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Svalbard, Jan Mayen Island

Svalbard, Jan Mayen Island ranked No. 216 in total trade value through August with a total of $3.35 million. Exports totaled $3.28 million and Imports totaled $70,482, a surplus of $3.21 million.

U.S. trade with Svalbard, Jan Mayen Island rose to $3.35 million through August

Svalbard, Jan Mayen Island’s trade with the United States rose to $3.35 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 34.46 percent above its total trade during the same time period last year. U.S. exports to Svalbard, Jan Mayen Island increased 44.23 percent while U.S. imports from Svalbard, Jan Mayen Island fell 67.61 percent. The U.S. surplus with Svalbard, Jan Mayen Island was $3.21 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Portland, Maine; No. 3 Cleveland’s Hopkins International Airport, Ohio; No. 4 Port of New Orleans; and No. 5 Low-Valued Imports and Exports. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Dulles International Airport, Washington D.C., Va. No. 3 Los Angeles International Airport No. 4 San Francisco International Airport, Calif. and No. 5 Low-Valued Imports and Exports. In the current time period, the top five accounted for 92.38 percent of Svalbard, Jan Mayen Island’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 159.73 percent to $2.33 million.
    Exports rose 160.62 percent to $2.33 million. There were no imports.
  • Trade with No. 2 Port of Portland, Maine totaled $525,820.
    Exports totaled $525,820. There were no imports.
  • Trade with No. 3 Cleveland’s Hopkins International Airport, Ohio rose 296.99 percent to $83,055.
    Exports rose 453.7 percent to $83,055. There were no imports.
  • Trade with No. 4 Port of New Orleans totaled $80,300.
    Exports totaled $80,300. There were no imports.
  • Trade with No. 5 Low-Valued Imports and Exports rose 38.05 percent to $79,079.
    Exports rose 38.05 percent to $79,079. There were no imports.

Svalbard, Jan Mayen Island ranked No. 216 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 $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Svalbard, Jan Mayen Island by value through August were the categories of Cell phones, related equipment; Computers; Prefabricated buildings; Miscellaneous electrical machinery; and Civilian aircraft, parts, respectively. They accounted for 90.91 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; Aircraft engines, engine parts; and Salvage –– accounted for 100 percent of all inbound shipments.

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

  • Cell phones, related equipment rose 95.34 percent compared to last year to $1.51 million.
  • Computers rose 123.02 percent compared to last year to $763,814.
  • Prefabricated buildings totaled $525,820. The previous year, there were no exports in this category.
  • Miscellaneous electrical machinery fell 84.64 percent compared to last year to $103,113.
  • Civilian aircraft, parts rose 499.09 percent compared to last year to $79,230.

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

  • Value added to a returned import fell 83.41 percent compared to last year to $27,359.
  • Aircraft engines, engine parts totaled $23,164. The previous year, there were no imports in this category.
  • Salvage rose 2672.08 percent compared to last year to $19,959.

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.