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Svalbard, Jan Mayen Island

Svalbard, Jan Mayen Island ranked No. 223 in total trade value through February with a total of $121,489. Exports totaled $98,325 and Imports totaled $23,164, a surplus of $75,161.

U.S. trade with Svalbard, Jan Mayen Island rose to $121,489 through February

Svalbard, Jan Mayen Island’s trade with the United States rose to $121,489 through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 44.57 percent below its total trade during the same time period last year. Svalbard, Jan Mayen Island’s exports increased 624.2 percent while imports fell 88.73 percent. The U.S. surplus with Svalbard, Jan Mayen Island was $75,161.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 San Francisco International Airport, Calif.; No. 3 Los Angeles International Airport; No. 4 Port of Newark; and No. 5 Low-Valued Imports and Exports. During the same period the previous year, the top five were No. 1 San Francisco International Airport, Calif. No. 2 Anchorage International Airport, Alaska No. 3 Los Angeles International Airport No. 4 John F. Kennedy International Airport and No. 5 Low-Valued Imports and Exports. In the current time period, the top five accounted for 100 percent of Svalbard, Jan Mayen Island’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 1605.24 percent to $52,027.
    Exports totaled $52,027. There were no imports.
  • Trade with No. 2 San Francisco International Airport, Calif. fell 76.12 percent to $39,375.
    Exports totaled $39,375. There were no imports.
  • Trade with No. 3 Los Angeles International Airport rose 75.15 percent to $23,164.
    There were no exports. Imports totaled $23,164.
  • Trade with No. 4 Port of Newark totaled $5,031.
    Exports totaled $5,031. There were no imports.
  • Trade with No. 5 Low-Valued Imports and Exports rose 437.5 percent to $1,892.
    Exports rose 437.5 percent to $1,892. There were no imports.

Svalbard, Jan Mayen Island ranked No. 223 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 221.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Svalbard, Jan Mayen Island by value through February were the categories of Civilian aircraft, parts; Value added to a returned import; Computers; Motor vehicles for transporting people; and Low value shipments, respectively. They accounted for 100 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 –– –– accounted for 0 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 210.98 percent compared to last year to $41,127.
  • Value added to a returned import totaled $39,375. The previous year, there were no exports in this category.
  • Computers totaled $10,900. The previous year, there were no exports in this category.
  • Motor vehicles for transporting people totaled $5,031. The previous year, there were no exports in this category.
  • Low value shipments rose 437.5 percent compared to last year to $1,892.

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

  • Aircraft engines, engine parts totaled $23,164. The previous year, there were no imports in this category.

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.