Greenland

In 2014, the value of merchandise exports of Greenland increased moderately by 10.3 percent to reach 540.5 mln US$, while its merchandise imports decreased moderately by 6.5 percent to reach 768.3 mln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a moderate deficit of 227.8 mln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at -200.8 mln US$ (see graph 4). Merchandise exports in Greenland were highly concentrated amongst partners; imports were also highly concentrated. The top 2 partners accounted for 80 percent or more of exports and 2 partners accounted for 80 percent or more of imports (see graph 5). In 2006, the value of exports of services of Greenland decreased moderately by 9.8 percent, reaching 203.0 mln US$, while its imports of services increased moderately by 6.4 percent and reached 315.1 mln US$ (see graph 2). There was a moderate trade in services deficit of 112.1 mln US$.

Related Subject(s): International Trade and Finance

Countries: Greenland