Norway (NOR) and Grenada (GRD) Trade | The Observatory of Economic Complexity

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Norway-Grenada In 2022, Norway exported $481k to Grenada. The main products that Norway exported to Grenada are Fish: dried, salted, smoked or in brine ($466k), Engine Parts ($10.1k), and Air Pumps ($3.63k). During the last 27 years the exports of Norway to Grenada have decreased at an annualized rate of 0.035%, from $486k in 1995 to $481k in 2022.

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

Grenada-Norway In 2022, Grenada exported $56k to Norway. The main products that Grenada exported to Norway were Nutmeg, mace and cardamons ($54.3k), Spices ($1.15k), and Embroidery ($312). During the last 27 years the exports of Grenada to Norway have increased at an annualized rate of 0.38%, from $50.5k in 1995 to $56k in 2022.

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

Comparison In 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Grenada ranked 206 in total exports ($31.9M), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK1.72M and imported NOK37k from Grenada, resulting in a positive trade balance of NOK1.68M. Between February 2023 and February 2024 the exports of Norway have increased by NOK1.68M (4.19k%) from NOK40k to NOK1.72M, while imports increased by NOK2k (5.71%) from NOK35k to NOK37k.

Trade In February 2024, the top exports of Norway to Grenada were Fish (not marine mammals), crustaceans, molluscs... (NOK1.06M), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), and Cereals and cereal preparations (NOK0). In February 2024 the top imports of Norway from Grenada were Coffee, tea, cocoa, spices, and manufactures... (NOK40k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), and Fish (not marine mammals), crustaceans, molluscs... (NOK0).

Growth In February 2024, the increase in Norway's year-by-year exports to Grenada was explained primarily by an increase in product exports in . In February 2024, the increase in Norway's year-by-year imports from Grenada was explained primarily by an increase in product imports in Coffee, tea, cocoa, spices, and manufactures... (NOK9k or 29%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK1.68M(4.19k%)

IMPORT GROWTH (February 2023 - February 2024)NOK2k(5.71%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Grenada and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $481k to Grenada. The main products exported from Norway to Grenada were Fish: dried, salted, smoked or in brine ($466k), Engine Parts ($10.1k), and Air Pumps ($3.63k). During the last 27 years the exports of Norway to Grenada have decreased at an annualized rate of 0.035%, from $486k in 1995 to $481k in 2022.

In 2022, Grenada exported $56k to Norway. The main products exported from Grenada to Norway were Nutmeg, mace and cardamons ($54.3k), Spices ($1.15k), and Embroidery ($312). During the last 27 years the exports of Grenada to Norway have increased at an annualized rate of 0.38%, from $50.5k in 1995 to $56k in 2022.

Exports from Norway () to Grenada () (2022)

Exports from Grenada () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Grenada
Top DestinationUnited States$10.5M

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

In 2021, countries that imported more from Norway than Grenada were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Grenada than Norway were Antigua and Barbuda ($3.14M), Saint Lucia ($716k), and Montserrat ($169k).

Difference in imports from Grenada () and Norway () (2022)

Comparative Advantage Norway - Grenada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Grenada in the exports of Animal Products ($466k) and Machines ($15.2k).

During 2022, Grenada had a large net trade with Norway in the exports of Vegetable Products ($55.4k) and Textiles ($543).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Norway has comparative advantage over Grenada. Similarly, the more yellow a dot/product is, the more Grenada has comparative advantage over Norway.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Grenada () (2022)

Exports from Grenada () to Norway () (2022)

Market Competitiveness

Difference in imports from Grenada () and Norway () (2022)

Comparative Advantage Norway - Grenada

Economic Complexity

Competitive Landscape

Product Space of Norway () and Grenada () (2022)

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