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Greenland

Greenland ranked No. 193 in total trade value through October with a total of $20.77 million. Exports totaled $5.2 million and Imports totaled $15.56 million, a deficit of $10.36 million.

January – October 2018

Top Trading Ports

Total Trade: $20.77 million

RankPortTotal YTD
1Port of Portland, Maine $10,943,367
2Port of Los Angeles $2,340,832
3Port of Virginia $1,674,563
4Port Miami $1,025,628
5Port of Calais, Maine $1,010,581
6Port of Boston $972,718
7Cleveland’s Hopkins International Airport, Ohio $580,815
8Port of New York $499,552
9Low-Valued Imports and Exports $306,682
10Philadelphia International Airport $204,297

U.S. trade with Greenland rose to $20.77 million through October

Greenland’s trade with the United States rose to $20.77 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 2.43 percent below its total trade during the same time period last year. Greenland’s exports decreased 44.59 percent while imports rose 30.86 percent. The U.S. deficit with Greenland was $10.36 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Portland, Maine; No. 2 Port of Los Angeles; No. 3 Port of Virginia; No. 4 Port Miami; and No. 5 Port of Calais, Maine. During the same period the previous year, the top five were No. 1 Port of Portland, Maine No. 2 Burlington Intternational Airport, Vt. No. 3 Port of Virginia No. 4 Port of Newark and No. 5 Port of Los Angeles. In the current time period, the top five accounted for 81.84 percent of Greenland’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Portland, Maine rose 62.32 percent to $10.94 million.
    Exports fell 46.52 percent to $1.22 million. Imports rose 118.2 percent to $9.72 million.
  • Trade with No. 2 Port of Los Angeles rose 54.07 percent to $2.34 million.
    There were no exports. Imports rose 54.07 percent to $2.34 million.
  • Trade with No. 3 Port of Virginia fell 49.07 percent to $1.67 million.
    Exports fell 49.07 percent to $1.67 million. There were no imports.
  • Trade with No. 4 Port Miami totaled $1.03 million.
    There were no exports. Imports totaled $1.03 million.
  • Trade with No. 5 Port of Calais, Maine totaled $1.01 million.
    There were no exports. Imports totaled $1.01 million.

Greenland ranked No. 193 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 189.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Greenland by value through October were the categories of Meteorological, hydraulic and survey equipment; Motor vehicles for transporting people; Low value shipments; Defense-related aircraft, parts; and Self-propelled heavy construction machinery, respectively. They accounted for 55.23 percent of total exports to Greenland.

The value of the top five categories of U.S. imports from Greenland –– Shrimp, other crustaceans; Frozen fish; Fish fillets, chilled or frozen; Value added to a returned import; and Fish, fresh or chilled –– accounted for 99.17 percent of all inbound shipments.

Looking more closely at U.S. exports to Greenland:

  • Meteorological, hydraulic and survey equipment rose 40.88 percent compared to last year to $1.19 million.
  • Motor vehicles for transporting people fell 19.38 percent compared to last year to $767,527.
  • Low value shipments fell 38.22 percent compared to last year to $306,682.
  • Defense-related aircraft, parts fell 83.28 percent compared to last year to $303,575.
  • Self-propelled heavy construction machinery totaled $301,492. The previous year, there were no exports in this category.

Looking more closely at U.S. imports from Greenland:

  • Shrimp, other crustaceans rose 139.57 percent compared to last year to $12.28 million.
  • Frozen fish rose 18.43 percent compared to last year to $1.62 million.
  • Fish fillets, chilled or frozen fell 2.1 percent compared to last year to $1.16 million.
  • Value added to a returned import fell 94.33 percent compared to last year to $213,774.
  • Fish, fresh or chilled rose 95.59 percent compared to last year to $156,346.

In the latest annual figures available, Greenland recorded $22.97 million in trade with the United States. At year’s end, its were Portland, Maine; St. Albans, Vt.; Norfolk; New York City; and Los Angeles. Total U.S. exports to Greenland were $ 9.88 million and imports from Greenland were $13.08 million. The U.S. deficit with Greenland was $3.2 million.