Greenland (GRL) and Finland (FIN) Trade | The Observatory of Economic Complexity

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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.

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 4.06%, from $5.32M in 2017 to $3.98M in 2022.

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

Comparison In 2022, Greenland ranked 152 in total exports ($1.49B), and does not have data regarding Economic Complexity Index. That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $1.15M in 2022.

In 2017, 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 4.06%, from $5.32M in 2022 to $3.98M in 2017.

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

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

Latest Data

Trade between Greenland () and Finland ()

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greenland
Top DestinationDenmark$731M

Finland
Top DestinationGermany$9.99B

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

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

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

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

Comparative Advantage Greenland - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Greenland had a large net trade with Finland in the exports of Machines ($769k), Animal Products ($274k), and Foodstuffs ($102k).

During 2017, Finland had a large net trade with Greenland in the exports of Transportation ($2.6M), Miscellaneous ($476k), and Instruments ($335k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Greenland () and Finland ()

Finland Exports

Market Competitiveness

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

Comparative Advantage Greenland - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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