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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
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

Sweden-Greenland Trade: In 2022, Sweden exported $230M to Greenland. The main products that Sweden exported to Greenland were Refined Petroleum ($214M), Nitrogenous Fertilizers ($4.25M), and Video Displays ($1.26M). Over the past 5 years the exports of Sweden to Greenland have increased at an annualized rate of 13.8%, from $121M in 2017 to $230M in 2022.

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

Greenland-Sweden Trade: 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). Over the past 5 years the exports of Greenland to Sweden have decreased at an annualized rate of 22.4%,  from $1.1M in 2017 to $87.4k in 2022.

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

Comparison In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49),  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

August, 2024

About

Overview In August 2024, Sweden exported SEK593M and imported SEK19k from Greenland, resulting in a positive trade balance of SEK593M. Between August 2023 and August 2024 the exports of Sweden have decreased by SEK-91.1M (-13.3%) from SEK684M to SEK593M, while imports increased by SEK7k (58.3%) from SEK12k to SEK19k.

Trade In August 2024, 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 August 2024 the top imports of Sweden from Greenland were Imitation Jewellery (SEK15k), Sports Equipment (SEK7k), and Felt or Coated Fabric Garments (SEK2k).

Growth In August 2024, 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 August 2024, the increase in Sweden's year-by-year imports  from Greenland was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK-91.1M(-13.3%)
IMPORT GROWTH (August 2023 - August 2024)SEK7k(58.3%)

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.

For full datasets download visit Bulk Download page.

Explore Greenland and Sweden Data

Go to Bulk Download

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 5 years the exports of Sweden to Greenland have increased at an annualized rate of 13.8%, from $121M in 2017 to $230M in 2022.

In 2017, 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 5 years the exports of Greenland to Sweden have decreased at an annualized rate of 22.4%, from $1.1M in 2022 to $87.4k in 2017.

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 2022, countries that imported more from Sweden than Greenland included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2022, 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 2017, 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 shows the product space at the HS4 level with the flags of Sweden and Greenland. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Greenland. Similarly, a dot/product with the flag of Greenland indicates it has a comparative advantage over Sweden.

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

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