Grenada Major Exports
Grenada, known as the “Spice Isle” of the Caribbean, has a small but diverse economy with several important export commodities. Agriculture, particularly spice cultivation, remains a significant part of the country’s export portfolio. However, Grenada also exports a variety of other goods, including fish, cocoa, and manufactured products. The following is an overview of Grenada’s major exports, along with their trade values.
Nutmeg and Spices
Grenada is renowned for its nutmeg production, which is central to the country’s economy. The island has been historically recognized as one of the world’s top producers of nutmeg, alongside other spices like cinnamon and cloves.
Trade Value
- Nutmeg and other spices contribute significantly to Grenada’s export revenue, with nutmeg alone accounting for nearly $50 million USD in 2023.
- The spice sector represents approximately 20% of Grenada’s total export value, making it a cornerstone of the nation’s agricultural exports.
Key Export Markets
- United States
- European Union (mainly the United Kingdom, Germany, and France)
- Canada
Cocoa
Cocoa is another key agricultural export for Grenada, known for its high-quality beans that are often used in premium chocolate production. The country’s cacao industry is vital for the agricultural sector and contributes significantly to foreign exchange earnings.
Trade Value
- In 2023, cocoa exports were valued at approximately $30 million USD.
- Grenada’s cocoa is mainly used in the production of high-end chocolate, with increasing global demand for organic and fair-trade-certified products.
Key Export Markets
- United States
- European Union (especially Switzerland, Germany, and the UK)
- Canada
Fish and Seafood
Fishing plays an important role in Grenada’s economy, with the island’s waters providing an abundance of fish and seafood, including lobster, shrimp, and tuna. The fishing industry supports both local consumption and export markets.
Trade Value
- The export value of fish and seafood reached approximately $25 million USD in 2023.
- Lobster and shrimp are the most significant export species, with a growing demand for Grenada’s sustainably harvested seafood.
Key Export Markets
- United States
- Caribbean countries (Trinidad and Tobago, Barbados)
- European Union
Bananas
Although not as dominant as some of the island’s other agricultural exports, bananas are still a significant export product. Grenada’s banana production is largely targeted toward the regional Caribbean markets.
Trade Value
- In 2023, banana exports were valued at around $10 million USD, showing steady demand from neighboring countries.
- The banana sector, while small, plays a vital role in Grenada’s rural economy.
Key Export Markets
- Caricom countries (mainly Trinidad and Tobago)
- United Kingdom
Rum and Alcoholic Beverages
Grenada has a growing rum industry, with locally produced rum being a popular export. The island’s rum production is centered around the use of high-quality sugarcane, and Grenadian rum has gained recognition in global markets.
Trade Value
- Rum and other alcoholic beverages contributed approximately $15 million USD to Grenada’s export revenue in 2023.
- The rum industry is becoming increasingly important as tourism grows and international demand rises.
Key Export Markets
- United States
- United Kingdom
- Caribbean countries
Other Agricultural Products
In addition to spices, cocoa, and bananas, Grenada also exports a range of other agricultural products, including root crops, tropical fruits, and vegetables.
Trade Value
- Other agricultural exports, including products such as sweet potatoes, dasheen, and avocados, generated around $8 million USD in 2023.
- These products are mostly exported to regional markets and contribute to food security in the Caribbean.
Key Export Markets
- United States
- Caribbean countries
- Canada
Manufactured Products
While agriculture dominates Grenada’s export profile, the country has a small but growing manufacturing sector, particularly in food processing and small-scale electronics. These industries are vital for diversifying Grenada’s export portfolio.
Trade Value
- Manufactured products contributed about $5 million USD to Grenada’s exports in 2023.
- The processed food sector, including sauces, jams, and other foodstuffs, is the largest manufacturing sub-sector.
Key Export Markets
- Caribbean countries
- United States
- Canada
Summary of Key Export Categories
- Nutmeg and spices: $50 million USD
- Cocoa: $30 million USD
- Fish and seafood: $25 million USD
- Bananas: $10 million USD
- Rum and alcoholic beverages: $15 million USD
- Other agricultural products: $8 million USD
- Manufactured products: $5 million USD
Grenada’s economy remains heavily dependent on agriculture, particularly spices and cocoa. However, with the diversification into seafood, rum, and other agricultural products, Grenada continues to enhance its export capacity.
