Grenada (GRD) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Grenada-South Korea Trade: In 2022, Grenada exported $21.2k to South Korea. The main products that Grenada exported to South Korea were Scrap Iron ($8.2k), Electrical Power Accessories ($3.89k), and Non-Knit Men's Coats ($2.78k). Over the past 5 years the exports of Grenada to South Korea have increased at an annualized rate of 29.5%, from $5.81k in 2017 to $21.2k in 2022.

In 2022, Grenada did not export any services to South Korea.

South Korea-Grenada In N/A, South Korea did not export any products to Grenada.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Grenada exported $21.2k to South Korea. The main products exported from Grenada to South Korea were Scrap Iron ($8.2k), Electrical Power Accessories ($3.89k), and Non-Knit Men's Coats ($2.78k). During the last 5 years the exports of Grenada to South Korea have increased at an annualized rate of 29.5%, from $5.81k in 2017 to $21.2k in 2022.

South Korea does not register exports to Grenada. The main products exported from South Korea to Grenada were Cars ($1.35M), Coated Flat-Rolled Iron ($655k), and Vaccines, blood, antisera, toxins and cultures ($253k).

Exports from Grenada () to South Korea () (2022)

Exports from South Korea () to Grenada () (2022)

Latest Data

Trade between Grenada () and South Korea ()

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Grenada
Top DestinationUnited States$10.5M

South Korea
Top DestinationChina$150B

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

In 2022, countries that imported more from Grenada than South Korea included North Korea ($708).

In 2022, countries that imported more from South Korea than Grenada included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and Grenada () (2022)

Comparative Advantage Grenada - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Grenada had a large net trade with South Korea in the exports of Metals ($8.2k), Machines ($6.95k), and Textiles ($5.07k).

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 South Korea. This means that a dot/product with the flag of Grenada indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Grenada.

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Historical Data

Bilateral Trade by Products

Exports from Grenada () to South Korea () (2022)

Exports from South Korea () to Grenada () (2022)

Latest Data

Trade between Grenada () and South Korea ()

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Grenada () (2022)

Comparative Advantage Grenada - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Grenada () and South Korea () (2022)

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