Grenada-China Bilateral Trade Analysis 2023
Complete trade statistics: $23.74M total volume •Grenada deficit: $23.74M
Grenada → China
$0
Exports (2023)
China → Grenada
$23.74M
Imports (2023)
Trade Balance
$23.74M
Deficit for Grenada
Total Trade
$23.74M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Grenada and China. Green line shows exports from Grenada, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Grenada-China commercial relationship and competitive positioning in global markets.
Grenada → China Exports
Export Market Intelligence
🎯 Strategic Export Focus
Grenada's export portfolio to China demonstrates strategic specialization, with rum and other spirits obtained by distilling fermented sugar-cane products representing a key competitive advantage in this bilateral market.
China → Grenada Imports
Import Dependency Profile
📦 Import Strategy Analysis
Grenada's import pattern from China reveals significant dependencyin machinery and mechanical appliances: passenger boarding bridges, of a kind used in airports, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Grenada demonstrates competitive strength in exportingrum and other spirits obtained by distilling fermented sugar-cane products to China, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $23.74M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Grenada-China Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $23.74 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Grenada maintains a deficit of $23.74 million
- Export Focus: Grenada's primary exports include rum and other spirits obtained by distilling fermented sugar-cane products, ball bearings, electronic integrated circuits: memories
- Import Dependencies: Key imports from China include machinery and mechanical appliances: passenger boarding bridges, of a kind used in airports, iron or steel: structures and parts thereof, n.e.c. in heading 7308, iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $23.74M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Grenada leveraging its comparative advantages in rum and other spirits obtained by distilling fermented sugar-cane products.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Grenada's specialization in rum and other spirits obtained by distilling fermented sugar-cane productscomplements China's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in machinery and mechanical appliances: passenger boarding bridges, of a kind used in airports.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $23.74M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $23.74M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $23.74 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in rum and other spirits obtained by distilling fermented sugar-cane products and machinery and mechanical appliances: passenger boarding bridges, of a kind used in airports demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Grenada's trade deficit of $23.74 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Grenada and China represents a total trade volume of $23.74 million in 2023. This partnership demonstrates an unfavorable trade balance for Grenada, with imports exceeding exportsby $23.74 million.
Export Strengths
Grenada's exports to China total $0.00, with competitive advantages in rum and other spirits obtained by distilling fermented sugar-cane products, representing $2,344 orInfinity% of bilateral exports.
Import Dependencies
Imports from China amount to $23.74 million, highlighting economic interdependence in machinery and mechanical appliances: passenger boarding bridges, of a kind used in airports, with Machinery and mechanical appliances: passenger boarding bridges, of a kind used in airports comprising4.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Grenada's strategic sourcing from China. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Grenada and China in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023