2023
Flag  
GDP
$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH
-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
GDP PC 
$13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH
-13.3%CURRENT US$
Rnk 170 / 195

About

Russia-Greenland Trade: In 2021, Russia exported $147k to Greenland. The main products that Russia exported to Greenland were N/A. Over the past 5 years the exports of Russia to Greenland have increased at an annualized rate of 21.8%, from $54.8k in 2016 to $147k in 2021.

In 2013, Russia exported services to Greenland worth $100k, with Communications services ($100k) being the largest in terms of value.

Greenland-Russia Trade: In 2021, Greenland exported $103M to Russia. The main products that Greenland exported to Russia were N/A. Over the past 5 years the exports of Greenland to Russia have increased at an annualized rate of 10.7%,  from $62.3M in 2016 to $103M in 2021.

In 2021, Greenland did not export any services to Russia.

Comparison In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3),  and 18 in total exports ($394B). That same year, Greenland ranked 150 in total exports ($1.66B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Russia exported $147k to Greenland. There were not main exports from Russia to Greenland in 2021. During the last 5 years the exports of Russia to Greenland have increased at an annualized rate of 21.8%, from $54.8k in 2016 to $147k in 2021.

In 2016, Greenland exported $103M to Russia. There were not main exports from Greenland to Russia in 2016. During the last 5 years the exports of Greenland to Russia have increased at an annualized rate of 10.7%, from $62.3M in 2021 to $103M in 2016.

Exports from Russia (Flag) to Greenland (Flag) (2021)

Exports from Greenland (Flag) to Russia (Flag) (2021)

Market Competitiveness

Color
Russia
Top Destination
China$129B
Greenland
Top Destination
Denmark$830M

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

In 2023, countries that imported more from Russia than Greenland included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Greenland than Russia included Denmark ($830M), Iceland ($38.3M), and Ukraine ($13.5M).

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

Comparative Advantage Russia - Greenland

Flow
Scale

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

During 2021, Russia had a large net trade with Greenland in the exports of .

During 2016, Greenland had a large net trade with Russia in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Russia (Flag) and Greenland (Flag) (2021)

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