2023
Flag
 GDP
$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH
16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC
$53,431CURRENT US$
Rnk 22 / 196
2013-2023
Flag
GDP PC GROWTH
1.51%CURRENT US$
Rnk 152 / 195

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $1.43M in 2023.

In 2018, 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 2023 to $18.4M in 2018.

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

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

Latest Data

Trade between Greenland (Flag) and Canada (Flag)

Greenland Exports

Canada Exports

Market Competitiveness

Color
Greenland
Top Destination
Denmark$830M
Canada
Top Destination
United States$410B

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

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

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

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

Comparative Advantage Greenland - Canada

Flow
Scale

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

During 2023, Greenland had a large net trade with Canada in the exports of Animal Products ($1.04M), Precious Metals ($140k), and Mineral Products ($140k).

During 2018, Canada had a large net trade with Greenland in the exports of Machines ($8.32M), Transportation ($4.87M), and Metals ($2.07M).

Economic Complexity

Competitive Landscape

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

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

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