2023
Flag
 GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC
$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195

About

Greenland-Norway Trade: In 2023, Greenland exported $41.1M to Norway. The main products that Greenland exported to Norway were Crustaceans ($23.5M), Passenger and Cargo Ships ($6.64M), and Non-fillet Frozen Fish ($5.27M). Over the past 5 years the exports of Greenland to Norway have decreased at an annualized rate of 0.83%, from $42.9M in 2018 to $41.1M in 2023.

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

Norway-Greenland Trade: In 2023, Norway exported $11M to Greenland. The main products that Norway exported to Greenland were Planes, Helicopters, and/or Spacecraft ($6.83M), Recreational Boats ($1.87M), and Delivery Trucks ($259k). Over the past 5 years the exports of Norway to Greenland have increased at an annualized rate of 34.1%,  from $2.54M in 2018 to $11M in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Greenland exported $41.1M to Norway. The main products exported from Greenland to Norway were Crustaceans ($23.5M), Passenger and Cargo Ships ($6.64M), and Non-fillet Frozen Fish ($5.27M). During the last 5 years the exports of Greenland to Norway have decreased at an annualized rate of 0.83%, from $42.9M in 2018 to $41.1M in 2023.

In 2018, Norway exported $11M to Greenland. The main products exported from Norway to Greenland were Planes, Helicopters, and/or Spacecraft ($6.83M), Recreational Boats ($1.87M), and Delivery Trucks ($259k). During the last 5 years the exports of Norway to Greenland have increased at an annualized rate of 34.1%, from $2.54M in 2023 to $11M in 2018.

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

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

Latest Data

Trade between Greenland (Flag) and Norway (Flag)

Greenland Exports

Norway Exports

Market Competitiveness

Color
Greenland
Top Destination
Denmark$830M
Norway
Top Destination
Germany$33.8B

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

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

In 2023, countries that imported more from Norway than Greenland included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

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

Comparative Advantage Greenland - Norway

Flow
Scale

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

During 2023, Greenland had a large net trade with Norway in the exports of Animal Products ($29.1M), Transportation ($6.65M), and Foodstuffs ($5.19M).

During 2018, Norway had a large net trade with Greenland in the exports of Transportation ($9.17M), Machines ($997k), and Textiles ($170k).

Economic Complexity

Competitive Landscape

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

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

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