2023
Flag  
GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC 
$56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195

About

Austria-Greenland Trade: In 2023, Austria exported $146k to Greenland. The main products that Austria exported to Greenland were Binoculars and Telescopes ($42.4k), LCDs ($21.8k), and Gas and Liquid Flow Measuring Instruments ($16.1k). Over the past 5 years the exports of Austria to Greenland have decreased at an annualized rate of 40.6%, from $1.98M in 2018 to $146k in 2023.

In 2023, Austria did not export any services to Greenland.

Greenland-Austria Trade: In 2023, Greenland exported $674k to Austria. The main products that Greenland exported to Austria were Non-fillet Fresh Fish ($325k), Fish Fillets ($156k), and Processed Crustaceans ($97.4k). Over the past 5 years the exports of Greenland to Austria have increased at an annualized rate of 53.9%,  from $78.2k in 2018 to $674k in 2023.

In 2023, Greenland did not export any services to Austria.

Comparison In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56),  and 31 in total exports ($204B). That same year, Greenland ranked 150 in total exports ($1.66B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Austria exported $146k to Greenland. The main products exported from Austria to Greenland were Binoculars and Telescopes ($42.4k), LCDs ($21.8k), and Gas and Liquid Flow Measuring Instruments ($16.1k). During the last 5 years the exports of Austria to Greenland have decreased at an annualized rate of 40.6%, from $1.98M in 2018 to $146k in 2023.

In 2018, Greenland exported $674k to Austria. The main products exported from Greenland to Austria were Non-fillet Fresh Fish ($325k), Fish Fillets ($156k), and Processed Crustaceans ($97.4k). During the last 5 years the exports of Greenland to Austria have increased at an annualized rate of 53.9%, from $78.2k in 2023 to $674k in 2018.

Exports from Austria (Flag) to Greenland (Flag) (2023)

Exports from Greenland (Flag) to Austria (Flag) (2023)

Latest Data

Trade between Austria (Flag) and Greenland (Flag)

Austria Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$51B
Greenland
Top Destination
Denmark$830M

This map shows whether countries import more from Austria or Greenland. Each country is colored based on the difference in imports they receive from Austria and Greenland or the difference in the growth in imports.

In 2023, countries that imported more from Austria than Greenland included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

In 2023, no countries were registered that imported more from Greenland than from Austria.

Difference in imports from Greenland (Flag) and Austria (Flag) (2023)

Comparative Advantage Austria - Greenland

Flow
Scale

This chart compares trade between Austria and Greenland by product, considering products traded by both, Austria and Greenland.

During 2023, Austria had a large net trade with Greenland in the exports of Instruments ($86.9k), Textiles ($17.2k), and Metals ($16.6k).

During 2018, Greenland had a large net trade with Austria in the exports of Animal Products ($530k), Foodstuffs ($143k), and Textiles ($483).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Austria and Greenland. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Greenland. Similarly, a dot/product with the flag of Greenland indicates it has a comparative advantage over Austria.

Product Space of Austria (Flag) and Greenland (Flag) (2023)

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