A larger oil port and foreign small industry together with the tourism industry and agriculture constitute the island’s economic backbone. 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 growing steadily.
According to Countryaah, 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.