2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 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 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 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

Italy-Grenada Trade: In 2023, Italy exported $4.57M to Grenada. The main products that Italy exported to Grenada were Refrigerators ($740k), Other Furniture ($323k), and Light Fixtures ($224k). Over the past 5 years the exports of Italy to Grenada have increased at an annualized rate of 1.15%, from $4.32M in 2018 to $4.57M in 2023.

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

Grenada-Italy Trade: In 2023, Grenada exported $405k to Italy. The main products that Grenada exported to Italy were Nutmeg, mace and cardamons ($390k), Cocoa Beans ($11.2k), and Air Conditioners ($2.18k). Over the past 5 years the exports of Grenada to Italy have increased at an annualized rate of 54.5%,  from $46k in 2018 to $405k in 2023.

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

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). 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, Italy exported $4.57M to Grenada. The main products exported from Italy to Grenada were Refrigerators ($740k), Other Furniture ($323k), and Light Fixtures ($224k). During the last 5 years the exports of Italy to Grenada have increased at an annualized rate of 1.15%, from $4.32M in 2018 to $4.57M in 2023.

In 2018, Grenada exported $405k to Italy. The main products exported from Grenada to Italy were Nutmeg, mace and cardamons ($390k), Cocoa Beans ($11.2k), and Air Conditioners ($2.18k). During the last 5 years the exports of Grenada to Italy have increased at an annualized rate of 54.5%, from $46k in 2023 to $405k in 2018.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Grenada
Top Destination
United States$13.8M

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 2023, countries that imported more from Italy than Grenada included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Grenada than Italy included Saint Martin ($25.8k).

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

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 2023, Italy had a large net trade with Grenada in the exports of Machines ($2.29M), Miscellaneous ($861k), and Metals ($433k).

During 2018, Grenada had a large net trade with Italy in the exports of Vegetable Products ($390k), Foodstuffs ($12.8k), and Machines ($2.4k).

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) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with