| March 2012 |
Total Exports To Iceland
| Rank | Commodity | Total YTD Exports |
|---|---|---|
1 | Misc. aluminum oxides and hydroxides | $19,159,757 |
2 | Low value shipments | $16,271,228 |
3 | Aircraft | $9,583,874 |
4 | Bombs, grenades, cartridges, parts | $3,734,543 |
5 | Coal, briquettes | $2,252,920 |
6 | Landline, cellular phone equipment | $1,180,550 |
7 | Taps, cocks and valves for pipes, tanks | $773,082 |
8 | Misc. grains, cereals | $759,496 |
9 | Motor vehicles for transporting people | $686,055 |
10 | Steam turbines, parts | $625,389 |
Total Imports From Iceland
| Rank | Commodity | Total YTD Imports |
|---|---|---|
1 | Fish fillets, chilled or frozen | $27,215,829 |
2 | Orthopedic appliances, artificial body parts | $10,009,826 |
3 | Ferroalloys 7202 | $6,698,695 |
4 | Aluminum Wire 7605 | $2,463,353 |
5 | Misc. machinery for food and drink, parts | $2,305,916 |
6 | Natural waters | $1,995,773 |
7 | Frozen fish | $1,926,026 |
8 | Misc. medical chemical re-agents | $1,029,110 |
9 | Fish fillets, dried, salted or smoked | $907,846 |
10 | Fish, fresh or chilled | $785,359 |
| March 2012 |
Top Iceland Trading Partners
| Rank | District | Total YTD |
|---|---|---|
1 | New York City | $29,289,055 |
2 | Houston | $23,916,686 |
3 | Norfolk | $18,271,990 |
4 | Boston | $17,440,152 |
5 | Low Value Shipments | $16,783,923 |
6 | New Orleans | $8,916,383 |
7 | Baltimore | $5,242,349 |
8 | Los Angeles | $4,007,778 |
9 | Charleston | $2,012,549 |
10 | Cleveland | $1,958,299 |
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 |
Iceland’s trade rose to $136,334,838 through March
Iceland’s trade with the United States rose to $136,334,838 through the first three months of 2012, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s -21.30 percent below its total trade during the same time period last year. Iceland’s exports decreased -40.30 percent while imports rose 22.81 percent. The U.S. surplus with Iceland was $8,206,080.
Through March, Iceland’s top U.S. Customs districts for total imports and exports were No. 1 New York City, No. 2 Houston, No. 3 Norfolk, No. 4 Boston and No. 5 Low Value Shipments compared to last year when the top spots were held by No. 1 Houston, No. 2 New York City, No. 3 Low Value Shipments, No. 4 Norfolk and No. 5 New Orleans. In the current time period, the top five accounted for 28.98 percent of Iceland’s U.S. trade.. That compares to 63.88 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 Iceland,:
- Trade with No. 1 New York City fell -23.74 percent to $29,289,055.
Exports fell -42.92 percent to $12,258,587. Imports rose 0.60 percent to $17,030,468. - Trade with No. 2 Houston fell -48.25 percent to $23,916,686.
Exports fell -48.24 percent to $23,912,256. Imports fell -56.56 percent to $4,430. - Trade with No. 3 Norfolk fell -12.95 percent to $18,271,990.
Exports fell -33.36 percent to $4,320,977. Imports fell -3.82 percent to $13,951,013. - Trade with No. 4 Boston rose 35.40 percent to $17,440,152.
Exports rose 282.64 percent to $2,544,178. Imports rose 21.94 percent to $14,895,974. - Trade with No. 5 Low Value Shipments fell -41.07 percent to $16,783,923.
Exports fell -41.85 percent to $16,271,228. Imports rose 2.65 percent to $512,695.
Through March, 14 Customs districts posted trade surpluses with Iceland while 18 had deficits. That compares with 20 surpluses and 14 deficits for the same period one year ago. The top surplus was with Houston at $23,907,826, the largest deficit was with Boston at $-12,351,796.
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 Iceland by value through March were misc. aluminum oxides and hydroxides; low value shipments; aircraft; bombs, grenades, cartridges, parts; and coal, briquettes, respectively. They accounted for 70.57 percent of total exports to Iceland.
The value of the top five U.S. imports from Iceland -- fish fillets, chilled or frozen; orthopedic appliances, artificial body parts; ferroalloys 7202; aluminum wire 7605; and misc. machinery for food and drink, parts -- accounted for 76.01 percent of all inbound shipments.
Looking more closely at U.S. exports to Iceland:
- Misc. aluminum oxides and hydroxides fell -54.29 percent compared to last year to $19,159,757.
- Low value shipments fell -41.85 percent compared to last year to $16,271,228.
- Aircraft fell -43.88 percent compared to last year to $9,583,874.
- Bombs, grenades, cartridges, parts fell -2.28 percent compared to last year to $3,734,543.
- Coal, briquettes fell -17.13 percent compared to last year to $2,252,920.
Looking more closely at U.S. imports from Iceland
- Fish fillets, chilled or frozen rose 24.03 percent compared to last year to $27,215,829.
- Orthopedic appliances, artificial body parts fell -1.43 percent compared to last year to $10,009,826.
- Ferroalloys 7202 rose 428.63 percent compared to last year to $6,698,695.
- Aluminum Wire 7605 rose compared to last year to $2,463,353.
- Misc. machinery for food and drink, parts fell -39.14 percent compared to last year to $2,305,916.
In the latest annual figures available, Iceland recorded $173,225,901 in trade with the United States. At year’s end, its top five Customs districts were Houston, New York City, Low Value Shipments, New Orleans and Norfolk. Total U.S. exports to Iceland were $628,216,189 and imports from Iceland were $216,266,240. The U.S. surplus with Iceland was $411,949,949.