2023
Exports
$785kWorld Rnk 168 / 214
Flag Rnk 21 / 453
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$250MWorld Rnk 150 / 226
Flag Rnk 1 / 988

About

Exports In 2023, Greenland exported $785k in Refined Petroleum, making it the 168th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 21st most exported product in Greenland. The main destination of Refined Petroleum exports from Greenland are: Iceland ($643k), Canada ($140k), Denmark ($1.55k), and Netherlands ($1.41k).

The fastest growing export markets for Refined Petroleum of Greenland between 2022 and 2023 were Canada ($140k), Iceland ($103k), and Denmark ($978).

Imports In 2023, Greenland imported $250M in Refined Petroleum, becoming the 150th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Greenland. Greenland imports Refined Petroleum primarily from: Sweden ($192M), Iceland ($36M), Spain ($16.9M), Denmark ($4.17M), and Canada ($329k).

The fastest growing import markets in Refined Petroleum for Greenland between 2022 and 2023 were Iceland ($19M), Spain ($16.9M), and Canada ($322k).

Latest Trends

Dec 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 Refined Petroleum. 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 (2023)$785k
IMPORTS (2023)$250M
NET TRADE (2023)-$250M

In 2023, Greenland exported $785k in Refined Petroleum. The main destinations of Greenland exports on Refined Petroleum were Iceland ($643k), Canada ($140k), Denmark ($1.55k), and Netherlands ($1.41k).

In 2023, Greenland imported $250M in Refined Petroleum, mainly from Sweden ($192M), Iceland ($36M), Spain ($16.9M), Denmark ($4.17M), and Canada ($329k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Greenland WERE (2022 - 2023):
Canada$140k (1%)
Iceland$103k (19%)
Denmark$978 (172%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Greenland WERE (2022 - 2023):Netherlands-$507 (-26.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Greenland's main exporting competitors in Refined Petroleum were:
In 2023, Greenland's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Refined Petroleum’s highest export potential is N/A. With an export gap of N/A.   Refined Petroleum’s highest import potential is N/A with an import gap of N/A.

See methodology.

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