US trade with Greenland in the 4th quarter of 2017

Published or Updated: Apr 19, 2018

The report on US foreign trade in goods with Greenland in the 4th quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Greenland

In the 4th quarter of 2017, US trade with Greenland totaled $6.8 million, up 262.79% ($4.9 million) from the 4th quarter of 2016.

US exports to Greenland in the 4th quarter of 2017 were $0.9 million, down 34.12% ($0.5 million) from the 4th quarter of 2016.

US imports from Greenland in the 4th quarter of 2017 totaled $5.8 million, up 1,232.97% ($5.4 million) from the 4th quarter of 2016.

US trade balance with Greenland went from a surplus of $1.0 million in the 4th quarter of 2016, to a deficit of $4.9 million in the 4th quarter of 2017.

Greenland was the US 184th largest trading partner in the 4th quarter of 2017 (up from 200th in the 4th quarter of 2016), accounting for 0.0007% of US total trade (up from 0.0002% in the 4th quarter of 2016).

Greenland was the US 198th largest export market in the 4th quarter of 2017 (down from 192nd in the 4th quarter of 2016), accounting for 0.0002% of US total exports (down from 0.0004% in the 4th quarter of 2016).

Greenland was the US 155th largest supplier in the 4th quarter of 2017 (up from 190th in the 4th quarter of 2016), accounting for 0.0009% of US total imports (up from 0.0001% in the 4th quarter of 2016).

US Exports to Greenland

The major share of US exports to Greenland in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 35.87% of US total exports to Greenland (60.67% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 4.76% of US total exports to Greenland (1.37% in the 4th quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.12% of US total exports to Greenland (1.12% in the 4th quarter of 2016);
  • Mineral products (HS codes 25-27) - 0.00% of US total exports to Greenland (2.00% in the 4th quarter of 2016).

The largest gains in US exports to Greenland in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Arms and ammunition; parts and accessories thereof (HS code 93) - an increase of $182.6 thousand;
  • Rubber and articles thereof (HS code 40) - an increase of $28.0 thousand;
  • Headgear and parts thereof (HS code 65) - an increase of $10.5 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $10.1 thousand;
  • Miscellaneous edible preparations (HS code 21) - an increase of $3.0 thousand.

The largest declines in US exports to Greenland in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $429.3 thousand;
  • Commodities not specified according to kind (HS code 99) - a decrease of $105.2 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $49.3 thousand;
  • Ships, boats and floating structures (HS code 89) - a decrease of $34.0 thousand;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $28.7 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) - a decrease of $21.8 thousand;
  • Clocks and watches and parts thereof (HS code 91) - a decrease of $18.6 thousand;
  • Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - a decrease of $10.1 thousand;
  • 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 $8.5 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $6.0 thousand;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - a decrease of $5.9 thousand.
US exports to Greenland in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q4 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q4 2016
(USD thousand)
Change
in Q4 2017
over Q4 2016
(%)
21 Miscellaneous edible preparations 3.0 0.32 0.0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 0.0 0.00 28.7-100.00
39 Plastics and articles thereof 0.0 0.00 2.7-100.00
40 Rubber and articles thereof 44.9 4.76 16.9165.62
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.0 0.00 5.9-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 0.0 0.00 10.1-100.00
65 Headgear and parts thereof 10.5 1.12 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 12.2 1.30 18.3-33.04
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 54.1 5.74 75.9-28.69
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 177.9 18.87 607.2-70.70
88 Aircraft, spacecraft, and parts thereof 38.3 4.06 87.6-56.29
89 Ships, boats and floating structures 0.0 0.00 34.0-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 55.8 5.91 45.722.08
91 Clocks and watches and parts thereof 9.5 1.01 28.1-66.22
93 Arms and ammunition; parts and accessories thereof 484.1 51.33 301.560.58
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 8.5-100.00
95 Toys, games and sports requisites; parts and accessories thereof 0.0 0.00 2.6-100.00
99 Commodities not specified according to kind 52.8 5.60 158.0-66.56

US Imports from Greenland

The major share of US imports from Greenland in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 36.05% of US total imports from Greenland (88.49% in the 4th quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 0.18% of US total imports from Greenland (1.76% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 0.00% of US total imports from Greenland (1.20% in the 4th quarter of 2016).

The largest gains in US imports from Greenland in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Commodities not specified according to kind (HS code 99) - an increase of $3,679.3 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $1,717.6 thousand.

The largest declines in US imports from Greenland in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • No product groups with a substantial decrease.
US imports from Greenland in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q4 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q4 2016
(USD thousand)
Change
in Q4 2017
over Q4 2016
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 2,105.4 36.05 387.7442.98
40 Rubber and articles thereof 0.0 0.00 5.3-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 4.1 0.07 0.0
51 Wool, fine or coarse animal hair; horsehair yarn and woven fabric 1.1 0.02 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 10.6 0.18 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 0.0 0.00 7.7-100.00
97 Works of art, collectors’ pieces and antiques 2.7 0.05 0.0
99 Commodities not specified according to kind 3,716.7 63.64 37.59,820.30
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce