top of page

Saint Kitts and Nevis

US Revised Tariffs (%)

10

Ease of doing business

theboardiQ Tariffs Dashboard:

Powering Mutually Beneficial Global Trade.

 

Understand the complexities of international tariffs and ease of doing business across nations to cultivate balanced trade relationships, streamline operations, and deliver cost savings to end consumers.

david-whipple-mU-wz7JlJMc-unsplash_Ravid.jpg
Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
8.8
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.16
0.02
0.14

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Trade.Gov Fact Sheet

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of Sunday, April 20, 2025, here's an update on tariffs related to Saint Kitts and Nevis: Value Added Tax (VAT): A significant recent development is the reduction of the standard VAT rate from 17% to 13% for a six-month period, from January 1, 2025, to June 30, 2025.   This VAT reduction applies to most goods and services that were previously taxed at the standard rate.   The reduced rate aims to ease financial burdens on citizens and promote economic stability by lowering costs.   The 10% reduced VAT rate for commercial rentals, accommodation services, and restaurant supplies remains unchanged.   Import Duties and Taxes (General): Saint Kitts and Nevis generally uses the CIF (Cost, Insurance, and Freight) method to calculate import duties and taxes. This means duties and taxes are based on the value of the imported goods plus shipping and insurance costs.   In addition to VAT (currently 13% for most goods), other charges typically include: Import Duty: Rates vary depending on the type of goods. Historical data from 2020 indicates a weighted mean tariff rate of around 8.84% for all products, but specific rates for different categories will vary. Some sources suggest duties can be up to 20%.   Customs Service Charge: One source indicates a 12% Customs Service Charge. Environmental Levy: This applies to imported vehicles and varies based on the vehicle's age, ranging from EC$1,000 to EC$5,000. Specific Goods: Vehicles: Importing vehicles is subject to the Customs Service Charge and the Environmental Levy. Returning nationals may qualify for duty-free concessions on one vehicle per family under specific conditions (ownership for at least six months prior, valid driver's license, etc.).   Electronics: Based on available information, mobile phones, tablets, computers, laptops, and cameras may face import duties around 20%. Jewelry: One source indicates a 30% duty on jewelry. Food and Supplements: Dry food and supplements might have a duty of around 20%. Trade Relationship with the United States: Recently, the United States imposed a 10% tariff on imports from Saint Kitts and Nevis.   The Prime Minister of Saint Kitts and Nevis has strongly objected to this, highlighting the significant trade deficit the nation has with the U.S. and arguing that these tariffs will increase the cost of living.   Saint Kitts and Nevis is a beneficiary of the U.S. Caribbean Basin Initiative (CBI), which generally grants duty-free entry for many goods. The imposition of this 10% tariff appears to be a recent development impacting this preferential treatment.   Trade Agreements: Saint Kitts and Nevis is a member of the Caribbean Community and Common Market (CARICOM), which aims to promote economic integration among its member states. This provides preferential access to the CARICOM market.   It is also part of the OECS Economic Union, establishing a single financial and economic space with other Eastern Caribbean States.   Saint Kitts and Nevis is a signatory to the CARIFORUM-EU Economic Partnership Agreement (EPA), which aims to promote trade and development between the Caribbean Forum and the European Union.   There is a Trade and Investment Framework Agreement (TIFA) between CARICOM and the United States.   Saint Kitts and Nevis does not have a Bilateral Investment Treaty with the United States but does have a Double Taxation Agreement related to social security benefits.   Key Points to Note: The VAT reduction is a temporary measure for the first half of 2025.   The new 10% tariff imposed by the U.S. is a significant recent development that Saint Kitts and Nevis is actively contesting.   Specific import duty rates vary considerably depending on the type of goods. Consulting the official customs authority of Saint Kitts and Nevis or using a customs duty calculator specific to the country is recommended for accurate calculations. It's advisable to check the official website of the Saint Kitts and Nevis Customs and Excise Department for the most up-to-date and specific tariff rates and regulations.

US Negotiation Strategy

Based on available trade data for 2024, the top imports to the US from Saint Kitts and Nevis appear to be in the following categories: Prepared or preserved fish; caviar and caviar substitutes (Value: $8.20 Million) Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified... (Value: $3.75 Million) Medicaments (excluding goods of heading 3002, 3005 or 3006)... Put up in measured doses... (Value: $0.52 Million) Electrical, electronic equipment (Value: $7.36 Million - This appears to be a significant category based on other data points) Optical, photo, technical, medical apparatus (Value: $5.44 Million) It's important to note that trade statistics can vary slightly depending on the source and the specific Harmonized System (HS) codes included in each category. Here's a look at which states in the US can manufacture similar products, along with some example companies: Prepared or preserved fish: Alaska: Numerous companies involved in seafood processing and canning, such as Trident Seafoods and Peter Pan Seafoods. Washington: Similar to Alaska, with a strong seafood processing industry, including companies like Icicle Seafoods. Maine: Focuses on lobster, but also processes other fish; companies include Luke's Lobster. Massachusetts: Has a historical fishing and seafood processing industry, with companies like Legal Sea Foods (also restaurants). Petroleum oils and related preparations: Texas: The leading state in crude oil refining and production; major companies include ExxonMobil, Chevron, and Valero Energy. Louisiana: Another significant hub for oil refining and petrochemical production; companies like Marathon Petroleum and Shell have large facilities. California: Has substantial oil refining capacity; companies include PBF Energy and Phillips 66. Medicaments (Pharmaceuticals): Indiana: Has a strong pharmaceutical manufacturing sector; companies include Eli Lilly and Company and Roche Diagnostics. North Carolina: Another significant hub for pharmaceutical production; companies like GlaxoSmithKline (GSK) and Pfizer have facilities. Pennsylvania: Has a well-established pharmaceutical industry; companies include Merck and Johnson & Johnson. Other states with notable pharmaceutical manufacturing include New Jersey, Illinois, Kentucky, and Tennessee. Electrical, electronic equipment: California: A major center for technology and electronics manufacturing, especially in Silicon Valley; companies include Apple, Intel, and Tesla (which manufactures electric vehicle components). Texas: Has a growing technology and electronics manufacturing sector; companies like Dell and Texas Instruments have a significant presence. Massachusetts: Strong in electronics and high-tech manufacturing; companies include Analog Devices and Raytheon Technologies. Optical, photo, technical, medical apparatus: Massachusetts: A hub for medical device manufacturing and research; companies include Boston Scientific and Medtronic. California: Strong in medical devices and biotechnology; companies include Abbott and Johnson & Johnson (medical devices sector). Minnesota: Known as "Medical Alley" due to its concentration of medical device companies like Medtronic and 3M Health Care. It's important to understand that while these US states have the capacity to manufacture similar types of products, the specific kinds and quantities may differ from what is imported from Saint Kitts and Nevis. Additionally, global supply chains often involve components and sub-assemblies being produced in various countries before final assembly.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

theboardiQ Logo

Economic
Relevance
Ranking

Get Great Talent. Subscribe.

Thanks for subscribing!

265 Garnet Dr 

Livermore, CA 94550

  • Youtube
  • LinkedIn
  • X
  • Facebook
bottom of page