US trade with Greenland in the first nine months of 2017
The report on US foreign trade in goods with Greenland in the first nine months of 2017: exports, imports, balance, product types and groups, dynamics.
US Trade with Greenland
In the first nine months of 2017, US trade with Greenland totaled $16.3 million, up 98.89% ($8.1 million) from the first nine months of 2016.
US exports to Greenland in the first nine months of 2017 totaled $8.9 million, up 241.15% ($6.3 million) from the first nine months of 2016.
US imports from Greenland in the first nine months of 2017 totaled $7.4 million, up 31.98% ($1.8 million) from the first nine months of 2016.
US trade balance with Greenland went from a deficit of $3.0 million in the first nine months of 2016, to a surplus of $1.6 million in the first nine months of 2017.
Greenland was the US 183rd largest trading partner in the first nine months of 2017 (up from 195th in the first nine months of 2016), accounting for 0.0006% of US total trade (up from 0.0003% in the first nine months of 2016).
Greenland was the US 184th largest export market in the first nine months of 2017 (up from 198th in the first nine months of 2016), accounting for 0.0008% of US total exports (up from 0.0002% in the first nine months of 2016).
Greenland was the US 168th largest supplier in the first nine months of 2017 (up from 171st in the first nine months of 2016), accounting for 0.0004% of US total imports (just as in the first nine months of 2016).
US Exports to Greenland
The major share of US exports to Greenland in the first nine months of 2017 (and in the first nine months of 2016) was accounted for the following product types:
- Machinery, equipment and vehicles (HS codes 84-90) - 86.23% of US total exports to Greenland (69.24% in the first nine months of 2016);
- Metals and products from them (HS codes 72-83) - 1.88% of US total exports to Greenland (3.30% in the first nine months of 2016);
- Textiles, textile products and footwear (HS codes 50-67) - 0.25% of US total exports to Greenland (2.76% in the first nine months of 2016);
- Food products and agricultural raw materials (HS codes 01-24) - 0.13% of US total exports to Greenland (1.01% in the first nine months of 2016).
The largest gains in US exports to Greenland in the first nine months of 2017 over the first nine months of 2016 were recorded for the following product groups:
- Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $2,577.5 thousand;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $1,346.9 thousand;
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $1,039.8 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 $592.4 thousand;
- Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $386.2 thousand;
- Commodities not specified according to kind (HS code 99) - an increase of $328.7 thousand;
- Arms and ammunition; parts and accessories thereof (HS code 93) - an increase of $144.4 thousand;
- Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal (HS code 82) - an increase of $114.3 thousand;
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $36.3 thousand.
The largest declines in US exports to Greenland in the first nine months of 2017 over the first nine months 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;
- Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - a decrease of $55.2 thousand;
- Ships, boats and floating structures (HS code 89) - a decrease of $51.5 thousand;
- Articles of iron or steel (HS code 73) - a decrease of $29.6 thousand.
