Venezuela (VEN) and Grenada (GRD) Trade | The Observatory of Economic Complexity

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Venezuela-Grenada Trade: In 2022, Venezuela exported $11.7k to Grenada. The main products that Venezuela exported to Grenada were Refined Petroleum ($5.13k), Non-fillet Frozen Fish ($4.81k), and Non-fillet Fresh Fish ($919). Over the past 5 years the exports of Venezuela to Grenada have decreased at an annualized rate of 37%, from $117k in 2017 to $11.7k in 2022.

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

Grenada-Venezuela Trade: In 2022, Grenada exported $201 to Venezuela. The main products that Grenada exported to Venezuela were N/A. Over the past 5 years the exports of Grenada to Venezuela have decreased at an annualized rate of 56%, from $12.2k in 2017 to $201 in 2022.

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

Comparison In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Grenada ranked 206 in total exports ($31.9M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $11.7k to Grenada. The main products exported from Venezuela to Grenada were Refined Petroleum ($5.13k), Non-fillet Frozen Fish ($4.81k), and Non-fillet Fresh Fish ($919). During the last 5 years the exports of Venezuela to Grenada have decreased at an annualized rate of 37%, from $117k in 2017 to $11.7k in 2022.

In 2015, Grenada exported $201 to Venezuela. There were not main exports from Grenada to Venezuela in 2015. During the last 5 years the exports of Grenada to Venezuela have decreased at an annualized rate of 56%, from $12.2k in 2020 to $201 in 2015.

Exports from Venezuela () to Grenada () (2022)

Exports from Grenada () to Venezuela () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Grenada
Top DestinationUnited States$10.5M

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

In 2022, countries that imported more from Venezuela than Grenada included China ($703M), Turkey ($597M), and Spain ($518M).

In 2022, countries that imported more from Grenada than Venezuela included Antigua and Barbuda ($3.14M), Saint Vincent and the Grenadines ($1.22M), and Barbados ($1.08M).

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

Comparative Advantage Venezuela - Grenada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Grenada in the exports of Animal Products ($5.73k), Mineral Products ($5.13k), and Precious Metals ($613).

During 2015, Grenada had a large net trade with Venezuela in the exports of .

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 Venezuela and Grenada. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Grenada. Similarly, a dot/product with the flag of Grenada indicates it has a comparative advantage over Venezuela.

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Grenada () (2022)

Exports from Grenada () to Venezuela () (2022)

Market Competitiveness

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

Comparative Advantage Venezuela - Grenada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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