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2023
Flag → Flag
Exports $6.47MRnk 14 / 76
2023
Flag → Flag
Top Product $4.02MPrecious Stones
2023
Flag → Flag
Exports $488kRnk 204 / 216
2023
Flag → Flag
Top Product $473kPrecious Stones
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Greenland-Thailand Trade: In 2023, Greenland exported $6.47M to Thailand. The main products that Greenland exported to Thailand were Precious Stones ($4.02M), Crustaceans ($1.99M), and Non-fillet Frozen Fish ($434k). Over the past 5 years the exports of Greenland to Thailand have increased at an annualized rate of 3.28%, from $5.51M in 2018 to $6.47M in 2023.

In 2023, Greenland did not export any services to Thailand.

Thailand-Greenland Trade: In 2023, Thailand exported $488k to Greenland. The main products that Thailand exported to Greenland were Precious Stones ($473k), Wood Ornaments ($6.89k), and Imitation Jewellery ($6.6k). Over the past 5 years the exports of Thailand to Greenland have decreased at an annualized rate of 23.5%,  from $1.87M in 2018 to $488k in 2023.

In 2023, Thailand did not export any services to Greenland.

Comparison In 2023,  Greenland ranked 150 in total exports ($1.66B), and does not have data regarding Economic Complexity Index. That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Greenland exported $6.47M to Thailand. The main products exported from Greenland to Thailand were Precious Stones ($4.02M), Crustaceans ($1.99M), and Non-fillet Frozen Fish ($434k). During the last 5 years the exports of Greenland to Thailand have increased at an annualized rate of 3.28%, from $5.51M in 2018 to $6.47M in 2023.

In 2018, Thailand exported $488k to Greenland. The main products exported from Thailand to Greenland were Precious Stones ($473k), Wood Ornaments ($6.89k), and Imitation Jewellery ($6.6k). During the last 5 years the exports of Thailand to Greenland have decreased at an annualized rate of 23.5%, from $1.87M in 2023 to $488k in 2018.

Exports from Greenland (Flag) to Thailand (Flag) (2023)

Exports from Thailand (Flag) to Greenland (Flag) (2023)

Latest Data

Trade between Greenland (Flag) and Thailand (Flag)

Greenland Exports

Thailand Exports

Market Competitiveness

Color
Greenland
Top DestinationDenmark$830M
Thailand
Top DestinationUnited States$58.5B

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

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

In 2023, countries that imported more from Thailand than Greenland included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

Difference in imports from Thailand (Flag) and Greenland (Flag) (2023)

Comparative Advantage Greenland - Thailand

Flow
Scale

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

During 2023, Greenland had a large net trade with Thailand in the exports of Precious Metals ($4.03M), Animal Products ($2.43M), and Machines ($1.2k).

During 2018, Thailand had a large net trade with Greenland in the exports of Precious Metals ($479k), Wood Products ($7.01k), and Miscellaneous ($968).

Economic Complexity

Competitive Landscape

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

Product Space of Greenland (Flag) and Thailand (Flag) (2023)

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