2022
Flag
 GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 186
2022
Flag
GDP PC
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186

About

Greenland-Estonia Trade: In 2022, Greenland exported $2.2M to Estonia. The main products that Greenland exported to Estonia were Crustaceans ($2.11M), Processed Crustaceans ($54k), and Fish Fillets ($28.9k). Over the past 5 years the exports of Greenland to Estonia have increased at an annualized rate of 41.8%, from $383k in 2017 to $2.2M in 2022.

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

Estonia-Greenland Trade: In 2022, Estonia exported $754k to Greenland. The main products that Estonia exported to Greenland were Recreational Boats ($569k), Insulating Glass ($71.1k), and Non-Knit Men's Coats ($32.8k). Over the past 5 years the exports of Estonia to Greenland have increased at an annualized rate of 9.85%,  from $471k in 2017 to $754k in 2022.

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

Comparison In 2022,  Greenland ranked 152 in total exports ($1.49B). That same year, Estonia ranked 74 in total exports ($23.1B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Greenland exported $2.2M to Estonia. The main products exported from Greenland to Estonia were Crustaceans ($2.11M), Processed Crustaceans ($54k), and Fish Fillets ($28.9k). During the last 5 years the exports of Greenland to Estonia have increased at an annualized rate of 41.8%, from $383k in 2017 to $2.2M in 2022.

In 2017, Estonia exported $754k to Greenland. The main products exported from Estonia to Greenland were Recreational Boats ($569k), Insulating Glass ($71.1k), and Non-Knit Men's Coats ($32.8k). During the last 5 years the exports of Estonia to Greenland have increased at an annualized rate of 9.85%, from $471k in 2022 to $754k in 2017.

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

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

Latest Data

Trade between Greenland (Flag) and Estonia (Flag)

Greenland Exports

Date

Estonia Exports

Market Competitiveness

Color
Greenland
Top Destination
Denmark$731M
Estonia
Top Destination
Finland$3B

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

In 2022, countries that imported more from Greenland than Estonia included China ($353M), Denmark ($731M), and Chinese Taipei ($51.1M).

In 2022, countries that imported more from Estonia than Greenland included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

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

Comparative Advantage Greenland - Estonia

Flow
Scale

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

During 2022, Greenland had a large net trade with Estonia in the exports of Animal Products ($2.14M), Foodstuffs ($54k), and Machines ($2.05k).

During 2017, Estonia had a large net trade with Greenland in the exports of Transportation ($569k), Textiles ($87.2k), and Stone And Glass ($72.2k).

Economic Complexity

Competitive Landscape

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

Product Space of Greenland (Flag) and Estonia (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