Saint Pierre and Miquelon Exports, Imports & Trade Data
Year
SPM · country profile
Saint Pierre and Miquelon
How does Saint Pierre and Miquelon’s trade profile look? Level of exports and imports over thirty years, structural composition, partner concentration, and the position on the economic-complexity frontier.
Saint Pierre and Miquelon: merchandise exports and imports, 1995-2024
Exports grew from $6.5M in 1995 to $4.5M in 2024, a CAGR of -1.3%. The merchandise balance sits at -$68.3M, which is -1514% of exports , a simple scale normalisation over the available BACI series. Note that exports are f.o.b. and imports c.i.f., so a meaningful portion of the gap reflects freight and insurance baked into the import valuation rather than a real shortfall in receipts (CIF/FOB spreads typically run 5-10% per UNCTAD/IMF BOP methodology, but country-specific values vary). The more conventional open-economy metric is the current- account balance as % of GDP, reported on the /macro/SPM page.
Source: CEPII BACI 202501 (retrieved 2026-04-28), f.o.b. exports and c.i.f. imports, summed across all reporters.Figure 1b
The structural change in what a country exports, from agriculture to manufactures to services, or between HS sections, is one of the most studied transitions in development economics (Imbs & Wacziarg 2003; Hausmann, Hwang & Rodrik 2007). The chart below shows the five largest HS sections of Saint Pierre and Miquelon’s exports in 2024, plotted back thirty years.
Figure 2
Top-5 HS sections of exports, 1995-2024
Figure 2b
Export basket by HS chapter, 2024 · top-30 $4.5M of $4.5M total
Figure 2c
Import basket by HS chapter, 2024 · top-30 $67.5M of $72.9M total
Who it sells to
Figure 3a
World map of export destinations, 2024
Figure 3b
Top 12 export destinations, 2024
Economic complexity
The Economic Complexity Index (ECI), building on Hidalgo & Hausmann (2009, PNAS) and formalized as the eigenvalue (second-eigenvector) index in the Atlas of Economic Complexity, ranks countries by the productive knowledge embedded in their export basket. Countries that export many products, and whose products are also exported by few others, score high. ECI is predictive of subsequent income growth and structural transformation; see Hausmann et al. (2014, The Atlas of Economic Complexity, MIT Press) for the full methodology and the comparative country atlas. For a non-linear alternative that ranks fast-diversifying economies differently (China, for instance, sits far higher on fitness than on ECI), compare the Economic Fitness metric of Tacchella et al. (2012).
Figure 4a
Saint Pierre and Miquelon: ECI trajectory, 1995-2024
Current ECI: 0.33, ranked #91 of 226 economies in 2024. ECI is zero-centered; positive values mean above-median complexity.
Method: ECI = second eigenvector of the reflections matrix on the BACI RCA≥1 matrix, z-standardized (eigenvalue method of the Atlas of Economic Complexity, Hausmann et al. 2014). Framework: Hidalgo & Hausmann (2009) “The Building Blocks of Economic Complexity,” PNAS 106(26): 10570-10575, whose method of reflections is equivalent to the eigenvector form (Mealy, Farmer & Teytelboym 2019, Science Advances).Figure 4b
Export concentration (HHI) and product count, 1995-2024
2024 HHI = 0.197, equivalent to about 5.1 equally-sized product lines.Saint Pierre and Miquelon exports 189 distinct HS6 products. Rising HHI or falling effective-N indicates loss of diversification.
Revealed comparative advantage (Balassa 1965) says a country is specialised in a product when its share of that product’s world exports exceeds the country’s share of all world exports. A stronger version asks: which HS6 lines does the country lead the world in? The table below lists the ten largest export lines (by value) where Saint Pierre and Miquelon ranks in the world top-5 in 2024, restricted to products with at least US$10M of global trade so tiny niches don’t crowd out economically meaningful positions. This is the “niche leadership” view: products the country is not just diversified in, but competitive at the frontier.
Figure 5
Saint Pierre and Miquelon: top 10 HS6 lines with world top-5 rank, 2024
No data available for this chart.
