Flag Grenada

Product Exports (2018): $36.5M, Rank 200 of 222

Exports Per Capita (2018): $327, Rank 207 of 219

Product Imports (2018): $200M, Rank 197 of 221

Imports Per Capita (2018): $1.79k, Rank 191 of 219

Service Exports (2017): $549M, Rank 118 of 139

Service Imports (2017): $231M, Rank 129 of 139

GDP (2018): $1.19B, CURRENT US$
Rank 180 of 196

GDP growth (2008 - 2018): 43.6%, CURRENT US$
Rank 92 of 196

GDP PC (2018): $10,640, CURRENT US$
Rank 71 of 196

GDP PC GROWTH (2008 - 2018): 35.9%, CURRENT US$
Rank 69 of 196

Overview: This page contains the latest international trade data for Grenada, including service trade data. In 2018 Grenada was the number 180 economy in the world in terms of GDP (current US$), the number 200 in total exports, and the number 197 in total imports. In 2018, Grenada exported $36.5M and imported $200M, resulting in a negative trade balance of -$163M. In 2018, Grenada's exports per capita were $327 and its imports per capita were $1.79k.

Trade: The top exports of Grenada are Nutmeg, mace and cardamons ($9.01M), Non-fillet Fresh Fish ($8.8M), Cocoa Beans ($2.85M), Other Fruits ($2.23M), and Delivery Trucks ($1.69M). The top imports of Grenada are Cars ($11.7M), Poultry Meat ($9.7M), Refined Petroleum ($5.89M), Other Furniture ($5.23M), and Other Edible Preparations ($4.72M).

Destinations: Grenada exports mostly to United States ($15.1M), Germany ($3.02M), Saint Vincent and the Grenadines ($2.48M), Ireland ($2.42M), and Netherlands ($2.36M), and imports mostly from United States ($72.2M), United Kingdom ($17.9M), China ($13.1M), Barbados ($11.3M), and Brazil ($8.97M).

Location: Grenada borders Saint Vincent and the Grenadines and Trinidad and Tobago by sea.

Yearly Exports

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Depth

Top Export (2018): Nutmeg, mace and cardamons, $9.01M

Top Destination (2018): United States, $15.1M

In 2018 Grenada exported a total of $36.5M, making it the number 200 exporter in the world. During the last five reported years the exports of Grenada have changed by -$4.43M from $40.9M in 2013 to $36.5M in 2018.

The most recent exports are led by Nutmeg, mace and cardamons ($9.01M), Non-fillet Fresh Fish ($8.8M), Cocoa Beans ($2.85M), Other Fruits ($2.23M), and Delivery Trucks ($1.69M). The most common destination for the exports of Grenada are United States ($15.1M), Germany ($3.02M), Saint Vincent and the Grenadines ($2.48M), Ireland ($2.42M), and Netherlands ($2.36M).

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Yearly Imports

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Top Import (2018): Cars, $11.7M

Top Origin (2018): United States, $72.2M

In 2018 Grenada imported $200M, making it the number 197 trade destination in the world. During the last five reported years the imports of Grenada changed by $37.4M from $162M in 2013 to $200M in 2018.

The most recent imports of Grenada are led by Cars ($11.7M), Poultry Meat ($9.7M), Refined Petroleum ($5.89M), Other Furniture ($5.23M), and Other Edible Preparations ($4.72M). The most common import partners for Grenada are United States ($72.2M), United Kingdom ($17.9M), China ($13.1M), Barbados ($11.3M), and Brazil ($8.97M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Grenada Exports Services (2017): $549M

Grenada Imports Services (2017): $231M

In 2017, Grenada exported $549M worth of services. The top services exported by Grenada in 2017 were Travel ($499M), Miscellaneous business, professional, and technical services ($15.2M), Air transport ($12.3M), Computer and information services ($9.06M), and Life insurance and pension funding ($4.59M).

The top services imported by Grenada in 2017 were Miscellaneous business, professional, and technical services ($86.9M), Sea transport ($42M), Financial services ($26.1M), Travel ($22.2M), and Air transport ($14.1M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Grenada. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Most Specialized Products by RCA Index

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Grenada has a high level of specialization in Nutmeg, mace and cardamons (5.61k), Other Paints (309), Non-fillet Fresh Fish (206), Wheat Flours (165), and Cocoa Beans (156). Specialization is measured using RCA, an index that takes the ratio between Grenada observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Grenada according to the product complexity index (PCI) are Equipment for physical and chemical analysis (1.87), Copper nails, screws, bolts, pins, washers, etc (1.2), Parts of railway, tramway locomotives, rolling-stock (1.11), Engines and motors, nes (1.05), and Electric sound or visual signal equipment nes (0.87). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Grenada according to the relatedness index, are Gold (0.077), Other Vegetables (0.074), Non-fillet Frozen Fish (0.074), Collector's Items (0.074), and Fruit Juice (0.071). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Grenada is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.