Canada (CAN) and Grenada (GRD) Trade | The Observatory of Economic Complexity

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Canada (CAN) and Grenada (GRD) Trade

2023

→

Exports $11.6MRnk 151 / 215

2023

→

Top Product $2.85MPlanes, Helicopters, and/or Spacecraft

2023

→

Exports $1.61MRnk 12 / 96

2023

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Top Product $1.13MNutmeg, mace and cardamons

2023

Economic Complexity (ECI) ECI 0.9Rnk 30 / 132

2023

GDP$2.14TCURRENT US$
Rnk 10 / 195

2013-2023

GDP GROWTH16%CURRENT US$
Rnk 150 / 195

2023

GDP$1.32BCURRENT US$
Rnk 183 / 195

2013-2023

GDP GROWTH56.3%CURRENT US$
Rnk 61 / 195

2023

GDP PC $53,431CURRENT US$
Rnk 22 / 195

2013-2023

GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

2023

GDP PC$11,246CURRENT US$
Rnk 86 / 196

2013-2023

GDP PC GROWTH51.5%CURRENT US$
Rnk 46 / 195

Image 1

Image by paul bica
Link: https://flic.kr/p/59wAvs

Image 2

Image by David Stanley
Link: https://flic.kr/p/2ewnsxR

Latest Trends
Historical Data
Economic Complexity

About

Canada-Grenada Trade: In 2023, Canada exported $11.6M to Grenada. The main products that Canada exported to Grenada were Planes, Helicopters, and/or Spacecraft ($2.85M), Poultry Meat ($947k), and Dried/Salted/Smoked/Brined Fish ($805k). Over the past 5 years the exports of Canada to Grenada have increased at an annualized rate of 4.48%, from $9.33M in 2018 to $11.6M in 2023.

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

Grenada-Canada Trade: In 2023, Grenada exported $1.61M to Canada. The main products that Grenada exported to Canada were Nutmeg, mace and cardamons ($1.13M), Non-fillet Fresh Fish ($313k), and Scrap Iron ($60k). Over the past 5 years the exports of Grenada to Canada have increased at an annualized rate of 6.04%, from $1.2M in 2018 to $1.61M in 2023.

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

Comparison In 2023, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Grenada ranked 201 in total exports ($58.3M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$593k and imported C$149k from Grenada, resulting in a positive trade balance of C$444k. Between November 2023 and November 2024 the exports of Canada have decreased by C$-416k (-41.2%) from C$1.01M to C$593k, while imports decreased by C$-107k (-41.8%) from C$256k to C$149k.

Trade In November 2024, the top exports of Canada to Grenada were Processed Fish (C$175k), Dried/Salted/Smoked/Brined Fish (C$147k), Preserved Meat (C$124k), Poultry Meat (C$57.1k), and Dried Legumes (C$51.6k). In November 2024 the top imports of Canada from Grenada were Nutmeg, mace and cardamons (C$265k), Non-fillet Fresh Fish (C$11.2k), Centrifuges (C$1.23k), and Knitted Hats (C$23).

Origins In November 2024 the exports of Canada were mainly from Ontario (C$213k), New Brunswick (C$178k), Quebec (C$107k), Saskatchewan (C$65.4k), and Manitoba (C$30.3k), while imports destinations were mainly Quebec (C$149k) and British Columbia (C$27).

Growth In November 2024, the decrease in Canada's year-by-year exports to Grenada was explained primarily by an decrease in product exports in Commodities not elsewhere specified (C$-35k or -46.7%), Seats (C$-10.7k or -38%), and Processed Fish (C$-3.91k or -2.19%). In November 2024, the decrease in Canada's year-by-year imports from Grenada was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)C$-416k(-41.2%)

IMPORT GROWTH (November 2023 - November 2024)C$-107k(-41.8%)

MAIN EXPORTER (November 2024)OntarioC$213k

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

To check Grenada and Canada trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Canada exported $11.6M to Grenada. The main products exported from Canada to Grenada were Planes, Helicopters, and/or Spacecraft ($2.85M), Poultry Meat ($947k), and Dried/Salted/Smoked/Brined Fish ($805k). During the last 5 years the exports of Canada to Grenada have increased at an annualized rate of 4.48%, from $9.33M in 2018 to $11.6M in 2023.

In 2018, Grenada exported $1.61M to Canada. The main products exported from Grenada to Canada were Nutmeg, mace and cardamons ($1.13M), Non-fillet Fresh Fish ($313k), and Scrap Iron ($60k). During the last 5 years the exports of Grenada to Canada have increased at an annualized rate of 6.04%, from $1.2M in 2023 to $1.61M in 2018.

Exports from Canada () to Grenada () (2023)

Exports from Grenada () to Canada () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Canada
Top DestinationUnited States$410B

Grenada
Top DestinationUnited States$13.8M

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

In 2023, countries that imported more from Canada than Grenada included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Grenada than Canada included Antigua and Barbuda ($7.79M).

Difference in imports from Grenada () and Canada () (2023)

Comparative Advantage Canada - Grenada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Canada had a large net trade with Grenada in the exports of Transportation ($3.18M), Animal Products ($2.77M), and Machines ($1.31M).

During 2018, Grenada had a large net trade with Canada in the exports of Vegetable Products ($1.13M), Animal Products ($314k), and Metals ($60k).

Economic Complexity

Competitive Landscape

Year

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

Product Space of Canada () and Grenada () (2023)

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