US trade with Greenland in the 3rd quarter of 2017

Published or Updated: Mar 27, 2018

The report on US foreign trade in goods with Greenland in the 3rd quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Greenland

In the 3rd quarter of 2017, US trade with Greenland totaled $5.2 million, up 15.31% ($0.7 million) from the 3rd quarter of 2016.

US exports to Greenland in the 3rd quarter of 2017 totaled $2.9 million, up 123.42% ($1.6 million) from the 3rd quarter of 2016.

US imports from Greenland in the 3rd quarter of 2017 were $2.2 million, down 29.33% ($0.9 million) from the 3rd quarter of 2016.

US trade balance with Greenland went from a deficit of $1.9 million in the 3rd quarter of 2016, to a surplus of $0.7 million in the 3rd quarter of 2017.

Greenland was the US 184th largest trading partner in the 3rd quarter of 2017 (up from 189th in the 3rd quarter of 2016), accounting for 0.0005% of US total trade (just as in the 3rd quarter of 2016).

Greenland was the US 183rd largest export market in the 3rd quarter of 2017 (up from 193rd in the 3rd quarter of 2016), accounting for 0.0008% of US total exports (up from 0.0004% in the 3rd quarter of 2016).

Greenland was the US 166th largest supplier in the 3rd quarter of 2017 (down from 160th in the 3rd quarter of 2016), accounting for 0.0004% of US total imports (down from 0.0007% in the 3rd quarter of 2016).

US Exports to Greenland

The major share of US exports to Greenland in the 3rd quarter of 2017 (and in the 3rd quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 83.03% of US total exports to Greenland (78.30% in the 3rd quarter of 2016);
  • Mineral products (HS codes 25-27) - 1.15% of US total exports to Greenland (0.00% in the 3rd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 0.60% of US total exports to Greenland (2.29% in the 3rd quarter of 2016);
  • Chemical products (HS codes 28-40) - 0.00% of US total exports to Greenland (1.15% in the 3rd quarter of 2016).

The largest gains in US exports to Greenland in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $784.1 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 $528.8 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $352.2 thousand;
  • Arms and ammunition; parts and accessories thereof (HS code 93) - an increase of $120.2 thousand;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $33.6 thousand;
  • Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - an increase of $11.6 thousand.

The largest declines in US exports to Greenland in the 3rd quarter of 2017 over the 3rd 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) - a decrease of $232.8 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $28.7 thousand;
  • Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - a decrease of $17.8 thousand;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - a decrease of $12.1 thousand;
  • Miscellaneous edible preparations (HS code 21) - a decrease of $11.9 thousand;
  • Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations (HS code 36) - a decrease of $9.6 thousand.
US exports to Greenland in the 3rd quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q3 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q3 2016
(USD thousand)
Change
in Q3 2017
over Q3 2016
(%)
21 Miscellaneous edible preparations 0.0 0.00 11.9-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 33.6 1.15 0.0
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 0.0 0.00 9.6-100.00
40 Rubber and articles thereof 0.0 0.00 5.4-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0.0 0.00 17.8-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 0.0 0.00 12.1-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 11.6 0.40 0.0
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 6.0 0.21 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 11.1 0.38 8.531.05
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 840.0 28.79 55.91,402.96
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 600.2 20.57 71.4740.79
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 784.9 26.91 432.781.38
88 Aircraft, spacecraft, and parts thereof 28.2 0.97 56.9-50.42
89 Ships, boats and floating structures 0.0 0.00 3.8-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 168.9 5.79 401.7-57.95
93 Arms and ammunition; parts and accessories thereof 284.3 9.75 164.173.27

US Imports from Greenland

The major share of US imports from Greenland in the 3rd quarter of 2017 (and in the 3rd quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 96.87% of US total imports from Greenland (90.97% in the 3rd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 0.00% of US total imports from Greenland (1.29% in the 3rd quarter of 2016).

The largest gains in US imports from Greenland in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • 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 $9.3 thousand.

The largest declines in US imports from Greenland in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $630.7 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - a decrease of $81.4 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $38.5 thousand.
US imports from Greenland in the 3rd quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q3 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q3 2016
(USD thousand)
Change
in Q3 2017
over Q3 2016
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 2,164.7 96.87 2,795.4-22.56
05 Products of animal origin, not elsewhere specified or included 0.0 0.00 81.4-100.00
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 9.3 0.42 0.0
73 Articles of iron or steel 4.2 0.19 0.0
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 0.0 0.00 2.4-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 0.0 0.00 38.5-100.00
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce