Svalbard, Jan Mayen Island

Svalbard, Jan Mayen Island ranked No. 226 in total trade value through May with a total of $393,919. Exports totaled $388,001 and Imports totaled $5,918, a surplus of $382,083.

U.S. trade with Svalbard, Jan Mayen Island rose to $392,883 through May

Svalbard, Jan Mayen Island’s trade with the United States rose to $392,883 through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 45.08 percent below its total trade during the same time period last year. U.S. exports to Svalbard, Jan Mayen Island decreased 40.08 percent while U.S. imports from Svalbard, Jan Mayen Island fell 92.8 percent. The U.S. surplus with Svalbard, Jan Mayen Island was $383,119.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Dulles International Airport, Washington D.C., Va.; No. 2 Port of Palm Beach, Fla.; No. 3 Low-Valued Imports and Exports; No. 4 Miami Int’l Airport; and No. 5 Los Angeles International Airport. During the same period the previous year, the top five were No. 1 Port of Portland, Maine; No. 2 John F. Kennedy International Airport; No. 3 Dulles International Airport, Washington D.C., Va.; No. 4 Los Angeles International Airport and No. 5 San Francisco International Airport, Calif.. In the current time period, the top five accounted for 98.5 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. rose 463.43 percent to $339,775.
    Exports rose 463.43 percent to $339,775. There were no imports.
  • Trade with No. 2 Port of Palm Beach, Fla. rose 103.35 percent to $26,326.
    Exports rose 103.35 percent to $26,326. There were no imports.
  • Trade with No. 3 Low-Valued Imports and Exports fell 43.04 percent to $9,455.
    Exports fell 43.04 percent to $9,455. There were no imports.
  • Trade with No. 4 Miami Int’l Airport rose 189.58 percent to $7,445.
    Exports rose 189.58 percent to $7,445. There were no imports.
  • Trade with No. 5 Los Angeles International Airport fell 90.1 percent to $5,000.
    Exports totaled $5,000. There were no imports.

Svalbard, Jan Mayen 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. 216.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Svalbard, Jan Mayen Island by value through May were the categories of Cell phones, related equipment; Shrimp, other crustaceans; Fish fillets, chilled or frozen; Low value shipments; and Electrical supplies, apparatus, less than 1000V, respectively. They accounted for 97.63 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 –– Computers; and Estimates of low-value imports –– accounted for 100 percent of all inbound shipments.

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

  • Cell phones, related equipment totaled $335,575. The previous year, there were no exports in this category.
  • Shrimp, other crustaceans rose 229.67 percent compared to last year to $13,846.
  • Fish fillets, chilled or frozen totaled $12,480. The previous year, there were no exports in this category.
  • Low value shipments fell 43.04 percent compared to last year to $9,455.
  • Electrical supplies, apparatus, less than 1000V totaled $7,445. The previous year, there were no exports in this category.

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

  • Computers totaled $4,847. The previous year, there were no imports in this category.
  • Estimates of low-value imports fell 94.45 percent compared to last year to $1,071.

In the latest annual figures available, Svalbard, Jan Mayen Island recorded $4.27 million in trade with the United States. Total U.S. exports to Svalbard, Jan Mayen Island were $ 4.19 million and imports from Svalbard, Jan Mayen Island were $84,072. The U.S. surplus with Svalbard, Jan Mayen Island was $4.11 million.