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Pricing

2022
Flag → Flag
Exports $6.05MRnk 198 / 219
2022
Flag → Flag
Top Product $951kSurveying Equipment
2022
Flag → Flag
Exports $36.6MRnk 7 / 66
2022
Flag → Flag
Top Product $19.9MCrustaceans
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

United States-Greenland Trade: In 2022, United States exported $6.05M to Greenland. The main products that United States exported to Greenland were Surveying Equipment ($951k), Cars ($861k), and Aircraft Parts ($768k). Over the past 5 years the exports of United States to Greenland have decreased at an annualized rate of 8.79%, from $9.58M in 2017 to $6.05M in 2022.

In 2022, United States did not export any services to Greenland.

Greenland-United States Trade: In 2022, Greenland exported $36.6M to United States. The main products that Greenland exported to United States were Crustaceans ($19.9M), Fish Fillets ($11.6M), and Precious Stones ($1.99M). Over the past 5 years the exports of Greenland to United States have increased at an annualized rate of 30.8%,  from $9.57M in 2017 to $36.6M in 2022.

In 2022, Greenland did not export any services to United States.

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47),  and 2 in total exports ($1.95T). That same year, Greenland ranked 152 in total exports ($1.49B), and does not have data regarding Economic Complexity Index.

Company data: In 2023, leading companies such as DAVID OPPENHEIMER CO. (12) and BOEING (2) were at the forefront of exporting goods from Greenland to the United States. Conversely, Other (14) were notable for importing products to Greenland from the United States.

Latest Trends

July, 2024

About

Overview In July 2024, United States exported $6.21M and imported $1.83M from Greenland, resulting in a positive trade balance of $4.39M. Between July 2023 and July 2024 the exports of United States have increased by $6M (2.82k%) from $213k to $6.21M, while imports increased by $742k (68.5%) from $1.08M to $1.83M.

Trade In July 2024, the top exports of United States to Greenland were Telephones ($69.9k), Surveying Equipment ($31.6k), Breathing Appliances ($26.8k), Commodities not elsewhere specified ($18.3k), and Other Hand Tools ($18.2k). In July 2024 the top imports of United States from Greenland were Crustaceans ($1.29M), Precious Stones ($505k), Fish Fillets ($221k), Non-fillet Frozen Fish ($129k), and Processed Crustaceans ($105k).

Origins In July 2024 the exports of United States were mainly from Virginia ($5.55M), California ($290k), Texas ($76.4k), Florida ($23k), and Illinois ($21.1k), while imports destinations were mainly Massachusetts ($957k), North Carolina ($301k), Rhode Island ($268k), Maine ($129k), and California ($85.6k).

Growth In July 2024, the increase in United States's year-by-year exports to Greenland was explained primarily by an increase in product exports in Gas and Liquid Flow Measuring Instruments ($4.33k or 148%) and Low-voltage Protection Equipment ($3.2k or 78.1%). In July 2024, the increase in United States's year-by-year imports  from Greenland was explained primarily by an increase in product imports  in Precious Stones ($477k or 1.68k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$6M(2.82k%)
IMPORT GROWTH (July 2023 - July 2024)$742k(68.5%)
MAIN EXPORTER (July 2024)Virginia$5.55M

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

To check Greenland and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $6.05M to Greenland. The main products exported from United States to Greenland were Surveying Equipment ($951k), Cars ($861k), and Aircraft Parts ($768k). During the last 5 years the exports of United States to Greenland have decreased at an annualized rate of 8.79%, from $9.58M in 2017 to $6.05M in 2022.

In 2017, Greenland exported $36.6M to United States. The main products exported from Greenland to United States were Crustaceans ($19.9M), Fish Fillets ($11.6M), and Precious Stones ($1.99M). During the last 5 years the exports of Greenland to United States have increased at an annualized rate of 30.8%, from $9.57M in 2022 to $36.6M in 2017.

Exports from United States (Flag) to Greenland (Flag) (2022)

Exports from Greenland (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Greenland
Top DestinationDenmark$731M

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

In 2022, countries that imported more from United States than Greenland included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, no countries were registered that imported more from Greenland than from United States.

Difference in imports from Greenland (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Greenland

Flow
Scale

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

During 2022, United States had a large net trade with Greenland in the exports of Machines ($1.95M), Transportation ($1.77M), and Instruments ($1.32M).

During 2017, Greenland had a large net trade with United States in the exports of Animal Products ($33.3M), Precious Metals ($1.99M), and Foodstuffs ($950k).

Economic Complexity

Competitive Landscape

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

Product Space of United States (Flag) and Greenland (Flag) (2022)

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