Grenada has - since its establishment as a country (1974) - traded primarily under agreements established to favorably treat its exports at higher prices than the international free market (WTO, 2001). Even in light of this preferential treatment, Grenada has operated significant trade deficits throughout its history, resulting primarily from its industry mix (single crop agricultural) and constricted natural resource mix. From 1995 to 1999 Grenada experienced at least a 3 to 1 trade gap between its imports and exports (1999 imports of $202.7 million USD, exports of $54.5 million USD) (WTO, 2001). During that same time, Grenada primarily imported from the United States (41.8%) with Europe (13.1%) and neighboring Trinidad & Tobago (21.4%) representing a smaller portion of imports. Significantly, Europe represents a much larger portion of exports (42.1%) with Netherlands (19.8%) and Germany (11.1%) buying the lion share of goods from Grenada (WTO, 2001). Prior to the devastation of Hurricane Ivan in 2004, spices such as nutmeg (41.6%) and mace (5.2%) represented the major export products. Post hurricane Ivan, the European Union, one of the largest purchaser of Grenadian goods, has steadily decreased both imports and exports. In 2008, Grenada imported $30 million USD and exported $11 million USD to the EU. By 2012 those figures had dropped to $22 million USD in imports and $5.2 million USD for exports, resulting in a nearly 1/3 drop in total trade (EU, 2013). In 2010, the last year reliable figures global trade figures are available for Grenada, the largest export was fish (37%) with flavored water (14%) and processed wheat (12%) filling out the top 63% of total exports (IMTS, 2010).