2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP
$1.26BCURRENT US$
Rnk 173 / 186
2012-2022
Flag
GDP GROWTH
57.1%CURRENT US$
Rnk 43 / 186
2022
Flag
GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC
$10,016CURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP PC GROWTH
45.1%CURRENT US$
Rnk 41 / 186

About

Italy-Grenada Trade: In 2022, Italy exported $3.01M to Grenada. The main products that Italy exported to Grenada were Refrigerators ($377k), Insulated Wire ($311k), and Wine ($262k). Over the past 5 years the exports of Italy to Grenada have decreased at an annualized rate of 3.87%, from $3.67M in 2017 to $3.01M in 2022.

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

Grenada-Italy Trade: In 2022, Grenada exported $776k to Italy. The main products that Grenada exported to Italy were Nutmeg, mace and cardamons ($743k), Textile Processing Machines ($17.6k), and Cocoa Beans ($14.2k). Over the past 5 years the exports of Grenada to Italy have increased at an annualized rate of 45.1%,  from $120k in 2017 to $776k in 2022.

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

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29),  and 7 in total exports ($634B). That same year, Grenada ranked 206 in total exports ($31.9M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $3.01M to Grenada. The main products exported from Italy to Grenada were Refrigerators ($377k), Insulated Wire ($311k), and Wine ($262k). During the last 5 years the exports of Italy to Grenada have decreased at an annualized rate of 3.87%, from $3.67M in 2017 to $3.01M in 2022.

In 2017, Grenada exported $776k to Italy. The main products exported from Grenada to Italy were Nutmeg, mace and cardamons ($743k), Textile Processing Machines ($17.6k), and Cocoa Beans ($14.2k). During the last 5 years the exports of Grenada to Italy have increased at an annualized rate of 45.1%, from $120k in 2022 to $776k in 2017.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Grenada
Top Destination
United States$10.5M

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

In 2022, countries that imported more from Italy than Grenada included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Grenada than Italy included Montserrat ($169k).

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

Comparative Advantage Italy - Grenada

Flow
Scale

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

During 2022, Italy had a large net trade with Grenada in the exports of Machines ($1.55M), Foodstuffs ($458k), and Metals ($211k).

During 2017, Grenada had a large net trade with Italy in the exports of Vegetable Products ($743k), Machines ($18.5k), and Foodstuffs ($14.2k).

Economic Complexity

Competitive Landscape

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

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

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