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2023
Flag → Flag
Exports $10.9kRnk 54 / 76
2023
Flag → Flag
Top Product $9.21kLow-voltage Protection Equipment
2023
Flag → Flag
Exports $509kRnk 202 / 219
2023
Flag → Flag
Top Product $133kCars
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$39,003CURRENT US$
Rnk 32 / 196
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Greenland-Italy Trade: In 2023, Greenland exported $10.9k to Italy. The main products that Greenland exported to Italy were Low-voltage Protection Equipment ($9.21k) and Surveying Equipment ($1.67k). Over the past 7 years the exports of Greenland to Italy have decreased at an annualized rate of 24.2%, from $75.5k in 2016 to $10.9k in 2023.

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

Italy-Greenland Trade: In 2023, Italy exported $509k to Greenland. The main products that Italy exported to Greenland were Cars ($133k), Eyewear ($58.8k), and Non-Knit Women's Coats ($36.9k). Over the past 7 years the exports of Italy to Greenland have decreased at an annualized rate of 53.4%,  from $23.3M in 2016 to $509k in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Greenland exported $10.9k to Italy. The main products exported from Greenland to Italy were Low-voltage Protection Equipment ($9.21k) and Surveying Equipment ($1.67k). During the last 7 years the exports of Greenland to Italy have decreased at an annualized rate of 24.2%, from $75.5k in 2016 to $10.9k in 2023.

In 2018, Italy exported $509k to Greenland. The main products exported from Italy to Greenland were Cars ($133k), Eyewear ($58.8k), and Non-Knit Women's Coats ($36.9k). During the last 5 years the exports of Italy to Greenland have decreased at an annualized rate of 53.4%, from $23.3M in 2023 to $509k in 2018.

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

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

Latest Data

Trade between Greenland (Flag) and Italy (Flag)

Greenland Exports

Italy Exports

Market Competitiveness

Color
Greenland
Top DestinationDenmark$830M
Italy
Top DestinationGermany$71.4B

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

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

In 2023, countries that imported more from Italy than Greenland included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Comparative Advantage Greenland - Italy

Flow
Scale

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

During 2023, Greenland had a large net trade with Italy in the exports of Machines ($9.21k) and Instruments ($1.67k).

During 2018, Italy had a large net trade with Greenland in the exports of Instruments ($137k), Transportation ($133k), and Textiles ($90.1k).

Economic Complexity

Competitive Landscape

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

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

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