Grenada

Grenada ranked No. 160 in total trade value through June with a total of $55.25 million. Exports totaled $49.79 million and Imports totaled $5.46 million, a surplus of $44.34 million.

U.S. trade with Grenada rose to $55.25 million through June

Grenada’s trade with the United States rose to $55.25 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 13.21 percent below its total trade during the same time period last year. U.S. exports to Grenada decreased 9.89 percent while U.S. imports from Grenada fell 35.08 percent. The U.S. surplus with Grenada was $44.34 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port Everglades, Fla.; No. 2 Miami Int’l Airport; No. 3 Port of Palm Beach, Fla.; No. 4 Port Miami; and No. 5 Low-Valued Imports and Exports. During the same period the previous year, the top five were No. 1 Port Everglades, Fla.; No. 2 Miami Int’l Airport; No. 3 Port of Palm Beach, Fla.; No. 4 Low-Valued Imports and Exports and No. 5 Port of New Orleans. In the current time period, the top five accounted for 68.29 percent of Grenada’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Everglades, Fla. fell 31 percent to $10.97 million.
    Exports fell 31.37 percent to $10.84 million. Imports rose 27.33 percent to $128,542.
  • Trade with No. 2 Miami Int’l Airport fell 25.88 percent to $8.07 million.
    Exports fell 8.36 percent to $3.86 million. Imports fell 36.96 percent to $4.2 million.
  • Trade with No. 3 Port of Palm Beach, Fla. fell 28.35 percent to $7.47 million.
    Exports fell 28.35 percent to $7.47 million. There were no imports.
  • Trade with No. 4 Port Miami rose 89.14 percent to $5.73 million.
    Exports rose 89.35 percent to $5.73 million. There were no imports.
  • Trade with No. 5 Low-Valued Imports and Exports fell 5.24 percent to $5.49 million.
    Exports fell 5.24 percent to $5.49 million. There were no imports.

Grenada ranked No. 160 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 161.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Grenada by value through June were the categories of Low value shipments; Gasoline, other fuels; Returned exports, with change; Prepared foods, beverages; and Prefabricated buildings, respectively. They accounted for 37.54 percent of total exports to Grenada.

The value of the top five categories of U.S. imports from Grenada –– Fish, fresh or chilled; Frozen fruit, nuts; Strawberries, blueberries, raspberries, etc.; Nutmeg, Mace and Cardamoms; and Estimates of low-value imports –– accounted for 89.77 percent of all inbound shipments.

Looking more closely at U.S. exports to Grenada:

  • Low value shipments fell 5.24 percent compared to last year to $5.49 million.
  • Gasoline, other fuels rose 73.82 percent compared to last year to $4.97 million.
  • Returned exports, with change rose 64.17 percent compared to last year to $4.54 million.
  • Prepared foods, beverages rose 28.08 percent compared to last year to $1.93 million.
  • Prefabricated buildings rose 1258.46 percent compared to last year to $1.76 million.

Looking more closely at U.S. imports from Grenada:

  • Fish, fresh or chilled fell 46.04 percent compared to last year to $3.06 million.
  • Frozen fruit, nuts fell 9.74 percent compared to last year to $580,838.
  • Strawberries, blueberries, raspberries, etc. fell 30.9 percent compared to last year to $527,439.
  • Nutmeg, Mace and Cardamoms rose 21.82 percent compared to last year to $390,578.
  • Estimates of low-value imports fell 25.6 percent compared to last year to $334,613.

In the latest annual figures available, Grenada recorded $132.04 million in trade with the United States. Total U.S. exports to Grenada were $ 118.19 million and imports from Grenada were $13.85 million. The U.S. surplus with Grenada was $104.34 million.