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Svalbard, Jan Mayen Island

Svalbard, Jan Mayen Island ranked No. 217 in total trade value through October with a total of $3.68 million. Exports totaled $3.46 million and Imports totaled $222,127, a surplus of $3.24 million.

U.S. trade with Svalbard, Jan Mayen Island rose to $3.68 million through October

Svalbard, Jan Mayen Island’s trade with the United States rose to $3.68 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 91.98 percent above its total trade during the same time period last year. Svalbard, Jan Mayen Island’s exports increased 81.73 percent while imports rose 1470.91 percent. The U.S. surplus with Svalbard, Jan Mayen Island was $3.24 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Dulles International Airport, Washington D.C., Va.; No. 2 John F. Kennedy International Airport; No. 3 Hartsfield-Jackson Atlanta International Airport; No. 4 Los Angeles International Airport; and No. 5 San Francisco International Airport, Calif.. During the same period the previous year, the top five were No. 1 Port of Los Angeles No. 2 Port of New York No. 3 John F. Kennedy International Airport No. 4 Los Angeles International Airport and No. 5 Low-Valued Imports and Exports. In the current time period, the top five accounted for 91.94 percent of Svalbard, Jan Mayen Island’s U.S. trade.

Among those top five:

  • Trade with No. 1 Dulles International Airport, Washington D.C., Va. totaled $1.09 million.
    Exports totaled $1.09 million. There were no imports.
  • Trade with No. 2 John F. Kennedy International Airport rose 1058.33 percent to $896,027.
    Exports rose 1054.39 percent to $892,976. Imports totaled $3,051.
  • Trade with No. 3 Hartsfield-Jackson Atlanta International Airport totaled $822,875.
    Exports totaled $822,875. There were no imports.
  • Trade with No. 4 Los Angeles International Airport rose 491.24 percent to $406,166.
    Exports rose 489.72 percent to $405,118. Imports totaled $1,048.
  • Trade with No. 5 San Francisco International Airport, Calif. totaled $164,888.
    There were no exports. Imports totaled $164,888.

Svalbard, Jan Mayen Island ranked No. 217 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 220.

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 Svalbard, Jan Mayen Island by value through October were the categories of Parts for cellular communications; Miscellaneous electrical machinery; Cell phones, related equipment; Computers; and Low value shipments, respectively. They accounted for 94.93 percent of total exports to Svalbard, Jan Mayen Island.

The value of the top five categories of U.S. imports from Svalbard, Jan Mayen Island –– Value added to a returned import; Printed circuits; Pumps for dispensing liquids; Salvage; and Motor vehicle parts –– accounted for 98.15 percent of all inbound shipments.

Looking more closely at U.S. exports to Svalbard, Jan Mayen Island:

  • Parts for cellular communications fell 21.22 percent compared to last year to $1.2 million.
  • Miscellaneous electrical machinery totaled $872,495. The previous year, there were no exports in this category.
  • Cell phones, related equipment totaled $776,429. The previous year, there were no exports in this category.
  • Computers totaled $342,494. The previous year, there were no exports in this category.
  • Low value shipments rose 78.72 percent compared to last year to $87,866.

Looking more closely at U.S. imports from Svalbard, Jan Mayen Island:

  • Value added to a returned import totaled $164,888. The previous year, there were no imports in this category.
  • Printed circuits totaled $37,665. The previous year, there were no imports in this category.
  • Pumps for dispensing liquids totaled $5,921. The previous year, there were no imports in this category.
  • Salvage rose 944.31 percent compared to last year to $5,232.
  • Motor vehicle parts fell 68.31 percent compared to last year to $4,322.

In the latest annual figures available, Svalbard, Jan Mayen Island recorded $2.01 million in trade with the United States. At year’s end, its were Los Angeles; New York City; Cleveland; Low Value Shipments; and Miami. Total U.S. exports to Svalbard, Jan Mayen Island were $ 1.99 million and imports from Svalbard, Jan Mayen Island were $21,812. The U.S. surplus with Svalbard, Jan Mayen Island was $1.96 million.