Greenland
Compare Greenland →GL · GRL · BACI 304 · latest data 2024
Exports
= $1,580 M24.8% over 5 yrs (up)
Imports
= $992 M0.4% over 5 yrs (down)
Trade balancesurplus
= $589 M
Total trade
= $2,572 M13.7% over 5 yrs (up)
- World position
- #144 of 225 exporters · bottom half · #182 of 225 importers · bottom half · 2024
- World export share since 1995
- ±0.0 pp
Trade timeline
Greenland's exports grew from $427M in 1995 to $1.6B in 2024; the 2024 balance was $589M.
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| Year | Exports ($M) | Imports ($M) | Balance ($M) | Total ($M) |
|---|---|---|---|---|
| 1995 | $427 M | $362 M | $66 M | $789 M |
| 1996 | $436 M | $424 M | $11 M | $860 M |
| 1997 | $370 M | $330 M | $40 M | $701 M |
| 1998 | $369 M | $374 M | −$5 M | $743 M |
| 1999 | $403 M | $398 M | $5 M | $801 M |
| 2000 | $411 M | $307 M | $105 M | $718 M |
| 2001 | $364 M | $322 M | $42 M | $686 M |
| 2002 | $442 M | $356 M | $86 M | $798 M |
| 2003 | $509 M | $492 M | $18 M | $1,001 M |
| 2004 | $511 M | $608 M | −$98 M | $1,119 M |
| 2005 | $512 M | $690 M | −$178 M | $1,203 M |
| 2006 | $549 M | $693 M | −$144 M | $1,242 M |
| 2007 | $621 M | $794 M | −$173 M | $1,415 M |
| 2008 | $710 M | $1,008 M | −$298 M | $1,718 M |
| 2009 | $561 M | $795 M | −$234 M | $1,356 M |
| 2010 | $623 M | $909 M | −$286 M | $1,531 M |
| 2011 | $733 M | $1,011 M | −$278 M | $1,744 M |
| 2012 | $741 M | $919 M | −$178 M | $1,660 M |
| 2013 | $828 M | $892 M | −$64 M | $1,720 M |
| 2014 | $843 M | $897 M | −$54 M | $1,740 M |
| 2015 | $795 M | $713 M | $82 M | $1,508 M |
| 2016 | $914 M | $786 M | $128 M | $1,700 M |
| 2017 | $984 M | $849 M | $136 M | $1,833 M |
| 2018 | $1,137 M | $892 M | $245 M | $2,030 M |
| 2019 | $1,266 M | $995 M | $270 M | $2,261 M |
| 2020 | $1,336 M | $778 M | $559 M | $2,114 M |
| 2021 | $1,420 M | $936 M | $484 M | $2,356 M |
| 2022 | $1,523 M | $1,046 M | $477 M | $2,568 M |
| 2023 | $1,660 M | $1,106 M | $553 M | $2,766 M |
| 2024 | $1,580 M | $992 M | $589 M | $2,572 M |
Trading partners
Denmark was Greenland's top trading partner in 2024, at 53.5% of total trade; the top five partners covered 82.5%.
- Top partner share
- 53.5%
- Top-5 share
- 82.5%
- Partners
- 70
- Partner HHI (0–1)
- 0.319
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View partner table
| Rank | Partner | Exports to ($M) | Imports from ($M) | Total ($M) | Balance ($M) |
|---|---|---|---|---|---|
| #1 | Denmark | $719 M | $658 M | $1,376 M | $61 M |
| #2 | China | $377 M | $3 M | $380 M | $373 M |
| #3 | Sweden | $2 M | $178 M | $180 M | −$176 M |
| #4 | Iceland | $66 M | $30 M | $96 M | $36 M |
| #5 | United Kingdom | $88 M | $1 M | $90 M | $87 M |
| #6 | Japan | $77 M | $0 M | $77 M | $77 M |
| #7 | Germany | $45 M | $17 M | $62 M | $28 M |
| #8 | Norway | $35 M | $13 M | $48 M | $22 M |
| #9 | United States | $32 M | $13 M | $45 M | $20 M |
| #10 | Other Asia, nes | $37 M | $0 M | $37 M | $37 M |
| #11 | Netherlands | $3 M | $28 M | $31 M | −$24 M |
| #12 | Canada | $2 M | $26 M | $27 M | −$24 M |
| #13 | Poland | $18 M | $1 M | $19 M | $17 M |
| #14 | Morocco | $17 M | $0 M | $17 M | $17 M |
| #15 | Ukraine | $13 M | $0 M | $13 M | $13 M |
Products & sectors
Product composition of Greenland's trade in 2024.
Loading product detail for 2024 (large file, fetched on demand)…
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The product table loads with the product data for 2024.
Concentration & risk
Greenland's export partners diversified over 1995–2024 — HHI 0.535 → 0.274, a concentrated export base across 64 partners in 2024.
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| Year | Export HHI | Import HHI | Export partners | Import partners |
|---|---|---|---|---|
| 1995 | 0.535 | 0.455 | 41 | 90 |
| 1996 | 0.563 | 0.365 | 44 | 94 |
| 1997 | 0.484 | 0.335 | 45 | 93 |
| 1998 | 0.430 | 0.390 | 45 | 98 |
| 1999 | 0.417 | 0.374 | 47 | 101 |
| 2000 | 0.405 | 0.635 | 62 | 43 |
| 2001 | 0.395 | 0.392 | 57 | 36 |
| 2002 | 0.390 | 0.681 | 56 | 38 |
| 2003 | 0.428 | 0.354 | 61 | 126 |
| 2004 | 0.421 | 0.648 | 70 | 48 |
| 2005 | 0.447 | 0.543 | 62 | 42 |
| 2006 | 0.428 | 0.357 | 63 | 130 |
| 2007 | 0.370 | 0.512 | 65 | 82 |
| 2008 | 0.386 | 0.344 | 69 | 122 |
| 2009 | 0.395 | 0.398 | 66 | 129 |
| 2010 | 0.360 | 0.310 | 50 | 129 |
| 2011 | 0.390 | 0.314 | 67 | 128 |
| 2012 | 0.345 | 0.329 | 59 | 124 |
| 2013 | 0.304 | 0.346 | 72 | 123 |
| 2014 | 0.303 | 0.321 | 65 | 122 |
| 2015 | 0.264 | 0.357 | 67 | 123 |
| 2016 | 0.298 | 0.315 | 73 | 131 |
| 2017 | 0.303 | 0.321 | 71 | 128 |
| 2018 | 0.294 | 0.280 | 70 | 137 |
| 2019 | 0.350 | 0.328 | 63 | 47 |
| 2020 | 0.320 | 0.513 | 61 | 48 |
| 2021 | 0.299 | 0.442 | 72 | 51 |
| 2022 | 0.307 | 0.375 | 69 | 49 |
| 2023 | 0.311 | 0.390 | 76 | 48 |
| 2024 | 0.274 | 0.475 | 64 | 46 |
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