Country intelligence · MSR · 2024

Montserrat trade profile

In 2024, Montserrat recorded $12.8M in merchandise exports and $35.0M in imports, producing a $22.2M trade deficit. Exports changed +85.0% from the previous year, while imports changed -0.7%.[1]

Exports

$12.8M

+85.0%

Imports

$35.0M

-0.7%

Trade balance

-$22.2M

deficit

Active partners

270

42 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$12.8M$35.0M-$22.2M+85.0%
2023$6.9M$35.3M-$28.3M-11.7%
2022$7.8M$29.7M-$21.8M-48.0%
2021$15.1M$27.2M-$12.1M+67.5%
2020$9.0M$25.2M-$16.2M+8.2%
2019$8.3M$27.5M-$19.2M+3.6%
2018$8.0M$36.7M-$28.7M-61.0%
2017$20.6M$26.2M-$5.6M+309.1%
2016$5.0M$44.3M-$39.3M-11.0%
2015$5.7M$22.4M-$16.8M+43.0%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 84 · Machinery

450 active HS6 lines · 29 export partners

$4.2M
2

HS 85 · Electrical machinery

238 active HS6 lines · 34 export partners

$3.5M
3

HS 25 · HS chapter

26 active HS6 lines · 6 export partners

$3.5M
4

HS 90 · HS chapter

101 active HS6 lines · 23 export partners

$377.0K
5

HS 62 · HS chapter

99 active HS6 lines · 17 export partners

$258.2K
6

HS 24 · HS chapter

4 active HS6 lines · 1 export partners

$140.7K
7

HS 08 · HS chapter

51 active HS6 lines · 4 export partners

$121.3K
8

HS 87 · Vehicles

64 active HS6 lines · 12 export partners

$102.4K

Leading export markets

Destinations rank bilateral export flows from Montserrat; growth describes each corridor rather than the whole economy.

1

United States

Annual change +263.8% · 3-year CAGR 44.4%

$5.4M
2

United Kingdom

Annual change +458.3% · 3-year CAGR 296.8%

$2.9M
3

Antigua and Barbuda

Annual change +49.3% · 3-year CAGR -13.3%

$1.5M
4

France

Annual change +45.6% · 3-year CAGR -8.6%

$1.3M
5

Suriname

Annual change +13611.2% · 3-year CAGR 73.5%

$289.9K
6

Guyana

Annual change -80.6% · 3-year CAGR 600.2%

$212.0K
7

Slovenia

Annual change +61224.9% · 3-year CAGR 383.4%

$184.8K
8

Barbados

Annual change +386.4% · 3-year CAGR 20.3%

$160.7K

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.