Exporting guide to Grenada
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 were 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.
Grenada: at a glance
Currency
Eastern Caribbean dollar
Business language
English
GDP per capita
$9,856
UK is $47,203(IMF, 2021, projected figures)
Economic growth
5.6%
(IMF, 2021, projected figure)
Time zone
GMT -4
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Check for trade barriers
Trade barriers, such as tariffs or taxes, can raise costs, cause delays, or even stop you from exporting. Check for any issues that may impact your business when exporting.
Check duties and customs
Find information on how to export goods from the UK. View the duties, rules, restrictions, and the documents you need for your products.
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.
