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Greenland trade in 2024

In 2024, Greenland exported $1.6 billion and imported $992 million, a trade surplus of $589 million. It was the world's 145th-largest exporter, with 0.01% of world exports. Its top export was frozen fish (36.2% of the total) and its main trading partner was Denmark (53.5% of its trade).

Summary

Exports
$1.6billion
Imports
$992million
Trade balance
+$589million
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Frozen fish (36.2%) and crustaceans (shrimp, lobster, crab) (32.2%) together make up 68.4% of its exports.

  1. Frozen fish$572 million · 36.2%
    Main partner: Denmark
  2. Crustaceans (shrimp, lobster, crab)$508 million · 32.2%
    Main partner: Denmark
  3. Prepared shellfish$238 million · 15%
    Main partner: Denmark
  4. Fish fillets$136 million · 8.6%
    Main partner: Denmark
  5. Fishing vessels$60 million · 3.8%
    Main partner: Iceland
  6. Dried, salted and smoked fish$19 million · 1.2%
    Main partner: Denmark
  7. Fresh fish$11 million · 0.7%
    Main partner: Denmark
  8. Feldspar and fluorspar$3 million · 0.2%
    Main partner: Netherlands
  9. Mollusks (squid, mussels, oysters)$3 million · 0.17%
    Main partner: France
  10. Cameras and broadcast equipment$2 million · 0.16%
    Main partner: Poland

What it imports

Refined petroleum (21.9%) and clasps, buckles and hooks (1.7%) together make up 23.6% of its imports.

