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2022
Flag → Flag
Exports $22.7kRnk 143 / 0
2022
Flag → Flag
Exports $2.21MRnk 136 / 142
2022
Flag → Flag
Top Product $1.7MCars
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.32BCURRENT US$
Rnk 183 / 195
2013-2023
Flag
GDP GROWTH56.3%CURRENT US$
Rnk 61 / 195
2023
Flag
 GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC $11,246CURRENT US$
Rnk 86 / 195
2013-2023
Flag
GDP PC GROWTH51.5%CURRENT US$
Rnk 46 / 195
2023
Flag
GDP PC$33,121CURRENT US$
Rnk 41 / 196
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195

About

Grenada-South Korea Trade: In 2022, Grenada exported $22.7k to South Korea. The main products that Grenada exported to South Korea were N/A. Over the past 5 years the exports of Grenada to South Korea have increased at an annualized rate of 30.3%, from $6.05k in 2017 to $22.7k in 2022.

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

South Korea-Grenada Trade: In 2022, South Korea exported $2.21M to Grenada. The main products that South Korea exported to Grenada were Cars ($1.7M), Fishing and Hunting Equipment ($105k), and Electric Batteries ($75.8k). Over the past 5 years the exports of South Korea to Grenada have decreased at an annualized rate of 2.81%,  from $2.94M in 2017 to $2.21M in 2022.

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

Comparison In 2023,  Grenada ranked 201 in total exports ($58.3M), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Grenada exported $22.7k to South Korea. There were not main exports from Grenada to South Korea in 2022. During the last 5 years the exports of Grenada to South Korea have increased at an annualized rate of 30.3%, from $6.05k in 2017 to $22.7k in 2022.

In 2018, South Korea exported $2.21M to Grenada. The main products exported from South Korea to Grenada were Cars ($1.7M), Fishing and Hunting Equipment ($105k), and Electric Batteries ($75.8k). During the last 5 years the exports of South Korea to Grenada have decreased at an annualized rate of 2.81%, from $2.94M in 2023 to $2.21M in 2018.

Exports from Grenada (Flag) to South Korea (Flag) (2023)

Exports from South Korea (Flag) to Grenada (Flag) (2023)

Latest Data

Trade between Grenada (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
Grenada
Top DestinationUnited States$13.8M
South Korea
Top DestinationChina$162B

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 2023, countries that imported more from Grenada than South Korea included Saint Vincent and the Grenadines ($4.67M), Trinidad and Tobago ($3.15M), and Dominica ($3.53M).

In 2023, countries that imported more from South Korea than Grenada included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea (Flag) and Grenada (Flag) (2023)

Comparative Advantage Grenada - South Korea

Flow
Scale

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 .

During 2018, South Korea had a large net trade with Grenada in the exports of Transportation ($1.76M), Textiles ($126k), and Metals ($111k).

Economic Complexity

Competitive Landscape

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.

Product Space of Grenada (Flag) and South Korea (Flag) (2023)

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