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2021
Flag → Flag
Exports $1.85kRnk 66 / 0
2021
Flag → Flag
Exports $758kRnk 201 / 221
2021
Flag → Flag
Top Product $297kElectric Furnaces
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Greenland-Italy Trade: In 2021, Greenland exported $1.85k to Italy. The main products that Greenland exported to Italy were N/A. Over the past 6 years the exports of Greenland to Italy have decreased at an annualized rate of 15.4%, from $5.07k in 2015 to $1.85k in 2021.

In 2021, Greenland did not export any services to Italy.

Italy-Greenland Trade: In 2021, Italy exported $758k to Greenland. The main products that Italy exported to Greenland were Electric Furnaces ($297k), Forging Machines ($200k), and Eyewear ($63.4k). Over the past 6 years the exports of Italy to Greenland have decreased at an annualized rate of 45%,  from $15.1M in 2015 to $758k in 2021.

In 2021, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Greenland exported $1.85k to Italy. There were not main exports from Greenland to Italy in 2021. During the last 6 years the exports of Greenland to Italy have decreased at an annualized rate of 15.4%, from $5.07k in 2015 to $1.85k in 2021.

In 2017, Italy exported $758k to Greenland. The main products exported from Italy to Greenland were Electric Furnaces ($297k), Forging Machines ($200k), and Eyewear ($63.4k). During the last 5 years the exports of Italy to Greenland have decreased at an annualized rate of 45%, from $15.1M in 2022 to $758k in 2017.

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

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

Latest Data

Trade between Greenland (Flag) and Italy (Flag)

Greenland Exports

Italy Exports

Market Competitiveness

Color
Greenland
Top DestinationN/AN/A
Italy
Top DestinationN/AN/A

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

N/A

N/A

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

Comparative Advantage Greenland - Italy

Flow
Scale

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

During 2021, Greenland had a large net trade with Italy in the exports of .

During 2017, Italy had a large net trade with Greenland in the exports of Machines ($530k), Instruments ($98.8k), and Textiles ($74.9k).

Economic Complexity

Competitive Landscape

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

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

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