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2022
Flag → Flag
Exports $30.5kRnk 44 / 94
2022
Flag → Flag
Top Product $27.5kPrefabricated Buildings
2022
Flag → Flag
Exports $7.96MRnk 53 / 153
2022
Flag → Flag
Top Product $556kRefrigerators
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag  
GDP$1.26BCURRENT US$
Rnk 173 / 186
2012-2022
Flag
GDP GROWTH57.1%CURRENT US$
Rnk 43 / 186
2022
Flag
 GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC $10,016CURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP PC GROWTH45.1%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Grenada-Panama Trade: In 2022, Grenada exported $30.5k to Panama. The main products that Grenada exported to Panama were Prefabricated Buildings ($27.5k) and Telephones ($3.04k). Over the past 5 years the exports of Grenada to Panama have increased at an annualized rate of 161%, from $251 in 2017 to $30.5k in 2022.

In 2022, Grenada did not export any services to Panama.

Panama-Grenada Trade: In 2022, Panama exported $7.96M to Grenada. The main products that Panama exported to Grenada were Refrigerators ($556k), Molasses ($494k), and Large Construction Vehicles ($415k). Over the past 5 years the exports of Panama to Grenada have increased at an annualized rate of 1.27%,  from $6.35M in 2017 to $7.96M in 2022.

In 2022, Panama did not export any services to Grenada.

Comparison In 2022,  Grenada ranked 206 in total exports ($31.9M), and does not have data regarding Economic Complexity Index. That same year, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Grenada exported $30.5k to Panama. The main products exported from Grenada to Panama were Prefabricated Buildings ($27.5k) and Telephones ($3.04k). During the last 5 years the exports of Grenada to Panama have increased at an annualized rate of 161%, from $251 in 2017 to $30.5k in 2022.

In 2017, Panama exported $7.96M to Grenada. The main products exported from Panama to Grenada were Refrigerators ($556k), Molasses ($494k), and Large Construction Vehicles ($415k). During the last 5 years the exports of Panama to Grenada have increased at an annualized rate of 1.27%, from $6.35M in 2022 to $7.96M in 2017.

Exports from Grenada (Flag) to Panama (Flag) (2022)

Exports from Panama (Flag) to Grenada (Flag) (2022)

Latest Data

Trade between Grenada (Flag) and Panama (Flag)

Grenada Exports

Date

Panama Exports

Market Competitiveness

Color
Grenada
Top DestinationUnited States$10.5M
Panama
Top DestinationChina$1.14B

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

In 2022, countries that imported more from Grenada than Panama included Saint Vincent and the Grenadines ($1.22M), Saint Lucia ($716k), and Eswatini ($223k).

In 2022, countries that imported more from Panama than Grenada included China ($1.14B), Japan ($785M), and South Korea ($539M).

Difference in imports from Panama (Flag) and Grenada (Flag) (2022)

Comparative Advantage Grenada - Panama

Flow
Scale

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

During 2022, Grenada had a large net trade with Panama in the exports of Miscellaneous ($27.5k) and Machines ($3.04k).

During 2017, Panama had a large net trade with Grenada in the exports of Machines ($2.6M), Foodstuffs ($966k), and Textiles ($894k).

Economic Complexity

Competitive Landscape

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

Product Space of Grenada (Flag) and Panama (Flag) (2022)

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