  1. Refined petroleum$217 million · 21.9%
    Main partner: Sweden
  2. Clasps, buckles and hooks$17 million · 1.7%
    Main partner: Denmark
  3. Soft drinks$16 million · 1.7%
    Main partner: Denmark
  4. Bread, biscuits and pastries$15 million · 1.5%
    Main partner: Denmark
  5. Furniture$15 million · 1.5%
    Main partner: Denmark
  6. Replacement tool heads$13 million · 1.4%
    Main partner: Denmark
  7. Computer and office machine parts$12 million · 1.2%
    Main partner: Denmark
  8. Cars$12 million · 1.2%
    Main partner: Denmark
  9. Aircraft parts$12 million · 1.2%
    Main partner: United States
  10. Auto parts$11 million · 1.1%
    Main partner: Denmark
By Harmonized System chapter (96)
ChapterExportsImports
03 · Fish and seafood$1.2 billion$7 million
16 · Prepared meat and fish$239 million$25 million
89 · Ships and boats$60 million$14 million
84 · Mechanical machinery$8 million$110 million
85 · Electrical and electronic equipment$4 million$60 million
25 · Salt, stone and cement$3 million$1 million
90 · Precision and medical instruments$3 million$19 million
05 · Other animal products$3 million$68 thousand
87 · Vehicles$2 million$48 million
71 · Gems and precious metals$2 million$1 million
27 · Oil, gas and coal$1 million$227 million
72 · Iron and steel$954 thousand$8 million
63 · Home textiles and used clothing$924 thousand$6 million
82 · Tools and cutlery$908 thousand$18 million
97 · Art and antiques$491 thousand$239 thousand
51 · Wool$360 thousand$471 thousand
39 · Plastics$350 thousand$22 million
21 · Food preparations$338 thousand$16 million
43 · Fur and fur goods$241 thousand$253 thousand
73 · Iron and steel products$236 thousand$43 million
94 · Furniture and lighting$220 thousand$24 million
30 · Pharmaceuticals$212 thousand$2 million
23 · Animal feed and food waste$152 thousand$2 million
88 · Aircraft and spacecraft$146 thousand$19 million
62 · Woven clothing$128 thousand$12 million
33 · Perfumes and cosmetics$120 thousand$4 million
44 · Wood$117 thousand$14 million
28 · Inorganic chemicals$115 thousand$3 million
22 · Beverages and spirits$113 thousand$33 million
95 · Toys and sports gear$103 thousand$7 million
02 · Meat and offal$96 thousand$23 million
61 · Knitted clothing$75 thousand$9 million
83 · Miscellaneous metal goods$69 thousand$21 million
64 · Footwear$58 thousand$4 million
76 · Aluminum$54 thousand$7 million
48 · Paper and paperboard$50 thousand$19 million
92 · Musical instruments$49 thousand$538 thousand
42 · Leather goods and bags$41 thousand$1 million
49 · Books and printed matter$41 thousand$1 million
34 · Soap and cleaning products$29 thousand$6 million
69 · Ceramics$27 thousand$3 million
32 · Dyes, paints and tanning agents$23 thousand$5 million
20 · Preserved fruit and vegetables$21 thousand$11 million
74 · Copper$20 thousand$1 million
54 · Synthetic filaments$20 thousand$159 thousand
40 · Rubber$19 thousand$6 million
93 · Weapons and ammunition$18 thousand$3 million
68 · Stone, plaster and cement articles$17 thousand$7 million
31 · Fertilizers$15 thousand$3 million
38 · Miscellaneous chemicals$14 thousand$6 million
29 · Organic chemicals$9 thousand$2 million
56 · Felt, nonwovens and rope$9 thousand$5 million
26 · Ores and slag$7 thousand$3 thousand
70 · Glass$7 thousand$5 million
13 · Gums and plant extracts$6 thousand$41 thousand
91 · Watches and clocks$6 thousand$270 thousand
96 · Other manufactured goods$5 thousand$1 million
59 · Coated and technical textiles$5 thousand$1 million
79 · Zinc$4 thousand$77 thousand
86 · Railway equipment$3 thousand$3 million
60 · Knitted fabric$2 thousand$51 thousand
52 · Cotton$2 thousand$215 thousand
65 · Hats$2 thousand$647 thousand
37 · Photographic goods$2 thousand$86 thousand
07 · Vegetables$1 thousand$7 million
35 · Glues, starches and enzymes$1 thousand$326 thousand
15 · Fats and oils$1 thousand$1 million
47 · Wood pulp$950$88 thousand
58 · Special fabrics and lace$736$85 thousand
41 · Hides and leather$713$17 thousand
19 · Baked goods and cereal products$649$22 million
09 · Coffee, tea and spices$598$5 million
06 · Live plants and flowers$432$921 thousand
50 · Silk$371$0
17 · Sugar and sweets$229$6 million
75 · Nickel$218$9 thousand
57 · Carpets and rugs$123$236 thousand
78 · Lead$63$73 thousand
67 · Feathers and artificial flowers$58$48 thousand
18 · Cocoa and chocolate$46$5 million
12 · Oilseeds and grains$44$161 thousand
81 · Other base metals$25$28 thousand
11 · Milling products and malt$6$2 million
04 · Dairy, eggs and honey$1$16 million
36 · Explosives and matches$1$1 million
24 · Tobacco$0$12 million
08 · Fruit and nuts$0$8 million
10 · Cereals$0$1 million
46 · Wicker and basketware$0$70 thousand
66 · Umbrellas and canes$0$51 thousand
55 · Synthetic staple fibers$0$50 thousand
01 · Live animals$0$10 thousand
14 · Other plant products$0$9 thousand
80 · Tin$0$7 thousand
53 · Other plant fibers$0$3 thousand
45 · Cork$0$2 thousand

Trading partners

Denmark is its main destination (45.5% of exports) and source (66.4% of imports).

