Greenland-Sweden Bilateral Trade Analysis 2023
Complete trade statistics: $211.33M total volume •Greenland deficit: $211.33M
Greenland → Sweden
$0
Exports (2023)
Sweden → Greenland
$211.33M
Imports (2023)
Trade Balance
$211.33M
Deficit for Greenland
Total Trade
$211.33M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Greenland and Sweden. 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-Sweden commercial relationship and competitive positioning in global markets.
Greenland → Sweden Exports
Export Market Intelligence
🎯 Strategic Export Focus
Greenland's export portfolio to Sweden demonstrates strategic specialization, with crustacean preparations: shrimps and prawns, prepared or preserved, not in airtight containers representing a key competitive advantage in this bilateral market.
Sweden → Greenland Imports
Import Dependency Profile
📦 Import Strategy Analysis
Greenland's import pattern from Sweden reveals significant dependencyin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Greenland demonstrates competitive strength in exportingcrustacean preparations: shrimps and prawns, prepared or preserved, not in airtight containers to Sweden, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $211.33M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Greenland-Sweden Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $211.33 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Greenland maintains a deficit of $211.33 million
- Export Focus: Greenland's primary exports include crustacean preparations: shrimps and prawns, prepared or preserved, not in airtight containers, mechanical appliances: steam or sand blasting machines and similar jet projecting machines, monopods, bipods, tripods and similar articles
- Import Dependencies: Key imports from Sweden include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, fertilizers, mineral or chemical: nitrogenous, ammonium nitrate, whether or not in aqueous solution, vehicles: with only electric motor for propulsion
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 $211.33M 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 crustacean preparations: shrimps and prawns, prepared or preserved, not in airtight containers.
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 crustacean preparations: shrimps and prawns, prepared or preserved, not in airtight containerscomplements Sweden's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $211.33M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $211.33M 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 $211.33 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in crustacean preparations: shrimps and prawns, prepared or preserved, not in airtight containers and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Greenland's trade deficit of $211.33 million 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 Sweden represents a total trade volume of $211.33 million in 2023. This partnership demonstrates an unfavorable trade balance for Greenland, with imports exceeding exportsby $211.33 million.
Export Strengths
Greenland's exports to Sweden total $0.00, with competitive advantages in crustacean preparations: shrimps and prawns, prepared or preserved, not in airtight containers, representing $34,307 orInfinity% of bilateral exports.
Import Dependencies
Imports from Sweden amount to $211.33 million, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising90.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Greenland's strategic sourcing from Sweden. 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 Sweden in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023