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Greenland is the 156th largest export economy in the world. In 2016, Greenland exported $868M and imported $757M, resulting in a positive trade balance of $111M.

The top exports of Greenland are Non-fillet Frozen Fish ($305M), Crustaceans ($279M), Processed Crustaceans ($113M), Fish Fillets ($90.6M) and Fishing Ships ($32.3M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($82.5M), Fishing Ships ($67.8M), Passenger and Cargo Ships ($21.5M), Cranes ($16.8M) and Aircraft Parts ($15.4M).

The top export destinations of Greenland are Denmark ($458M), China ($99M), Russia ($60.5M), Japan ($52.5M) and Portugal ($30.2M). The top import origins are Denmark ($422M), Sweden ($64.8M), Turkey ($52.9M), Germany ($29.9M) and Poland ($27M).

Greenland is an island and borders Iceland, Norway and Canada by sea.

Economic Complexity of Greenland

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