Sign In
Pricing

2022
Flag → Flag
Exports $3.28MRnk 133 / 209
2022
Flag → Flag
Top Product $706kNavigation Equipment
2022
Flag → Flag
Exports $20.2MRnk 8 / 66
2022
Flag → Flag
Top Product $15.5MCrustaceans
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

Norway-Greenland Trade: In 2022, Norway exported $3.28M to Greenland. The main products that Norway exported to Greenland were Navigation Equipment ($706k), Recreational Boats ($392k), and Large Construction Vehicles ($249k). Over the past 5 years the exports of Norway to Greenland have increased at an annualized rate of 5.68%, from $2.49M in 2017 to $3.28M in 2022.

In 2022, Norway did not export any services to Greenland.

Greenland-Norway Trade: In 2022, Greenland exported $20.2M to Norway. The main products that Greenland exported to Norway were Crustaceans ($15.5M), Processed Crustaceans ($3.33M), and Non-fillet Frozen Fish ($1.2M). Over the past 5 years the exports of Greenland to Norway have increased at an annualized rate of 8.25%,  from $13.6M in 2017 to $20.2M in 2022.

In 2022, Greenland did not export any services to Norway.

Comparison In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54),  and 28 in total exports ($285B). That same year, Greenland ranked 152 in total exports ($1.49B), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, Norway exported NOK809k and imported NOK10.1M from Greenland, resulting in a negative trade balance of NOK9.3M. Between September 2023 and September 2024 the exports of Norway have decreased by NOK-2.89M (-78.1%) from NOK3.7M to NOK809k, while imports decreased by NOK-1.29M (-11.3%) from NOK11.4M to NOK10.1M.

Trade In September 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 September 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 September 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 September 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%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)NOK-2.89M(-78.1%)
IMPORT GROWTH (September 2023 - September 2024)NOK-1.29M(-11.3%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Greenland and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Greenland and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $3.28M to Greenland. The main products exported from Norway to Greenland were Navigation Equipment ($706k), Recreational Boats ($392k), and Large Construction Vehicles ($249k). During the last 5 years the exports of Norway to Greenland have increased at an annualized rate of 5.68%, from $2.49M in 2017 to $3.28M in 2022.

In 2017, Greenland exported $20.2M to Norway. The main products exported from Greenland to Norway were Crustaceans ($15.5M), Processed Crustaceans ($3.33M), and Non-fillet Frozen Fish ($1.2M). During the last 5 years the exports of Greenland to Norway have increased at an annualized rate of 8.25%, from $13.6M in 2022 to $20.2M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Greenland
Top DestinationDenmark$731M

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

In 2022, countries that imported more from Norway than Greenland included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, no countries were registered that imported more from Greenland than from Norway.

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

Comparative Advantage Norway - Greenland

Flow
Scale

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

During 2022, Norway had a large net trade with Greenland in the exports of Machines ($1.88M), Transportation ($714k), and Textiles ($142k).

During 2017, Greenland had a large net trade with Norway in the exports of Animal Products ($16.8M), Foodstuffs ($3.33M), and Wood Products ($32.9k).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms