Trade balance in Greenland in 2023 — -342,395,021 US$. Ranked 92 in the world out of 175. Since 2003, the indicator has fallen by 87.7%.
2003–2023 · US$
How the value compares with the world and the groups this territory belongs to: Greenland
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2023 | -342M | +29.11M | +7.83% |
| 2022 | -372M | +141M | +27.57% |
| 2021 | -513M | −181M | −54.75% |
| 2020 | -331M | −28.56M | −9.43% |
| 2019 | -303M | −276M | −1,042.55% |
| 2018 | -26.51M | +53.99M | +67.07% |
| 2017 | -80.5M | +36.12M | +30.97% |
| 2016 | -117M | +81.86M | +41.24% |
| 2015 | -198M | +89.8M | +31.15% |
| 2014 | -288M | +262M | +47.65% |
| 2013 | -551M | +127M | +18.7% |
| 2012 | -677M | +787M | +53.75% |
| 2011 | -1.46B | −404M | −38.11% |
| 2010 | -1.06B | −446M | −72.51% |
| 2009 | -615M | +220M | +26.39% |
| 2008 | -835M | −327M | −64.51% |
| 2007 | -508M | −224M | −78.99% |
| 2006 | -284M | +41.72M | +12.82% |
| 2005 | -325M | −151M | −86.35% |
| 2004 | -175M | +7.89M | +4.32% |
| 2003 | -182M | — | — |
The same indicator for neighboring countries — with links to their pages
The balance of foreign trade in goods and services: exports minus imports. This is the largest part of the current account but not the whole of it — investment income and remittances do not enter the trade balance, and for countries with large transfers the two indicators move in opposite directions. A surplus is not in itself a sign of a healthy economy: a country importing equipment for construction will run a deficit precisely because it is investing in growth.
Important: Goods and services together. For countries with large service exports — tourism, transport, software — the merchandise balance can be negative while the overall balance is positive.
Source: World Development Indicators (World Bank), license CC BY 4.0.
The value of goods shipped out and of services provided to non-residents, in US dollars.
Trade Imports of goods and servicesThe value of goods brought in and of services received from non-residents.
Trade Trade opennessExports plus imports as a percent of GDP — total foreign trade turnover.
