diff --git a/aea/helpers/env_vars.py b/aea/helpers/env_vars.py
index da067c76eb..326d2bab46 100644
--- a/aea/helpers/env_vars.py
+++ b/aea/helpers/env_vars.py
@@ -1,7 +1,7 @@
 # -*- coding: utf-8 -*-
 # ------------------------------------------------------------------------------
 #
-#   Copyright 2022 Valory AG
+#   Copyright 2022-2023 Valory AG
 #   Copyright 2018-2019 Fetch.AI Limited
 #
 #   Licensed under the Apache License, Version 2.0 (the "License");
@@ -50,6 +50,29 @@ def export_path_to_env_var_string(export_path: List[str]) -> str:
 NotSet = object()
 
 
+def parse_list(var_prefix: str, env_variables: dict) -> str:
+    """Parse list object."""
+    values = {}
+    _vars = list(filter(lambda x: x.startswith(var_prefix), env_variables.keys()))
+    for var in _vars:
+        _, idx, *sub_var = var.replace(var_prefix, "").split("_")
+        if len(sub_var) > 0:
+            values[idx] = json.loads(
+                parse_list(
+                    var_prefix=f"{var_prefix}_{idx}",
+                    env_variables=env_variables,
+                )
+            )
+            continue
+        try:
+            values[idx] = json.loads(str(env_variables[var]))
+        except (json.JSONDecodeError, ValueError):
+            values[idx] = env_variables[var]
+    if all(map(lambda x: isinstance(json.loads(x), int), values.keys())):
+        return json.dumps([values[idx] for idx in sorted(values)])
+    return json.dumps({json.loads(key): val for key, val in values.items()})
+
+
 def replace_with_env_var(
     value: str,
     env_variables: dict,
@@ -68,6 +91,11 @@ def replace_with_env_var(
 
     if var_name in env_variables:
         var_value = env_variables[var_name]
+    elif type_str == "list":
+        var_value = parse_list(
+            var_prefix=var_name,
+            env_variables=env_variables,
+        )
     elif default is not None:
         var_value = default
     elif default_value is not NotSet:
@@ -233,7 +261,7 @@ def generate_env_vars_recursively(
         if is_strict_list(data=data):
             env_var_dict[
                 export_path_to_env_var_string(export_path=export_path)
-            ] = json.dumps(data)
+            ] = json.dumps(data, separators=(",", ":"))
         else:
             for key, value in enumerate(data):
                 env_var_dict.update(
diff --git a/docs/api/helpers/env_vars.md b/docs/api/helpers/env_vars.md
index dc6719f7b9..d34e6adb8e 100644
--- a/docs/api/helpers/env_vars.md
+++ b/docs/api/helpers/env_vars.md
@@ -24,6 +24,16 @@ def export_path_to_env_var_string(export_path: List[str]) -> str
 
 Conver export path to environment variable string.
 
+<a id="aea.helpers.env_vars.parse_list"></a>
+
+#### parse`_`list
+
+```python
+def parse_list(var_prefix: str, env_variables: dict) -> str
+```
+
+Parse list object.
+
 <a id="aea.helpers.env_vars.replace_with_env_var"></a>
 
 #### replace`_`with`_`env`_`var
diff --git a/tests/test_helpers/test_env_vars.py b/tests/test_helpers/test_env_vars.py
index cdd5369f27..4a9350b8e2 100644
--- a/tests/test_helpers/test_env_vars.py
+++ b/tests/test_helpers/test_env_vars.py
@@ -1,7 +1,7 @@
 # -*- coding: utf-8 -*-
 # ------------------------------------------------------------------------------
 #
-#   Copyright 2022 Valory AG
+#   Copyright 2022-2023 Valory AG
 #   Copyright 2018-2019 Fetch.AI Limited
 #
 #   Licensed under the Apache License, Version 2.0 (the "License");
@@ -184,6 +184,33 @@ def test_env_var_string_generator(export_path: List[str], var_string: str) -> No
                 ]
             },
         ),
+        (
+            {
+                "stratagies_kwargs": [
+                    ["bet_kelly_fraction", 0.25],
+                    ["floor_balance", 500000000000000000],
+                    [
+                        "bet_amount_per_threshold",
+                        {
+                            "0.0": 0,
+                            "0.1": 0,
+                            "0.2": 0,
+                            "0.3": 0,
+                            "0.4": 0,
+                            "0.5": 0,
+                            "0.6": 60000000000000000,
+                            "0.7": 90000000000000000,
+                            "0.8": 100000000000000000,
+                            "0.9": 1000000000000000000,
+                            "1.0": 10000000000000000000,
+                        },
+                    ],
+                ],
+            },
+            {
+                "stratagies_kwargs": "${list:[]}",
+            },
+        ),
     ],
 )
 def test_match_export_parse_consistency(export_data, template) -> None: