Grenada-Dominican Rep. Bilateral Trade Analysis 2023
Complete trade statistics: $6.90M total volume •Grenada deficit: $6.90M
Grenada → Dominican Rep.
$0
Exports (2023)
Dominican Rep. → Grenada
$6.90M
Imports (2023)
Trade Balance
$6.90M
Deficit for Grenada
Total Trade
$6.90M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Grenada and Dominican Rep.. 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-Dominican Rep. commercial relationship and competitive positioning in global markets.
Grenada → Dominican Rep. Exports
Export Market Intelligence
🎯 Strategic Export Focus
Grenada's export portfolio to Dominican Rep. demonstrates strategic specialization, with paper and paperboard: filter paper and paperboard representing a key competitive advantage in this bilateral market.
Dominican Rep. → Grenada Imports
Import Dependency Profile
📦 Import Strategy Analysis
Grenada's import pattern from Dominican Rep. reveals significant dependencyin 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, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Grenada demonstrates competitive strength in exportingpaper and paperboard: filter paper and paperboard to Dominican Rep., leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $6.90M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Grenada-Dominican Rep. Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $6.90 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Grenada maintains a deficit of $6.90 million
- Export Focus: Grenada's primary exports include paper and paperboard: filter paper and paperboard, tools, hand: interchangeable spanner sockets, with or without handles, paper and paperboard: self-adhesive, in rolls or sheets, other than goods of heading no. 4803, 4809, or 4810
- Import Dependencies: Key imports from Dominican Rep. include 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, juices: mixtures of fruits or vegetables, unfermented, not containing added spirit, whether or not containing added sugar or other sweetening matter, alkyd resins: in primary forms
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 $6.90M 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 paper and paperboard: filter paper and paperboard.
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 paper and paperboard: filter paper and paperboardcomplements Dominican Rep.'s demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in 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.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $6.90M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $6.90M 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 $6.90 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in paper and paperboard: filter paper and paperboard and 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 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Grenada's trade deficit of $6.90 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 Dominican Rep. represents a total trade volume of $6.90 million in 2023. This partnership demonstrates an unfavorable trade balance for Grenada, with imports exceeding exportsby $6.90 million.
Export Strengths
Grenada's exports to Dominican Rep. total $0.00, with competitive advantages in paper and paperboard: filter paper and paperboard, representing $7,909 orInfinity% of bilateral exports.
Import Dependencies
Imports from Dominican Rep. amount to $6.90 million, highlighting economic interdependence in 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, with 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 comprising36.3% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Grenada's strategic sourcing from Dominican Rep.. 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 Dominican Rep. in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023