Grenada-Guyana Bilateral Trade Analysis 2023
Complete trade statistics: $5.59M total volume •Grenada deficit: $2.97M
Grenada → Guyana
$1.31M
Exports (2023)
Guyana → Grenada
$4.28M
Imports (2023)
Trade Balance
$2.97M
Deficit for Grenada
Total Trade
$5.59M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Grenada and Guyana. 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-Guyana commercial relationship and competitive positioning in global markets.
Grenada → Guyana Exports
Export Market Intelligence
🎯 Strategic Export Focus
Grenada's export portfolio to Guyana demonstrates strategic specialization, with paper articles: toilet paper representing a key competitive advantage in this bilateral market.
Guyana → Grenada Imports
Import Dependency Profile
📦 Import Strategy Analysis
Grenada's import pattern from Guyana reveals significant dependencyin sands: natural, silica and quartz sands, whether or not coloured, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Grenada demonstrates competitive strength in exportingpaper articles: toilet paper to Guyana, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $5.59M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Grenada-Guyana Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $5.59 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Grenada maintains a deficit of $2.97 million
- Export Focus: Grenada's primary exports include paper articles: toilet paper, sugars: sucrose, chemically pure, in solid form, not containing added flavouring or colouring matter, vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a g.v.w. exceeding 20 tonnes), n.e.c. in item no 8704.1
- Import Dependencies: Key imports from Guyana include sands: natural, silica and quartz sands, whether or not coloured, cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, wood: sawn or chipped lengthwise, sliced or peeled, of a thickness exceeding 6mm, whether or not planed, sanded or finger-jointed, n.e.c. in heading no. 4407
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 $5.59M 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 articles: toilet paper.
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 articles: toilet papercomplements Guyana's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in sands: natural, silica and quartz sands, whether or not coloured.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $5.59M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $5.59M 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 $5.59 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in paper articles: toilet paper and sands: natural, silica and quartz sands, whether or not coloured demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Grenada's trade deficit of $2.97 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 Guyana represents a total trade volume of $5.59 million in 2023. This partnership demonstrates an unfavorable trade balance for Grenada, with imports exceeding exportsby $2.97 million.
Export Strengths
Grenada's exports to Guyana total $1.31 million, with competitive advantages in paper articles: toilet paper, representing $561,478 or42.8% of bilateral exports.
Import Dependencies
Imports from Guyana amount to $4.28 million, highlighting economic interdependence in sands: natural, silica and quartz sands, whether or not coloured, with Sands: natural, silica and quartz sands, whether or not coloured comprising43.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Grenada's strategic sourcing from Guyana. 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 Guyana in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023