Norfolk Island

Norfolk Island ranked No. 196 in total trade value through June with a total of $8.14 million. Exports totaled $8.12 million and Imports totaled $24,877, a surplus of $8.09 million.

U.S. trade with Norfolk Island rose to $8.14 million through June

Norfolk Island’s trade with the United States rose to $8.14 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 171793 percent above its total trade during the same time period last year. U.S. exports to Norfolk Island increased 309919 percent while U.S. imports from Norfolk Island rose 1074 percent. The U.S. surplus with Norfolk Island was $8.09 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Seattle, Wash.; No. 2 Low-Valued Imports and Exports; No. 3 Port of Houston; No. 4 Cleveland’s Hopkins International Airport, Ohio; and No. 5 Hartsfield-Jackson Atlanta International Airport. During the same period the previous year, the top five were No. 1 Cleveland’s Hopkins International Airport, Ohio; No. 2 Los Angeles International Airport; No. 3 Low Value; No. 4 Port of Seattle, Wash. and No. 5 Low-Valued Imports and Exports. In the current time period, the top five accounted for 99.73 percent of Norfolk Island’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Seattle, Wash. totaled $7.24 million.
    Exports totaled $7.24 million. There were no imports.
  • Trade with No. 2 Low-Valued Imports and Exports totaled $728,722.
    Exports totaled $728,722. There were no imports.
  • Trade with No. 3 Port of Houston totaled $75,966.
    Exports totaled $75,966. There were no imports.
  • Trade with No. 4 Cleveland’s Hopkins International Airport, Ohio rose 2422.11 percent to $66,054.
    Exports rose 1603.44 percent to $44,613. Imports totaled $21,441.
  • Trade with No. 5 Hartsfield-Jackson Atlanta International Airport totaled $14,708.
    Exports totaled $14,708. There were no imports.

Norfolk Island ranked No. 196 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 232.

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 Norfolk Island by value through June were the categories of Precious metal ores, concentrates; Low value shipments; Beryllium, chromium, etc.; Cell phones, related equipment; and Stainless Steel in Ingots Etc & Semifin Produ 7218, respectively. They accounted for 99.72 percent of total exports to Norfolk Island.

The value of the top five categories of U.S. imports from Norfolk Island –– Medical technology; Seeds, fruits and spores, for sowing; and Estimates of low-value imports –– accounted for 100 percent of all inbound shipments.

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

  • Precious metal ores, concentrates totaled $7.24 million. The previous year, there were no exports in this category.
  • Low value shipments totaled $728,722. The previous year, there were no exports in this category.
  • Beryllium, chromium, etc. totaled $75,966. The previous year, there were no exports in this category.
  • Cell phones, related equipment totaled $40,553. The previous year, there were no exports in this category.
  • Stainless Steel in Ingots Etc & Semifin Produ 7218 totaled $14,708. The previous year, there were no exports in this category.

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

  • Medical technology totaled $21,441. The previous year, there were no imports in this category.
  • Seeds, fruits and spores, for sowing totaled $3,435. The previous year, there were no imports in this category.
  • Estimates of low-value imports fell 88.89 percent compared to last year to $1.

In the latest annual figures available, Norfolk Island recorded $93,384 in trade with the United States. Total U.S. exports to Norfolk Island were $ 12,606 and imports from Norfolk Island were $80,778. The U.S. deficit with Norfolk Island was $68,172.