A larger oil port and foreign small industry together
with the tourism industry and agriculture constitute the
island's economic backbone. According to
countryaah, Bananas are the main selling
product of agriculture (bananas replaced sugar in the
1920s). Otherwise, coconuts, mangoes, citrus fruits, cocoa
and spices are grown for export. Increased competition for
bananas in the European market has increased the need for
differentiation of agriculture and business.
The development of the tourism industry has contributed
to a large service sector. The tourism industry is very
important for the country's economy. The tourism industry is
Bananas exported to the UK are the main export goods.
Next comes the confectionery and stationery. Main import
goods are foodstuffs, basic factory products, machinery and
transport equipment, fuels and chemicals. The main trading
countries are the United Kingdom and the United States, as
well as the other member countries of Caricom, especially
Trinidad and Tobago.
Transport and Communications
There is no railway on the island. There is a main road
connection between all cities and villages. Main port cities
are Castries and Vieux Fort. Petroleum terminal at Cul de
Sac Bay, south of Castries. Two airports.