| March 2013 |
Top Exports To Iceland
Total Exports To Iceland: $70,499,092| Rank | Commodity | Total YTD Exports |
|---|---|---|
| 1 | Misc. aluminum oxides and hydroxides | $18,886,999 |
| 2 | Low value shipments | $14,383,202 |
| 3 | Aircraft | $11,845,585 |
| 4 | Coal, briquettes | $3,415,841 |
| 5 | Landline, cellular phone equipment | $1,714,026 |
| 6 | Exports of repaired imports | $1,105,387 |
| 7 | Computers | $826,903 |
| 8 | Misc. grains, cereals | $738,606 |
| 9 | Sauces and preparations; mixed condiments | $732,064 |
| 10 | Motor vehicles for transporting people | $720,235 |
Total Imports From Iceland
Total Imports From Iceland: $88,874,957| Rank | Commodity | Total YTD |
|---|---|---|
| 1 | Fish fillets, chilled or frozen | $35,412,556 |
| 2 | Imports of returned exports | $21,508,981 |
| 3 | Orthopedic appliances, artificial body parts | $8,947,390 |
| 4 | Fats & Oils, Their Fractions, Fish & Marine M 1504 | $2,715,738 |
| 5 | Ferroalloys 7202 | $2,047,626 |
| 6 | Misc. vessels, including warships, lifeboats | $1,924,497 |
| 7 | Natural waters | $1,704,126 |
| 8 | Frozen fish | $1,702,388 |
| 9 | Weighing machines, weights, parts | $1,435,387 |
| 10 | Fish fillets, dried, salted or smoked | $1,207,203 |
| March 2013 |
Top Iceland Trading Partners
Total Iceland trade: $159,374,049| Rank | District | Total YTD |
|---|---|---|
| 1 | New York City | $28,119,660 |
| 2 | Boston | $28,029,763 |
| 3 | Norfolk | $21,934,044 |
| 4 | Portland, Maine | $21,450,091 |
| 5 | Houston | $20,535,099 |
| 6 | Low Value Shipments | $14,899,883 |
| 7 | New Orleans | $10,919,338 |
| 8 | Cleveland | $3,534,714 |
| 9 | Seattle | $1,130,091 |
| 10 | Los Angeles | $1,098,293 |
Top US Trading Partners
Total U.S. trade for all countries: $919,560,909,009| Rank | Commodity | Total YTD Exports |
|---|---|---|
| 1 | CANADA | $154,229,781,187 |
| 2 | CHINA | $125,331,233,626 |
| 3 | MEXICO | $120,297,325,224 |
| 4 | JAPAN | $50,070,697,561 |
| 5 | GERMANY | $37,936,556,982 |
| 6 | SOUTH KOREA | $25,435,797,164 |
| 7 | UNITED KINGDOM | $24,776,181,741 |
| 8 | FRANCE | $17,448,501,187 |
| 9 | BRAZIL | $16,436,596,270 |
| 10 | SAUDI ARABIA | $15,342,397,281 |
Iceland’s trade rose to $159,374,049 through March
Iceland’s trade with the United States rose to $159,374,049 through the first three months of 2013, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 16.90 percent above its total trade during the same time period last year. Iceland’s exports decreased -2.45 percent while imports rose 38.73 percent. The U.S. deficit with Iceland was $0.
Through March, Iceland’s top U.S. Customs districts for total imports and exports were No. 1 New York City, No. 2 Boston, No. 3 Norfolk, No. 4 Portland, Maine and No. 5 Houston compared to last year when the top spots were held by No. 1 New York City, No. 2 Houston, No. 3 Norfolk, No. 4 Boston and No. 5 Low Value Shipments. In the current time period, the top five accounted for 32.74 percent of Iceland’s U.S. trade.. That compares to 13.55 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 -3.99 percent to $28,119,660.
Exports fell -25.15 percent to $9,175,470. Imports rose 11.24 percent to $18,944,190. - Trade with No. 2 Boston rose 60.72 percent to $28,029,763.
Exports rose 284.81 percent to $9,790,204. Imports rose 22.45 percent to $18,239,559. - Trade with No. 3 Norfolk rose 20.04 percent to $21,934,044.
Exports rose 37.46 percent to $5,939,549. Imports rose 14.65 percent to $15,994,495. - Trade with No. 4 Portland, Maine rose to $21,450,091.
Exports rose to $106,128. Imports rose to $21,343,963. - Trade with No. 5 Houston fell -14.14 percent to $20,535,099.
Exports fell -18.62 percent to $19,459,969. Imports rose 24,169.30 percent to $1,075,130.
Through March, 17 Customs districts posted trade surpluses with Iceland while 20 had deficits. That compares with 14 surpluses and 18 deficits for the same period one year ago. The top surplus was with Houston at $18,384,839, the largest deficit was with Portland, Maine at $-21,237,835.
Meanwhile, total U.S. trade with the world decreased to $919,560,909,009, down -1.59 percent compared to the same period last year. The nation’s exports climbed 0.19 percent to $1,773,047,307; imports dropped -1.78 percent to $-16,591,316,281. The nation’s top five countries so far this year, by value, are Canada, China, Mexico, Japan and Germany. The overall trade deficit climbed $-152,899,878,555, down compared to the same period of last year when the deficit was $-171,264,242,143.
The top five U.S. exports to Iceland by value through March were misc. aluminum oxides and hydroxides; low value shipments; aircraft; coal, briquettes; and landline, cellular phone equipment, respectively. They accounted for 71.27 percent of total exports to Iceland.
The value of the top five U.S. imports from Iceland -- fish fillets, chilled or frozen; imports of returned exports; orthopedic appliances, artificial body parts; fats & oils, their fractions, fish & marine m 1504; and ferroalloys 7202 -- accounted for 79.47 percent of all inbound shipments.
Looking more closely at U.S. exports to Iceland:
- Misc. aluminum oxides and hydroxides fell -1.42 percent compared to last year to $18,886,999.
- Low value shipments fell -11.60 percent compared to last year to $14,383,202.
- Aircraft rose 23.60 percent compared to last year to $11,845,585.
- Coal, briquettes rose 51.62 percent compared to last year to $3,415,841.
- Landline, cellular phone equipment rose 45.19 percent compared to last year to $1,714,026.
Looking more closely at U.S. imports from Iceland
- fell compared to last year to $0.
- fell compared to last year to $0.
- fell compared to last year to $0.
- fell compared to last year to $0.
- fell compared to last year to $0.
In the latest annual figures available, Iceland recorded $136,334,838 in trade with the United States. At year’s end, its top five Customs districts were New York City, Norfolk, Houston, Boston and Low Value Shipments. Total U.S. exports to Iceland were $370,890,674 and imports from Iceland were $283,742,675. The U.S. surplus with Iceland was $87,147,999.