Greenland (GRL) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Greenland-Russia Trade: In 2021, Greenland exported $103M to Russia. The main products that Greenland exported to Russia were N/A. Over the past 5 years the exports of Greenland to Russia have increased at an annualized rate of 10.7%, from $62.3M in 2016 to $103M in 2021.

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

Russia-Greenland Trade: In 2021, Russia exported $147k to Greenland. The main products that Russia exported to Greenland were N/A. Over the past 5 years the exports of Russia to Greenland have increased at an annualized rate of 21.8%, from $54.8k in 2016 to $147k in 2021.

In 2013, Russia exported services to Greenland worth $100k, with Communications services ($100k) being the largest in terms of value.

Comparison In 2023, Greenland ranked 150 in total exports ($1.66B), and does not have data regarding Economic Complexity Index. That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Greenland exported $103M to Russia. There were not main exports from Greenland to Russia in 2021. During the last 5 years the exports of Greenland to Russia have increased at an annualized rate of 10.7%, from $62.3M in 2016 to $103M in 2021.

In 2016, Russia exported $147k to Greenland. There were not main exports from Russia to Greenland in 2016. During the last 5 years the exports of Russia to Greenland have increased at an annualized rate of 21.8%, from $54.8k in 2021 to $147k in 2016.

Exports from Greenland () to Russia () (2021)

Exports from Russia () to Greenland () (2021)

Latest Data

Trade between Greenland () and Russia ()

Greenland Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greenland
Top DestinationDenmark$830M

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Greenland than Russia included Denmark ($830M), Iceland ($38.3M), and Ukraine ($13.5M).

In 2023, countries that imported more from Russia than Greenland included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia () and Greenland () (2023)

Comparative Advantage Greenland - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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

During 2016, Russia had a large net trade with Greenland in the exports of .

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Greenland () to Russia () (2021)

Exports from Russia () to Greenland () (2021)

Latest Data

Trade between Greenland () and Russia ()

Greenland Exports

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Greenland () (2023)

Comparative Advantage Greenland - Russia

Economic Complexity

Competitive Landscape

Product Space of Greenland () and Russia () (2021)

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