Exporting to Grenada

Grenada is an island in the West Indies at the southern end of the Grenadines island chain. In the year to June 2019, the total trade in goods and services between the UK and Grenada was £47 million.

Imported services

In 2018, the top services imported from the rest of the world by Grenada were business services (38.6%), transport (24.7%) and financial services (11.3%) (ITC Trade Map, 2019). Other services included travel and insurance and pension services (ITC Trade Map, 2019). If you are a UK business operating in these industries, Grenada could be a good market for you.

UK exports

In the year to June 2019, the total UK exports to Grenada amounted to £18 million (an increase of 12.5% compared with the previous year) (ONS, 2019). Of all UK exports to Grenada 47.8% (£14 million) were goods, and 22.2% (£4 million) were services. UK businesses could benefit from this demand for UK exports.

Demand for goods

In the year to June 2019, the top goods exported from the UK to Grenada electrical goods, consumer manufactures, industrial machinery and pharmaceutical products (ONS, 2019). If you operate in these industries, Grenada could be a good market for you.

Ease of doing business

146th

out of 190 countries (World Bank, 2020)

Currency

Eastern Caribbean dollar

Business language

English

GDP per capita

$10,933

UK is $41,030 (IMF, 2019)

Economic growth

4.2%

(IMF, 2019)

Time zone

GMT -4

Next steps

DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.