2022
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GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
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2022
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GDP PC 
$50,537CURRENT US$
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2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
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About

Finland-Greenland Trade: In 2022, Finland exported $3.98M to Greenland. The main products that Finland exported to Greenland were Recreational Boats ($2.52M), Prefabricated Buildings ($450k), and Surveying Equipment ($302k). Over the past 5 years the exports of Finland to Greenland have decreased at an annualized rate of 5.63%, from $5.32M in 2017 to $3.98M in 2022.

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

Greenland-Finland Trade: In 2022, Greenland exported $1.15M to Finland. The main products that Greenland exported to Finland were Broadcasting Equipment ($766k), Fish Fillets ($146k), and Processed Crustaceans ($102k). Over the past 5 years the exports of Greenland to Finland have decreased at an annualized rate of 1.17%,  from $1.22M in 2017 to $1.15M in 2022.

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

Comparison In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41),  and 46 in total exports ($89.9B). 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, Finland exported $3.98M to Greenland. The main products exported from Finland to Greenland were Recreational Boats ($2.52M), Prefabricated Buildings ($450k), and Surveying Equipment ($302k). During the last 5 years the exports of Finland to Greenland have decreased at an annualized rate of 5.63%, from $5.32M in 2017 to $3.98M in 2022.

In 2017, Greenland exported $1.15M to Finland. The main products exported from Greenland to Finland were Broadcasting Equipment ($766k), Fish Fillets ($146k), and Processed Crustaceans ($102k). During the last 5 years the exports of Greenland to Finland have decreased at an annualized rate of 1.17%, from $1.22M in 2022 to $1.15M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Greenland (Flag)

Finland Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Greenland
Top Destination
Denmark$731M

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

In 2022, countries that imported more from Finland than Greenland included Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

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

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

Comparative Advantage Finland - Greenland

Flow
Scale

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

During 2022, Finland had a large net trade with Greenland in the exports of Transportation ($2.6M), Miscellaneous ($476k), and Instruments ($335k).

During 2017, Greenland had a large net trade with Finland in the exports of Machines ($769k), Animal Products ($274k), and Foodstuffs ($102k).

Economic Complexity

Competitive Landscape

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

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

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