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Greenland

Greenland ranked No. 199 in total trade value through February with a total of $2.37 million. Exports totaled $327,163 and Imports totaled $2.05 million, a deficit of $1.72 million.

U.S. trade with Greenland rose to $2.37 million through February

Greenland’s trade with the United States rose to $2.37 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 39.69 percent below its total trade during the same time period last year. Greenland’s exports decreased 38.76 percent while imports fell 39.84 percent. The U.S. deficit with Greenland was $1.72 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Portland, Maine; No. 2 Chicago O’Hare International Airport; No. 3 Port of Los Angeles; No. 4 Cleveland’s Hopkins International Airport, Ohio; and No. 5 Dallas-Fort Worth International Airport, Texas. During the same period the previous year, the top five were No. 1 Port of Portland, Maine No. 2 Port of Boston No. 3 Port of Los Angeles No. 4 Cleveland’s Hopkins International Airport, Ohio and No. 5 Buffalo Peace Bridge, NY. In the current time period, the top five accounted for 89.93 percent of Greenland’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Portland, Maine fell 31.44 percent to $1.61 million.
    Exports fell 42.89 percent to $71,417. Imports fell 30.79 percent to $1.54 million.
  • Trade with No. 2 Chicago O’Hare International Airport rose 2119.51 percent to $230,918.
    There were no exports. Imports rose 2119.51 percent to $230,918.
  • Trade with No. 3 Port of Los Angeles rose 9.33 percent to $165,726.
    There were no exports. Imports rose 9.33 percent to $165,726.
  • Trade with No. 4 Cleveland’s Hopkins International Airport, Ohio fell 26.3 percent to $66,028.
    Exports fell 69.58 percent to $26,170. Imports rose 1017.72 percent to $39,858.
  • Trade with No. 5 Dallas-Fort Worth International Airport, Texas rose 1430.89 percent to $63,088.
    Exports rose 1430.89 percent to $63,088. There were no imports.

Greenland ranked No. 199 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 190.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Greenland by value through February were the categories of Sport shotguns, rifles; TV cameras, digital cameras, camcorders; Computers; Unrecorded media for audio; and Equipment, parts for exercising, respectively. They accounted for 51.54 percent of total exports to Greenland.

The value of the top five categories of U.S. imports from Greenland –– Shrimp, other crustaceans; Frozen fish; Precious stones; Value added to a returned import; and Equipment, parts for exercising –– accounted for 99.95 percent of all inbound shipments.

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

  • Sport shotguns, rifles totaled $45,513. The previous year, there were no exports in this category.
  • TV cameras, digital cameras, camcorders rose 215.56 percent compared to last year to $40,300.
  • Computers totaled $33,103. The previous year, there were no exports in this category.
  • Unrecorded media for audio totaled $27,344. The previous year, there were no exports in this category.
  • Equipment, parts for exercising totaled $22,355. The previous year, there were no exports in this category.

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

  • Shrimp, other crustaceans fell 21.42 percent compared to last year to $1.77 million.
  • Frozen fish fell 67.2 percent compared to last year to $165,726.
  • Precious stones totaled $54,000. The previous year, there were no imports in this category.
  • Value added to a returned import rose 273.62 percent compared to last year to $52,195.
  • Equipment, parts for exercising rose 110 percent compared to last year to $5,250.

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.