Trade Trend

In 2023, Greenland's total export value is 1.64Billion USD, total import value is 1.13Billion USD, Surplus is 513.24Million USD. In 2023，Greenland's top export products are Fish; frozen, excluding fish fillets and other fish meat of heading 0304(583.47Million USD), Crustaceans; in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked, cooked or not before or during smoking; in shell, steamed or boiled, whether or not chilled, frozen, dried, salted or in brine(558.80Million USD), Crustaceans, molluscs and other aquatic invertebrates, prepared or preserved(257.56Million USD), top export destinations are Denmark(831.14Million USD), China(379.60Million USD), United Kingdom(89.87Million USD). In 2023, Greenland's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(248.36Million USD), Fishing vessels, factory ships and other vessels; for processing or preserving fishery products(90.84Million USD), Furniture and parts thereof, n.e.c. in chapter 94(17.47Million USD), top import origins are Denmark(668.62Million USD), Sweden(209.54Million USD), Spain(90.05Million USD).

Comparing to 2022, Greenland's total export value increased 112.52Million USD(7.36%) in 2023, this could result from its export increases of products such as Fish; frozen, excluding fish fillets and other fish meat of heading 0304(53.67Million USD or 10.13%), Crustaceans, molluscs and other aquatic invertebrates, prepared or preserved(13.86Million USD or 5.69%), Fish; fresh or chilled, excluding fish fillets and other fish meat of heading 0304(6.62Million USD or 53.01%) and export increases to countries/economics such as Denmark(86.37Million USD or 11.60%), Norway(20.35Million USD or 98.32%), Germany(19.61Million USD or 90.85%). Comparing to 2022, Greenland's total import value increased 70.58Million USD(6.67%) in 2023, this could result from its import increases of products such as Fishing vessels, factory ships and other vessels; for processing or preserving fishery products(88.64Million USD or 4.03Thousands%), Cartons, boxes, cases, bags and the like, of paper, paperboard, cellulose wadding or fibres; box files, letter trays and the like, of paper or paperboard, of a kind used in offices, shops or the like(7.13Million USD or 123.29%), Machinery; parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 84.70 to 84.72(6.21Million USD or 127.20%), and its import increases from countries/economies such as Spain(88.10Million USD or 4.52Thousands%), Denmark(68.23Million USD or 11.36%), Iceland(43.59Million USD or 153.66%).

Cumulated to first 6 months of 2024, Greenland's total export value is 482.18Million USD, total import value is 279.23Million USD, and tradesurplus is 202.95Million USD. Cumulated to first 6 months of 2024, Greenland's top export products are Fish; frozen, excluding fish fillets and other fish meat of heading 0304(176.12Million USD), Crustaceans; in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked, cooked or not before or during smoking; in shell, steamed or boiled, whether or not chilled, frozen, dried, salted or in brine(169.28Million USD), Crustaceans, molluscs and other aquatic invertebrates, prepared or preserved(62.87Million USD), and top export destinations are Denmark(169.51Million USD), China(157.80Million USD), United Kingdom(38.15Million USD). Cumulated to first 6 months of 2024, Greenland's top import products are Fish; frozen, excluding fish fillets and other fish meat of heading 0304(176.12Million USD), Crustaceans; in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked, cooked or not before or during smoking; in shell, steamed or boiled, whether or not chilled, frozen, dried, salted or in brine(169.28Million USD), Crustaceans, molluscs and other aquatic invertebrates, prepared or preserved(62.87Million USD), and top import origins areDenmark(181.30Million USD), United States(34.46Million USD), Canada(18.93Million USD).