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2023
Flag → Flag
Exports $2.01MRnk 185 / 220
2023
Flag → Flag
Top Product $483kHot-Rolled Iron
2023
Flag → Flag
Exports $10.2kRnk 61 / 96
2023
Flag → Flag
Top Product $9.47kCocoa Beans
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$1.32BCURRENT US$
Rnk 183 / 195
2013-2023
Flag
GDP GROWTH56.3%CURRENT US$
Rnk 61 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$11,246CURRENT US$
Rnk 86 / 196
2013-2023
Flag
GDP PC GROWTH51.5%CURRENT US$
Rnk 46 / 195

About

Belgium-Grenada Trade: In 2023, Belgium exported $2.01M to Grenada. The main products that Belgium exported to Grenada were Hot-Rolled Iron ($483k), Other Frozen Vegetables ($361k), and Coated Flat-Rolled Iron ($282k). Over the past 5 years the exports of Belgium to Grenada have increased at an annualized rate of 6.23%, from $1.49M in 2018 to $2.01M in 2023.

In 2023, Belgium did not export any services to Grenada.

Grenada-Belgium Trade: In 2023, Grenada exported $10.2k to Belgium. The main products that Grenada exported to Belgium were Cocoa Beans ($9.47k), Nutmeg, mace and cardamons ($332), and Sauces and Seasonings ($151). Over the past 5 years the exports of Grenada to Belgium have decreased at an annualized rate of 49.3%,  from $302k in 2018 to $10.2k in 2023.

In 2023, Grenada did not export any services to Belgium.

Comparison In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23),  and 13 in total exports ($437B). That same year, Grenada ranked 201 in total exports ($58.3M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €80.3k and imported €51 from Grenada, resulting in a positive trade balance of €80.3k. Between October 2023 and October 2024 the exports of Belgium have decreased by €-10.4k (-11.4%) from €90.7k to €80.3k, while imports increased by €51 (N/A%) from €0 to €51.

Trade In October 2024, the top exports of Belgium to Grenada were N/A. In October 2024 the top imports of Belgium from Grenada were .

Growth In October 2024, the decrease in Belgium's year-by-year exports to Grenada was explained primarily by an decrease in product exports in Rubber & articles thereof (€-3 or -100%). In October 2024, the increase in Belgium's year-by-year imports  from Grenada was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-10.4k(-11.4%)
IMPORT GROWTH (October 2023 - October 2024)€51(N/A%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Grenada and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Grenada and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $2.01M to Grenada. The main products exported from Belgium to Grenada were Hot-Rolled Iron ($483k), Other Frozen Vegetables ($361k), and Coated Flat-Rolled Iron ($282k). During the last 5 years the exports of Belgium to Grenada have increased at an annualized rate of 6.23%, from $1.49M in 2018 to $2.01M in 2023.

In 2018, Grenada exported $10.2k to Belgium. The main products exported from Grenada to Belgium were Cocoa Beans ($9.47k), Nutmeg, mace and cardamons ($332), and Sauces and Seasonings ($151). During the last 5 years the exports of Grenada to Belgium have decreased at an annualized rate of 49.3%, from $302k in 2023 to $10.2k in 2018.

Exports from Belgium (Flag) to Grenada (Flag) (2023)

Exports from Grenada (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Grenada
Top DestinationUnited States$13.8M

This map shows whether countries import more from Belgium or Grenada. Each country is colored based on the difference in imports they receive from Belgium and Grenada or the difference in the growth in imports.

In 2023, countries that imported more from Belgium than Grenada included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Grenada than Belgium included Antigua and Barbuda ($7.79M), Saint Vincent and the Grenadines ($4.67M), and Saint Kitts and Nevis ($2.83M).

Difference in imports from Grenada (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Grenada

Flow
Scale

This chart compares trade between Belgium and Grenada by product, considering products traded by both, Belgium and Grenada.

During 2023, Belgium had a large net trade with Grenada in the exports of Metals ($766k), Miscellaneous ($521k), and Foodstuffs ($421k).

During 2018, Grenada had a large net trade with Belgium in the exports of Foodstuffs ($9.62k), Vegetable Products ($332), and Mineral Products ($124).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Grenada. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Grenada. Similarly, a dot/product with the flag of Grenada indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Grenada (Flag) (2023)

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