Grenada-Spain Bilateral Trade Analysis 2023
Complete trade statistics: $3.46M total volume •Grenada deficit: $3.46M
Grenada → Spain
$0
Exports (2023)
Spain → Grenada
$3.46M
Imports (2023)
Trade Balance
$3.46M
Deficit for Grenada
Total Trade
$3.46M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Grenada and Spain. 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-Spain commercial relationship and competitive positioning in global markets.
Grenada → Spain Exports
Export Market Intelligence
🎯 Strategic Export Focus
Grenada's export portfolio to Spain demonstrates strategic specialization, with fruit, edible: kiwifruit, fresh representing a key competitive advantage in this bilateral market.
Spain → Grenada Imports
Import Dependency Profile
📦 Import Strategy Analysis
Grenada's import pattern from Spain reveals significant dependencyin aluminium: articles n.e.c. in heading 7616, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Grenada demonstrates competitive strength in exportingfruit, edible: kiwifruit, fresh to Spain, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $3.46M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Grenada-Spain Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $3.46 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Grenada maintains a deficit of $3.46 million
- Export Focus: Grenada's primary exports include fruit, edible: kiwifruit, fresh, paintings, drawings and pastels: executed entirely by hand, other than drawings of heading no. 4906, lubricating preparations: (other than for the treatment of textile and similar materials), containing less than 70% (by weight) of petroleum oils or oils obtained from bituminous minerals
- Import Dependencies: Key imports from Spain include aluminium: articles n.e.c. in heading 7616, air conditioning machines: with motor driven fan and elements for temperature control, parts thereof, insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors
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 $3.46M 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 fruit, edible: kiwifruit, fresh.
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 fruit, edible: kiwifruit, freshcomplements Spain's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in aluminium: articles n.e.c. in heading 7616.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $3.46M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $3.46M 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 $3.46 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in fruit, edible: kiwifruit, fresh and aluminium: articles n.e.c. in heading 7616 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Grenada's trade deficit of $3.46 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 Spain represents a total trade volume of $3.46 million in 2023. This partnership demonstrates an unfavorable trade balance for Grenada, with imports exceeding exportsby $3.46 million.
Export Strengths
Grenada's exports to Spain total $0.00, with competitive advantages in fruit, edible: kiwifruit, fresh, representing $22,987 orInfinity% of bilateral exports.
Import Dependencies
Imports from Spain amount to $3.46 million, highlighting economic interdependence in aluminium: articles n.e.c. in heading 7616, with Aluminium: articles n.e.c. in heading 7616 comprising24.8% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Grenada's strategic sourcing from Spain. 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 Spain in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023