Merchandise trade in Greenland
Greenland: Merchandise trade was 63.2% in 2023. ▼ Falling
Merchandise trade in Greenland, 1970–2023
Source: World Trade Organization (WTO). Measured in % of GDP.
Analysis
In 2023, merchandise trade in Greenland stood at 63.2%.
The figure is up 3.0% on the previous year and up 13.3% over ten years.
Over the whole period, merchandise trade in Greenland peaked at 116.8% in 1984 and was at its lowest, 42.9%, in 2015.
That places Greenland 76th out of 204 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Merchandise trade in Greenland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 96.4% | — |
| 1971 | 90.4% | -6.2% |
| 1972 | 88.6% | -2.0% |
| 1973 | 89.9% | +1.5% |
| 1974 | 116.5% | +29.6% |
| 1975 | 101.8% | -12.6% |
| 1976 | 89.3% | -12.3% |
| 1977 | 89.3% | -0.0% |
| 1978 | 78.9% | -11.6% |
| 1979 | 104.6% | +32.5% |
| 1980 | 108.0% | +3.2% |
| 1981 | 110.2% | +2.0% |
| 1982 | 111.8% | +1.5% |
| 1983 | 107.2% | -4.2% |
| 1984 | 116.8% | +9.0% |
| 1985 | 113.8% | -2.5% |
| 1986 | 102.8% | -9.7% |
| 1987 | 108.3% | +5.4% |
| 1988 | 101.3% | -6.5% |
| 1989 | 87.9% | -13.2% |
| 1990 | 88.0% | +0.2% |
| 1991 | 73.7% | -16.3% |
| 1992 | 76.0% | +3.2% |
| 1993 | 71.1% | -6.5% |
| 1994 | 64.4% | -9.4% |
| 1995 | 66.6% | +3.4% |
| 1996 | 70.0% | +5.1% |
| 1997 | 64.4% | -8.0% |
| 1998 | 57.7% | -10.3% |
| 1999 | 60.6% | +5.0% |
| 2000 | 59.7% | -1.5% |
| 2001 | 54.5% | -8.8% |
| 2002 | 59.0% | +8.3% |
| 2003 | 51.8% | -12.3% |
| 2004 | 50.9% | -1.8% |
| 2005 | 53.8% | +5.8% |
| 2006 | 52.5% | -2.5% |
| 2007 | 52.8% | +0.7% |
| 2008 | 55.3% | +4.7% |
| 2009 | 43.6% | -21.2% |
| 2010 | 47.5% | +9.0% |
| 2011 | 52.4% | +10.4% |
| 2012 | 51.2% | -2.3% |
| 2013 | 55.8% | +8.9% |
| 2014 | 50.2% | -10.0% |
| 2015 | 42.9% | -14.4% |
| 2016 | 48.4% | +12.6% |
| 2017 | 47.6% | -1.7% |
| 2018 | 50.0% | +5.2% |
| 2019 | 60.5% | +20.9% |
| 2020 | 57.4% | -5.1% |
| 2021 | 56.7% | -1.2% |
| 2022 | 61.3% | +8.1% |
| 2023 | 63.2% | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 94.6% | 78.9% | 116.5% | 10 |
| 1980s | 106.8% | 87.9% | 116.8% | 10 |
| 1990s | 69.3% | 57.7% | 88.0% | 10 |
| 2000s | 53.4% | 43.6% | 59.7% | 10 |
| 2010s | 50.6% | 42.9% | 60.5% | 10 |
| 2020s | 59.7% | 56.7% | 63.2% | 4 |
Countries ranked near Greenland
- 73 Congo, Democratic Republic of the 66.1% compare
- 74 Germany 65.5% compare
- 75 Azerbaijan 65.1% compare
- 77 Ireland 62.7% compare
- 78 Portugal 62.1% compare
- 79 Papua New Guinea 62.0% compare
More private sector data for Greenland
- Food imports 19.8% (2018)
- Manufactures imports 60.0% (2018)
- Merchandise imports 1.02 billion current US$ (2025)
- Food exports 92.3% (2018)
- Manufactures exports 4.5% (2018)
- Merchandise exports 1.01 billion current US$ (2025)
- Merchandise exports (current US$), per capita 17,807 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2847 current US$ per US$ of GDP (2023)
- Merchandise exports (current US$), annual growth rate 26.34 % change on previous year (2025)
- Merchandise imports (current US$), per capita 17,983 current US$ per person (2025)
Frequently asked questions
- What is merchandise trade in Greenland?
- Merchandise trade in Greenland was 63.2% in 2023, according to World Trade Organization (WTO).
- What is the highest merchandise trade recorded in Greenland?
- The highest recorded value was 116.8% in 1984.
- What is the lowest merchandise trade recorded in Greenland?
- The lowest recorded value was 42.9% in 2015.
- How does Greenland rank for merchandise trade?
- Greenland ranks 76th out of 204 countries with data for 2023.
- Is merchandise trade rising or falling in Greenland?
- Over the last ten years it is up 13.3%. The long-run trend across the full record is falling.
- Where does this Greenland data come from?
- The figures come from World Trade Organization (WTO), published as part of Merchandise trade (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.