Annual trade deficits are caused by the large flow of imports, including motor vehicles and other consumer goods, fuels, and fertilizer. Virtually all exports are agricultural products.
The spice trade supports Grenada, with the largest percentage of commodity exports, including nutmeg, mace, and cardamom (47%). Other important exports include cocoa (4%), paper (11%), fish (10%), and flour (10%).
In 1999 Grenada's imports were distributed among the following categories:
Consumer goods | 19.2% |
Food | 19.6% |
Fuels | 8.8% |
Industrial supplies | 24.3% |
Machinery | 8.5% |
Transportation | 9.6% |
Other | 0.1% |
Principal trading partners in 1999 (in millions of US dollars) were as follows:
COUNTRY | EXPORTS | IMPORTS | BALANCE |
Netherlands | 7.2 | 2.0 | 5.2 |
United States | 6.8 | 84.5 | -77.7 |
Germany | 4.0 | 1.4 | 2.6 |
St. Lucia | 2.5 | 1.4 | 1.1 |
Barbados | 1.9 | 5.6 | -3.7 |
United Kingdom | 1.4 | 16.2 | -14.8 |
Canada | 1.0 | 7.1 | -6.1 |
Trinidad and Tobago | 0.8 | 43.2 | -42.4 |
Japan | n.a. | 11.0 | n.a. |
Venezuela | n.a. | 2.3 | n.a. |
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