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Pricing

2023
Flag → Flag
Exports $14.6kRnk 57 / 96
2023
Flag → Flag
Top Product $7.18kNon-fillet Frozen Fish
2023
Flag → Flag
Exports $214kRnk 80 / 122
2023
Flag → Flag
Top Product $139kIron Gas Containers
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$1.32BCURRENT US$
Rnk 183 / 195
2013-2023
Flag
GDP GROWTH56.3%CURRENT US$
Rnk 61 / 195
2023
Flag
GDP PC $11,246CURRENT US$
Rnk 86 / 195
2013-2023
Flag
GDP PC GROWTH51.5%CURRENT US$
Rnk 46 / 195

About

Grenada-Venezuela Trade: In 2023, Grenada exported $14.6k to Venezuela. The main products that Grenada exported to Venezuela were Non-fillet Frozen Fish ($7.18k), Fish Fillets ($3.94k), and Non-fillet Fresh Fish ($3.46k). Over the past 10 years the exports of Grenada to Venezuela have decreased at an annualized rate of 2.47%, from $18.7k in 2013 to $14.6k in 2023.

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

Venezuela-Grenada Trade: In 2023, Venezuela exported $214k to Grenada. The main products that Venezuela exported to Grenada were Iron Gas Containers ($139k), Shaped Paper ($61.5k), and Valves ($12.5k). Over the past 10 years the exports of Venezuela to Grenada have decreased at an annualized rate of 32.7%,  from $1.55M in 2013 to $214k in 2023.

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

Comparison In 2023,  Grenada ranked 201 in total exports ($58.3M), and does not have data regarding Economic Complexity Index. That same year, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Grenada exported $14.6k to Venezuela. The main products exported from Grenada to Venezuela were Non-fillet Frozen Fish ($7.18k), Fish Fillets ($3.94k), and Non-fillet Fresh Fish ($3.46k). During the last 10 years the exports of Grenada to Venezuela have decreased at an annualized rate of 2.47%, from $18.7k in 2013 to $14.6k in 2023.

In 2018, Venezuela exported $214k to Grenada. The main products exported from Venezuela to Grenada were Iron Gas Containers ($139k), Shaped Paper ($61.5k), and Valves ($12.5k). During the last 5 years the exports of Venezuela to Grenada have decreased at an annualized rate of 32.7%, from $1.55M in 2023 to $214k in 2018.

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

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

Market Competitiveness

Color
Grenada
Top DestinationUnited States$13.8M
Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Grenada than Venezuela included Antigua and Barbuda ($7.79M), Saint Vincent and the Grenadines ($4.67M), and Trinidad and Tobago ($3.15M).

In 2023, countries that imported more from Venezuela than Grenada included United States ($3.81B), China ($739M), and Spain ($670M).

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

Comparative Advantage Grenada - Venezuela

Flow
Scale

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

During 2023, Grenada had a large net trade with Venezuela in the exports of Animal Products ($14.6k).

During 2018, Venezuela had a large net trade with Grenada in the exports of Metals ($139k), Paper Goods ($61.5k), and Machines ($12.7k).

Economic Complexity

Competitive Landscape

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

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

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