US trade with Greenland in the 1st quarter of 2017

Published or Updated: Aug 04, 2017

The report on US foreign trade in goods with Greenland in the 1st quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Greenland

In the 1st quarter of 2017, US trade with Greenland totaled $6.0 million, up 317.84% ($4.5 million) from the 1st quarter of 2016.

US exports to Greenland in the 1st quarter of 2017 totaled $4.6 million, up 753.40% ($4.0 million) from the 1st quarter of 2016.

US imports from Greenland in the 1st quarter of 2017 totaled $1.4 million, up 58.74% ($0.5 million) from the 1st quarter of 2016.

US trade balance with Greenland went from a deficit of $0.4 million in the 1st quarter of 2016, to a surplus of $3.1 million in the 1st quarter of 2017.

Greenland was the US 185th largest trading partner in the 1st quarter of 2017 (up from 205th in the 1st quarter of 2016), accounting for 0.0006% of US total trade (up from 0.0002% in the 1st quarter of 2016).

Greenland was the US 179th largest export market in the 1st quarter of 2017 (up from 201st in the 1st quarter of 2016), accounting for 0.0012% of US total exports (up from 0.0002% in the 1st quarter of 2016).

Greenland was the US 175th largest supplier in the 1st quarter of 2017 (up from 187th in the 1st quarter of 2016), accounting for 0.0003% of US total imports (up from 0.0002% in the 1st quarter of 2016).

US Exports to Greenland

The major share of US exports to Greenland in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 91.08% of US total exports to Greenland (60.61% in the 1st quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 0.74% of US total exports to Greenland (3.64% in the 1st quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 0.00% of US total exports to Greenland (4.44% in the 1st quarter of 2016).
  • Food products and agricultural raw materials (HS codes 01-24) - 0.00% of US total exports to Greenland (2.72% in the 1st quarter of 2016).

The largest gains in US exports to Greenland in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $2,454.3 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $1,020.6 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $274.3 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $39.5 thousand;
  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $33.5 thousand;
  • Aluminum and articles thereof (HS code 76) - an increase of $16.5 thousand;
  • Glass and glassware (HS code 70) - an increase of $15.3 thousand.

The largest declines in US exports to Greenland in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Arms and ammunition; parts and accessories thereof (HS code 93) - a decrease of $36.8 thousand;
  • Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - a decrease of $23.7 thousand;
  • Miscellaneous edible preparations (HS code 21) - a decrease of $14.5 thousand.
US exports to Greenland in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q1 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
21 Miscellaneous edible preparations 0.0 0.00 14.5-100.00
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 0.0 0.00 2.8-100.00
39 Plastics and articles thereof 10.5 0.23 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 5.5 0.12 0.0
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0.0 0.00 2.8-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0.0 0.00 23.7-100.00
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 0.0 0.00 9.6-100.00
70 Glass and glassware 15.3 0.34 0.0
73 Articles of iron or steel 17.2 0.38 7.5127.38
76 Aluminum and articles thereof 16.5 0.36 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0.0 0.00 11.8-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 321.2 7.06 46.9585.29
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 124.7 2.74 91.336.66
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 99.1 2.18 59.666.35
88 Aircraft, spacecraft, and parts thereof 2,547.0 55.96 92.72,647.08
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 1,053.5 23.15 32.93,106.64
91 Clocks and watches and parts thereof 4.1 0.09 0.0
93 Arms and ammunition; parts and accessories thereof 59.3 1.30 96.0-38.30
96 Miscellaneous manufactured articles 0.0 0.00 3.8-100.00

US Imports from Greenland

The major share of US imports from Greenland in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 97.83% of US total imports from Greenland (97.70% in the 1st quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 1.20% of US total imports from Greenland (0.49% in the 1st quarter of 2016).

The largest gains in US imports from Greenland in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $516.4 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $11.6 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $5.5 thousand.

The largest declines in US imports from Greenland in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $4.4 thousand.
US imports from Greenland in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q1 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 1,392.4 97.83 876.058.95
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 0.0 0.00 4.4-100.00
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 11.6 0.81 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 5.5 0.38 0.0
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce