HS Icon Refined Petroleum in  Flag Grenada

2020
Exports | Imports
: $17.8k | $49.4M, World Rnk 191 / 212
Flag Rnk 89 / 398 | World Rnk 176 / 224
Flag Rnk 1 / 1009

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $8.57k | $1.4M, Trinidad and Tobago |  France


PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.99, Rnk 835 / 1028

Exports In 2020, Grenada exported $17.8k in Refined Petroleum, making it the 191st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 89th most exported product in Grenada. The main destination of Refined Petroleum exports from Grenada are: Trinidad and Tobago ($14.8k), Barbados ($2.98k), and United States ($5).

The fastest growing export markets for Refined Petroleum of Grenada between 2019 and 2020 were Trinidad and Tobago ($8.57k) and Barbados ($2.88k).

Imports In 2020, Grenada imported $49.4M in Refined Petroleum, becoming the 176th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Grenada. Grenada imports Refined Petroleum primarily from: Cayman Islands ($24.5M), Trinidad and Tobago ($18.8M), United States ($4.2M), France ($1.4M), and Jamaica ($219k).

The fastest growing import markets in Refined Petroleum for Grenada between 2019 and 2020 were France ($1.4M), Panama ($40.1k), and Madagascar ($31.1k).

Tariffs In 2019, the average tariff for Grenada in Refined Petroleum was 10.9%. The countries with the highest import tariffs for Refined Petroleum were Angola (Most Favoured Nation duty rate treatement, 11.5%), Burundi (Most Favoured Nation duty rate treatement, 11.5%), Benin (Most Favoured Nation duty rate treatement, 11.5%), Burkina Faso (Most Favoured Nation duty rate treatement, 11.5%), and Botswana (Most Favoured Nation duty rate treatement, 11.5%).

Subnational Monthly Trade

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $17.8k

IMPORTS (2020): $49.4M

NET TRADE (2020): -$49.4M

In 2020, Grenada exported $17.8k in Refined Petroleum. The main destinations of Grenada exports on Refined Petroleum were Trinidad and Tobago ($14.8k), Barbados ($2.98k), and United States ($5).

In 2020, Grenada imported $49.4M in Refined Petroleum, mainly from Cayman Islands ($24.5M), Trinidad and Tobago ($18.8M), United States ($4.2M), France ($1.4M), and Jamaica ($219k).

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IN 2020, Grenada HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

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THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Grenada WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Grenada WERE (2019 - 2020):

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Market Concentration

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In 2019, Grenada's main exporting competitors in Refined Petroleum were:

In 2019, Grenada's main importing competitors in Refined Petroleum were:

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