Top Products Exported by Grenada
Market Value: 69 (millions) – Last Updated: June, 2024
| Rank | Product | Trade Value (thousands) | Share (%) | Growth (% 5yr) |
| 1 | Nutmeg | 6,019 | 8.74 | -59.15 |
| 2 | Fresh Fish | 4,519 | 6.56 | 33.44 |
| 3 | Yachts & Other Pleasure Vessels | 2,639 | 3.83 | 0.00 |
| 4 | Sanitary & Toiletry Paper | 1,972 | 2.86 | 3.73 |
| 5 | Wheat & Meslin Flour | 1,916 | 2.78 | -38.10 |
| 6 | Animal Feed | 806 | 1.17 | 1.48 |
| 7 | Iron & Steel > 600 mm Wide – Clad | 803 | 1.17 | 157.25 |
| 8 | Knitted T-Shirts | 559 | 0.81 | 29.70 |
| 9 | Paints & Varnishes for Leather | 373 | 0.54 | -33.89 |
| 10 | Cocoa | 242 | 0.35 | -85.42 |
| 11 | Medicines in Doses | 135 | 0.20 | -67.42 |
| 12 | Bananas | 127 | 0.18 | -66.20 |
| 13 | Fresh Vegetables | 117 | 0.17 | -41.51 |
| 14 | Natural Vegetable Fats & Oils | 115 | 0.17 | 104.28 |
| 15 | Transformers, Converters & Power Supplies | 102 | 0.15 | -59.58 |
| 16 | Non-Knit Mens & Boys Shirts | 100 | 0.15 | 6,574.87 |
| 17 | Ferrous Waste & Scrap | 92 | 0.13 | 2,772.57 |
| 18 | Microphones | 73 | 0.11 | 114.29 |
| 19 | Shell Fish | 70 | 0.10 | -3.20 |
| 20 | Vans & Buses | 66 | 0.10 | 0.00 |
| 21 | Frozen Fish | 64 | 0.09 | 0.00 |
| 22 | Essent Oils Resinoid | 55 | 0.08 | -97.46 |
| 23 | Air Conditioners | 53 | 0.08 | 0.00 |
| 24 | Non-Adhesive Plastic Plates, Sheets & Film | 49 | 0.07 | 0.00 |
| 25 | Engine Parts | 46 | 0.07 | -57.58 |
| 26 | Refrigerators & Freezers | 43 | 0.06 | -63.05 |
| 27 | Non-Knit Womens & Girls Suits | 42 | 0.06 | -2.62 |
| 28 | Passenger Vehicles | 40 | 0.06 | -58.05 |
| 29 | Screws, Bolts & Nuts | 39 | 0.06 | 942.79 |
| 30 | Synthetic Filament Yarn | 38 | 0.06 | 0.00 |
| 31 | Ginger, Thyme & Spices | 38 | 0.05 | 86.89 |
| 32 | Cel Phones, Video Recorders & Radio Transcievers | 37 | 0.05 | 2,390.57 |
| 33 | Computers, Printers & Storage Units | 36 | 0.05 | 183.61 |
| 34 | Soft Drinks | 36 | 0.05 | -69.02 |
| 35 | Activated Carbon | 35 | 0.05 | 0.00 |
| 36 | Television, Radio & Assessory Parts | 33 | 0.05 | -96.60 |
| 37 | Air & Vacuum Pumps | 31 | 0.04 | -43.06 |
| 38 | Pasta | 30 | 0.04 | -34.77 |
| 39 | Measuring or Checking Instruments | 30 | 0.04 | 0.00 |
| 40 | Safety Glass | 29 | 0.04 | 0.00 |
| 41 | Aqueous Paint & Varnishes | 26 | 0.04 | 900.70 |
| 42 | Vegetable Saps & Extracts | 25 | 0.04 | 0.00 |
| 43 | Alcoholic Beverages | 24 | 0.03 | -47.08 |
| 44 | Non Sweetened Waters | 22 | 0.03 | -44.79 |
| 45 | Dates | 21 | 0.03 | -26.52 |
| 46 | Machinery For Working Rubber & Plastics | 20 | 0.03 | -70.79 |
