Greenland (GRL) and Armenia (ARM) Trade | The Observatory of Economic Complexity

About

Greenland-Armenia Trade: In 2022, Greenland exported $566k to Armenia. The main products that Greenland exported to Armenia were Crustaceans ($566k). Over the past 5 years the exports of Greenland to Armenia have increased at an annualized rate of 203%, from $2.22k in 2017 to $566k in 2022.

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

Armenia-Greenland In N/A, Armenia did not export any products to Greenland.

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

Comparison In 2022, Greenland ranked 152 in total exports ($1.49B), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Greenland exported $566k to Armenia. The main products exported from Greenland to Armenia were Crustaceans ($566k). During the last 5 years the exports of Greenland to Armenia have increased at an annualized rate of 203%, from $2.22k in 2017 to $566k in 2022.

Armenia does not register exports to Greenland.

Exports from Greenland () to Armenia () (2022)

Exports from Armenia () to Greenland () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greenland
Top DestinationDenmark$731M

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Greenland than Armenia included Denmark ($731M), United Kingdom ($86M), and Japan ($77M).

In 2022, countries that imported more from Armenia than Greenland included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

Difference in imports from Armenia () and Greenland () (2022)

Comparative Advantage Greenland - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Greenland had a large net trade with Armenia in the exports of Animal Products ($566k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Greenland () to Armenia () (2022)

Exports from Armenia () to Greenland () (2022)

Market Competitiveness

Difference in imports from Armenia () and Greenland () (2022)

Comparative Advantage Greenland - Armenia

Economic Complexity

Competitive Landscape

Product Space of Greenland () and Armenia () (2022)

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