2022
Flag  
GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC 
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186

About

Canada-Greenland Trade: In 2022, Canada exported $27.8M to Greenland. The main products that Canada exported to Greenland were Work Trucks ($5.49M), Large Construction Vehicles ($4.88M), and Other Construction Vehicles ($3.43M). Over the past 5 years the exports of Canada to Greenland have increased at an annualized rate of 8.37%, from $18.6M in 2017 to $27.8M in 2022.

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

Greenland-Canada Trade: In 2022, Greenland exported $1.79M to Canada. The main products that Greenland exported to Canada were Fish Fillets ($1M), Other Inedible Animal Products ($375k), and Crustaceans ($180k). Over the past 5 years the exports of Greenland to Canada have increased at an annualized rate of 37.7%,  from $362k in 2017 to $1.79M in 2022.

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

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92),  and 9 in total exports ($587B). That same year, Greenland ranked 152 in total exports ($1.49B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $27.8M to Greenland. The main products exported from Canada to Greenland were Work Trucks ($5.49M), Large Construction Vehicles ($4.88M), and Other Construction Vehicles ($3.43M). During the last 5 years the exports of Canada to Greenland have increased at an annualized rate of 8.37%, from $18.6M in 2017 to $27.8M in 2022.

In 2017, Greenland exported $1.79M to Canada. The main products exported from Greenland to Canada were Fish Fillets ($1M), Other Inedible Animal Products ($375k), and Crustaceans ($180k). During the last 5 years the exports of Greenland to Canada have increased at an annualized rate of 37.7%, from $362k in 2022 to $1.79M in 2017.

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

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

Market Competitiveness

Color
Canada
Top Destination
United States$438B
Greenland
Top Destination
Denmark$731M

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

In 2022, countries that imported more from Canada than Greenland included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Greenland than Canada included Denmark ($731M).

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

Comparative Advantage Canada - Greenland

Flow
Scale

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

During 2022, Canada had a large net trade with Greenland in the exports of Machines ($15.1M), Transportation ($7.52M), and Textiles ($2.33M).

During 2017, Greenland had a large net trade with Canada in the exports of Animal Products ($1.74M), Transportation ($33.9k), and Chemical Products ($6.96k).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with