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Exports In 2023, Grenada exported $10.2k in Refined Petroleum, making it the 194th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 171st most exported product in Grenada. The main destination of Refined Petroleum exports from Grenada are: Barbados ($3.71k), Australia ($2.44k), New Zealand ($2.07k), Trinidad and Tobago ($1.83k), and Belgium ($124).

The fastest growing export markets for Refined Petroleum of Grenada between 2022 and 2023 were New Zealand ($2.07k), Barbados ($2k), and Australia ($1.19k).

Imports In 2023, Grenada imported $98.5M in Refined Petroleum, becoming the 176th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Grenada. Grenada imports Refined Petroleum primarily from: Cayman Islands ($66.9M), United States ($27.7M), Trinidad and Tobago ($2.63M), Jamaica ($780k), and Germany ($124k).

The fastest growing import markets in Refined Petroleum for Grenada between 2022 and 2023 were United States ($24.8M), Jamaica ($148k), and Germany ($60.2k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$10.2k
IMPORTS (2023)$98.5M
NET TRADE (2023)-$98.5M

In 2023, Grenada exported $10.2k in Refined Petroleum. The main destinations of Grenada exports on Refined Petroleum were Barbados ($3.71k), Australia ($2.44k), New Zealand ($2.07k), Trinidad and Tobago ($1.83k), and Belgium ($124).

In 2023, Grenada imported $98.5M in Refined Petroleum, mainly from Cayman Islands ($66.9M), United States ($27.7M), Trinidad and Tobago ($2.63M), Jamaica ($780k), and Germany ($124k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Grenada WERE (2022 - 2023):
New Zealand$2.07k (1%)
Barbados$2k (117%)
Australia$1.19k (94.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Grenada WERE (2022 - 2023):Trinidad and Tobago-$7.92k (-81.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, Grenada's main exporting competitors in Refined Petroleum were:
In 2023, Grenada's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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N/A
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Refined Petroleum’s highest export potential is N/A. With an export gap of N/A.   Refined Petroleum’s highest import potential is N/A with an import gap of N/A.

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