Saint Pierre and Miquelon does not currently rank in the world top-5 exporters of any HS6 line above the US$10M threshold in 2024.
Source: CEPII BACI 202501 (retrieved 2026-04-28), HS6 exporter rankings, 2024. Restricted to products with ≥ US$10M world trade. Method: Balassa (1965) RCA taken to its rank-based extreme, top-5 world rank is a stringent specialisation test.
Peer countries by structural profile
Which economies share the closest structural profile to Saint Pierre and Miquelon? Each country is placed in a three-dimensional space of economic complexity (ECI), log GDP per capita, and log total exports, each standardised to zero mean and unit variance in 2024. The five nearest neighbours by Euclidean distance in that space are Saint Pierre and Miquelon’s closest structural peers, similar on productive-capability, income level, and scale of external trade. This is a trade-specific adaptation of the synthetic-control “donor pool” logic (Abadie, Diamond & Hainmueller 2010).
Figure 6
Saint Pierre and Miquelon: five closest structural peers, 2024
No data available for this chart.
Insufficient coverage across ECI, WDI GDP-pc, and BACI exports for Saint Pierre and Miquelon to identify structural peers.
Method: z-score each dimension (ECI, log GDP-pc, log total exports) across the universe of countries with all three observations in the latest year; rank by Euclidean distance. Abadie, Diamond & Hainmueller (2010) “Synthetic Control Methods for Comparative Case Studies,” JASA 105(490): 493-505.
Margins of export growth
Hummels & Klenow (2005, “The variety and quality of a nation’s exports,” American Economic Review95(3): 704-723) introduced the split of a country’s exports into an extensive margin (the set of goods it ships) and an intensive margin (how much of each). In their own measure the extensive margin is nota raw line count: following Feenstra (1994), each category is weighted by its importance in world trade. The figure below applies a simplified, count-based version of that distinction to one country’s export growth over time, so the levels are a proxy, not the Feenstra-weighted index. The two margins still respond to different levers: trade-cost reductions and discovery push the extensive margin (Melitz 2003), while productivity and demand push the intensive.
Figure 7
Margins of export growth, 2014-2024
Over 10 years, total exports grew at 3.1%/yr. Decomposition: HS6 line count moved from 124 to 189 (extensive margin 4.3%/yr); average value per line moved from $27K to $24K (intensive margin -1.2%/yr). The extensive margin dominates, which under the extensive/intensive logic indicates growth via product discovery and entry into new HS6 lines.
Method: simplified count-based margin decomposition. The extensive/intensive distinction is from Hummels & Klenow (2005) AER 95(3): 704-723, whose own extensive margin is Feenstra (1994) world-trade-weighted, not a line count. Here, extensive margin = CAGR of distinct HS6 export lines; intensive margin = CAGR of (total exports / line count); total CAGR ≈ extensive + intensive (log-linear approximation).
Export basket on the complexity frontier
Figure 8
Saint Pierre and Miquelon: export value vs. product complexity (PCI), 2024
Each dot is one HS6 product in Saint Pierre and Miquelon’s basket with more than US$1M in exports in 2024 (long-tail marginal exports below that floor are filtered out so the scatter is legible; the filter drops many HS6 codes for small economies and few for large ones). Horizontal = export value (log), vertical = Product Complexity Index (PCI). Dots upper-right are high-value, high-complexity products (machinery, precision instruments). Lower-left products carry less productive knowledge per dollar. A basket shifted toward the upper-right correlates with higher ECI and higher income.
Method: PCI = product loadings from the second-eigenvector complexity decomposition of the country-product RCA matrix (eigenvalue method of the Atlas of Economic Complexity, Hausmann et al. 2014; framework from Hidalgo & Hausmann 2009, PNAS; eigenvector form equivalent to the method of reflections, Mealy et al. 2019). Basket restricted to HS6 exports > US$1M in the latest year.
