US trade with Marshall Islands in the 1st quarter of 2017

Published or Updated: Aug 08, 2017

The report on US foreign trade in goods with Marshall Islands in the 1st quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Marshall Islands

In the 1st quarter of 2017, US trade with Marshall Islands totaled $284.0 million, up 240.89% ($200.7 million) from the 1st quarter of 2016.

US exports to Marshall Islands in the 1st quarter of 2017 totaled $279.7 million, up 249.70% ($199.7 million) from the 1st quarter of 2016.

US imports from Marshall Islands in the 1st quarter of 2017 totaled $4.4 million, up 30.64% ($1.0 million) from the 1st quarter of 2016.

US trade surplus with Marshall Islands in the 1st quarter of 2017 was $275.3 million, a 259.29% increase ($198.7 million) over the 1st quarter of 2016.

Marshall Islands was the US 91st largest trading partner in the 1st quarter of 2017 (up from 117th in the 1st quarter of 2016), accounting for 0.0303% of US total trade (up from 0.0095% in the 1st quarter of 2016).

Marshall Islands was the US 74th largest export market in the 1st quarter of 2017 (up from 102nd in the 1st quarter of 2016), accounting for 0.0751% of US total exports (up from 0.0230% in the 1st quarter of 2016).

Marshall Islands was the US 156th largest supplier in the 1st quarter of 2017 (up from 161st in the 1st quarter of 2016), accounting for 0.0008% of US total imports (up from 0.0006% in the 1st quarter of 2016).

US Exports to Marshall Islands

The major share of US exports to Marshall Islands in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 78.84% of US total exports to Marshall Islands (5.79% in the 1st quarter of 2016);
  • Mineral products (HS codes 25-27) - 6.41% of US total exports to Marshall Islands (66.81% in the 1st quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 1.88% of US total exports to Marshall Islands (9.79% in the 1st quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 1.28% of US total exports to Marshall Islands (3.66% in the 1st quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 0.06% of US total exports to Marshall Islands (1.29% in the 1st quarter of 2016).

The largest gains in US exports to Marshall Islands in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • 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 $197,772.5 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $13,859.4 thousand;
  • 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 (HS code 86) - an increase of $4,164.3 thousand.

The largest declines in US exports to Marshall Islands in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $36,006.5 thousand;
  • Iron and steel (HS code 72) - a decrease of $1,846.6 thousand;
  • Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - a decrease of $950.1 thousand.
US exports to Marshall Islands in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q1 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
02 Meat and edible meat offal 774.6 0.28 653.018.62
03 Fish and crustaceans, molluscs and other aquatic invertebrates 30.9 0.01 14.8109.30
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 74.5 0.03 106.0-29.67
05 Products of animal origin, not elsewhere specified or included 5.0 0.00 0.0
07 Edible vegetables and certain roots and tubers 0.0 0.00 7.1-100.00
09 Coffee, tea, maté and spices 3.5 0.00 27.0-87.03
10 Cereals 192.2 0.07 47.3306.61
11 Products of the milling industry; malt; starches; inulin; wheat gluten 24.7 0.01 12.0106.68
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 0.0 0.00 4.5-100.00
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 19.3 0.01 53.0-63.61
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 114.2 0.04 136.9-16.59
17 Sugars and sugar confectionery 33.6 0.01 0.0
18 Cocoa and cocoa preparations 37.7 0.01 7.5405.65
19 Preparations of cereals, flour, starch or milk; bakers’ wares 930.1 0.33 645.644.08
20 Preparations of vegetables, fruit, nuts or other parts of plants 5.2 0.00 3.838.54
21 Miscellaneous edible preparations 918.9 0.33 821.811.81
22 Beverages, spirits and vinegar 241.8 0.09 355.5-31.99
24 Tobacco and manufactured tobacco substitutes 183.8 0.07 35.1423.53
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 531.1 0.19 19.42,640.85
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 17,407.1 6.22 53,413.6-67.41
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 4.0 0.00 7.6-47.38
29 Organic chemicals 0.0 0.00 2.7-100.00
30 Pharmaceutical products 61.8 0.02 84.1-26.51
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 105.5 0.04 75.439.87
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 30.2 0.01 7.7289.77
35 Albuminoidal substances; modified starches; glues; enzymes 0.0 0.00 17.6-100.00
38 Miscellaneous chemical products 18.7 0.01 9.891.66
39 Plastics and articles thereof 801.4 0.29 122.6553.49
40 Rubber and articles thereof 24.3 0.01 64.8-62.56
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 9.3 0.00 0.0
44 Wood and articles of wood; wood charcoal 443.5 0.16 289.853.07
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 159.7 0.06 38.6313.93
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 43.9 0.02 189.2-76.80
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 6.7 0.00 2.5164.01
57 Carpets and other textile floor coverings 6.6 0.00 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 116.4 0.04 40.3188.93
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.0 0.00 5.0-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 9.4 0.00 959.5-99.02
64 Footwear, gaiters and the like; parts of such articles 27.2 0.01 24.89.43
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 24.5 0.01 185.5-86.78
69 Ceramic products 16.7 0.01 4.1308.72
70 Glass and glassware 176.8 0.06 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 3.0 0.00 0.0
72 Iron and steel 98.1 0.04 1,944.7-94.96
73 Articles of iron or steel 4,893.7 1.75 5,244.2-6.68
74 Copper and articles thereof 84.5 0.03 129.5-34.72
76 Aluminum and articles thereof 29.9 0.01 209.3-85.72
79 Zinc and articles thereof 24.9 0.01 0.0
81 Other base metals; cermets; articles thereof 4.3 0.00 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 55.6 0.02 170.7-67.41
83 Miscellaneous articles of base metal 79.7 0.03 132.5-39.86
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 15,283.4 5.46 1,424.0973.26
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 199,647.0 71.39 1,874.610,550.32
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 4,222.1 1.51 57.87,204.65
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 161.0 0.06 288.4-44.17
88 Aircraft, spacecraft, and parts thereof 651.5 0.23 846.1-23.01
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 514.7 0.18 136.6276.84
91 Clocks and watches and parts thereof 0.0 0.00 6.1-100.00
92 Musical instruments; parts and accessories of such articles 0.0 0.00 6.2-100.00
93 Arms and ammunition; parts and accessories thereof 0.0 0.00 11.0-100.00
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 113.7 0.04 135.8-16.24

US Imports from Marshall Islands

The major share of US imports from Marshall Islands in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 51.56% of US total imports from Marshall Islands (54.10% in the 1st quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 15.73% of US total imports from Marshall Islands (2.39% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 3.71% of US total imports from Marshall Islands (1.19% in the 1st quarter of 2016).

The largest gains in US imports from Marshall Islands in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • 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 $553.2 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $444.6 thousand;
  • 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) - an increase of $117.6 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $117.0 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $54.4 thousand.

The largest declines in US imports from Marshall Islands in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • No product groups with a substantial decrease.
US imports from Marshall Islands in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q1 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 2,218.8 50.67 1,774.225.06
05 Products of animal origin, not elsewhere specified or included 39.0 0.89 39.3-0.80
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 0.0 0.00 4.2-100.00
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 45.2 1.03 40.013.00
39 Plastics and articles thereof 117.0 2.67 0.0
73 Articles of iron or steel 0.0 0.00 2.1-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 13.1 0.30 9.339.96
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 621.3 14.19 68.1812.61
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 54.4 1.24 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 0.0 0.00 2.7-100.00
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 117.6 2.69 0.0
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce