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2023
Flag → Flag
Exports $49.6MRnk 5 / 76
2023
Flag → Flag
Top Product $27.6MProcessed Crustaceans
2023
Flag → Flag
Exports $13.3MRnk 175 / 220
2023
Flag → Flag
Top Product $1.21MSpecial purpose motor vehicles
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag
 GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC$54,343CURRENT US$
Rnk 21 / 196
2013-2023
Flag
GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195

About

Greenland-Germany Trade: In 2023, Greenland exported $49.6M to Germany. The main products that Greenland exported to Germany were Processed Crustaceans ($27.6M), Crustaceans ($9.68M), and Dried/Salted/Smoked/Brined Fish ($6.39M). Over the past 5 years the exports of Greenland to Germany have increased at an annualized rate of 31.7%, from $12.5M in 2018 to $49.6M in 2023.

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

Germany-Greenland Trade: In 2023, Germany exported $13.3M to Greenland. The main products that Germany exported to Greenland were Special purpose motor vehicles ($1.21M), Video Displays ($1.13M), and Rolled Tobacco ($962k). Over the past 5 years the exports of Germany to Greenland have decreased at an annualized rate of 13.5%,  from $27.5M in 2018 to $13.3M in 2023.

In 2023, Germany 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Greenland exported $49.6M to Germany. The main products exported from Greenland to Germany were Processed Crustaceans ($27.6M), Crustaceans ($9.68M), and Dried/Salted/Smoked/Brined Fish ($6.39M). During the last 5 years the exports of Greenland to Germany have increased at an annualized rate of 31.7%, from $12.5M in 2018 to $49.6M in 2023.

In 2018, Germany exported $13.3M to Greenland. The main products exported from Germany to Greenland were Special purpose motor vehicles ($1.21M), Video Displays ($1.13M), and Rolled Tobacco ($962k). During the last 5 years the exports of Germany to Greenland have decreased at an annualized rate of 13.5%, from $27.5M in 2023 to $13.3M in 2018.

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

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

Latest Data

Trade between Greenland (Flag) and Germany (Flag)

Greenland Exports

Germany Exports

Market Competitiveness

Color
Greenland
Top DestinationDenmark$830M
Germany
Top DestinationUnited States$157B

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

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

In 2023, countries that imported more from Germany than Greenland included United States ($157B), France ($118B), and Netherlands ($108B).

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

Comparative Advantage Greenland - Germany

Flow
Scale

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

During 2023, Greenland had a large net trade with Germany in the exports of Foodstuffs ($27.8M), Animal Products ($20.1M), and Machines ($940k).

During 2018, Germany had a large net trade with Greenland in the exports of Machines ($4.81M), Transportation ($2.06M), and Foodstuffs ($1.46M).

Economic Complexity

Competitive Landscape

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

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

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