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Pricing

2023
Flag → Flag
Exports $4.33MRnk 188 / 223
2023
Flag → Flag
Top Product $2.47MStranded Iron Wire
2023
Flag → Flag
Exports $89.7MRnk 3 / 76
2023
Flag → Flag
Top Product $49.6MProcessed Crustaceans
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

United Kingdom-Greenland Trade: In 2023, United Kingdom exported $4.33M to Greenland. The main products that United Kingdom exported to Greenland were Stranded Iron Wire ($2.47M), Other Iron Products ($299k), and Refined Petroleum ($197k). Over the past 5 years the exports of United Kingdom to Greenland have decreased at an annualized rate of 12%, from $8.21M in 2018 to $4.33M in 2023.

In 2023, United Kingdom did not export any services to Greenland.

Greenland-United Kingdom Trade: In 2023, Greenland exported $89.7M to United Kingdom. The main products that Greenland exported to United Kingdom were Processed Crustaceans ($49.6M), Fish Fillets ($38.9M), and Crustaceans ($945k). Over the past 5 years the exports of Greenland to United Kingdom have increased at an annualized rate of 94.3%,  from $3.24M in 2018 to $89.7M in 2023.

In 2023, Greenland did not export any services to United Kingdom.

Comparison In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5),  and 14 in total exports ($429B). That same year, Greenland ranked 150 in total exports ($1.66B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £91.4k and imported £46.6k from Greenland, resulting in a positive trade balance of £44.7k. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-42.3k (-31.6%) from £134k to £91.4k, while imports increased by £43.3k (1.28k%) from £3.38k to £46.6k.

Trade In November 2024, the top exports of United Kingdom to Greenland were Rubber Tires (£29.9k), Commodities not elsewhere specified (£9.16k), Lubricating Products (£6.66k), Other Furniture (£6.14k), and Raw Plastic Sheeting (£3.74k). In November 2024 the top imports of United Kingdom from Greenland were .

Origins In November 2024 the exports of United Kingdom were mainly from Immingham (£77.9k), East Midlands Airport (£8.52k), Durham Tees Valley (Teeside) Airport (£1.87k), and London Stansted Airport (£1.11k), while imports destinations were mainly Harwich (£43.5k) and Immingham (£1.01k).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Greenland was explained primarily by an decrease in product exports in . In November 2024, the increase in United Kingdom's year-by-year imports  from Greenland was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-42.3k(-31.6%)
IMPORT GROWTH (November 2023 - November 2024)£43.3k(1.28k%)
MAIN EXPORTER (November 2024)Immingham£77.9k

This section shows exports and imports data at subnational level for United Kingdom. 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 Kingdom over time.

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

For full datasets download visit Bulk Download page.

Explore Greenland and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $4.33M to Greenland. The main products exported from United Kingdom to Greenland were Stranded Iron Wire ($2.47M), Other Iron Products ($299k), and Refined Petroleum ($197k). During the last 5 years the exports of United Kingdom to Greenland have decreased at an annualized rate of 12%, from $8.21M in 2018 to $4.33M in 2023.

In 2018, Greenland exported $89.7M to United Kingdom. The main products exported from Greenland to United Kingdom were Processed Crustaceans ($49.6M), Fish Fillets ($38.9M), and Crustaceans ($945k). During the last 5 years the exports of Greenland to United Kingdom have increased at an annualized rate of 94.3%, from $3.24M in 2023 to $89.7M in 2018.

Exports from United Kingdom (Flag) to Greenland (Flag) (2023)

Exports from Greenland (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Greenland
Top DestinationDenmark$830M

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

In 2023, countries that imported more from United Kingdom than Greenland included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

In 2023, no countries were registered that imported more from Greenland than from United Kingdom.

Difference in imports from Greenland (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Greenland

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Greenland in the exports of Metals ($3.01M), Machines ($542k), and Plastics and Rubbers ($356k).

During 2018, Greenland had a large net trade with United Kingdom in the exports of Foodstuffs ($49.8M), Animal Products ($39.8M), and Machines ($31.7k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Kingdom and Greenland. This means that a dot/product with the flag of United Kingdom 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 Kingdom.

Product Space of United Kingdom (Flag) and Greenland (Flag) (2023)

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