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2023
Flag → Flag
Exports $3.55kRnk 56 / 90
2023
Flag → Flag
Top Product $2.46kTelephones
2023
Flag → Flag
Exports $6.04kRnk 71 / 96
2023
Flag → Flag
Top Product $5.59kBroadcasting Equipment
2023
Flag  
GDP$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 123 / 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 $125,842CURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 91 / 195
2023
Flag
GDP PC$11,246CURRENT US$
Rnk 86 / 196
2013-2023
Flag
GDP PC GROWTH51.5%CURRENT US$
Rnk 46 / 195

About

Bermuda-Grenada Trade: In 2023, Bermuda exported $3.55k to Grenada. The main products that Bermuda exported to Grenada were Telephones ($2.46k), Non-Knit Active Wear ($378), and Packaged Medicaments ($244). Over the past 12 years the exports of Bermuda to Grenada have increased at an annualized rate of 5.27%, from $1.92k in 2011 to $3.55k in 2023.

In 2023, Bermuda did not export any services to Grenada.

Grenada-Bermuda Trade: In 2023, Grenada exported $6.04k to Bermuda. The main products that Grenada exported to Bermuda were Broadcasting Equipment ($5.59k), Electrical Transformers ($382), and Other Plastic Products ($35). Over the past 12 years the exports of Grenada to Bermuda have decreased at an annualized rate of 20.6%,  from $19.1k in 2011 to $6.04k in 2023.

In 2023, Grenada did not export any services to Bermuda.

Comparison In 2023,  Bermuda ranked 179 in total exports ($254M). That same year, Grenada ranked 201 in total exports ($58.3M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bermuda exported $3.55k to Grenada. The main products exported from Bermuda to Grenada were Telephones ($2.46k), Non-Knit Active Wear ($378), and Packaged Medicaments ($244). During the last 12 years the exports of Bermuda to Grenada have increased at an annualized rate of 5.27%, from $1.92k in 2011 to $3.55k in 2023.

In 2018, Grenada exported $6.04k to Bermuda. The main products exported from Grenada to Bermuda were Broadcasting Equipment ($5.59k), Electrical Transformers ($382), and Other Plastic Products ($35). During the last 5 years the exports of Grenada to Bermuda have decreased at an annualized rate of 20.6%, from $19.1k in 2023 to $6.04k in 2018.

Exports from Bermuda (Flag) to Grenada (Flag) (2023)

Exports from Grenada (Flag) to Bermuda (Flag) (2023)

Market Competitiveness

Color
Bermuda
Top DestinationGermany$101M
Grenada
Top DestinationUnited States$13.8M

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

In 2023, countries that imported more from Bermuda than Grenada included Germany ($101M), South Africa ($96.3M), and Netherlands ($37.9M).

In 2023, countries that imported more from Grenada than Bermuda included United States ($13.8M), Antigua and Barbuda ($7.79M), and Saint Vincent and the Grenadines ($4.67M).

Difference in imports from Grenada (Flag) and Bermuda (Flag) (2023)

Comparative Advantage Bermuda - Grenada

Flow
Scale

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

During 2023, Bermuda had a large net trade with Grenada in the exports of Machines ($2.55k), Textiles ($471), and Chemical Products ($244).

During 2018, Grenada had a large net trade with Bermuda in the exports of Machines ($6k) and Plastics and Rubbers ($35).

Economic Complexity

Competitive Landscape

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

Product Space of Bermuda (Flag) and Grenada (Flag) (2023)

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