Who it sells to

PartnerValue (USD millions)ShareMode
Denmark71945.5%Sea
China37723.9%Sea
United Kingdom88.25.6%Sea
Japan76.84.9%Sea
Iceland65.94.2%Sea
Germany452.9%Sea
Taiwan36.72.3%Sea
Norway352.2%Sea
United States32.32.1%Sea
Poland18.11.2%Sea

Who it buys from

PartnerValue (USD millions)ShareMode
Denmark65866.4%Sea
Sweden17817.9%Sea
Iceland30.13%Sea
Netherlands27.72.8%Sea
Canada25.72.6%Sea
Germany17.41.8%Sea
United States12.81.3%Air
Norway12.81.3%Air
France6.20.62%Air
Austria4.20.42%Sea

Overview 1995–2024

In 2024, Greenland accounted for 0.01% of world exports, compared with 0.01% in 1995.

Exports and imports

Exports quadrupled since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 1.6
  • Imports 1
  • Balance +0.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$415 million$362 million$53 million
1996$396 million$424 million-$28 million
1997$348 million$330 million$17 million
1998$351 million$374 million-$23 million
1999$343 million$398 million-$55 million
2000$353 million$308 million$46 million
2001$369 million$323 million$47 million
2002$392 million$356 million$36 million
2003$445 million$492 million-$47 million
2004$454 million$608 million-$154 million
2005$493 million$691 million-$198 million
2006$534 million$694 million-$159 million
2007$587 million$794 million-$207 million
2008$666 million$1 billion-$343 million
2009$501 million$796 million-$294 million
2010$590 million$910 million-$320 million
2011$715 million$1 billion-$296 million
2012$737 million$919 million-$182 million
2013$803 million$892 million-$90 million
2014$817 million$897 million-$81 million
2015$756 million$714 million$42 million
2016$894 million$787 million$107 million
2017$979 million$849 million$130 million
2018$1.1 billion$892 million$240 million
2019$1.3 billion$995 million$270 million
2020$1.3 billion$778 million$559 million
2021$1.4 billion$931 million$489 million
2022$1.5 billion$1 billion$463 million
2023$1.7 billion$1.1 billion$560 million
2024$1.6 billion$992 million$589 million

World rank

Greenland fell from 135th to 145th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 135th in 1995
  • 145th in 2024

Source: CEPII BACI

Show the numbers
YearRank
1995135th
1996141st
1997144th
1998145th
1999147th
2000154th
2001154th
2002156th
2003157th
2004161st
2005162nd
2006163rd
2007162nd
2008164th
2009167th
2010165th
2011166th
2012164th
2013167th
2014164th
2015162nd
2016162nd
2017161st
2018154th
2019154th
2020150th
2021156th
2022154th
2023151st
2024145th

What it sells

Its top export group is still fish and seafood: 79% in 2024

% of exports by Harmonized System chapter.

  • Other 1%
  • Other animal products 0%
  • Precision and medical instruments 0%
  • Salt, stone and cement 0%
  • Electrical and electronic equipment 0%
  • Mechanical machinery 1%
  • Ships and boats 4%
  • Prepared meat and fish 15%
  • Fish and seafood 79%

Source: CEPII BACI

Show the numbers
Chapter19952024
Fish and seafood64.7%79%
Prepared meat and fish28.7%15.1%
Ships and boats3.7%3.8%
Mechanical machinery0.26%0.52%
Electrical and electronic equipment0.12%0.25%
Salt, stone and cement0%0.2%
Precision and medical instruments0.07%0.2%
Other animal products0.33%0.18%
Other2.2%0.75%

Who it trades with

Denmark went from 72% to 54% of Greenland's trade

% of total trade (exports + imports) with each partner.

  • Denmark 54%
  • China 15%
  • Sweden 7%
  • Iceland 4%
  • United Kingdom 3%

Source: CEPII BACI

Show the numbers
Partner19952024
Denmark71.6%53.5%
China0.27%14.8%
Sweden0.97%7%
Iceland3%3.7%
United Kingdom3.1%3.5%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

No hubs above the globe threshold.

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Largest economic production hubs (gridded GDP, 2024)

No hubs above the globe threshold.

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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

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