Norway (NOR) and Greenland (GRL) Trade | The Observatory of Economic Complexity

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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.

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.

Comparison In 2023, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Greenland ranked 150 in total exports ($1.66B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK724k and imported NOK14.4M from Greenland, resulting in a negative trade balance of NOK13.7M. Between December 2023 and December 2024 the exports of Norway have increased by NOK206k (39.8%) from NOK518k to NOK724k, while imports decreased by NOK-2.65M (-15.5%) from NOK17.1M to NOK14.4M.

Trade In December 2024, the top exports of Norway to Greenland were Other transport equipment (NOK36M), General industrial machinery and equipment, n.e.s.,... (NOK105k), Manufactures of metals, n.e.s. (NOK84k), Machinery specialized for particular industries (NOK49k), and Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK28k). In December 2024 the top imports of Norway from Greenland were Fish (not marine mammals), crustaceans, molluscs... (NOK21.3M), Cork and wood manufactures (excluding furniture) (NOK17k), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK6k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0).

Growth In December 2024, the increase in Norway's year-by-year exports to Greenland was explained primarily by an increase in product exports in Manufactures of metals, n.e.s. (NOK74k or 740%) and General industrial machinery and equipment, n.e.s.,... (NOK26k or 32.9%). In December 2024, the decrease in Norway's year-by-year imports from Greenland was explained primarily by an decrease in product imports in Machinery specialized for particular industries (NOK-16k or -100%) and Leather, leather manufactures, n.e.s., and dressed... (NOK-1k or -100%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)NOK206k(39.8%)

IMPORT GROWTH (December 2023 - December 2024)NOK-2.65M(-15.5%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Greenland and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $11M in 2023.

In 2018, 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 2023 to $41.1M in 2018.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$33.8B

Greenland
Top DestinationDenmark$830M

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

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

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

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

Comparative Advantage Norway - Greenland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Norway had a large net trade with Greenland in the exports of Transportation ($9.17M), Machines ($997k), and Textiles ($170k).

During 2018, Greenland had a large net trade with Norway in the exports of Animal Products ($29.1M), Transportation ($6.65M), and Foodstuffs ($5.19M).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Norway - Greenland

Economic Complexity

Competitive Landscape

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

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