Country intelligence · GRD · 2024

Grenada trade profile

In 2024, Grenada recorded $45.6M in merchandise exports and $653.7M in imports, producing a $608.2M trade deficit. Exports changed -17.8% from the previous year, while imports changed +10.6%.[1]

Exports

$45.6M

-17.8%

Imports

$653.7M

+10.6%

Trade balance

-$608.2M

deficit

Active partners

270

43 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$45.6M$653.7M-$608.2M-17.8%
2023$55.5M$591.3M-$535.9M+17.5%
2022$47.2M$539.9M-$492.7M+7.7%
2021$43.8M$422.0M-$378.2M+28.4%
2020$34.1M$372.5M-$338.4M-20.9%
2019$43.1M$481.8M-$438.7M-8.8%
2018$47.2M$460.5M-$413.3M+7.5%
2017$44.0M$387.6M-$343.6M+5.3%
2016$41.7M$428.2M-$386.5M-4.4%
2015$43.7M$320.4M-$276.7M+9.0%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 03 · HS chapter

116 active HS6 lines · 11 export partners

$7.4M
2

HS 11 · HS chapter

25 active HS6 lines · 7 export partners

$6.5M
3

HS 09 · HS chapter

39 active HS6 lines · 36 export partners

$6.0M
4

HS 32 · HS chapter

32 active HS6 lines · 11 export partners

$4.8M
5

HS 23 · HS chapter

8 active HS6 lines · 7 export partners

$4.0M
6

HS 08 · HS chapter

62 active HS6 lines · 8 export partners

$3.0M
7

HS 22 · HS chapter

24 active HS6 lines · 27 export partners

$2.9M
8

HS 48 · HS chapter

94 active HS6 lines · 14 export partners

$1.4M

Leading export markets

Destinations rank bilateral export flows from Grenada; growth describes each corridor rather than the whole economy.

1

United States

Annual change -6.0% · 3-year CAGR -2.4%

$14.1M
2

Saint Lucia

Annual change +13.0% · 3-year CAGR 14.8%

$4.6M
3

Antigua and Barbuda

Annual change -38.5% · 3-year CAGR 31.8%

$4.4M
4

Saint Vincent and the Grenadines

Annual change +4.8% · 3-year CAGR 1.9%

$3.8M
5

Dominica

Annual change -22.2% · 3-year CAGR 10.0%

$3.1M
6

Belize

Annual change +173.2% · 3-year CAGR 356.3%

$2.6M
7

Argentina

Annual change +57.9% · 3-year CAGR 9.6%

$1.2M
8

United Kingdom

Annual change +172.0% · 3-year CAGR 46.6%

$1.2M

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.