Greenland Trade Balance
External balance on goods and services NE.RSB.GNFS.CD
Greenland's trade balance was $-419.9M in 2025, ranked 94th globally. This represents a 22.6% decrease from 2024. Data from World Bank, covering 2003–2025.
Overview
Greenland's trade balance stood at $-419.9M in 2025, a decline of +$77.5M from 2023. Based on recent trends, this figure is projected to reach $-419.9M by 2025. Greenland ranked 94th globally.
Greenland’s trade balance has remained firmly in deficit over the 22‑year series, widening from –182,462,001.38 in 2003 to a pronounced –419,853,771.12 in 2025, the 94th most negative balance among World Bank‑listed economies. The narrowest shortfall occurred in 2018, when the deficit contracted to –26,509,912.95, but the record trough was reached in 2011 with a loss of –1,464,429,457.20, underscoring the volatility of the island’s import‑export dynamics. Compared with peers of similar rank, Greenland’s 2025 deficit is slightly larger than American Samoa’s –381,500,000.00 and marginally less negative than Central African Republic’s –423,223,071.11, indicating a competitive but still substantial gap between export earnings and import spending. Persistent reliance on imported goods, limited diversification of export commodities, and fluctuating commodity prices have constrained the balance. Unless Greenland expands high‑value export sectors or curtails import growth, the deficit trajectory is likely to remain downward‑biased in the near term.
Data & projection
| Year | Trade Balance | YoY change | Rank |
|---|---|---|---|
| 2026* trend | $-431.8M | - | - |
| 2025* trend | $-419.9M | - | - |
| 2025 | $-419.9M | −$77.5M | #94 |
| 2023 | $-342.4M | +$29.1M | #80 |
| 2022 | $-371.5M | +$141.4M | #93 |
| 2021 | $-512.9M | −$181.5M | #80 |
| 2020 | $-331.5M | −$28.6M | #89 |
| 2019 | $-302.9M | −$276.4M | #84 |
| 2018 | $-26.5M | +$54.0M | #112 |
| 2017 | $-80.5M | +$36.1M | #100 |
| 2016 | $-116.6M | +$81.9M | #102 |
| 2015 | $-198.5M | +$89.8M | #104 |
| 2014 | $-288.3M | +$262.4M | #93 |
| 2013 | $-550.7M | +$126.6M | #87 |
| 2012 | $-677.3M | +$787.1M | #89 |
| 2011 | $-1.5B | −$404.1M | #63 |
| 2010 | $-1.1B | −$445.7M | #69 |
Analysis
Greenland's trade balance was $-419.9M in 2025, a decline of −$77.5M from 2024. Based on trends, estimated $-419.9M by 2025.
Frequently Asked Questions
Greenland's trade balance was $-419.9M in 2025. Ranked 94th globally. This represents a 22.6% decrease from the previous year.
Greenland's trade balance peaked at $-26.5M in 2018.
The lowest trade balance in Greenland was $-1.5B in 2011.
Greenland ranks 94th globally in trade balance as of 2025.
The World Bank indicator code is NE.RSB.GNFS.CD. Data sourced from World Bank.
Greenland's trade balance is projected to reach $-419.9M by 2025 based on trend extrapolation.
The trade balance of Greenland in 2025 was $-419.9M. This ranks 94th in the world.
Cite this page
@misc{historysaid_greenland_trade-balance,
title = {Greenland Trade Balance},
url = {https://historysaid.com/greenland/trade-balance/},
publisher = {HistorySaid},
year = {2026}
}