Norway / Greenland

Overview In July 2024, Norway exported NOK1.37M and imported NOK21.4M from Greenland, resulting in a negative trade balance of NOK20M. Between July 2023 and July 2024 the exports of Norway have decreased by NOK-1.01M (-42.4%) from NOK2.37M to NOK1.37M, while imports decreased by NOK-22M (-50.7%) from NOK43.3M to NOK21.4M.

Trade In July 2024, the top exports of Norway to Greenland were Road vehicles (including air-cushion vehicles) (NOK1.46M), Power-generating machinery and equipment (NOK1.24M), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK141k), General industrial machinery and equipment, n.e.s.,... (NOK79k), and Prefabricated buildings; sanitary, plumbing, heating and... (NOK78k). In July 2024 the top imports of Norway from Greenland were Fish (not marine mammals), crustaceans, molluscs... (NOK8.16M), Machinery specialized for particular industries (NOK16k), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK4k), Leather, leather manufactures, n.e.s., and dressed... (NOK1k), and Live animals other than animals of... (NOK0).

Growth In July 2024, the decrease in Norway's year-by-year exports to Greenland was explained primarily by an decrease in product exports in Other transport equipment (NOK-683k or -100%), Professional, scientific and controlling instruments and... (NOK-495k or -86.4%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-299k or -89.5%). In July 2024, the decrease in Norway's year-by-year imports  from Greenland was explained primarily by an decrease in product imports  in Fish (not marine mammals), crustaceans, molluscs... (NOK-7.91M or -49.2%), Crude animal and vegetable materials, n.e.s. (NOK-460k or -100%), and Miscellaneous manufactured articles, n.e.s. (NOK-33k or -100%).