Spain (ESP) and Greenland (GRL) Trade | The Observatory of Economic Complexity

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Spain (ESP) and Greenland (GRL) Trade

2022

→

Exports $1.96MRnk 187 / 218

2022

→

Top Product $1.41MIndustrial Fatty Acids, Oils and Alcohols

2022

→

Exports $8.15MRnk 13 / 66

2022

→

Top Product $4.96MFish: dried, salted, smoked or in brine

2022

Economic Complexity (ECI) ECI 0.81Rnk 33 / 133

2022

GDP$1.4TCURRENT US$
Rnk 15 / 186

2012-2022

GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186

2022

GDP PC $29,350CURRENT US$
Rnk 40 / 186

2012-2022

GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

Image 1

Image by Eemil Ahonen
Link: https://flic.kr/p/24JXvct

Image 2

Image by David Stanley
Link: https://flic.kr/p/Fq62wS

Latest Trends
Historical Data
Economic Complexity

About

Spain-Greenland Trade: In 2022, Spain exported $1.96M to Greenland. The main products that Spain exported to Greenland were Industrial Fatty Acids, Oils and Alcohols ($1.41M), Other Agricultural Machinery ($153k), and Other Firearms ($111k). Over the past 5 years the exports of Spain to Greenland have increased at an annualized rate of 2.31%, from $1.75M in 2017 to $1.96M in 2022.

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

Greenland-Spain Trade: In 2022, Greenland exported $8.15M to Spain. The main products that Greenland exported to Spain were Fish: dried, salted, smoked or in brine ($4.96M), Fish Fillets ($1.81M), and Non-fillet Frozen Fish ($918k). Over the past 5 years the exports of Greenland to Spain have increased at an annualized rate of 8.57%, from $5.41M in 2017 to $8.15M in 2022.

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

Comparison In 2022, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). 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, Spain exported €22.4k and imported €592k from Greenland, resulting in a negative trade balance of €570k. Between August 2023 and August 2024 the exports of Spain have increased by €13.5k (151%) from €8.91k to €22.4k, while imports increased by €177k (42.7%) from €415k to €592k.

Trade In August 2024, the top exports of Spain to Greenland were Prepr binder for foundry (€82.8k), Leather Footwear (€3.74k), Commodities not elsewhere specified (€1.68k), Electric Musical Instruments (€488), and Non-Knit Women's Suits (€180). In August 2024 the top imports of Spain from Greenland were Fish: dried, salted, smoked or in... (€790k), Fish Fillets (€285k), Non-fillet Frozen Fish (€60.7k), and Processed Crustaceans (€3.32k).

Origins In August 2024 the exports of Spain were mainly from Alicante (€14.7k), Barcelona (€3.54k), Guipúzcoa (€3.29k), Guadalajara (€674), and Zaragoza (€147), while imports destinations were mainly Navarra (€470k), Barcelona (€9.92k), and Madrid (€27.4).

Growth In August 2024, the increase in Spain's year-by-year exports to Greenland was explained primarily by an increase in product exports in Leather Footwear (€3.54k or 1.78k%) and Non-Knit Women's Suits (€59.9 or 50%). In August 2024, the increase in Spain's year-by-year imports from Greenland was explained primarily by an increase in product imports in Fish: dried, salted, smoked or in... (€300k or 61.3%), Fish Fillets (€281k or 6.53k%), and Processed Crustaceans (€53.7 or 1.65%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)€13.5k(151%)

IMPORT GROWTH (August 2023 - August 2024)€177k(42.7%)

MAIN EXPORTER (August 2024)Alicante€14.7k

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

To check Greenland and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Spain exported $1.96M to Greenland. The main products exported from Spain to Greenland were Industrial Fatty Acids, Oils and Alcohols ($1.41M), Other Agricultural Machinery ($153k), and Other Firearms ($111k). During the last 5 years the exports of Spain to Greenland have increased at an annualized rate of 2.31%, from $1.75M in 2017 to $1.96M in 2022.

In 2017, Greenland exported $8.15M to Spain. The main products exported from Greenland to Spain were Fish: dried, salted, smoked or in brine ($4.96M), Fish Fillets ($1.81M), and Non-fillet Frozen Fish ($918k). During the last 5 years the exports of Greenland to Spain have increased at an annualized rate of 8.57%, from $5.41M in 2022 to $8.15M in 2017.

Exports from Spain () to Greenland () (2022)

Exports from Greenland () to Spain () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Spain
Top DestinationFrance$65.2B

Greenland
Top DestinationDenmark$731M

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

In 2022, countries that imported more from Spain than Greenland included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Difference in imports from Greenland () and Spain () (2022)

Comparative Advantage Spain - Greenland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Spain had a large net trade with Greenland in the exports of Chemical Products ($1.44M), Machines ($192k), and Weapons ($115k).

During 2017, Greenland had a large net trade with Spain in the exports of Animal Products ($7.98M), Foodstuffs ($168k), and Instruments ($2.63k).

Economic Complexity

Competitive Landscape

Year

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

Product Space of Spain () and Greenland () (2022)

Keep Exploring

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