Guernsey Export Data

Guernsey Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Guernsey conducts significant trade with the United Kingdom, Jersey, and France.

• Top 5 Imports: Merchandise such as food products, machinery, and vehicles are the top imports, accounting for a significant percentage of total imports.

• Top 5 Exports: Exports are primarily financial services, followed by goods like wine and spirits, which represent a notable part of total exports.

• Trade Balance: Guernsey maintains a stable trade balance, with a slight surplus due to the dominance of service exports over merchandise imports.

• Trade Policy: Guernsey's trade policy emphasizes free trade agreements, ease of doing business, and regulatory alignment with the EU to facilitate commerce.

Domestic Market

• Consumer Spending: Consumption is robust, driven by a high standard of living and employment, but is sensitive to global economic conditions.

• Interest Rates & Inflation: Interest rates are kept low to stimulate economic activity, while inflation remains moderate, below the 2% target.

• Supply Chain Resilience: Guernsey's supply chains are generally reliable, with minimal disruptions, owing to its strategic location and investment in logistics infrastructure.

• Sectoral Performance: The financial services sector is the backbone of the economy, complemented by growth in technology and tourism, while manufacturing and agriculture remain niche but stable.

Overall Outlook

Guernsey's economy is poised for resilient growth, supported by a robust financial sector and diversified economic activity. Challenges include adapting to Brexit and global economic uncertainties.