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Country intelligence · GRL · 2024

Greenland trade profile

In 2024, Greenland recorded $1.1B in merchandise exports and $726.7M in imports, producing a $365.1M trade surplus. Exports changed -7.8% from the previous year, while imports changed -31.8%.[1]

Exports

$1.1B

-7.8%

Imports

$726.7M

-31.8%

Trade balance

$365.1M

surplus

Active partners

270

28 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$1.1B$726.7M$365.1M-7.8%
2023$1.2B$1.1B$119.4M+15.4%
2022$1.0B$1.1B-$114.6M+1.8%
2021$1.0B$1.4B-$406.2M+3.3%
2020$975.0M$959.1M$15.9M+2.9%
2019$947.8M$1.0B-$56.9M+17.3%
2018$808.0M$817.7M-$9.7M+16.8%
2017$691.8M$749.4M-$57.6M+2.0%
2016$678.1M$718.8M-$40.7M+22.5%
2015$553.5M$642.7M-$89.2M-12.8%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 03 · HS chapter

162 active HS6 lines · 57 export partners

$830.5M
2

HS 16 · HS chapter

36 active HS6 lines · 32 export partners

$172.3M
3

HS 89 · HS chapter

13 active HS6 lines · 2 export partners

$59.7M
4

HS 84 · Machinery

369 active HS6 lines · 23 export partners

$6.8M
5

HS 85 · Electrical machinery

238 active HS6 lines · 23 export partners

$3.6M
6

HS 25 · HS chapter

32 active HS6 lines · 12 export partners

$2.9M
7

HS 90 · HS chapter

127 active HS6 lines · 13 export partners

$2.6M
8

HS 05 · HS chapter

7 active HS6 lines · 5 export partners

$2.2M

Leading export markets

Destinations rank bilateral export flows from Greenland; growth describes each corridor rather than the whole economy.

1

Denmark

Annual change -29.8% · 3-year CAGR -8.0%

$421.0M
2

China

Annual change +7.3% · 3-year CAGR 26.6%

$267.7M
3

United Kingdom

Annual change +18.3% · 3-year CAGR 66.4%

$83.6M
4

Iceland

Annual change +59.4% · 3-year CAGR 44.9%

$64.0M
5

Japan

Annual change +18.2% · 3-year CAGR 15.2%

$50.4M
6

Germany

Annual change +36.7% · 3-year CAGR 15.6%

$42.4M
7

Taiwan

Annual change +52.6% · 3-year CAGR 9.1%

$32.8M
8

Norway

Annual change -4.8% · 3-year CAGR 1.4%

$31.5M

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.

Data sourcesMethodologyOpen country workspace