2023
Flag  
GDP
$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH
85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC 
$12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH
79.7%CURRENT US$
Rnk 17 / 195

About

China-Greenland Trade: In 2023, China exported $1.6M to Greenland. The main products that China exported to Greenland were Rubber Tires ($1.31M), Other Iron Products ($85k), and Insulated Wire ($71k). Over the past 5 years the exports of China to Greenland have decreased at an annualized rate of 39.6%, from $19.9M in 2018 to $1.6M in 2023.

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

Greenland-China Trade: In 2023, Greenland exported $380M to China. The main products that Greenland exported to China were Non-fillet Frozen Fish ($217M), Crustaceans ($158M), and Fish Fillets ($3.1M). Over the past 5 years the exports of Greenland to China have increased at an annualized rate of 10.4%,  from $232M in 2018 to $380M in 2023.

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

Comparison In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16),  and 1 in total exports ($3.42T). 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, China exported $1.6M to Greenland. The main products exported from China to Greenland were Rubber Tires ($1.31M), Other Iron Products ($85k), and Insulated Wire ($71k). During the last 5 years the exports of China to Greenland have decreased at an annualized rate of 39.6%, from $19.9M in 2018 to $1.6M in 2023.

In 2018, Greenland exported $380M to China. The main products exported from Greenland to China were Non-fillet Frozen Fish ($217M), Crustaceans ($158M), and Fish Fillets ($3.1M). During the last 5 years the exports of Greenland to China have increased at an annualized rate of 10.4%, from $232M in 2023 to $380M in 2018.

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

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

Market Competitiveness

Color
China
Top Destination
United States$436B
Greenland
Top Destination
Denmark$830M

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

In 2023, countries that imported more from China than Greenland included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

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

Comparative Advantage China - Greenland

Flow
Scale

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

During 2023, China had a large net trade with Greenland in the exports of Plastics and Rubbers ($1.32M), Machines ($108k), and Metals ($92.6k).

During 2018, Greenland had a large net trade with China in the exports of Animal Products ($378M), Foodstuffs ($1.28M), and Instruments ($68k).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with