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Pricing

2022
Flag → Flag
Exports $222kRnk 207 / 220
2022
Flag → Flag
Top Product $70.9kPlanes, Helicopters, and/or Spacecraft
2022
Flag → Flag
Exports $502kRnk 28 / 66
2022
Flag → Flag
Top Product $386kCrustaceans
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

About

South Korea-Greenland Trade: In 2022, South Korea exported $222k to Greenland. The main products that South Korea exported to Greenland were Planes, Helicopters, and/or Spacecraft ($70.9k), Other Hand Tools ($68.9k), and Electric Batteries ($33.1k). Over the past 5 years the exports of South Korea to Greenland have increased at an annualized rate of 6.61%, from $161k in 2017 to $222k in 2022.

In 2022, South Korea did not export any services to Greenland.

Greenland-South Korea Trade: In 2022, Greenland exported $502k to South Korea. The main products that Greenland exported to South Korea were Crustaceans ($386k), Planes, Helicopters, and/or Spacecraft ($69.4k), and Scrap Aluminium ($35.9k). Over the past 5 years the exports of Greenland to South Korea have decreased at an annualized rate of 12.1%,  from $954k in 2017 to $502k in 2022.

In 2022, Greenland did not export any services to South Korea.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, Greenland ranked 152 in total exports ($1.49B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $69k and imported $151k from Greenland, resulting in a negative trade balance of $82k. Between July 2023 and July 2024 the exports of South Korea have decreased by $-58k (-45.7%) from $127k to $69k, while imports increased by $57k (60.6%) from $94k to $151k.

Trade In July 2024, the top exports of South Korea to Greenland were Perfumery & cosmetics ($0), Plastics & articles thereof ($0), Knitted clothing accesories ($0), Tools & cutlery ($0), and Electrical machinery and electronics ($0). In July 2024 the top imports of South Korea from Greenland were Perfumery & cosmetics ($0), Plastics & articles thereof ($0), Knitted clothing accesories ($0), Tools & cutlery ($0), and Electrical machinery and electronics ($0).

Growth In July 2024, the decrease in South Korea's year-by-year exports to Greenland was explained primarily by an decrease in product exports in . In July 2024, the increase in South Korea's year-by-year imports  from Greenland was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-58k(-45.7%)
IMPORT GROWTH (July 2023 - July 2024)$57k(60.6%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Greenland and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Greenland and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $222k to Greenland. The main products exported from South Korea to Greenland were Planes, Helicopters, and/or Spacecraft ($70.9k), Other Hand Tools ($68.9k), and Electric Batteries ($33.1k). During the last 5 years the exports of South Korea to Greenland have increased at an annualized rate of 6.61%, from $161k in 2017 to $222k in 2022.

In 2017, Greenland exported $502k to South Korea. The main products exported from Greenland to South Korea were Crustaceans ($386k), Planes, Helicopters, and/or Spacecraft ($69.4k), and Scrap Aluminium ($35.9k). During the last 5 years the exports of Greenland to South Korea have decreased at an annualized rate of 12.1%, from $954k in 2022 to $502k in 2017.

Exports from South Korea (Flag) to Greenland (Flag) (2022)

Exports from Greenland (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Greenland
Top DestinationDenmark$731M

This map shows whether countries import more from South Korea or Greenland. Each country is colored based on the difference in imports they receive from South Korea and Greenland or the difference in the growth in imports.

In 2022, countries that imported more from South Korea than Greenland included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Greenland than South Korea included Denmark ($731M).

Difference in imports from Greenland (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Greenland

Flow
Scale

This chart compares trade between South Korea and Greenland by product, considering products traded by both, South Korea and Greenland.

During 2022, South Korea had a large net trade with Greenland in the exports of Machines ($75.6k), Transportation ($71.4k), and Metals ($68.9k).

During 2017, Greenland had a large net trade with South Korea in the exports of Animal Products ($386k), Transportation ($69.4k), and Metals ($37.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Greenland+N/AN/A
Top Product Potential Greenland South Korea+N/AN/A

N/A

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Greenland. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Greenland. Similarly, a dot/product with the flag of Greenland indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Greenland (Flag) (2022)

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