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Pricing

2022
Flag → Flag
Exports $2.99MRnk 192 / 220
2022
Flag → Flag
Top Product $1.35MCars
2022
Flag → Flag
Exports $21.2kRnk 51 / 94
2022
Flag → Flag
Top Product $8.2kScrap Iron
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$1.26BCURRENT US$
Rnk 173 / 186
2012-2022
Flag
GDP GROWTH57.1%CURRENT US$
Rnk 43 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$10,016CURRENT US$
Rnk 78 / 186
2012-2022
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GDP PC GROWTH45.1%CURRENT US$
Rnk 41 / 186

About

South Korea-Grenada Trade: In 2022, South Korea exported $2.99M to Grenada. The main products that South Korea exported to Grenada were Cars ($1.35M), Coated Flat-Rolled Iron ($655k), and Vaccines, blood, antisera, toxins and cultures ($253k). Over the past 5 years the exports of South Korea to Grenada have increased at an annualized rate of 1.65%, from $2.75M in 2017 to $2.99M in 2022.

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

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.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, Grenada ranked 206 in total exports ($31.9M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $336k and imported $2k from Grenada, resulting in a positive trade balance of $334k. Between October 2023 and October 2024 the exports of South Korea have increased by $148k (78.7%) from $188k to $336k, while imports increased by $2k (N/A%) from $0 to $2k.

Trade In October 2024, the top exports of South Korea to Grenada were Cars, tractors, trucks & parts thereof. ($572k), Iron & steel ($81k), Machinery, mechanical appliances, & parts ($3k), and Perfumery & cosmetics ($0). In October 2024 the top imports of South Korea from Grenada were Iron & steel ($6k), Perfumery & cosmetics ($0), Machinery, mechanical appliances, & parts ($0), and Cars, tractors, trucks & parts thereof. ($0).

Growth In October 2024, the increase in South Korea's year-by-year exports to Grenada was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($477k or 502%). In October 2024, the increase in South Korea'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)$148k(78.7%)
IMPORT GROWTH (October 2023 - October 2024)$2k(N/A%)

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

To check Grenada and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Grenada and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $2.99M 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). During the last 5 years the exports of South Korea to Grenada have increased at an annualized rate of 1.65%, from $2.75M in 2017 to $2.99M in 2022.

In 2017, 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 2022 to $21.2k in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Grenada
Top DestinationUnited States$10.5M

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

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

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

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

Comparative Advantage South Korea - Grenada

Flow
Scale

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

During 2022, South Korea had a large net trade with Grenada in the exports of Transportation ($1.48M), Metals ($694k), and Chemical Products ($275k).

During 2017, Grenada had a large net trade with South Korea in the exports of Metals ($8.2k), Machines ($6.95k), and Textiles ($5.07k).

Economic Complexity

Competitive Landscape

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

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

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