Greenland (GRL)
Annual exports and imports in 2024 (USD).
Source: UN Comtrade. Warehouse 1: partner = World totals by HS4 and year.
Greenland - trade dependency by partner, 2024 (USD)
| Rank | Partner | Export dependency | Import dependency | Total dependency |
|---|---|---|---|---|
| 1 | Denmark (DNK) | 85.3% $546.66M | 54.2% $449.48M | 67.8% $996.14M |
| 2 | Sweden (SWE) | 0.0% $0 | 17.1% $141.88M | 9.7% $141.88M |
| 3 | Spain (ESP) | 0.1% $440.16K | 11.5% $95.39M | 6.5% $95.83M |
| 4 | Latvia (LVA) | 3.7% $23.93M | 0.0% $0 | 1.6% $23.93M |
| 5 | Germany (DEU) | 0.0% $0 | 2.6% $21.25M | 1.4% $21.25M |
| 6 | China (CHN) | 0.0% $2.66K | 2.4% $20.12M | 1.4% $20.12M |
| 7 | Netherlands (NLD) | 0.0% $0 | 2.0% $16.46M | 1.1% $16.46M |
| 8 | Canada (CAN) | 0.0% $476 | 1.4% $11.40M | 0.8% $11.40M |
| 9 | USA (USA) | 0.0% $12.13K | 1.0% $8.35M | 0.6% $8.37M |
| 10 | Iceland (ISL) | 0.6% $3.62M | 0.4% $3.46M | 0.5% $7.08M |
- In 2024, Greenland's total international trade was $1.5B, ranking 177th in the world.
- Exports totaled $640.9M, with the top export being Fish and crustaceans, molluscs and other aquatic invertebrates (HS2 03) at $463.5M.
- Imports were valued at $829.2M. The largest import category was Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS2 27), valued at $136.9M.
- Denmark was Greenland's top trading partner, accounting for 85.3% of exports and 54.2% of imports.
- The country experienced a trade balance of -$188.3M in 2024.
- Top export partners after Denmark include Latvia and Portugal, while top import partners include Sweden and Spain.
Greenland's Trade Performance in 2024
In 2024, Greenland engaged in a total trade of $1.5B, ranking it at 177 among trading nations. The nation's exports were valued at $640.9M, while imports stood at $829.2M, leading to a trade deficit of -$188.3M. The economy's exports rank is 177, and its imports rank is 178.
Top Trading Partners
Greenland's trade is heavily concentrated with a few key partners. The primary export destination is Denmark, which received goods worth $546.7M, representing 85.3% of all exports. On the import side, Denmark is also the largest partner, supplying goods valued at $449.5M (54.2% of total imports). Other significant import partners include Sweden ($141.9M) and Spain ($95.4M).
Key Traded Products
The leading export category for Greenland is Fish and crustaceans, molluscs and other aquatic invertebrates (HS2 03), with a total export value of $463.5M, making up 72.3% of the country's total exports. The second most significant export is Meat, fish, crustaceans, molluscs or other aquatic invertebrates, or insects; preparations thereof (HS2 16). In terms of imports, Greenland's most significant purchase is Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS2 27) at $136.9M, followed by Ships, boats and floating structures (HS2 89) at $99.8M.
Exports
Greenland - exports over time (Exports), 2015-2018 (USD)
Top export categories
Largest HS2 categories by export value in the selected year.
Greenland - export composition by product categories (Exports), 2024 (USD)
Greenland - export composition by 4-digit product groups (Exports), 2024 (USD)
Imports
Greenland - imports over time (Imports), 2015-2018 (USD)
Top import categories
Largest HS2 categories by import value in the selected year.