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2023
Flag → Flag
Exports $211MRnk 62 / 216
2023
Flag → Flag
Top Product $192MRefined Petroleum
2023
Flag → Flag
Exports $82.1kRnk 40 / 76
2023
Flag → Flag
Top Product $34.3kProcessed Crustaceans
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195

About

Sweden-Greenland Trade: In 2023, Sweden exported $211M to Greenland. The main products that Sweden exported to Greenland were Refined Petroleum ($192M), Nitrogenous Fertilizers ($5.76M), and Broadcasting Equipment ($1.66M). Over the past 5 years the exports of Sweden to Greenland have increased at an annualized rate of 7.53%, from $147M in 2018 to $211M in 2023.

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

Greenland-Sweden Trade: In 2023, Greenland exported $82.1k to Sweden. The main products that Greenland exported to Sweden were Processed Crustaceans ($34.3k), Liquid Dispersing Machines ($10.7k), and Office Machine Parts ($8.58k). Over the past 5 years the exports of Greenland to Sweden have increased at an annualized rate of 20.4%,  from $32.5k in 2018 to $82.1k in 2023.

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

Comparison In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53),  and 32 in total exports ($188B). That same year, Greenland ranked 150 in total exports ($1.66B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Sweden exported SEK265M and imported SEK10k from Greenland, resulting in a positive trade balance of SEK265M. Between November 2023 and November 2024 the exports of Sweden have increased by SEK249M (1.56k%) from SEK16M to SEK265M, while imports decreased by SEK-3k (-23.1%) from SEK13k to SEK10k.

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

Growth In November 2024, the increase in Sweden's year-by-year exports to Greenland was explained primarily by an increase in product exports in Nitrogenous Fertilizers (SEK1.78M or 365%), Telephones (SEK489k or 858%), and Video and Card Games (SEK272k or 72%). In November 2024, 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

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)SEK249M(1.56k%)
IMPORT GROWTH (November 2023 - November 2024)SEK-3k(-23.1%)

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.

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 2023, Sweden exported $211M to Greenland. The main products exported from Sweden to Greenland were Refined Petroleum ($192M), Nitrogenous Fertilizers ($5.76M), and Broadcasting Equipment ($1.66M). During the last 5 years the exports of Sweden to Greenland have increased at an annualized rate of 7.53%, from $147M in 2018 to $211M in 2023.

In 2018, Greenland exported $82.1k to Sweden. The main products exported from Greenland to Sweden were Processed Crustaceans ($34.3k), Liquid Dispersing Machines ($10.7k), and Office Machine Parts ($8.58k). During the last 5 years the exports of Greenland to Sweden have increased at an annualized rate of 20.4%, from $32.5k in 2023 to $82.1k in 2018.

Exports from Sweden (Flag) to Greenland (Flag) (2023)

Exports from Greenland (Flag) to Sweden (Flag) (2023)

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Greenland
Top DestinationDenmark$830M

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 2023, countries that imported more from Sweden than Greenland included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

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

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

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 2023, Sweden had a large net trade with Greenland in the exports of Mineral Products ($192M), Machines ($6.98M), and Chemical Products ($6.01M).

During 2018, Greenland had a large net trade with Sweden in the exports of Foodstuffs ($34.3k), Machines ($25.5k), and Textiles ($10.4k).

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) (2023)

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