Related
Value-chain position, domestic vs foreign value added in Saint Pierre and Miquelon’s exports, VAX ratio, and upstream/downstream index (OECD TiVA)
Economic Fitness, the non-linear Tacchella-Pietronero complexity ranking, and how it diverges from ECI
Research index, analytical pieces grounded in BACI flows and gravity covariates
Sector monitor, quarterly deep dives on 12 HS-defined sectors
In 2024, the top three HS sections account for 78% of merchandise exports that map to an HS92 section, a rough measure of sectoral concentration at the coarsest classification level. Shares here are over BACI exports that carry a valid HS92 section mapping, so the five-section series does not sum to 100% of total exports: some HS6 codes (newer HS revisions, non-standard codes) fall outside the 21-section mapping. Note that the top-5 sections are selected by 2024 share, so a section that was dominant in 1995 but has since fallen out of the top 5 will not appear on the chart.
Source: CEPII BACI 202501 (retrieved 2026-04-28) crossed with HS92 section codes. Shares are over the HS6-mapped universe; HS6 codes without an HS92 section fall outside the 21-section totals.
Cell area is proportional to 2024 export value. The treemap shows the top 30 HS chapters (HS2 level) of Saint Pierre and Miquelon’s exports; cells are colour-coded by HS section so structurally related chapters share a hue (e.g. minerals, machinery, textiles). The largest chapter, HS 16 , Meat, fish, crustaceans, molluscs or other aquatic invertebrates, or insects; preparations thereof, represents 33.9% of the top-30chapter total shown. Compared to Figure 2’s five-section trajectory, this view exposes which specific chapters within the dominant sections drive the overall composition.
Source: CEPII BACI 202501 (retrieved 2026-04-28), f.o.b. exports of HS6 codes aggregated to HS2 chapters, 2024. Restricted to top 30 chapters by value.
Cell area is proportional to 2024 import value. The treemap shows the top 30 HS chapters (HS2 level) of Saint Pierre and Miquelon’s imports; cells are colour-coded by HS section so structurally related chapters share a hue. The largest import chapter, HS 27 , Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes, represents 27.7% of the top-30 chapter total shown. Read alongside Figure 2b to compare what Saint Pierre and Miquelon sells abroad against what it buys in.
Source: CEPII BACI 202501 (retrieved 2026-04-28), c.i.f. imports of HS6 codes aggregated to HS2 chapters, 2024. Restricted to top 30 chapters by value.
Each country is shaded by the bilateral value of Saint Pierre and Miquelon’s exports to it in 2024, binned into quintiles. Saint Pierre and Miquelon itself is tinted in amber as the origin; white indicates destinations with no recorded bilateral flow. The map makes regional dependency structures visible, neighbours, former colonial ties, bloc partners, in ways a top-list ordering hides.
Partner concentration measures market exposure. The single largest destination absorbs 67% of Saint Pierre and Miquelon’s exports; the top 3 together take 83%. Concentrated partner bases make bilateral shocks (trade wars, recessions) first-order.
Source: CEPII BACI 202501 (retrieved 2026-04-28), bilateral exports 2024. Shares are over total exports.
Saint Pierre and Miquelon trade-riskGlobal risk rank #12 of 200 (board)
supplier concentration93.8%
price stress 12m20.7%
price coverage0.0%
Dependency diagnosis
Tricycles, scooters, pedal cars and similar wheeled toys: dolls' carriages: dolls: other toys: reduced-size (scale) models and similar recreational models, working or not: puzzles of all kinds(950300): you import 97.9% from Unknown. UNKNOWN World concentration unavailable for this product code.
Chandeliers and other electric ceiling or wall light fittings: excluding those used for lighting public open spaces or thoroughfares(940510): you import 100.0% from Unknown. STRUCTURAL Structural scarcity, world export HHI 0.31. Switching suppliers will not fix this; the world itself is concentrated (top alternatives: CHN 54.7%, MEX 7.0%, ITA 4.5%, DEU 4.3%). Policy: stockpile, substitute the input, or invest in allied/domestic production.
Telephones for cellular networks or for other wireless networks(851712): you import 100.0% from Unknown. UNKNOWN World concentration unavailable for this product code.