| 47 | Aircraft Engines | 19 | 0.03 | 0.00 |
| 48 | Mechanical Machinery & Parts | 19 | 0.03 | 438.46 |
| 49 | Books | 19 | 0.03 | 2.01 |
| 50 | Chocolate | 18 | 0.03 | 1,116.21 |
| 51 | Copper Waste & Scrap | 18 | 0.03 | 446.72 |
| 52 | Beer | 17 | 0.02 | 130.68 |
| 53 | Rice | 17 | 0.02 | 0.00 |
| 54 | Cinnamon & Cinnamon Tree Flowers | 16 | 0.02 | -31.91 |
| 55 | Furniture & Parts | 16 | 0.02 | -43.17 |
| 56 | Cereal Flours | 15 | 0.02 | 420.42 |
| 57 | Pepper | 15 | 0.02 | -83.04 |
| 58 | Organic Surface-Active Agents | 14 | 0.02 | 0.00 |
| 59 | Engines & Motors | 14 | 0.02 | 1,014.51 |
| 60 | Weighing Machines | 14 | 0.02 | 495.32 |
| 61 | Padlocks | 14 | 0.02 | 0.00 |
| 62 | Articles of Plastics | 13 | 0.02 | 407.96 |
| 63 | Fresh Fruit | 13 | 0.02 | -9.36 |
| 64 | Switches, Relays & Fuses < 1000 Volts | 13 | 0.02 | 1,036.69 |
| 65 | Knitted Womens & Girls Blouses & Shirts | 12 | 0.02 | -35.30 |
| 66 | Fishing Vessels | 11 | 0.02 | 0.00 |
| 67 | Non-Knit Womens & Girls Blouses | 11 | 0.02 | -6.82 |
| 68 | Lamps & Lighting Fittings | 11 | 0.02 | 0.00 |
| 69 | Ink | 11 | 0.02 | 0.00 |
| 70 | Knitted Mens & Boys Shirts | 11 | 0.02 | -48.32 |
| 71 | Telephone, Fax & Switching Apparatus | 10 | 0.02 | -91.28 |
| 72 | Finishing Agents For Textiles | 10 | 0.02 | 0.00 |
| 73 | Iron & Steel Angles & Shapes | 10 | 0.01 | -83.36 |
| 74 | Food Preparations | 10 | 0.01 | 77.52 |
| 75 | Paper Labels | 10 | 0.01 | 0.00 |
| 76 | Taps, Cocks & Valves | 9 | 0.01 | -46.82 |
| 77 | Cereal Grains | 8 | 0.01 | 0.00 |
| 78 | Filters & Centrifuges | 8 | 0.01 | -56.52 |
| 79 | Medicines Not in Doses | 8 | 0.01 | 0.00 |
| 80 | Beauty & Make-up Perparations | 8 | 0.01 | 953.67 |
| 81 | Pumps For Liquids | 8 | 0.01 | -95.02 |
| 82 | Gaskets & Similar Joints of Metal Sheeting | 7 | 0.01 | 0.00 |
| 83 | Computer & Office Machines Parts | 7 | 0.01 | -87.65 |
| 84 | Machine Tools For Working Wood | 7 | 0.01 | 0.00 |
| 85 | Records & Tapes | 7 | 0.01 | 718.30 |
| 86 | Seats & Parts | 7 | 0.01 | 37.84 |
| 87 | Electric Water Heaters | 6 | 0.01 | -72.65 |
| 88 | Bread, Pastry & Cakes | 6 | 0.01 | -15.78 |
| 89 | Made-Up Clothes Accessories | 6 | 0.01 | -39.57 |
| 90 | Paper Transfers | 6 | 0.01 | -41.83 |
| 91 | Glass Containers For Packing | 6 | 0.01 | -36.03 |
| 92 | Parts For Fork Lifts, Bulldozers & Graders | 6 | 0.01 | 0.00 |
| 93 | Binders For Found Molds | 6 | 0.01 | -78.20 |
| 94 | Sand Blasting Machines | 6 | 0.01 | -42.26 |
| 95 | Electronic Integrated Circuits | 6 | 0.01 | 0.00 |
| 96 | Locust Beans | 5 | 0.01 | 221.98 |
| 97 | Melons & Papayas | 5 | 0.01 | -88.20 |
