Greenland

Greenland ranked No. 188 in total trade value through June with a total of $13.74 million. Exports totaled $4.45 million and Imports totaled $9.29 million, a deficit of $4.84 million.

U.S. trade with Greenland rose to $13.74 million through June

Greenland’s trade with the United States rose to $13.74 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 32.12 percent below its total trade during the same time period last year. U.S. exports to Greenland decreased 53.02 percent while U.S. imports from Greenland fell 13.72 percent. The U.S. deficit with Greenland was $4.84 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Portland, Maine; No. 2 Port Miami; No. 3 Port of Savannah, Ga.; No. 4 Port of Newark; and No. 5 Port of Virginia. During the same period the previous year, the top five were No. 1 Port of Portland, Maine; No. 2 Dulles International Airport, Washington D.C., Va.; No. 3 Port of Los Angeles; No. 4 John F. Kennedy International Airport and No. 5 Port of Newark. In the current time period, the top five accounted for 86.3 percent of Greenland’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Portland, Maine fell 16.44 percent to $4.92 million.
    Exports fell 48.56 percent to $249,581. Imports fell 13.56 percent to $4.67 million.
  • Trade with No. 2 Port Miami rose 271.65 percent to $3.4 million.
    Exports totaled $3.4 million. There were no imports.
  • Trade with No. 3 Port of Savannah, Ga. rose 229.14 percent to $1.77 million.
    There were no exports. Imports rose 233.95 percent to $1.77 million.
  • Trade with No. 4 Port of Newark fell 2.49 percent to $1.3 million.
    Exports rose 787.03 percent to $62,092. Imports fell 6.64 percent to $1.24 million.
  • Trade with No. 5 Port of Virginia totaled $462,560.
    There were no exports. Imports totaled $462,560.

Greenland ranked No. 188 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 185.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Greenland by value through June were the categories of Rum, gin, vodka, other liquors; Low value shipments; Civilian aircraft, parts; Bombs, grenades, cartridges, parts; and Passenger vehicles, respectively. They accounted for 89.54 percent of total exports to Greenland.

The value of the top five categories of U.S. imports from Greenland –– Shrimp, other crustaceans; Frozen fish; Returned exports, without change; Fish fillets, chilled or frozen; and Precious stones –– accounted for 99.78 percent of all inbound shipments.

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

  • Rum, gin, vodka, other liquors totaled $3.4 million. The previous year, there were no exports in this category.
  • Low value shipments fell 50.88 percent compared to last year to $266,958.
  • Civilian aircraft, parts fell 67.59 percent compared to last year to $108,274.
  • Bombs, grenades, cartridges, parts fell 23.98 percent compared to last year to $104,755.
  • Passenger vehicles rose 73.78 percent compared to last year to $103,128.

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

  • Shrimp, other crustaceans fell 8.18 percent compared to last year to $8.8 million.
  • Frozen fish fell 48.72 percent compared to last year to $300,899.
  • Returned exports, without change rose 26.65 percent compared to last year to $140,207.
  • Fish fillets, chilled or frozen fell 89.81 percent compared to last year to $19,164.
  • Precious stones fell 93.46 percent compared to last year to $14,812.

In the latest annual figures available, Greenland recorded $45.74 million in trade with the United States. Total U.S. exports to Greenland were $ 18.56 million and imports from Greenland were $27.18 million. The U.S. deficit with Greenland was $8.62 million.