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Pricing

2022
Flag → Flag
Exports $15.6MRnk 174 / 223
2022
Flag → Flag
Top Product $2.37MSpark-Ignition Engines
2022
Flag → Flag
Exports $45.1MRnk 6 / 66
2022
Flag → Flag
Top Product $26.9MProcessed Crustaceans
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag  
GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186

About

Germany-Greenland Trade: In 2022, Germany exported $15.6M to Greenland. The main products that Germany exported to Greenland were Spark-Ignition Engines ($2.37M), Gas Turbines ($1.62M), and Special purpose motor vehicles ($1.18M). Over the past 5 years the exports of Germany to Greenland have decreased at an annualized rate of 6.74%, from $22.1M in 2017 to $15.6M in 2022.

In 2022, Germany did not export any services to Greenland.

Greenland-Germany Trade: In 2022, Greenland exported $45.1M to Germany. The main products that Greenland exported to Germany were Processed Crustaceans ($26.9M), Crustaceans ($7.05M), and Fish: dried, salted, smoked or in brine ($4.36M). Over the past 5 years the exports of Greenland to Germany have increased at an annualized rate of 22.6%,  from $16.3M in 2017 to $45.1M in 2022.

In 2022, Greenland did not export any services to Germany.

Comparison In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78),  and 3 in total exports ($1.6T). That same year, Greenland ranked 152 in total exports ($1.49B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Germany exported €817k and imported €2.87M from Greenland, resulting in a negative trade balance of €2.05M. Between July 2023 and July 2024 the exports of Germany have decreased by €-122k (-13%) from €939k to €817k, while imports decreased by €-4.05M (-58.6%) from €6.92M to €2.87M.

Trade In July 2024, the top exports of Germany to Greenland were Telecommunication devices and apparatus (€179k), Pharmaceutical products (€110k), Other food of vegetable origin (€55k), Footwear (€48k), and Other machinery (€42k). In July 2024 the top imports of Germany from Greenland were Fish and crustaceans, molluscs (€540k), Office and automatic data processing machines (€96k), Machinery for electricity production, distribution (€24k), Returned goods (€16k), and Articles of paper (€3k).

Origins In July 2024 the exports of Germany were mainly from North Rhine-Westphalia (€91k), Rhineland-Pfalz (€86k), Schleswig-Holstein (€40k), Baden-Württemberg (€14k), and Bavaria (€8k), while imports destinations were mainly Lower Saxony (€2.66M), Bremen (€89k), North Rhine-Westphalia (€72k), Hamburg (€36k), and Schleswig-Holstein (€16k).

Growth In July 2024, the decrease in Germany's year-by-year exports to Greenland was explained primarily by an decrease in product exports in Engines (excl. for tractor,aircraft, road vehicle) (€-58k or -100%), Lorries and special purpose motor vehicles (€-36k or -70.6%), and Articles of plastic (€-29k or -96.7%). In July 2024, the decrease in Germany's year-by-year imports  from Greenland was explained primarily by an decrease in product imports  in Telecommunication devices and apparatus (€-24k or -88.9%) and Office and automatic data processing machines (€-23k or -19.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€-122k(-13%)
IMPORT GROWTH (July 2023 - July 2024)€-4.05M(-58.6%)
MAIN EXPORTER (July 2024)North Rhine-Westphalia€91k

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

To check Greenland and Germany 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 2022, Germany exported $15.6M to Greenland. The main products exported from Germany to Greenland were Spark-Ignition Engines ($2.37M), Gas Turbines ($1.62M), and Special purpose motor vehicles ($1.18M). During the last 5 years the exports of Germany to Greenland have decreased at an annualized rate of 6.74%, from $22.1M in 2017 to $15.6M in 2022.

In 2017, Greenland exported $45.1M to Germany. The main products exported from Greenland to Germany were Processed Crustaceans ($26.9M), Crustaceans ($7.05M), and Fish: dried, salted, smoked or in brine ($4.36M). During the last 5 years the exports of Greenland to Germany have increased at an annualized rate of 22.6%, from $16.3M in 2022 to $45.1M in 2017.

Exports from Germany (Flag) to Greenland (Flag) (2022)

Exports from Greenland (Flag) to Germany (Flag) (2022)

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Greenland
Top DestinationDenmark$731M

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

In 2022, countries that imported more from Germany than Greenland included United States ($153B), France ($120B), and Netherlands ($109B).

In 2022, no countries were registered that imported more from Greenland than from Germany.

Difference in imports from Greenland (Flag) and Germany (Flag) (2022)

Comparative Advantage Germany - Greenland

Flow
Scale

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

During 2022, Germany had a large net trade with Greenland in the exports of Machines ($7.05M), Transportation ($2.81M), and Foodstuffs ($1.19M).

During 2017, Greenland had a large net trade with Germany in the exports of Foodstuffs ($27.3M), Animal Products ($16.3M), and Machines ($1.07M).

Economic Complexity

Competitive Landscape

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

Product Space of Germany (Flag) and Greenland (Flag) (2022)

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