2023
Flag  
GDP
$381BCURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP GROWTH
-5.04%CURRENT US$
Rnk 177 / 195
2023
Flag
GDP PC 
$6,023CURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP PC GROWTH
-17.9%CURRENT US$
Rnk 178 / 195

About

South Africa-Greenland Trade: In 2023, South Africa exported $208k to Greenland. The main products that South Africa exported to Greenland were Liquid Pumps ($164k), Railway Cargo Containers ($44.2k), and Retail Wool or Animal Hair Yarn ($68). Over the past 6 years the exports of South Africa to Greenland have decreased at an annualized rate of 19.1%, from $739k in 2017 to $208k in 2023.

In 2023, South Africa did not export any services to Greenland.

Greenland-South Africa Trade: In 2023, Greenland exported $55.6k to South Africa. The main products that Greenland exported to South Africa were Non-fillet Frozen Fish ($55.4k), Other Engines ($209), and Feldspar ($2). Over the past 6 years the exports of Greenland to South Africa have increased at an annualized rate of 128%,  from $900 in 2017 to $55.6k in 2023.

In 2023, Greenland did not export any services to South Africa.

Comparison In 2023,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.07),  and 34 in total exports ($154B). 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, South Africa exported $208k to Greenland. The main products exported from South Africa to Greenland were Liquid Pumps ($164k), Railway Cargo Containers ($44.2k), and Retail Wool or Animal Hair Yarn ($68). During the last 6 years the exports of South Africa to Greenland have decreased at an annualized rate of 19.1%, from $739k in 2017 to $208k in 2023.

In 2018, Greenland exported $55.6k to South Africa. The main products exported from Greenland to South Africa were Non-fillet Frozen Fish ($55.4k), Other Engines ($209), and Feldspar ($2). During the last 5 years the exports of Greenland to South Africa have increased at an annualized rate of 128%, from $900 in 2023 to $55.6k in 2018.

Exports from South Africa (Flag) to Greenland (Flag) (2023)

Exports from Greenland (Flag) to South Africa (Flag) (2023)

Market Competitiveness

Color
South Africa
Top Destination
China$29.5B
Greenland
Top Destination
Denmark$830M

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

In 2023, countries that imported more from South Africa than Greenland included China ($29.5B), United States ($13B), and India ($10.8B).

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

Difference in imports from Greenland (Flag) and South Africa (Flag) (2023)

Comparative Advantage South Africa - Greenland

Flow
Scale

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

During 2023, South Africa had a large net trade with Greenland in the exports of Machines ($164k), Transportation ($44.2k), and Textiles ($68).

During 2018, Greenland had a large net trade with South Africa in the exports of Animal Products ($55.4k), Machines ($209), and Mineral Products ($2).

Economic Complexity

Competitive Landscape

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

Product Space of South Africa (Flag) and Greenland (Flag) (2023)

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