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Greenland is the 102nd largest export economy in the world. In 2016, Greenland exported $519M and imported $622M, resulting in a negative trade balance of $103M.

The top exports of Greenland are Non-fillet Frozen Fish ($158M), Crustaceans ($139M), Processed Crustaceans ($98.5M), Fish Fillets ($52.2M) and Unspecified ($36.7M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($58.3M), Unspecified ($28.4M), Aircraft Parts ($14.8M), Packaged Medicaments ($13.7M) and Other Furniture ($11.9M).

The top export destinations of Greenland are Denmark ($449M), Portugal ($46.1M), Iceland ($17.5M), Norway ($2.66M) and Russia ($1.7M). The top import origins are Denmark ($467M), Sweden ($77.1M), Turkey ($51.5M), Poland ($24.3M) and Iceland ($22.7M).

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

Economic Complexity of Greenland

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