| HS code |
Name of product group | Value of exports in first 9 months 2017 (USD thousand) |
Share in total export (%) |
Value of exports in first 9 months 2016 (USD thousand) |
Change in first 9 months 2017 over first 9 months 2016 (%) |
|---|---|---|---|---|---|
| 21 | Miscellaneous edible preparations | 11.3 | 0.13 | 26.4 | -57.19 |
| 27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 36.3 | 0.41 | 0.0 | ∞ |
| 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 |
| 36 | Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations | 0.0 | 0.00 | 9.6 | -100.00 |
| 39 | Plastics and articles thereof | 14.1 | 0.16 | 2.9 | 386.53 |
| 40 | Rubber and articles thereof | 0.0 | 0.00 | 5.4 | -100.00 |
| 42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | 5.5 | 0.06 | 5.6 | -1.59 |
| 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 | 55.2 | -100.00 |
| 61 | Articles of apparel and clothing accessories, knitted or crocheted | 4.4 | 0.05 | 12.1 | -63.24 |
| 63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 11.6 | 0.13 | 0.0 | ∞ |
| 65 | Headgear and parts thereof | 0.0 | 0.00 | 5.2 | -100.00 |
| 66 | Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof | 6.0 | 0.07 | 0.0 | ∞ |
| 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 | 0.17 | 0.0 | ∞ |
| 73 | Articles of iron or steel | 17.2 | 0.19 | 46.8 | -63.33 |
| 74 | Copper and articles thereof | 0.0 | 0.00 | 19.3 | -100.00 |
| 76 | Aluminum and articles thereof | 16.5 | 0.18 | 0.0 | ∞ |
| 82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 134.6 | 1.51 | 20.3 | 561.74 |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 1,261.9 | 14.11 | 222.1 | 468.13 |
| 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 | 833.5 | 9.32 | 241.1 | 245.67 |
| 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 | 0.05 | 0.0 | ∞ |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 990.2 | 11.07 | 604.0 | 63.95 |
| 88 | Aircraft, spacecraft, and parts thereof | 2,729.8 | 30.53 | 152.4 | 1,691.69 |
| 89 | Ships, boats and floating structures | 19.8 | 0.22 | 71.3 | -72.27 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 1,870.9 | 20.92 | 524.0 | 257.02 |
| 91 | Clocks and watches and parts thereof | 4.1 | 0.05 | 13.8 | -70.22 |
| 92 | Musical instruments; parts and accessories of such articles | 3.2 | 0.04 | 0.0 | ∞ |
| 93 | Arms and ammunition; parts and accessories thereof | 463.2 | 5.18 | 318.7 | 45.32 |
| 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 |
| 96 | Miscellaneous manufactured articles | 0.0 | 0.00 | 3.8 | -100.00 |
| 99 | Commodities not specified according to kind | 487.5 | 5.45 | 158.8 | 207.06 |
US Imports from Greenland
The major share of US imports from Greenland in the first nine months of 2017 (and in the first nine months of 2016) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 97.20% of US total imports from Greenland (88.46% in the first nine months of 2016);
- Machinery, equipment and vehicles (HS codes 84-90) - 0.23% of US total imports from Greenland (1.55% in the first nine months of 2016).
The largest gains in US imports from Greenland in the first nine months of 2017 over the first nine months of 2016 were recorded for the following product groups:
- Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $2,052.8 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 $53.8 thousand;
- Articles of iron or steel (HS code 73) - an increase of $33.5 thousand.
The largest declines in US imports from Greenland in the first nine months of 2017 over the first nine months of 2016 were recorded for the following product groups:
- Commodities not specified according to kind (HS code 99) - a decrease of $455.5 thousand;
- Products of animal origin, not elsewhere specified or included (HS code 05) - a decrease of $81.4 thousand;
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $36.2 thousand;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $33.0 thousand.
| HS code |
Name of product group | Value of imports in first 9 months 2017 (USD thousand) |
Share in total import (%) |
Value of imports in first 9 months 2016 (USD thousand) |
Change in first 9 months 2017 over first 9 months 2016 (%) |
|---|---|---|---|---|---|
| 03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 6,899.8 | 93.83 | 4,847.0 | 42.35 |
| 05 | Products of animal origin, not elsewhere specified or included | 0.0 | 0.00 | 81.4 | -100.00 |
| 12 | Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder | 247.6 | 3.37 | 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 | 53.8 | 0.73 | 0.0 | ∞ |
| 73 | Articles of iron or steel | 33.5 | 0.46 | 0.0 | ∞ |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 0.0 | 0.00 | 36.2 | -100.00 |
| 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 |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 11.6 | 0.16 | 9.1 | 27.95 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 5.5 | 0.07 | 38.5 | -85.81 |
| 99 | Commodities not specified according to kind | 101.5 | 1.38 | 557.0 | -81.77 |