| 98 | Fruit & Vegetable Juice | 5 | 0.01 | 0.00 |
| 99 | Electric Signal & Safety Equipment | 5 | 0.01 | 0.00 |
| 100 | String Musical Instruments | 5 | 0.01 | -22.23 |
| 101 | Handbags, Wallets & Travel Goods | 4 | 0.01 | -95.62 |
| 102 | Aircraft Parts | 4 | 0.01 | 0.00 |
| 103 | Abrasive Powder | 4 | 0.01 | 0.00 |
| 104 | Motor Vehicle Parts | 4 | 0.01 | -82.36 |
| 105 | Molluscs | 4 | 0.01 | 65.15 |
| 106 | Instruments For Physical or Chemical Analysis | 4 | 0.01 | -81.07 |
| 107 | Olive Oil | 4 | 0.01 | -67.13 |
| 108 | Aluminum Waste & Scrap | 4 | 0.01 | 0.00 |
| 109 | Electric Motors & Generators | 3 | 0.00 | 0.00 |
| 110 | Parts For Electric Equipment | 3 | 0.00 | 0.00 |
| 111 | Knitted & Crocheted Fabrics | 3 | 0.00 | 0.00 |
| 112 | Parts of Electric Motors | 3 | 0.00 | -99.35 |
| 113 | Diesel Engines | 3 | 0.00 | -74.83 |
| 114 | Cassava | 2 | 0.00 | 39.78 |
| 115 | Household Articles | 2 | 0.00 | 0.00 |
| 116 | Hand Tools | 2 | 0.00 | 0.50 |
| 117 | Original Sculptures & Statues | 2 | 0.00 | 0.00 |
| 118 | Misc Tools | 2 | 0.00 | 0.00 |
| 119 | Tomatoes Prepared & Preserved | 2 | 0.00 | 0.00 |
| 120 | Iron & Steel Cloth | 2 | 0.00 | 0.00 |
| 121 | Plastic Containers | 2 | 0.00 | 0.00 |
| 122 | Reception Apparatus For Radiotelephony | 2 | 0.00 | -96.91 |
| 123 | Misc Headgear | 2 | 0.00 | -25.05 |
| 124 | Articles of Vulcanized Rubber | 2 | 0.00 | -63.69 |
| 125 | Leather Footwear | 1 | 0.00 | 0.00 |
| 126 | Stoves | 1 | 0.00 | -43.66 |
| 127 | Glass Mirrors | 1 | 0.00 | 0.00 |
| 128 | Malt Extract | 1 | 0.00 | 0.00 |
| 129 | Electric Capacitors | 1 | 0.00 | -89.33 |
| 130 | Non-Knit Womens & Girls Overcoats | 1 | 0.00 | 0.00 |
| 131 | Pictures & Photos | 1 | 0.00 | -88.88 |
| 132 | Tea | 1 | 0.00 | 0.16 |
| 133 | Articles of Wood | 1 | 0.00 | -49.91 |
| 134 | Insulated Wire & Cable | 1 | 0.00 | -88.11 |
| 135 | Trailers | 1 | 0.00 | -90.61 |
| 136 | Soap | 1 | 0.00 | -62.19 |
| 137 | Woven Cotton Fabrics – < 85% > 200G/M2 | 1 | 0.00 | 0.00 |
| 138 | Wood Sawn > 6 mm | 1 | 0.00 | -63.33 |
| 139 | Hand Paintings & Drawings | 1 | 0.00 | -89.95 |
| 140 | Personal Toilet Preparations | 1 | 0.00 | -23.04 |
| 141 | Transmission Shafts, Bearings & Parts | 1 | 0.00 | -88.19 |
| 142 | Machinery For Sorting Screening Minerals | 1 | 0.00 | 0.00 |
| 143 | Textile Products For Specific Tech Uses | 1 | 0.00 | 0.00 |
| 144 | Insecticides | 1 | 0.00 | -28.51 |
| 145 | Worn Clothing | 1 | 0.00 | 0.00 |
| 146 | Stoppers & Caps | 1 | 0.00 | 0.00 |
| 147 | Interchange Hand & Machine Tools | 1 | 0.00 | 0.00 |
