2023
Flag  
GDP
$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH
23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
 GDP
$1.32BCURRENT US$
Rnk 183 / 195
2013-2023
Flag
GDP GROWTH
56.3%CURRENT US$
Rnk 61 / 195
2023
Flag
GDP PC 
$6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH
8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC
$11,246CURRENT US$
Rnk 86 / 196
2013-2023
Flag
GDP PC GROWTH
51.5%CURRENT US$
Rnk 46 / 195

About

Ecuador-Grenada Trade: In 2023, Ecuador exported $2.28k to Grenada. The main products that Ecuador exported to Grenada were Other Rubber Products ($1.35k), Thermostats ($607), and Laboratory Reagents ($107). Over the past 5 years the exports of Ecuador to Grenada have decreased at an annualized rate of 55.4%, from $129k in 2018 to $2.28k in 2023.

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

Grenada-Ecuador Trade: In 2023, Grenada exported $3 to Ecuador. The main products that Grenada exported to Ecuador were N/A. Over the past 5 years the exports of Grenada to Ecuador have decreased at an annualized rate of 69.4%,  from $1.12k in 2018 to $3 in 2023.

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

Comparison In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85),  and 65 in total exports ($37.3B). That same year, Grenada ranked 201 in total exports ($58.3M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $2.28k to Grenada. The main products exported from Ecuador to Grenada were Other Rubber Products ($1.35k), Thermostats ($607), and Laboratory Reagents ($107). During the last 5 years the exports of Ecuador to Grenada have decreased at an annualized rate of 55.4%, from $129k in 2018 to $2.28k in 2023.

In 2015, Grenada exported $3 to Ecuador. There were not main exports from Grenada to Ecuador in 2015. During the last 5 years the exports of Grenada to Ecuador have decreased at an annualized rate of 69.4%, from $1.12k in 2020 to $3 in 2015.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$8.34B
Grenada
Top Destination
United States$13.8M

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

In 2023, countries that imported more from Ecuador than Grenada included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

In 2023, countries that imported more from Grenada than Ecuador included Antigua and Barbuda ($7.79M), Saint Vincent and the Grenadines ($4.67M), and Dominica ($3.53M).

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

Comparative Advantage Ecuador - Grenada

Flow
Scale

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

During 2023, Ecuador had a large net trade with Grenada in the exports of Plastics and Rubbers ($1.35k), Instruments ($607), and Machines ($146).

During 2015, Grenada had a large net trade with Ecuador in the exports of .

Economic Complexity

Competitive Landscape

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

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

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