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Pricing

2023
Flag → Flag
Exports $18.4MRnk 138 / 215
2023
Flag → Flag
Top Product $4.55MStone Processing Machines
2023
Flag → Flag
Exports $1.43MRnk 22 / 76
2023
Flag → Flag
Top Product $314kOther Inedible Animal Products
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

Canada-Greenland Trade: In 2023, Canada exported $18.4M to Greenland. The main products that Canada exported to Greenland were Stone Processing Machines ($4.55M), Planes, Helicopters, and/or Spacecraft ($4M), and Excavation Machinery ($997k). Over the past 5 years the exports of Canada to Greenland have decreased at an annualized rate of 7.92%, from $27.7M in 2018 to $18.4M in 2023.

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

Greenland-Canada Trade: In 2023, Greenland exported $1.43M to Canada. The main products that Greenland exported to Canada were Other Inedible Animal Products ($314k), Non-fillet Frozen Fish ($301k), and Crustaceans ($272k). Over the past 5 years the exports of Greenland to Canada have increased at an annualized rate of 30.2%,  from $383k in 2018 to $1.43M in 2023.

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

Comparison In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9),  and 10 in total exports ($574B). That same year, Greenland ranked 150 in total exports ($1.66B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$513k and imported C$52.3k from Greenland, resulting in a positive trade balance of C$460k. Between November 2023 and November 2024 the exports of Canada have decreased by C$-8.06M (-94%) from C$8.58M to C$513k, while imports decreased by C$-276k (-84.1%) from C$329k to C$52.3k.

Trade In November 2024, the top exports of Canada to Greenland were Ball Bearings (C$177k), Aircraft parts for spacecraft, UAVs, and... (C$53.5k), Telephones (C$26.1k), Other Measuring Instruments (C$20.1k), and Industrial Food Preperation Machinery (C$19.6k). In November 2024 the top imports of Canada from Greenland were Precious Stones (C$8.27k).

Origins In November 2024 the exports of Canada were mainly from Ontario (C$468k), Alberta (C$42.3k), and Quebec (C$2.68k), while imports destinations were mainly Ontario (C$28.4k), Alberta (C$23.6k), Newfoundland Labrador (C$221), and Quebec (C$134).

Growth In November 2024, the decrease in Canada's year-by-year exports to Greenland was explained primarily by an decrease in product exports in Non-Knit Women's Suits (C$-52 or -3.01%). In November 2024, the decrease in Canada's year-by-year imports  from Greenland was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$-8.06M(-94%)
IMPORT GROWTH (November 2023 - November 2024)C$-276k(-84.1%)
MAIN EXPORTER (November 2024)OntarioC$468k

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Greenland and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $18.4M to Greenland. The main products exported from Canada to Greenland were Stone Processing Machines ($4.55M), Planes, Helicopters, and/or Spacecraft ($4M), and Excavation Machinery ($997k). During the last 5 years the exports of Canada to Greenland have decreased at an annualized rate of 7.92%, from $27.7M in 2018 to $18.4M in 2023.

In 2018, Greenland exported $1.43M to Canada. The main products exported from Greenland to Canada were Other Inedible Animal Products ($314k), Non-fillet Frozen Fish ($301k), and Crustaceans ($272k). During the last 5 years the exports of Greenland to Canada have increased at an annualized rate of 30.2%, from $383k in 2023 to $1.43M in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Greenland
Top DestinationDenmark$830M

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

In 2023, countries that imported more from Canada than Greenland included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Greenland than Canada included Denmark ($830M).

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

Comparative Advantage Canada - Greenland

Flow
Scale

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

During 2023, Canada had a large net trade with Greenland in the exports of Machines ($8.32M), Transportation ($4.87M), and Metals ($2.07M).

During 2018, Greenland had a large net trade with Canada in the exports of Animal Products ($1.04M), Precious Metals ($140k), and Mineral Products ($140k).

Economic Complexity

Competitive Landscape

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

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

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