| 148 | Articles of Iron & Steel | 1 | 0.00 | -64.87 |
| 149 | Medical, Dental & Vet Instruments | 1 | 0.00 | -94.87 |
| 150 | Oscilloscopes & Electrical Measuring Instruments | 1 | 0.00 | -91.93 |
| 151 | Sauces & Condiments | 0 | 0.00 | -95.20 |
| 152 | Plywood | 0 | 0.00 | 0.00 |
| 153 | Organic Composite Solvents & Thinners | 0 | 0.00 | -92.52 |
| 154 | Candles | 0 | 0.00 | -99.57 |
| 155 | Non-Knit Track Suits | 0 | 0.00 | -77.69 |
| 156 | Non-Knit Mens & Boys Suits | 0 | 0.00 | -88.71 |
| 157 | Printed Circuits | 0 | 0.00 | 0.00 |
| 158 | Wood Marquetry | 0 | 0.00 | 0.00 |
| 159 | Knitted Womens & Girls Suits | 0 | 0.00 | -88.97 |
| 160 | Articles of Aluminum | 0 | 0.00 | 0.00 |
| 161 | Video Recording Equipment | 0 | 0.00 | -96.77 |
| 162 | Bran | 0 | 0.00 | -99.42 |
| 163 | Knitted Pantyhose | 0 | 0.00 | 0.00 |
| 164 | Builders Ware of Plastics | 0 | 0.00 | -93.07 |
| 165 | TV Receivers | 0 | 0.00 | -97.14 |
| 166 | Composite Diagnostic & Lab Reagents | 0 | 0.00 | -90.52 |
| 167 | Glaziers Putty & Caulking | 0 | 0.00 | -98.47 |
| 168 | Jams & Jellies | 0 | 0.00 | -93.90 |
| 169 | Ceramic Tableware & Earthenware | 0 | 0.00 | 0.00 |
| 170 | Dishwashing & Packaging Machines | 0 | 0.00 | 0.00 |
| 171 | Hardware For Furniture, Doors & Windows | 0 | 0.00 | -89.20 |
| 172 | Calendars | 0 | 0.00 | 0.00 |
| 173 | Seeds: Anise Badian, Fennel, Coriander | 0 | 0.00 | -91.64 |
| 174 | Bed & Table Linen | 0 | 0.00 | -78.77 |
| 175 | Other Footwear | 0 | 0.00 | 0.00 |
| 176 | Electromech Domestic Appliances | 0 | 0.00 | -99.77 |
| 177 | Odoriferous Mixtures | 0 | 0.00 | -93.36 |
| 178 | Glassware For Table | 0 | 0.00 | -98.85 |
| 179 | Prepared Unrecorded Sound Media | 0 | 0.00 | -99.59 |
| 180 | Mattress Supports | 0 | 0.00 | 0.00 |
| 181 | Washers & Dryers | 0 | 0.00 | -99.82 |
| 182 | Citrus Fruit | 0 | 0.00 | 0.00 |
| 183 | Transmission Belts of Vulcanized Rubber | 0 | 0.00 | -96.81 |
| 184 | Salt | 0 | 0.00 | -98.91 |
| 185 | Instruments With Electric Sound Productions | 0 | 0.00 | -95.00 |
| 186 | Collectors Items of Botanic | 0 | 0.00 | 0.00 |
| 187 | Carpentry of Wood | 0 | 0.00 | -99.80 |
| 188 | Knitted Sweaters | 0 | 0.00 | 0.00 |
| 189 | Knitted Garments | 0 | 0.00 | 0.00 |
| 190 | Cloves | 0 | 0.00 | -99.16 |
| 191 | Watches | 0 | 0.00 | 0.00 |
| 192 | Plastic Tubes | 0 | 0.00 | 0.00 |
| 193 | Candy | 0 | 0.00 | -99.91 |
| 194 | Notebooks & Business Forms | 0 | 0.00 | -99.44 |
| 195 | Umbrellas | 0 | 0.00 | 0.00 |
| 196 | Electric Light Equipment | 0 | 0.00 | 0.00 |
| 197 | Springs & Leaves For Springs | 0 | 0.00 | -99.68 |