Greenland-USA Bilateral Trade Analysis 2023
Complete trade statistics: $33.81M total volume •Greenland surplus: $21.81M
Greenland → USA
$27.81M
Exports (2023)
USA → Greenland
$6.00M
Imports (2023)
Trade Balance
$21.81M
Surplus for Greenland
Total Trade
$33.81M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Greenland and USA. 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-USA commercial relationship and competitive positioning in global markets.
Greenland → USA Exports
Export Market Intelligence
🎯 Strategic Export Focus
Greenland's export portfolio to USA demonstrates strategic specialization, with crustaceans: frozen, crabs, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water representing a key competitive advantage in this bilateral market.
USA → Greenland Imports
Import Dependency Profile
📦 Import Strategy Analysis
Greenland's import pattern from USA reveals significant dependencyin vehicles: break-down lorries, road-sweepers, spraying lorries, mobile workshops, mobile radiological units, and other special purpose vehicles n.e.c. in heading no. 8705, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Greenland demonstrates competitive strength in exportingcrustaceans: frozen, crabs, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water to USA, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $33.81M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Greenland-USA Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $33.81 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Greenland maintains a surplus of $21.81 million
- Export Focus: Greenland's primary exports include crustaceans: frozen, crabs, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water, fish fillets: frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus), fish: frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99
- Import Dependencies: Key imports from USA include vehicles: break-down lorries, road-sweepers, spraying lorries, mobile workshops, mobile radiological units, and other special purpose vehicles n.e.c. in heading no. 8705, vehicles: specially designed for travelling on snow, golf cars and similar vehicles, surveying equipment: articles n.e.c. in heading no. 9015, including hydrographic, oceanographic, hydrological, meteorological or geophysical instruments and appliances (excluding compasses)
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 $33.81M 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 crustaceans: frozen, crabs, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water.
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 crustaceans: frozen, crabs, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in watercomplements USA's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicles: break-down lorries, road-sweepers, spraying lorries, mobile workshops, mobile radiological units, and other special purpose vehicles n.e.c. in heading no. 8705.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $33.81M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $33.81M 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 $33.81 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in crustaceans: frozen, crabs, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water and vehicles: break-down lorries, road-sweepers, spraying lorries, mobile workshops, mobile radiological units, and other special purpose vehicles n.e.c. in heading no. 8705 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Greenland's trade surplus of $21.81 million strengthens 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 USA represents a total trade volume of $33.81 million in 2023. This partnership demonstrates a favorable trade balance for Greenland, with exports exceeding importsby $21.81 million.
Export Strengths
Greenland's exports to USA total $27.81 million, with competitive advantages in crustaceans: frozen, crabs, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water, representing $18.30M or65.8% of bilateral exports.
Import Dependencies
Imports from USA amount to $6.00 million, highlighting economic interdependence in vehicles: break-down lorries, road-sweepers, spraying lorries, mobile workshops, mobile radiological units, and other special purpose vehicles n.e.c. in heading no. 8705, with Vehicles: break-down lorries, road-sweepers, spraying lorries, mobile workshops, mobile radiological units, and other special purpose vehicles n.e.c. in heading no. 8705 comprising20.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Greenland's competitive position in this bilateral relationship. 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 USA in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023