Grenada-Ireland Bilateral Trade Analysis 2023
Complete trade statistics: $515,398 total volume •Grenada surplus: $515,398
Grenada → Ireland
$515,398
Exports (2023)
Ireland → Grenada
$0
Imports (2023)
Trade Balance
$515,398
Surplus for Grenada
Total Trade
$515,398
Combined Volume
Trade Flow Visualization
Direct trade relationship between Grenada and Ireland. 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-Ireland commercial relationship and competitive positioning in global markets.
Grenada → Ireland Exports
Export Market Intelligence
🎯 Strategic Export Focus
Grenada's export portfolio to Ireland demonstrates strategic specialization, with rum and other spirits obtained by distilling fermented sugar-cane products representing a key competitive advantage in this bilateral market.
Ireland → Grenada Imports
Import Dependency Profile
📦 Import Strategy Analysis
Grenada's import pattern from Ireland reveals significant dependencyin odoriferous substances and mixtures: of a kind used in the food or drink industries, 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 Ireland, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $515,398 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Grenada-Ireland Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $515.40 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: Grenada maintains a surplus of $515.40 thousand
- Export Focus: Grenada's primary exports include rum and other spirits obtained by distilling fermented sugar-cane products, tricycles, scooters, pedal cars and similar wheeled toys: dolls' carriages: dolls: other toys: reduced-size (scale) models and similar recreational models, working or not: puzzles of all kinds, foliage, branches and other parts of plants, without flowers or flower buds, and grasses, mosses and lichens: suitable for bouquets or for ornamental purposes, dried, dyed, bleached, impregnated or otherwise prepared
- Import Dependencies: Key imports from Ireland include odoriferous substances and mixtures: of a kind used in the food or drink industries, plastics: builders' ware, reservoirs, tanks, vats and similar containers of a capacity exceeding 300 litres, vehicle parts and accessories: n.e.c. in heading no. 8708
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 $515,398 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 Ireland's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in odoriferous substances and mixtures: of a kind used in the food or drink industries.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $515,398 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $515,398 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 $515.40 thousand 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 odoriferous substances and mixtures: of a kind used in the food or drink industries demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Grenada's trade surplus of $515.40 thousand strengthens 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 Ireland represents a total trade volume of $515.40 thousand in 2023. This partnership demonstrates a favorable trade balance for Grenada, with exports exceeding importsby $515.40 thousand.
Export Strengths
Grenada's exports to Ireland total $515.40 thousand, with competitive advantages in rum and other spirits obtained by distilling fermented sugar-cane products, representing $502,445 or97.5% of bilateral exports.
Import Dependencies
Imports from Ireland amount to $0.00, highlighting economic interdependence in odoriferous substances and mixtures: of a kind used in the food or drink industries, with Odoriferous substances and mixtures: of a kind used in the food or drink industries comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Grenada's competitive position in this bilateral relationship. 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 Ireland in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023