2022
Exports
$493kWorld Rnk 180 / 216
Flag Rnk 15 / 71
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$260MWorld Rnk 162 / 225
Flag Rnk 1 / 96

About

Exports In 2022, Greenland exported $493k in Mineral fuels, mineral oils and products of their distillation, making it the 180th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 15th most exported product in Greenland. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Greenland are: Iceland ($491k), Netherlands ($1.81k), Denmark ($518), and Canada ($34).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Greenland between 2021 and 2022 were Iceland ($264k), Netherlands ($1.41k), and Canada ($34).

Imports In 2022, Greenland imported $260M in Mineral fuels, mineral oils and products of their distillation, becoming the 162nd largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Greenland. Greenland imports Mineral fuels, mineral oils and products of their distillation primarily from: Sweden ($214M), Greece ($20.3M), Iceland ($17M), Denmark ($7.97M), and Belgium ($110k).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Greenland between 2021 and 2022 were Sweden ($97M), Greece ($20.3M), and Iceland ($7.96M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Mineral fuels, mineral oils and products of their distillation. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$493k
IMPORTS (2022)$260M
NET TRADE (2022)-$259M

In 2022, Greenland exported $493k in Mineral fuels, mineral oils and products of their distillation. The main destinations of Greenland exports on Mineral fuels, mineral oils and products of their distillation were Iceland ($491k), Netherlands ($1.81k), Denmark ($518), and Canada ($34).

In 2022, Greenland imported $260M in Mineral fuels, mineral oils and products of their distillation, mainly from Sweden ($214M), Greece ($20.3M), Iceland ($17M), Denmark ($7.97M), and Belgium ($110k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Greenland WERE (2021 - 2022):
Iceland$264k (117%)
Netherlands$1.41k (360%)
Canada$34 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Greenland WERE (2021 - 2022):
Denmark-$1.28k (-71.2%)
Nepal-$24 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Greenland's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Greenland's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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N/A
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Mineral fuels, mineral oils and products of their distillation’s highest export potential is N/A. With an export gap of N/A.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is N/A with an import gap of N/A.

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