Greenland-Portugal Bilateral Trade Analysis 2023
Complete trade statistics: $942,005 total volume •Greenland deficit: $942,005
Greenland → Portugal
$0
Exports (2023)
Portugal → Greenland
$942,005
Imports (2023)
Trade Balance
$942,005
Deficit for Greenland
Total Trade
$942,005
Combined Volume
Trade Flow Visualization
Direct trade relationship between Greenland and Portugal. Green line shows exports from Greenland, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Greenland-Portugal commercial relationship and competitive positioning in global markets.
Greenland → Portugal Exports
Export Market Intelligence
🎯 Strategic Export Focus
Greenland's export portfolio to Portugal demonstrates strategic specialization, with fish: frozen, mackerel (scomber scombrus, scomber australasicus, scomber japonicus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 representing a key competitive advantage in this bilateral market.
Portugal → Greenland Imports
Import Dependency Profile
📦 Import Strategy Analysis
Greenland's import pattern from Portugal reveals significant dependencyin iron or steel: stranded wire, ropes and cables, not electrically insulated, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Greenland demonstrates competitive strength in exportingfish: frozen, mackerel (scomber scombrus, scomber australasicus, scomber japonicus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 to Portugal, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $942,005 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Greenland-Portugal Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $942.00 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: Greenland maintains a deficit of $942.00 thousand
- Export Focus: Greenland's primary exports include fish: frozen, mackerel (scomber scombrus, scomber australasicus, scomber japonicus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, printed matter: books, brochures, leaflets and similar printed matter n.e.c. in item no. 4901.10 or 4901.91
- Import Dependencies: Key imports from Portugal include iron or steel: stranded wire, ropes and cables, not electrically insulated, twine, cordage or rope: fishing nets, made up, of man made textile materials, yachts and other vessels: for pleasure or sports, rowing boats and canoes, n.e.c. in heading no. 8903, other than inflatable
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $942,005 represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Greenland leveraging its comparative advantages in fish: frozen, mackerel (scomber scombrus, scomber australasicus, scomber japonicus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Greenland's specialization in fish: frozen, mackerel (scomber scombrus, scomber australasicus, scomber japonicus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99complements Portugal's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in iron or steel: stranded wire, ropes and cables, not electrically insulated.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $942,005 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $942,005 bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $942.00 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in fish: frozen, mackerel (scomber scombrus, scomber australasicus, scomber japonicus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 and iron or steel: stranded wire, ropes and cables, not electrically insulated demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Greenland's trade deficit of $942.00 thousand impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Greenland and Portugal represents a total trade volume of $942.00 thousand in 2023. This partnership demonstrates an unfavorable trade balance for Greenland, with imports exceeding exportsby $942.00 thousand.
Export Strengths
Greenland's exports to Portugal total $0.00, with competitive advantages in fish: frozen, mackerel (scomber scombrus, scomber australasicus, scomber japonicus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, representing $794,886 orInfinity% of bilateral exports.
Import Dependencies
Imports from Portugal amount to $942.00 thousand, highlighting economic interdependence in iron or steel: stranded wire, ropes and cables, not electrically insulated, with Iron or steel: stranded wire, ropes and cables, not electrically insulated comprising38.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Greenland's strategic sourcing from Portugal. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Greenland and Portugal in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023