Manicure or pedicure sets and instruments: (including nail files)(821420): you import 100.0% from Unknown. STRUCTURAL Structural scarcity, world export HHI 0.45. Switching suppliers will not fix this; the world itself is concentrated (top alternatives: CHN 66.5%, DEU 6.3%, PAK 4.4%, KOR 3.4%). Policy: stockpile, substitute the input, or invest in allied/domestic production.
Heating apparatus: electric soil heating apparatus and space heating apparatus (excluding storage heating radiators)(851629): you import 100.0% from Unknown. STRUCTURAL Structural scarcity, world export HHI 0.31. Switching suppliers will not fix this; the world itself is concentrated (top alternatives: CHN 54.4%, DEU 5.5%, MYS 5.5%, CAN 2.9%). Policy: stockpile, substitute the input, or invest in allied/domestic production.
Equipment for outdoor games and recreation n.e.s. in heading no. 9506(950699): you import 71.1% from Unknown. STRUCTURAL Structural scarcity, world export HHI 0.27. Switching suppliers will not fix this; the world itself is concentrated (top alternatives: CHN 51.0%, USA 4.8%, DEU 3.8%, CZE 3.6%). Policy: stockpile, substitute the input, or invest in allied/domestic production.
Data processing machines: portable, digital and automatic, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display(847130): you import 100.0% from Unknown. UNKNOWN World concentration unavailable for this product code.
Vaccines: for human medicine(300220): you import 100.0% from Unknown. MODERATE Moderate, world HHI 0.16; some concentration. Alternatives: BEL 28.6%, IRL 19.7%, USA 13.2%, FRA 8.4%.
GeoDep 2022, world shares latest BACI year, Pink Sheet 2026M04. No real-time signal is implied.
where Saint Pierre and Miquelon is exposed
Tricycles, scooters, pedal cars and similar wheeled toys: dolls' carriages: dolls: other toys: reduced-size (scale) models and similar recreational models, working or not: puzzles of all kinds (950300): imports 98% from European Union (EU27). Ranked by import dependency (GeoDep 2022). Single-supplier concentration is the exposure.
Chandeliers and other electric ceiling or wall light fittings: excluding those used for lighting public open spaces or thoroughfares (940510): imports 100% from European Union (EU27). Ranked by import dependency (GeoDep 2022). Single-supplier concentration is the exposure.
Telephones for cellular networks or for other wireless networks (851712): imports 100% from European Union (EU27). Ranked by import dependency (GeoDep 2022). Single-supplier concentration is the exposure.
Manicure or pedicure sets and instruments: (including nail files) (821420): imports 100% from European Union (EU27). Ranked by import dependency (GeoDep 2022). Single-supplier concentration is the exposure.
Heating apparatus: electric soil heating apparatus and space heating apparatus (excluding storage heating radiators) (851629): imports 100% from European Union (EU27). Ranked by import dependency (GeoDep 2022). Single-supplier concentration is the exposure.
where Saint Pierre and Miquelon could grow
Instruments, appliances and machines: for measuring or checking n.e.s. in chapter 90 (903180): proximity 0.03 to current capabilities, complexity PCI +2.69, world market $29.0bn. Ranked by density × complexity (product space 2024). See product →
Navigational instruments and appliances: for navigation other than aeronautical or space navigation (excluding direction finding compasses) (901480): proximity 0.03 to current capabilities, complexity PCI +2.69, world market $2.5bn. Ranked by density × complexity (product space 2024). See product →
Instruments, appliances and machines: parts and accessories for those measuring or checking devices of heading no. 9031 (903190): proximity 0.02 to current capabilities, complexity PCI +3.72, world market $10.4bn. Ranked by density × complexity (product space 2024). See product →
Photographic plates and film: instant print film, in the flat, sensitised, unexposed, whether or not in packs (370120): proximity 0.01 to current capabilities, complexity PCI +4.70, world market $529.1m. Ranked by density × complexity (product space 2024). See product →
Microtomes and parts and accessories thereof (902790): proximity 0.02 to current capabilities, complexity PCI +3.15, world market $14.1bn. Ranked by density × complexity (product space 2024). See product →