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Norfolk Island

Norfolk Island ranked No. 226 in total trade value through October with a total of $887,008. Exports totaled $193,706 and Imports totaled $693,302, a deficit of $499,596.

U.S. trade with Norfolk Island rose to $887,008 through October

Norfolk Island’s trade with the United States rose to $887,008 through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 976.86 percent above its total trade during the same time period last year. Norfolk Island’s exports increased 250.69 percent while imports rose 2455.1 percent. The U.S. deficit with Norfolk Island was $499,596.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Oakland, Calif.; No. 2 Port of Virginia; No. 3 Chicago O’Hare International Airport; No. 4 Port Miami; and No. 5 Low-Valued Imports and Exports. During the same period the previous year, the top five were No. 1 Port of New York No. 2 Port of Richmond-Petersburg, Va. No. 3 International Port of Memphis, Tenn. No. 4 Low-Valued Imports and Exports and No. 5 Cleveland’s Hopkins International Airport, Ohio. In the current time period, the top five accounted for 99.05 percent of Norfolk Island’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Oakland, Calif. totaled $691,355.
    There were no exports. Imports totaled $691,355.
  • Trade with No. 2 Port of Virginia totaled $100,910.
    Exports totaled $100,910. There were no imports.
  • Trade with No. 3 Chicago O’Hare International Airport totaled $44,456.
    Exports totaled $44,456. There were no imports.
  • Trade with No. 4 Port Miami totaled $24,761.
    Exports totaled $24,761. There were no imports.
  • Trade with No. 5 Low-Valued Imports and Exports rose 244.68 percent to $17,089.
    Exports rose 244.68 percent to $17,089. There were no imports.

Norfolk Island ranked No. 226 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 233.

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 Norfolk Island by value through October were the categories of Video game consoles; Nickel bars, rods, wire; Diapers, tampons, sanitary napkins; Low value shipments; and Amplifiers, speakers, microphones, respectively. They accounted for 95.06 percent of total exports to Norfolk Island.

The value of the top five categories of U.S. imports from Norfolk Island –– Iron and steel containers, less than 300l capacity; Metal lids, stoppers; Hardware for fixtures; and Salvage –– accounted for 100 percent of all inbound shipments.

Looking more closely at U.S. exports to Norfolk Island:

  • Video game consoles totaled $93,266. The previous year, there were no exports in this category.
  • Nickel bars, rods, wire totaled $44,456. The previous year, there were no exports in this category.
  • Diapers, tampons, sanitary napkins totaled $21,682. The previous year, there were no exports in this category.
  • Low value shipments rose 244.68 percent compared to last year to $17,089.
  • Amplifiers, speakers, microphones totaled $7,644. The previous year, there were no exports in this category.

Looking more closely at U.S. imports from Norfolk Island:

  • Iron and steel containers, less than 300l capacity totaled $612,939. The previous year, there were no imports in this category.
  • Metal lids, stoppers totaled $69,016. The previous year, there were no imports in this category.
  • Hardware for fixtures totaled $9,400. The previous year, there were no imports in this category.
  • Salvage fell 8.76 percent compared to last year to $1,947.

In the latest annual figures available, Norfolk Island recorded $421,849 in trade with the United States. At year’s end, its were San Francisco; New York City; Houston; Norfolk; and Los Angeles. Total U.S. exports to Norfolk Island were $ 138,341 and imports from Norfolk Island were $283,508. The U.S. deficit with Norfolk Island was $145,167.