2023
Flag  
GDP
$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP GROWTH
-19.3%CURRENT US$
Rnk 190 / 195
2023
Flag
GDP PC 
$33,767CURRENT US$
Rnk 38 / 195
2013-2023
Flag
GDP PC GROWTH
-17.4%CURRENT US$
Rnk 176 / 195

About

Japan-Greenland Trade: In 2023, Japan exported $4.25k to Greenland. The main products that Japan exported to Greenland were Refrigerators ($2.48k) and Mirrors and Lenses ($1.77k). Over the past 5 years the exports of Japan to Greenland have decreased at an annualized rate of 74.2%, from $3.7M in 2018 to $4.25k in 2023.

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

Greenland-Japan Trade: In 2023, Greenland exported $79.6M to Japan. The main products that Greenland exported to Japan were Crustaceans ($30M), Fish Fillets ($27.6M), and Processed Crustaceans ($12.7M). Over the past 5 years the exports of Greenland to Japan have increased at an annualized rate of 1.78%,  from $71.6M in 2018 to $79.6M in 2023.

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

Comparison In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07),  and 4 in total exports ($766B). That same year, Greenland ranked 150 in total exports ($1.66B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $4.25k to Greenland. The main products exported from Japan to Greenland were Refrigerators ($2.48k) and Mirrors and Lenses ($1.77k). During the last 5 years the exports of Japan to Greenland have decreased at an annualized rate of 74.2%, from $3.7M in 2018 to $4.25k in 2023.

In 2018, Greenland exported $79.6M to Japan. The main products exported from Greenland to Japan were Crustaceans ($30M), Fish Fillets ($27.6M), and Processed Crustaceans ($12.7M). During the last 5 years the exports of Greenland to Japan have increased at an annualized rate of 1.78%, from $71.6M in 2023 to $79.6M in 2018.

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

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

Market Competitiveness

Color
Japan
Top Destination
United States$143B
Greenland
Top Destination
Denmark$830M

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

In 2023, countries that imported more from Japan than Greenland included United States ($143B), China ($138B), and Chinese Taipei ($43B).

In 2023, countries that imported more from Greenland than Japan included Denmark ($830M).

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

Comparative Advantage Japan - Greenland

Flow
Scale

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

During 2023, Japan had a large net trade with Greenland in the exports of Machines ($2.48k) and Instruments ($1.77k).

During 2018, Greenland had a large net trade with Japan in the exports of Animal Products ($66.3M), Foodstuffs ($12.7M), and Precious Metals ($567k).

Economic Complexity

Competitive Landscape

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

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

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