US trade with Greenland in the 2nd quarter of 2017

Published or Updated: Aug 29, 2017

The report on US foreign trade in goods with Greenland in the 2nd quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Greenland

In the 2nd quarter of 2017, US trade with Greenland totaled $5.2 million, up 125.21% ($2.9 million) from the 2nd quarter of 2016.

US exports to Greenland in the 2nd quarter of 2017 totaled $1.5 million, up 88.34% ($0.7 million) from the 2nd quarter of 2016.

US imports from Greenland in the 2nd quarter of 2017 totaled $3.7 million, up 144.27% ($2.2 million) from the 2nd quarter of 2016.

US trade deficit with Greenland in the 2nd quarter of 2017 was $2.2 million, a 204.11% increase ($1.5 million) over the 2nd quarter of 2016.

Greenland was the US 186th largest trading partner in the 2nd quarter of 2017 (up from 197th in the 2nd quarter of 2016), accounting for 0.0005% of US total trade (up from 0.0002% in the 2nd quarter of 2016).

Greenland was the US 193rd largest export market in the 2nd quarter of 2017 (up from 195th in the 2nd quarter of 2016), accounting for 0.0004% of US total exports (up from 0.0002% in the 2nd quarter of 2016).

Greenland was the US 164th largest supplier in the 2nd quarter of 2017 (up from 172nd in the 2nd quarter of 2016), accounting for 0.0006% of US total imports (up from 0.0003% in the 2nd quarter of 2016).

US Exports to Greenland

The major share of US exports to Greenland in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 77.61% of US total exports to Greenland (60.02% in the 2nd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 8.39% of US total exports to Greenland (7.48% in the 2nd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 0.30% of US total exports to Greenland (2.41% in the 2nd quarter of 2016).

The largest gains in US exports to Greenland in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $559.1 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $151.8 thousand;
  • Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal (HS code 82) - an increase of $123.5 thousand;
  • Arms and ammunition; parts and accessories thereof (HS code 93) - an increase of $61.0 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 $30.2 thousand;
  • Miscellaneous edible preparations (HS code 21) - an increase of $11.3 thousand;
  • Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds (HS code 86) - an increase of $4.5 thousand;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - an increase of $4.4 thousand.

The largest declines in US exports to Greenland in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings (HS code 94) - a decrease of $87.1 thousand;
  • Ships, boats and floating structures (HS code 89) - a decrease of $47.7 thousand;
  • Articles of iron or steel (HS code 73) - a decrease of $39.2 thousand;
  • Copper and articles thereof (HS code 74) - a decrease of $19.3 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $18.7 thousand;
  • Clocks and watches and parts thereof (HS code 91) - a decrease of $13.8 thousand;
  • Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - a decrease of $13.7 thousand;
  • Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) (HS code 42) - a decrease of $5.6 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $5.4 thousand;
  • Headgear and parts thereof (HS code 65) - a decrease of $5.2 thousand.
US exports to Greenland in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q2 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q2 2016
(USD thousand)
Change
in Q2 2017
over Q2 2016
(%)
21 Miscellaneous edible preparations 11.3 0.77 0.0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 2.8 0.19 0.0
39 Plastics and articles thereof 3.6 0.25 2.925.69
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 0.0 0.00 5.6-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0.0 0.00 13.7-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 4.4 0.30 0.0
65 Headgear and parts thereof 0.0 0.00 5.2-100.00
73 Articles of iron or steel 0.0 0.00 39.2-100.00
74 Copper and articles thereof 0.0 0.00 19.3-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 123.5 8.39 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 100.7 6.84 119.4-15.64
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 108.7 7.38 78.538.44
86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds 4.5 0.31 0.0
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 106.3 7.22 111.7-4.87
88 Aircraft, spacecraft, and parts thereof 154.6 10.50 2.85,499.06
89 Ships, boats and floating structures 19.8 1.34 67.5-70.73
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 648.6 44.04 89.5624.62
91 Clocks and watches and parts thereof 0.0 0.00 13.8-100.00
92 Musical instruments; parts and accessories of such articles 3.2 0.22 0.0
93 Arms and ammunition; parts and accessories thereof 119.6 8.12 58.6104.04
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 0.0 0.00 87.1-100.00

US Imports from Greenland

The major share of US imports from Greenland in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 97.16% of US total imports from Greenland (77.71% in the 2nd quarter of 2016);
  • Precious metals and stones (HS code 71) - 1.20% of US total imports from Greenland (0.00% in the 2nd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 0.00% of US total imports from Greenland (2.71% in the 2nd quarter of 2016).

The largest gains in US imports from Greenland in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $2,167.1 thousand;
  • Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - an increase of $247.6 thousand;
  • Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin (HS code 71) - an increase of $44.5 thousand;
  • Articles of iron or steel (HS code 73) - an increase of $29.3 thousand.

The largest declines in US imports from Greenland in the 2nd quarter of 2017 over the 2nd 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 $31.9 thousand.
US imports from Greenland in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q2 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q2 2016
(USD thousand)
Change
in Q2 2017
over Q2 2016
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 3,342.7 90.46 1,175.6184.34
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 247.6 6.70 0.0
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 44.5 1.20 0.0
73 Articles of iron or steel 29.3 0.79 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 0.0 0.00 31.9-100.00
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 0.0 0.00 9.1-100.00
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce