Italy (ITA) and Greenland (GRL) Trade | The Observatory of Economic Complexity

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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 5 years the exports of Italy to Greenland have decreased at an annualized rate of 53.4%, from $23.3M in 2018 to $509k in 2023.

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

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 5 years the exports of Greenland to Italy have decreased at an annualized rate of 42.8%, from $177k in 2018 to $10.9k in 2023.

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

Comparison In 2023, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Greenland ranked 150 in total exports ($1.66B), and does not have data regarding Economic Complexity Index.

Latest Trends

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Overview In N/A, Italy exported €N/A and imported €N/A from Greenland, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Italy to Greenland were . In N/A the top imports of Italy from Greenland were .

Growth In N/A, the N/A in Italy's year-by-year exports to Greenland was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy's year-by-year imports from Greenland was explained primarily by an decrease in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $509k in 2023.

In 2018, 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 5 years the exports of Greenland to Italy have decreased at an annualized rate of 42.8%, from $177k in 2023 to $10.9k in 2018.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Italy
Top DestinationGermany$71.4B

Greenland
Top DestinationDenmark$830M

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

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

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

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

Comparative Advantage Italy - Greenland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Italy had a large net trade with Greenland in the exports of Instruments ($137k), Transportation ($133k), and Textiles ($90.1k).

During 2018, Greenland had a large net trade with Italy in the exports of Machines ($9.21k) and Instruments ($1.67k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Italy - Greenland

Economic Complexity

Competitive Landscape

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Italy - Greenland

Economic Complexity

Competitive Landscape

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

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