| March 2012 |
Total Exports To Faroe Islands
| Rank | Commodity | Total YTD Exports |
|---|---|---|
1 | Landline, cellular phone equipment | $44,162 |
2 | Fishing rods, tackle, nets, decoys | $42,369 |
3 | Parts for cellular communications | $11,970 |
4 | TVs, TV equipment, camcorders, digital cameras | $11,250 |
5 | Aircraft | $9,640 |
6 | Miscellaneous electrical machinery | $6,500 |
7 | Low value shipments | $6,110 |
8 | Professional cameras, projectors, parts | $6,070 |
9 | Insulated wire, cable | $4,771 |
10 | Unrecorded media for audio | $4,430 |
Total Imports From Faroe Islands
| Rank | Commodity | Total YTD Imports |
|---|---|---|
1 | Fish fillets, chilled or frozen | $7,202,175 |
2 | Fish, fresh or chilled | $6,714,589 |
3 | Misc. dead animal products | $66,185 |
4 | Imports of returned exports | $28,993 |
5 | Salvage | $4,170 |
6 | Frozen fish | $2,815 |
7 | Sweaters, pullovers, vest, knit or crocheted | $404 |
| March 2012 |
Top Faroe Islands Trading Partners
| Rank | District | Total YTD |
|---|---|---|
1 | New York City | $7,435,418 |
2 | Los Angeles | $2,130,195 |
3 | Boston | $1,695,731 |
4 | Chicago | $725,787 |
5 | Jacksonville/Tampa | $617,309 |
6 | Houston | $415,635 |
7 | Miami | $347,507 |
8 | Washington, D.C. | $246,900 |
9 | Dallas | $174,418 |
10 | Atlanta/Savannah | $167,852 |
Top US Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CANADA | $153,987,495,076 |
2 | MEXICO | $122,398,351,478 |
3 | CHINA | $120,983,448,879 |
4 | JAPAN | $54,762,867,594 |
5 | GERMANY | $38,277,050,668 |
6 | UNITED KINGDOM | $28,840,373,748 |
7 | SOUTH KOREA | $25,150,256,689 |
8 | BRAZIL | $19,088,773,913 |
9 | SAUDI ARABIA | $18,638,133,172 |
10 | FRANCE | $17,857,130,070 |
Faroe Islands’s trade rose to $14,176,241 through March
Faroe Islands’s trade with the United States rose to $14,176,241 through the first three months of 2012, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s -50.57 percent below its total trade during the same time period last year. Faroe Islands’s exports decreased -63.22 percent while imports dropped -50.37 percent. The U.S. deficit with Faroe Islands was $13,862,421.
Through March, Faroe Islands’s top U.S. Customs districts for total imports and exports were No. 1 New York City, No. 2 Los Angeles, No. 3 Boston, No. 4 Chicago and No. 5 Jacksonville/Tampa compared to last year when the top spots were held by No. 1 New York City, No. 2 Los Angeles, No. 3 Jacksonville/Tampa, No. 4 Chicago and No. 5 Washington, D.C.. In the current time period, the top five accounted for 12.47 percent of Faroe Islands’s U.S. trade.. That compares to 127.51 percent for the nation’s top five Customs districts during the same time period.Taking a closer look at the leading U.S. gateways for U.S. trade with Faroe Islands,:
- Trade with No. 1 New York City fell -51.14 percent to $7,435,418.
Exports fell -88.88 percent to $9,637. Imports fell -50.92 percent to $7,425,781. - Trade with No. 2 Los Angeles fell -61.93 percent to $2,130,195.
Exports fell -45.98 percent to $11,250. Imports fell -61.99 percent to $2,118,945. - Trade with No. 3 Boston rose 113.15 percent to $1,695,731.
Exports fell -49.33 percent to $42,369. Imports rose 132.24 percent to $1,653,362. - Trade with No. 4 Chicago fell -35.73 percent to $725,787.
Exports fell to $0. Imports fell -35.73 percent to $725,787. - Trade with No. 5 Jacksonville/tampa fell -65.25 percent to $617,309.
Exports fell to $0. Imports fell -65.25 percent to $617,309.
Through March, 4 Customs districts posted trade surpluses with Faroe Islands while 12 had deficits. That compares with 4 surpluses and 14 deficits for the same period one year ago. The top surplus was with Cleveland at $42,316, the largest deficit was with New York City at $-7,416,144.
Meanwhile, total U.S. trade with the world increased to $934,379,177,983, up 8.63 percent compared to the same period last year. The nation’s exports climbed 3.54 percent to $30,467,217,700; imports rose 5.09 percent to $43,800,507,934. The nation’s top five countries so far this year, by value, are Canada, Mexico, China, Japan and Germany. The overall trade deficit was $-171,264,242,143, up compared to the same period of last year when the deficit was $-157,930,951,909.
The top five U.S. exports to Faroe Islands by value through March were landline, cellular phone equipment; fishing rods, tackle, nets, decoys; parts for cellular communications; tvs, tv equipment, camcorders, digital cameras; and aircraft, respectively. They accounted for 76.09 percent of total exports to Faroe Islands.
The value of the top five U.S. imports from Faroe Islands -- fish fillets, chilled or frozen; fish, fresh or chilled; misc. dead animal products; imports of returned exports; and salvage -- accounted for 99.98 percent of all inbound shipments.
Looking more closely at U.S. exports to Faroe Islands:
- Landline, cellular phone equipment rose compared to last year to $44,162.
- Fishing rods, tackle, nets, decoys rose 43.18 percent compared to last year to $42,369.
- Parts for cellular communications rose 55.43 percent compared to last year to $11,970.
- TVs, TV equipment, camcorders, digital cameras fell -74.36 percent compared to last year to $11,250.
- Aircraft rose compared to last year to $9,640.
Looking more closely at U.S. imports from Faroe Islands
- Fish fillets, chilled or frozen fell -26.80 percent compared to last year to $7,202,175.
- Fish, fresh or chilled fell -63.49 percent compared to last year to $6,714,589.
- Misc. dead animal products rose compared to last year to $66,185.
- Imports of returned exports rose compared to last year to $28,993.
- Salvage fell -79.08 percent compared to last year to $4,170.
In the latest annual figures available, Faroe Islands recorded $28,676,549 in trade with the United States. At year’s end, its top five Customs districts were New York City, Los Angeles, Boston, Jacksonville/Tampa and Houston. Total U.S. exports to Faroe Islands were $2,966,628 and imports from Faroe Islands were $105,951,574. The U.S. deficit with Faroe Islands was $-102,984,946.