St. Lucia - Merchandise imports (current US$)

The value for Merchandise imports (current US$) in St. Lucia was 505,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 697,000,000 in 2011 and a minimum value of 7,000,000 in 1960.

Definition: Merchandise imports show the c.i.f. value of goods received from the rest of the world valued in current U.S. dollars.

Source: World Trade Organization.

See also:

Year Value
1960 7,000,000
1961 8,000,000
1962 10,000,000
1963 10,000,000
1964 12,000,000
1965 13,000,000
1966 17,000,000
1967 17,000,000
1968 15,000,000
1969 21,000,000
1970 27,000,000
1971 35,000,000
1972 36,000,000
1973 38,000,000
1974 44,000,000
1975 46,000,000
1976 48,000,000
1977 59,000,000
1978 83,000,000
1979 101,000,000
1980 124,000,000
1981 129,000,000
1982 118,000,000
1983 144,000,000
1984 119,000,000
1985 125,000,000
1986 155,000,000
1987 179,000,000
1988 220,000,000
1989 274,000,000
1990 271,000,000
1991 295,000,000
1992 313,000,000
1993 300,000,000
1994 303,000,000
1995 307,000,000
1996 313,000,000
1997 332,000,000
1998 328,000,000
1999 355,000,000
2000 355,000,000
2001 355,000,000
2002 309,000,000
2003 403,000,000
2004 422,000,000
2005 486,000,000
2006 592,000,000
2007 614,000,000
2008 656,000,000
2009 520,000,000
2010 662,000,000
2011 697,000,000
2012 644,000,000
2013 620,000,000
2014 627,000,000
2015 570,000,000
2016 655,000,000
2017 655,000,000
2018 659,000,000
2019 598,000,000
2020 505,000,000

Limitations and Exceptions: The value of imports is generally recorded as the cost of the goods when purchased by the importer plus the cost of transport and insurance to the frontier of the importing country - the cost, insurance, and freight (c.i.f.) value, corresponding to the landed cost at the point of entry of foreign goods into the country. A few countries collect import data on a free on board (f.o.b.) basis and adjust them for freight and insurance costs. Countries may report trade according to the general or special system of trade. Under the general system imports include goods imported for domestic consumption and imports into bonded warehouses and free trade zones. Under the special system imports comprise goods imported for domestic consumption (including transformation and repair) and withdrawals for domestic consumption from bonded warehouses and free trade zones. Goods transported through a country en route to another are excluded. Data on imports of goods are derived from the same sources as data on exports. In principle, world exports and imports should be identical. Similarly, exports from an economy should equal the sum of imports by the rest of the world from that economy. But differences in timing and definitions result in discrepancies in reported values at all levels.

Statistical Concept and Methodology: Merchandise trade data are from customs reports of goods moving into or out of an economy or from reports of financial transactions related to merchandise trade recorded in the balance of payments. Because of differences in timing and definitions, trade flow estimates from customs reports and balance of payments may differ. Several international agencies process trade data, each correcting unreported or misreported data, leading to other differences. The data on total imports of goods (merchandise) are from the World Trade Organization (WTO), which obtains data from national statistical offices and the IMF's International Financial Statistics, supplemented by the Comtrade database and publications or databases of regional organizations, specialized agencies, economic groups, and private sources (such as Eurostat, the Food and Agriculture Organization, and country reports of the Economist Intelligence Unit). Country websites and email contact have improved collection of up-to-date statistics, reducing the proportion of estimates. The WTO database now covers most major traders in Africa, Asia, and Latin America, which together with high-income countries account for nearly 95 percent of world trade. Reliability of data for countries in Europe and Central Asia has also improved.

Aggregation method: Gap-filled total

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports