Grenada (GRD) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Grenada-Italy Trade: In 2022, Grenada exported $776k to Italy. The main products that Grenada exported to Italy were Nutmeg, mace and cardamons ($743k), Textile Processing Machines ($17.6k), and Cocoa Beans ($14.2k). Over the past 5 years the exports of Grenada to Italy have increased at an annualized rate of 45.1%, from $120k in 2017 to $776k in 2022.

In 2022, Grenada did not export any services to Italy.

Italy-Grenada Trade: In 2022, Italy exported $3.01M to Grenada. The main products that Italy exported to Grenada were Refrigerators ($377k), Insulated Wire ($311k), and Wine ($262k). Over the past 5 years the exports of Italy to Grenada have decreased at an annualized rate of 3.87%, from $3.67M in 2017 to $3.01M in 2022.

In 2022, Italy did not export any services to Grenada.

Comparison In 2022, Grenada ranked 206 in total exports ($31.9M), and does not have data regarding Economic Complexity Index. That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Grenada exported $776k to Italy. The main products exported from Grenada to Italy were Nutmeg, mace and cardamons ($743k), Textile Processing Machines ($17.6k), and Cocoa Beans ($14.2k). During the last 5 years the exports of Grenada to Italy have increased at an annualized rate of 45.1%, from $120k in 2017 to $776k in 2022.

In 2017, Italy exported $3.01M to Grenada. The main products exported from Italy to Grenada were Refrigerators ($377k), Insulated Wire ($311k), and Wine ($262k). During the last 5 years the exports of Italy to Grenada have decreased at an annualized rate of 3.87%, from $3.67M in 2022 to $3.01M in 2017.

Exports from Grenada () to Italy () (2022)

Exports from Italy () to Grenada () (2022)

Latest Data

Trade between Grenada () and Italy ()

Grenada Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Grenada
Top DestinationUnited States$10.5M

Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Grenada than Italy included Montserrat ($169k).

In 2022, countries that imported more from Italy than Grenada included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

Difference in imports from Italy () and Grenada () (2022)

Comparative Advantage Grenada - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Grenada had a large net trade with Italy in the exports of Vegetable Products ($743k), Machines ($18.5k), and Foodstuffs ($14.2k).

During 2017, Italy had a large net trade with Grenada in the exports of Machines ($1.55M), Foodstuffs ($458k), and Metals ($211k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Grenada () to Italy () (2022)

Exports from Italy () to Grenada () (2022)

Latest Data

Trade between Grenada () and Italy ()

Grenada Exports

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Grenada () (2022)

Comparative Advantage Grenada - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Grenada () and Italy () (2022)

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