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Pricing

2022
Flag → Flag
Exports $230MRnk 60 / 217
2022
Flag → Flag
Top Product $214MRefined Petroleum
2022
Flag → Flag
Exports $87.4kRnk 35 / 66
2022
Flag → Flag
Top Product $41.2kProcessed Crustaceans
2022
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Economic Complexity (ECI) ECI 1.5Rnk 7 / 124
2022
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GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

Sweden-Greenland In 2022, Sweden exported $230M to Greenland. The main products that Sweden exported to Greenland are Refined Petroleum ($214M), Nitrogenous Fertilizers ($4.25M), and Video Displays ($1.26M). During the last 27 years the exports of Sweden to Greenland have increased at an annualized rate of 13.7%, from $7.24M in 1995 to $230M in 2022.

In 2022, Sweden did not export any services to Greenland.

Greenland-Sweden In 2022, Greenland exported $87.4k to Sweden. The main products that Greenland exported to Sweden were Processed Crustaceans ($41.2k), Transmissions ($20.6k), and Spark-Ignition Engines ($4.15k). During the last 27 years the exports of Greenland to Sweden have increased at an annualized rate of 1.6%, from $57k in 1995 to $87.4k in 2022.

In 2022, Greenland did not export any services to Sweden.

Comparison In 2022,  Sweden ranked 7 in the Economic Complexity Index (ECI 1.5),  and 33 in total exports ($194B). That same year, Greenland ranked 152 in total exports ($1.49B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2023

About

Overview In December 2023, Sweden exported SEK10.9M and imported SEK14k from Greenland, resulting in a positive trade balance of SEK10.9M. Between December 2022 and December 2023 the exports of Sweden have decreased by SEK-4.76M (-30.3%) from SEK15.7M to SEK10.9M, while imports decreased by SEK-13k (-48.1%) from SEK27k to SEK14k.

Trade In December 2023, the top exports of Sweden to Greenland were Nitrogenous Fertilizers (SEK2.27M), Video Displays (SEK894k), Microphones and Headphones (SEK792k), Video and Card Games (SEK650k), and Telephones (SEK546k). In December 2023 the top imports of Sweden from Greenland were Imitation Jewellery (SEK15k), Sports Equipment (SEK7k), and Felt or Coated Fabric Garments (SEK2k).

Growth In December 2023, the decrease in Sweden's year-by-year exports to Greenland was explained primarily by an decrease in product exports in Video Displays (SEK-393k or -30.5%), Computers (SEK-180k or -28.3%), and Other Edible Preparations (SEK-102k or -85%). In December 2023, the decrease in Sweden's year-by-year imports  from Greenland was explained primarily by an decrease in product imports  in Felt or Coated Fabric Garments (SEK-2k or -50%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)SEK-4.76M(-30.3%)
IMPORT GROWTH (December 2022 - December 2023)SEK-13k(-48.1%)

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

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $230M to Greenland. The main products exported from Sweden to Greenland were Refined Petroleum ($214M), Nitrogenous Fertilizers ($4.25M), and Video Displays ($1.26M). During the last 27 years the exports of Sweden to Greenland have increased at an annualized rate of 13.7%, from $7.24M in 1995 to $230M in 2022.

In 2022, Greenland exported $87.4k to Sweden. The main products exported from Greenland to Sweden were Processed Crustaceans ($41.2k), Transmissions ($20.6k), and Spark-Ignition Engines ($4.15k). During the last 27 years the exports of Greenland to Sweden have increased at an annualized rate of 1.6%, from $57k in 1995 to $87.4k in 2022.

Exports from Sweden (Flag) to Greenland (Flag) (2022)

Exports from Greenland (Flag) to Sweden (Flag) (2022)

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Greenland
Top DestinationDenmark$731M

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

In 2021, countries that imported more from Sweden than Greenland were Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2019, no countries were registered that imported more from Greenland than from Sweden.

Difference in imports from Greenland (Flag) and Sweden (Flag) (2022)

Comparative Advantage Sweden - Greenland

Flow
Scale

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

During 2022, Sweden had a large net trade with Greenland in the exports of Mineral Products ($214M), Machines ($7.46M), and Chemical Products ($4.45M).

During 2022, Greenland had a large net trade with Sweden in the exports of Foodstuffs ($41.2k), Machines ($33.1k), and Textiles ($5.54k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Sweden has comparative advantage over Greenland. Similarly, the more yellow a dot/product is, the more Greenland has comparative advantage over Sweden.

Product Space of Sweden (Flag) and Greenland (Flag) (2022)

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