods, St Vincent and the Grenadines may be a good market for you.

Ease of doing business

130th

out of 190 countries (World Bank, 2018)

Currency

Eastern Caribbean dollar

Business language

English

GDP per capita

$7,353.70

UK is $42,558 (IMF, 2018)

Economic growth

2.0%

(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.