In 2020, Greenland exported a total of $1.33B, making it the number 146 exporter in the world. During the last five reported years the exports of Greenland have changed by $602M from $725M in 2015 to $1.33B in 2020.
In 2020 Greenland imported $778M, making it the number 182 trade destination in the world. During the last five reported years the imports of Greenland changed by $66M from $712M in 2015 to $778M in 2020.
In 2006, Greenland exported $203M worth of services. The top services exported by Greenland in 2006 were Air transport ($87.1M), Sea transport ($81.9M), Travel ($13.5M), Communications services ($11.7M), and Other business services ($6.72M).
The top services imported by Greenland in 2006 were Travel ($130M), Personal, cultural, and recreational services ($55.5M), Other business services ($55.1M), Sea transport ($19.8M), and Insurance services ($13.7M).
The top export opportunities for Greenland according to the relatedness index, are Fish Oil (0.031), Animal Meal and Pellets (0.03), Molluscs (0.027), Processed Fish (0.026), and Cocoa Beans (0.025). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Greenland is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
This network shows the products most related to the production structure of Greenland. These are products that tend to be co-exported with the products that Greenland exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities.
Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.