Greenland: Merchandise exports (current US$)

Key figures

What the numbers say

In 2025, Greenland's merchandise exports (current US$) rose 26.3% on 2024 (from US$801 million to US$1.01 billion).

Across the 30 yearly changes before that (1995 to 2024), the average change was +4.7% and a typical year strayed about 15.6% from that (the standard deviation). This year's change was 1.4 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 196.8% in 1974 and the biggest yearly fall was 27.4% in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about US$39.95 million a year. A straight line explains 78% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about US$1.11 billion for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was US$74.23 million, against US$111 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2025, Greenland had the 155th highest value of the 204 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Greenland in the 2025 ranking

• Somalia, Fed. Rep. — 152nd of 204: US$1.3 billion
• New Caledonia — 153rd of 204: US$1.27 billion
• Fiji — 154th of 204: US$1.13 billion
• Malawi — 156th of 204: US$947 million
• Afghanistan — 157th of 204: US$926 million
• Bhutan — 158th of 204: US$800 million

What this measures

Merchandise exports includes goods whose economic ownership is changed from a resident to 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. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Exports are recorded as the cost of the goods delivered to the frontier of the exporting country for shipment - the free on board (f.o.b.) value. Countries may report trade according to the general or special system of trade. Under the general system exports comprise outward-moving goods that are (a) goods wholly or partly produced in the country; (b) foreign goods, neither transformed nor declared for domestic consumption in the country, that move outward from customs storage; and (c) goods previously included as imports for domestic consumption but subsequently exported without transformation. Under the special system exports comprise categories a and c.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 66 values

Merchandise exports (current US$) in nearby economies

• Albania — US$4.35 billion (2025)
• Andorra — US$277 million (2025)
• Armenia — US$8.4 billion (2025)
• Austria — US$222.03 billion (2025)
• Azerbaijan — US$25.04 billion (2025)
• Belarus — US$41.4 billion (2025)
• Belgium — US$568.11 billion (2025)
• Bosnia and Herzegovina — US$9.81 billion (2025)
• Bulgaria — US$48.32 billion (2025)
• Croatia — US$28.39 billion (2025)
• Cyprus

More private sector & trade data for Greenland

• Merchandise imports (current US$) — US$1.02 billion (2025)
• Merchandise imports from high-income economies (% of total merchandise imports) — 98.35% (2023)
• Merchandise imports by the reporting economy, residual (% of total merchandise imports) — 0.000486% (2023)
• Merchandise imports by the reporting economy (current US$) — US$1.21 billion (2023)
• Merchandise exports to high-income economies (% of total merchandise exports) — 96.96% (2023)
• Merchandise exports by the reporting economy, residual (% of total merchandise exports) — 0% (2023)
• Merchandise exports by the reporting economy (current US$) — US$1.01 billion (2023)
• Merchandise trade (% of GDP)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Greenland's merchandise exports (current US$)?

US$1.01 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 12,550% from US$8 million in 1960 (7.73% a year on average, compounded). The highest value was US$1.01 billion in 2025 and the lowest US$8 million in 1960.

How does Greenland rank?

Source

World Bank, World Development Indicators, indicator TX.VAL.MRCH.CD.WT, licensed CC BY 4.0. Original source: World Trade Organization (WTO) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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