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Svalbard and Jan Mayen

US Revised Tariffs (%)

10

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
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10
10
0
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
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US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

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Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

Tariff rate, applied, weighted mean, all products (%)

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Trading Economics - Imports

Implications

As of today, Sunday, April 20, 2025, the most recent tariff update concerning Svalbard and Jan Mayen directly relates to the sweeping tariffs announced by the United States earlier this month. Here's the key information: US Tariffs on Exports from Svalbard and Jan Mayen: As part of the broader tariff regime implemented by the United States in early April 2025, exports from Svalbard and Jan Mayen to the US are subject to a 10% tariff.   Lower Rate than Mainland Norway: Interestingly, this rate is lower than the 15% tariff applied to exports from mainland Norway to the United States.   Rationale for the Lower Rate: According to some reports, this difference arises because the US tariff calculations were based on existing trade balances. Historically, there has been minimal to no direct export of goods from Svalbard and Jan Mayen to the United States, resulting in a lower baseline tariff with the new minimum of 10% being applied.   Limited Export Economy: It's crucial to understand that both Svalbard and Jan Mayen have very limited export economies. Svalbard: Its primary economic activities are tourism, science, and education. Coal mining was a significant historical export, but these mines are largely being phased out, and there haven't been significant recent coal exports to the US. The small Svalbard brewery's beer exports are unlikely to reach the US in significant quantities.   Jan Mayen: The island has no permanent civilian population and its activity is limited to the Norwegian Meteorological Station and military personnel. There is virtually no export economy on Jan Mayen.     Uninhabited Islands Also Affected: Notably, the US tariffs also targeted other remote and even uninhabited islands with a 10% tariff, such as the Heard and McDonald Islands (Australia).   Impact of the Tariffs: Given the minimal export activity from Svalbard and Jan Mayen to the United States, the direct economic impact of these tariffs is expected to be negligible. The inclusion of these territories in the US tariff list appears to be more of a broad application of the new tariff rules rather than a targeted measure against any significant trade flow. Svalbard Treaty Considerations: The Svalbard Treaty of 1920 grants Norway full sovereignty over the archipelago but also establishes certain conditions, including non-discrimination in commercial activities for citizens of treaty signatory nations. However, the imposition of import tariffs by a third country (the US) on goods originating from Svalbard is a separate matter and not directly governed by the Svalbard Treaty.   Jan Mayen's Economic Activity: Jan Mayen's primary economic activity is related to the operation of its weather and communication stations. It has limited natural resources beyond some gravel and significant fishing resources in its Exclusive Economic Zone (EEZ). There is no significant export industry on the island.   In conclusion, the latest tariff update for Svalbard and Jan Mayen shows a 10% tariff imposed by the United States on their exports. However, due to the very limited export economies of these Norwegian territories, the practical impact of these tariffs is expected to be minimal.

US Negotiation Strategy

It appears there's very limited and potentially no significant ongoing direct import trade from Svalbard and Jan Mayen to the United States as of late April/early May 2025. Here's a breakdown of why and what little information is available: Why Limited Imports: Minimal Export Economy: Reports indicate that Svalbard and Jan Mayen have very little in the way of a diverse export economy. Historically, Svalbard's primary export was coal, which hasn't been a significant recent export to the US. Jan Mayen has no civilian population and therefore no real economy.   Recent Tariffs as a Factor: The US imposed a 10% tariff on goods from Svalbard and Jan Mayen in early April 2025 as part of a broader tariff action. While the direct impact of this tariff might be minimal due to the low export volume, it signifies the current US trade policy stance.   Data Discrepancies: Some trade data websites might list potential past imports across various categories (like machinery, vehicles, pharmaceuticals), but the actual recent volumes appear to be negligible or non-existent according to news reports and official trade statistics. These broad categories likely reflect the general types of goods that could theoretically be imported rather than significant current trade. Focus on Norway: As territories of Norway, any significant trade would likely be categorized under Norwegian exports rather than separately for Svalbard and Jan Mayen. Norway itself faces a higher 15% tariff on most exports to the US.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

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Sources : Forbes | USDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia | International Trade Administration

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theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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