Panama (PAN) and Grenada (GRD) Trade | The Observatory of Economic Complexity

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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 4.64%, from $6.35M in 2017 to $7.96M in 2022.

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

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.

Comparison In 2022, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 4.64%, from $6.35M in 2017 to $7.96M in 2022.

In 2017, 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 2022 to $30.5k in 2017.

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

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

Latest Data

Trade between Panama () and Grenada ()

Panama Exports

Date

Grenada Exports

Date

Dec 2019

Sep 2018

Jul 2017

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Panama
Top DestinationChina$1.14B

Grenada
Top DestinationUnited States$10.5M

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

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

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

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

Comparative Advantage Panama - Grenada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Panama had a large net trade with Grenada in the exports of Machines ($2.6M), Foodstuffs ($966k), and Textiles ($894k).

During 2017, Grenada had a large net trade with Panama in the exports of Miscellaneous ($27.5k) and Machines ($3.04k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Panama () and Grenada ()

Panama Exports

Grenada Exports

Market Competitiveness

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

Comparative Advantage Panama - Grenada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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