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Pricing

2022
Flag → Flag
Exports $2.85MRnk 196 / 224
2022
Flag → Flag
Top Product $338kComputers
2022
Flag → Flag
Exports $86MRnk 3 / 66
2022
Flag → Flag
Top Product $52.4MProcessed Crustaceans
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

United Kingdom-Greenland Trade: In 2022, United Kingdom exported $2.85M to Greenland. The main products that United Kingdom exported to Greenland were Computers ($338k), Other Construction Vehicles ($299k), and Other Iron Products ($251k). Over the past 5 years the exports of United Kingdom to Greenland have decreased at an annualized rate of 19.5%, from $8.42M in 2017 to $2.85M in 2022.

In 2022, United Kingdom did not export any services to Greenland.

Greenland-United Kingdom Trade: In 2022, Greenland exported $86M to United Kingdom. The main products that Greenland exported to United Kingdom were Processed Crustaceans ($52.4M), Fish Fillets ($32.3M), and Crustaceans ($901k). Over the past 5 years the exports of Greenland to United Kingdom have increased at an annualized rate of 64.7%,  from $7.09M in 2017 to $86M in 2022.

In 2022, Greenland did not export any services to United Kingdom.

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42),  and 14 in total exports ($469B). That same year, Greenland ranked 152 in total exports ($1.49B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £74.9k and imported £964k from Greenland, resulting in a negative trade balance of £889k. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-1.29k (-1.7%) from £76.2k to £74.9k, while imports increased by £892k (1.24k%) from £72.2k to £964k.

Trade In August 2024, the top exports of United Kingdom to Greenland were Rubber Tires (£29.9k), Commodities not elsewhere specified (£9.16k), Lubricating Products (£6.66k), Other Furniture (£6.14k), and Raw Plastic Sheeting (£3.74k). In August 2024 the top imports of United Kingdom from Greenland were .

Origins In August 2024 the exports of United Kingdom were mainly from Immingham (£48.9k), East Midlands Airport (£17.2k), and London Heathrow Airport (£6.23k), while imports destinations were mainly London Heathrow Airport (£962k).

Growth In August 2024, the decrease in United Kingdom's year-by-year exports to Greenland was explained primarily by an decrease in product exports in . In August 2024, the increase in United Kingdom's year-by-year imports  from Greenland was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£-1.29k(-1.7%)
IMPORT GROWTH (August 2023 - August 2024)£892k(1.24k%)
MAIN EXPORTER (August 2024)Immingham£48.9k

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

To check Greenland and United Kingdom trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $2.85M to Greenland. The main products exported from United Kingdom to Greenland were Computers ($338k), Other Construction Vehicles ($299k), and Other Iron Products ($251k). During the last 5 years the exports of United Kingdom to Greenland have decreased at an annualized rate of 19.5%, from $8.42M in 2017 to $2.85M in 2022.

In 2017, Greenland exported $86M to United Kingdom. The main products exported from Greenland to United Kingdom were Processed Crustaceans ($52.4M), Fish Fillets ($32.3M), and Crustaceans ($901k). During the last 5 years the exports of Greenland to United Kingdom have increased at an annualized rate of 64.7%, from $7.09M in 2022 to $86M in 2017.

Exports from United Kingdom (Flag) to Greenland (Flag) (2022)

Exports from Greenland (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationN/AN/A
Greenland
Top DestinationN/AN/A

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

N/A

N/A

Difference in imports from Greenland (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Greenland

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Greenland in the exports of Machines ($1.25M), Metals ($922k), and Transportation ($260k).

During 2017, Greenland had a large net trade with United Kingdom in the exports of Foodstuffs ($52.7M), Animal Products ($33.2M), and Precious Metals ($53.4k).

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Greenland (Flag) (2022)

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