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Pricing

2023
Flag → Flag
Exports $5.7MRnk 184 / 220
2023
Flag → Flag
Top Product $520kX-Ray Equipment
2023
Flag → Flag
Exports $1.23MRnk 13 / 96
2023
Flag → Flag
Top Product $850kNutmeg, mace and cardamons
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH18.8%CURRENT US$
Rnk 144 / 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 $54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC$11,246CURRENT US$
Rnk 86 / 196
2013-2023
Flag
GDP PC GROWTH51.5%CURRENT US$
Rnk 46 / 195

About

Germany-Grenada Trade: In 2023, Germany exported $5.7M to Grenada. The main products that Germany exported to Grenada were X-Ray Equipment ($520k), Rolled Tobacco ($487k), and Electrical Transformers ($269k). Over the past 5 years the exports of Germany to Grenada have decreased at an annualized rate of 4.34%, from $7.11M in 2018 to $5.7M in 2023.

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

Grenada-Germany Trade: In 2023, Grenada exported $1.23M to Germany. The main products that Grenada exported to Germany were Nutmeg, mace and cardamons ($850k), Frozen Bovine Meat ($227k), and Cocoa Beans ($113k). Over the past 5 years the exports of Grenada to Germany have decreased at an annualized rate of 16.7%,  from $3.06M in 2018 to $1.23M in 2023.

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

Comparison In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79),  and 3 in total exports ($1.57T). 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, Germany exported €54k and imported €13k from Grenada, resulting in a positive trade balance of €41k. Between November 2023 and November 2024 the exports of Germany have decreased by €-458k (-89.5%) from €512k to €54k, while imports decreased by €-150k (-92%) from €163k to €13k.

Trade In November 2024, the top exports of Germany to Grenada were Measuring and automatical control instruments (€48k), Machinery for electricity production, distribution (€42k), Other electric machinery, apparatus and appliances (€35k), Lighting equipment and electric lamps (€34k), and Other articles of iron, iron sheet,... (€14k). In November 2024 the top imports of Germany from Grenada were Spices (€102k), Meat and meat products (€11k), Spirits (€3k), Articles of plastic (€0), and Low value consignments Extra-EU trade (€0).

Origins In November 2024 the exports of Germany were mainly from Schleswig-Holstein (€13k), Bavaria (€6k), Baden-Württemberg (€5k), Bremen (€4k), and Hesse (€3k), while imports destinations were mainly Baden-Württemberg (€11k) and Bavaria (€2k).

Growth In November 2024, the decrease in Germany's year-by-year exports to Grenada was explained primarily by an decrease in product exports in Pumps and compressors (€-11k or -64.7%), Machine-tools (€-11k or -64.7%), and Other articles of iron, iron sheet,... (€-5k or -26.3%). In November 2024, the decrease in Germany's year-by-year imports  from Grenada was explained primarily by an decrease in product imports  in Articles of plastic (€-2k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-458k(-89.5%)
IMPORT GROWTH (November 2023 - November 2024)€-150k(-92%)
MAIN EXPORTER (November 2024)Schleswig-Holstein€13k

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

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $5.7M to Grenada. The main products exported from Germany to Grenada were X-Ray Equipment ($520k), Rolled Tobacco ($487k), and Electrical Transformers ($269k). During the last 5 years the exports of Germany to Grenada have decreased at an annualized rate of 4.34%, from $7.11M in 2018 to $5.7M in 2023.

In 2018, Grenada exported $1.23M to Germany. The main products exported from Grenada to Germany were Nutmeg, mace and cardamons ($850k), Frozen Bovine Meat ($227k), and Cocoa Beans ($113k). During the last 5 years the exports of Grenada to Germany have decreased at an annualized rate of 16.7%, from $3.06M in 2023 to $1.23M in 2018.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Grenada
Top DestinationUnited States$13.8M

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

In 2023, countries that imported more from Germany than Grenada included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Grenada than Germany included Dominica ($3.53M) and Saint Kitts and Nevis ($2.83M).

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

Comparative Advantage Germany - Grenada

Flow
Scale

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

During 2023, Germany had a large net trade with Grenada in the exports of Machines ($1.86M), Instruments ($1.02M), and Metals ($586k).

During 2018, Grenada had a large net trade with Germany in the exports of Vegetable Products ($850k), Animal Products ($227k), and Foodstuffs ($146k).

Economic Complexity

Competitive Landscape

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

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

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