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2023
Flag → Flag
Exports $2.21MRnk 136 / 142
2023
Flag → Flag
Top Product $1.7MCars
2023
Flag → Flag
Exports $22.7kRnk 201 / 0
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 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 $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC$11,246CURRENT US$
Rnk 86 / 196
2013-2023
Flag
GDP PC GROWTH51.5%CURRENT US$
Rnk 46 / 195

About

South Korea-Grenada Trade: In 2023, 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 5.54%, from $2.94M in 2018 to $2.21M in 2023.

In 2023, South Korea did not export any services to Grenada.

Grenada-South Korea Trade: In 2023, 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 2018 to $22.7k in 2023.

In 2023, Grenada did not export any services to South Korea.

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

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $456k and imported $0 from Grenada, resulting in a positive trade balance of $456k. Between December 2023 and December 2024 the exports of South Korea have decreased by $-286k (-38.5%) from $742k to $456k, while imports decreased by $-11k (-100%) from $11k to $0.

Trade In December 2024, the top exports of South Korea to Grenada were Cars, tractors, trucks & parts thereof. ($378k), Pharmaceutical products ($2k), Chemical products n.e.s. ($1k), Wadding, felt, nonwovens, twin, ropes, &... ($1k), and Perfumery & cosmetics ($0). In December 2024 the top imports of South Korea from Grenada were Pharmaceutical products ($0), Perfumery & cosmetics ($0), Chemical products n.e.s. ($0), Wadding, felt, nonwovens, twin, ropes, &... ($0), and Cars, tractors, trucks & parts thereof. ($0).

Growth In December 2024, the decrease in South Korea's year-by-year exports to Grenada was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-194k or -33.9%). In December 2024, the decrease in South Korea's year-by-year imports  from Grenada was explained primarily by an decrease in product imports  in N/A.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-286k(-38.5%)
IMPORT GROWTH (December 2023 - December 2024)$-11k(-100%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 5.54%, from $2.94M in 2018 to $2.21M in 2023.

In 2017, Grenada exported $22.7k to South Korea. There were not main exports from Grenada to South Korea in 2017. 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 2022 to $22.7k in 2017.

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

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

Market Competitiveness

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

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

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).

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

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 2023, South Korea had a large net trade with Grenada in the exports of Transportation ($1.76M), Textiles ($126k), and Metals ($111k).

During 2017, Grenada had a large net trade with South Korea in the exports of .

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) (2023)

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