2022
Flag
 GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 186

About

Greenland-Portugal Trade: In 2021, Greenland exported $2.75M to Portugal. The main products that Greenland exported to Portugal were N/A. Over the past 6 years the exports of Greenland to Portugal have decreased at an annualized rate of 31.5%, from $26.7M in 2015 to $2.75M in 2021.

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

Portugal-Greenland Trade: In 2021, Portugal exported $1.56M to Greenland. The main products that Portugal exported to Greenland were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($654k), Stranded Iron Wire ($516k), and Recreational Boats ($240k). Over the past 6 years the exports of Portugal to Greenland have increased at an annualized rate of 19.3%,  from $645k in 2015 to $1.56M in 2021.

In 2021, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Greenland exported $2.75M to Portugal. There were not main exports from Greenland to Portugal in 2021. During the last 6 years the exports of Greenland to Portugal have decreased at an annualized rate of 31.5%, from $26.7M in 2015 to $2.75M in 2021.

In 2017, Portugal exported $1.56M to Greenland. The main products exported from Portugal to Greenland were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($654k), Stranded Iron Wire ($516k), and Recreational Boats ($240k). During the last 5 years the exports of Portugal to Greenland have increased at an annualized rate of 19.3%, from $645k in 2022 to $1.56M in 2017.

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

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

Latest Data

Trade between Greenland (Flag) and Portugal (Flag)

Greenland Exports

Market Competitiveness

Color
Greenland
Top Destination
Denmark$731M
Portugal
Top Destination
Spain$20.5B

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

In 2022, countries that imported more from Greenland than Portugal included Denmark ($731M).

In 2022, countries that imported more from Portugal than Greenland included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Comparative Advantage Greenland - Portugal

Flow
Scale

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

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

During 2017, Portugal had a large net trade with Greenland in the exports of Textiles ($771k), Metals ($526k), and Transportation ($242k).

Economic Complexity

Competitive Landscape

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

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

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