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Greenland

Greenland ranked No. 186 in total trade value through August with a total of $28.13 million. Exports totaled $11.03 million and Imports totaled $17.1 million, a deficit of $6.06 million.

January – August 2019

Top Trading Ports

Total Trade: $28.13 million

RankPortTotal YTD
1Port of Portland, Maine $7,701,451
2Dulles International Airport, Washington D.C., Va. $5,302,893
3Port of Los Angeles $2,801,453
4Port of Hartford, Conn. $2,301,448
5John F. Kennedy International Airport $1,590,268
6Port of Newark $1,585,298
7Port of Savannah, Ga. $1,162,942
8Los Angeles International Airport $1,063,122
9Chicago O’Hare International Airport $946,963
10Port Miami $916,022

U.S. trade with Greenland rose to $28.13 million through August

Greenland’s trade with the United States rose to $28.13 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 69.99 percent above its total trade during the same time period last year. U.S. exports to Greenland increased 181.92 percent while U.S. imports from Greenland rose 35.32 percent. The U.S. deficit with Greenland was $6.06 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Portland, Maine; No. 2 Dulles International Airport, Washington D.C., Va.; No. 3 Port of Los Angeles; No. 4 Port of Hartford, Conn.; and No. 5 John F. Kennedy International Airport. During the same period the previous year, the top five were No. 1 Port of Portland, Maine No. 2 Port of Los Angeles No. 3 Port of Virginia No. 4 Port of Calais, Maine and No. 5 Port of Boston. In the current time period, the top five accounted for 70.02 percent of Greenland’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Portland, Maine fell 10.82 percent to $7.7 million.
    Exports rose 18.16 percent to $905,068. Imports fell 13.64 percent to $6.8 million.
  • Trade with No. 2 Dulles International Airport, Washington D.C., Va. rose 38116 percent to $5.3 million.
    Exports rose 38116 percent to $5.3 million. There were no imports.
  • Trade with No. 3 Port of Los Angeles rose 63.28 percent to $2.8 million.
    Exports totaled $264,000. Imports rose 47.89 percent to $2.54 million.
  • Trade with No. 4 Port of Hartford, Conn. totaled $2.3 million.
    There were no exports. Imports totaled $2.3 million.
  • Trade with No. 5 John F. Kennedy International Airport rose 2817.01 percent to $1.59 million.
    Exports rose 2813.49 percent to $1.45 million. Imports rose 2853.26 percent to $142,731.

Greenland ranked No. 186 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 192.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Greenland by value through August were the categories of Defense-related aircraft, parts; Meteorological, hydraulic and survey equipment; Medical equipment for physicals; Low value shipments; and Laser-based medical equipment, parts, respectively. They accounted for 74.9 percent of total exports to Greenland.

The value of the top five categories of U.S. imports from Greenland –– Shrimp, other crustaceans; Value added to a returned import; Prepared, preserved shrimp, lobster, etc.; Frozen fish; and Fish fillets, chilled or frozen –– accounted for 98.09 percent of all inbound shipments.

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

  • Defense-related aircraft, parts rose 1762.63 percent compared to last year to $5.65 million.
  • Meteorological, hydraulic and survey equipment fell 39.82 percent compared to last year to $718,350.
  • Medical equipment for physicals rose 432.75 percent compared to last year to $700,000.
  • Low value shipments rose 159.53 percent compared to last year to $614,564.
  • Laser-based medical equipment, parts rose 569.91 percent compared to last year to $576,817.

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

  • Shrimp, other crustaceans rose 24.34 percent compared to last year to $12.19 million.
  • Value added to a returned import rose 5860.35 percent compared to last year to $2.41 million.
  • Prepared, preserved shrimp, lobster, etc. totaled $1.22 million. The previous year, there were no imports in this category.
  • Frozen fish fell 55.86 percent compared to last year to $713,112.
  • Fish fillets, chilled or frozen fell 74.79 percent compared to last year to $231,694.

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.