Grenada (GRD) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Grenada-Denmark Trade: In 2022, Grenada exported $9.48k to Denmark. The main products that Grenada exported to Denmark were Chemical Analysis Instruments ($8.76k), Nutmeg, mace and cardamons ($691), and Other Edible Preparations ($29). Over the past 5 years the exports of Grenada to Denmark have increased at an annualized rate of 51.7%, from $1.18k in 2017 to $9.48k in 2022.

In 2022, Grenada did not export any services to Denmark.

Denmark-Grenada Trade: In 2022, Denmark exported $2.34M to Grenada. The main products that Denmark exported to Grenada were Malt ($709k), Other Prepared Meat ($470k), and Sausages ($424k). Over the past 5 years the exports of Denmark to Grenada have increased at an annualized rate of 16%, from $1.12M in 2017 to $2.34M in 2022.

In 2022, Denmark did not export any services to Grenada.

Comparison In 2022, Grenada ranked 206 in total exports ($31.9M), and does not have data regarding Economic Complexity Index. That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Grenada exported $9.48k to Denmark. The main products exported from Grenada to Denmark were Chemical Analysis Instruments ($8.76k), Nutmeg, mace and cardamons ($691), and Other Edible Preparations ($29). During the last 5 years the exports of Grenada to Denmark have increased at an annualized rate of 51.7%, from $1.18k in 2017 to $9.48k in 2022.

In 2017, Denmark exported $2.34M to Grenada. The main products exported from Denmark to Grenada were Malt ($709k), Other Prepared Meat ($470k), and Sausages ($424k). During the last 5 years the exports of Denmark to Grenada have increased at an annualized rate of 16%, from $1.12M in 2022 to $2.34M in 2017.

Exports from Grenada () to Denmark () (2022)

Exports from Denmark () to Grenada () (2022)

Latest Data

Trade between Grenada () and Denmark ()

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Grenada
Top DestinationUnited States$10.5M

Denmark
Top DestinationGermany$18.9B

This map shows whether countries import more from Grenada or Denmark. Each country is colored based on the difference in imports they receive from Grenada and Denmark or the difference in the growth in imports.

In 2022, countries that imported more from Grenada than Denmark included Saint Lucia ($716k), Antigua and Barbuda ($3.14M), and North Korea ($708).

In 2022, countries that imported more from Denmark than Grenada included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

Difference in imports from Denmark () and Grenada () (2022)

Comparative Advantage Grenada - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Grenada and Denmark by product, considering products traded by both, Grenada and Denmark.

During 2022, Grenada had a large net trade with Denmark in the exports of Instruments ($8.76k), Vegetable Products ($691), and Foodstuffs ($29).

During 2017, Denmark had a large net trade with Grenada in the exports of Foodstuffs ($925k), Vegetable Products ($709k), and Textiles ($533k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Grenada and Denmark. This means that a dot/product with the flag of Grenada indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Grenada.

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Historical Data

Bilateral Trade by Products

Exports from Grenada () to Denmark () (2022)

Exports from Denmark () to Grenada () (2022)

Latest Data

Trade between Grenada () and Denmark ()

Denmark Exports

Market Competitiveness

Difference in imports from Denmark () and Grenada () (2022)

Comparative Advantage Grenada - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Grenada () and Denmark () (2022)

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