Grenada-New Zealand Bilateral Trade Analysis 2023
Complete trade statistics: $4.18M total volume •Grenada deficit: $4.18M
Grenada → New Zealand
$0
Exports (2023)
New Zealand → Grenada
$4.18M
Imports (2023)
Trade Balance
$4.18M
Deficit for Grenada
Total Trade
$4.18M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Grenada and New Zealand. 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-New Zealand commercial relationship and competitive positioning in global markets.
Grenada → New Zealand Exports
Export Market Intelligence
🎯 Strategic Export Focus
Grenada's export portfolio to New Zealand demonstrates strategic specialization, with equipment for outdoor games and recreation n.e.c. in heading no. 9506 representing a key competitive advantage in this bilateral market.
New Zealand → Grenada Imports
Import Dependency Profile
📦 Import Strategy Analysis
Grenada's import pattern from New Zealand reveals significant dependencyin dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Grenada demonstrates competitive strength in exportingequipment for outdoor games and recreation n.e.c. in heading no. 9506 to New Zealand, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $4.18M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Grenada-New Zealand Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $4.18 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Grenada maintains a deficit of $4.18 million
- Export Focus: Grenada's primary exports include equipment for outdoor games and recreation n.e.c. in heading no. 9506, seaweeds and other algae: fit for human consumption, fresh, chilled, frozen or dried, whether or not ground, spices: nutmeg, neither crushed nor ground
- Import Dependencies: Key imports from New Zealand include dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406, dairy produce: derived from milk, butter, dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight)
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 $4.18M 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 equipment for outdoor games and recreation n.e.c. in heading no. 9506.
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 equipment for outdoor games and recreation n.e.c. in heading no. 9506complements New Zealand's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $4.18M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $4.18M 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 $4.18 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in equipment for outdoor games and recreation n.e.c. in heading no. 9506 and dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Grenada's trade deficit of $4.18 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 New Zealand represents a total trade volume of $4.18 million in 2023. This partnership demonstrates an unfavorable trade balance for Grenada, with imports exceeding exportsby $4.18 million.
Export Strengths
Grenada's exports to New Zealand total $0.00, with competitive advantages in equipment for outdoor games and recreation n.e.c. in heading no. 9506, representing $25,672 orInfinity% of bilateral exports.
Import Dependencies
Imports from New Zealand amount to $4.18 million, highlighting economic interdependence in dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406, with Dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406 comprising78.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Grenada's strategic sourcing from New Zealand. 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 New Zealand in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023