Saint Helena Export Data
Total HS code(6-digit)
5
Total Suppliers
2
Total Purchase Country/Region
2
Total Amount (USD)
55,914
Data displayed above is sourced from our database and does not fully represent the country’s trade activities.
Saint Helena's Import/Export Overview and Domestic Market Analysis for 2023
Imports & Exports
Top Trade Partners: Saint Helena primarily trades with the United Kingdom and South Africa, reflecting its historical ties and geographical proximity.
Top 5 Imports: Fuel, food products, machinery, pharmaceuticals, and building materials account for the bulk of imports, with fuel leading at 15% and food products at 12% of the total import value.
Top 5 Exports: Stamps, handicrafts, fish, coffee, and vegetables constitute the major exports, where stamps, due to their collectible nature, make up 20% of the total export revenue.
Trade Balance: Saint Helena experiences a significant trade deficit, primarily due to its high import dependency for essential goods and services.
Trade Policy Overview: The island adheres to free trade principles, with minimal tariffs, to encourage economic development and investment. However, it faces challenges in diversifying its export base.
Domestic Market
Consumer Expenditure: Consumer spending is relatively stable, focused on basic necessities due to the island's limited resources and high cost of living.
Interest Rates & Inflation: Interest rates are moderate, supporting borrowing and investment, while inflation is managed to ensure economic stability amidst external price fluctuations.
Supply Chain Dynamics: The supply chain is sensitive to global shipping schedules and costs, with occasional disruptions impacting the availability and pricing of goods on the island.
Industry Trends: Tourism, fishing, and agriculture are key industries, with emerging focus on sustainable practices and technology to improve efficiency and market access.
Overall Outlook
Despite the challenges posed by its remote location and limited export diversity, Saint Helena's economy shows resilience through its strategic partnerships and efforts to enhance local industries. The government's commitment to sustainable development and infrastructure improvements bodes well for future economic growth.
