US trade with Marshall Islands in the 2nd quarter of 2017

Published or Updated: Sep 02, 2017

The report on US foreign trade in goods with Marshall Islands in the 2nd quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Marshall Islands

In the 2nd quarter of 2017, US trade with Marshall Islands was $103.7 million, down 6.48% ($7.2 million) from the 2nd quarter of 2016.

US exports to Marshall Islands in the 2nd quarter of 2017 totaled $99.8 million, up 24.33% ($19.5 million) from the 2nd quarter of 2016.

US imports from Marshall Islands in the 2nd quarter of 2017 were $3.9 million, down 87.39% ($26.7 million) from the 2nd quarter of 2016.

US trade surplus with Marshall Islands in the 2nd quarter of 2017 was $96.0 million, a 93.05% increase ($46.3 million) over the 2nd quarter of 2016.

Marshall Islands was the US 119th largest trading partner in the 2nd quarter of 2017 (down from 115th in the 2nd quarter of 2016), accounting for 0.0105% of US total trade (down from 0.0120% in the 2nd quarter of 2016).

Marshall Islands was the US 105th largest export market in the 2nd quarter of 2017 (down from 104th in the 2nd quarter of 2016), accounting for 0.0260% of US total exports (up from 0.0221% in the 2nd quarter of 2016).

Marshall Islands was the US 163rd largest supplier in the 2nd quarter of 2017 (down from 117th in the 2nd quarter of 2016), accounting for 0.0006% of US total imports (down from 0.0054% in the 2nd quarter of 2016).

US Exports to Marshall Islands

The major share of US exports to Marshall Islands in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 59.52% of US total exports to Marshall Islands (36.14% in the 2nd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 13.00% of US total exports to Marshall Islands (18.48% in the 2nd quarter of 2016);
  • Chemical products (HS codes 28-40) - 7.65% of US total exports to Marshall Islands (1.83% in the 2nd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 4.20% of US total exports to Marshall Islands (5.39% in the 2nd quarter of 2016);
  • Mineral products (HS codes 25-27) - 3.71% of US total exports to Marshall Islands (25.72% in the 2nd quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 0.33% of US total exports to Marshall Islands (1.06% in the 2nd quarter of 2016).

The largest gains in US exports to Marshall Islands in the 2nd quarter of 2017 over the 2nd 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 $13,162.9 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $11,375.1 thousand;
  • Salt; sulfur; earths and stone; plastering materials, lime and cement (HS code 25) - an increase of $2,755.4 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 $2,460.9 thousand;
  • Miscellaneous chemical products (HS code 38) - an increase of $2,447.7 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $2,350.1 thousand;
  • Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - an increase of $2,314.4 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $1,470.7 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $1,044.2 thousand;
  • Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal (HS code 82) - an increase of $614.2 thousand.

The largest declines in US exports to Marshall Islands in the 2nd quarter of 2017 over the 2nd 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 $19,708.3 thousand;
  • Articles of iron or steel (HS code 73) - a decrease of $1,453.6 thousand;
  • Miscellaneous articles of base metal (HS code 83) - a decrease of $458.2 thousand;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - a decrease of $412.0 thousand;
  • Iron and steel (HS code 72) - a decrease of $401.7 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $337.0 thousand.
US exports to Marshall Islands in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q2 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q2 2016
(USD thousand)
Change
in Q2 2017
over Q2 2016
(%)
02 Meat and edible meat offal 789.2 0.79 655.620.38
03 Fish and crustaceans, molluscs and other aquatic invertebrates 25.8 0.03 9.8164.04
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 62.3 0.06 97.9-36.42
05 Products of animal origin, not elsewhere specified or included 25.0 0.03 0.0
09 Coffee, tea, maté and spices 25.4 0.03 25.5-0.37
10 Cereals 54.5 0.05 42.428.65
11 Products of the milling industry; malt; starches; inulin; wheat gluten 11.8 0.01 21.9-46.27
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 3.2 0.00 0.0
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 49.2 0.05 42.216.38
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 273.2 0.27 128.5112.67
17 Sugars and sugar confectionery 0.0 0.00 7.7-100.00
18 Cocoa and cocoa preparations 30.3 0.03 28.27.30
19 Preparations of cereals, flour, starch or milk; bakers’ wares 1,145.9 1.15 1,557.9-26.45
20 Preparations of vegetables, fruit, nuts or other parts of plants 18.4 0.02 5.0268.80
21 Miscellaneous edible preparations 976.5 0.98 1,151.4-15.19
22 Beverages, spirits and vinegar 315.7 0.32 347.5-9.15
24 Tobacco and manufactured tobacco substitutes 386.3 0.39 204.788.74
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 3,691.5 3.70 936.1294.34
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 13.6 0.01 19,721.9-99.93
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 3,158.4 3.16 844.0274.21
29 Organic chemicals 104.9 0.11 0.0
30 Pharmaceutical products 18.0 0.02 79.0-77.23
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 89.1 0.09 120.3-25.92
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 54.0 0.05 69.9-22.75
35 Albuminoidal substances; modified starches; glues; enzymes 0.0 0.00 16.9-100.00
37 Photographic or cinematographic goods 9.0 0.01 0.0
38 Miscellaneous chemical products 2,531.5 2.54 83.82,920.94
39 Plastics and articles thereof 1,652.7 1.66 182.0808.05
40 Rubber and articles thereof 16.0 0.02 70.7-77.32
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 14.5 0.01 9.258.09
44 Wood and articles of wood; wood charcoal 145.1 0.15 482.0-69.91
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 156.9 0.16 137.414.23
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 31.4 0.03 235.4-86.65
54 Man-made filaments 17.5 0.02 4.0336.73
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 19.9 0.02 0.0
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 0.0 0.00 3.8-100.00
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 3.5 0.00 2.919.41
61 Articles of apparel and clothing accessories, knitted or crocheted 0.0 0.00 12.1-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.0 0.00 5.2-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 15.3 0.02 0.0
64 Footwear, gaiters and the like; parts of such articles 16.0 0.02 7.8105.74
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 55.0 0.06 22.1149.22
69 Ceramic products 25.6 0.03 0.0
70 Glass and glassware 19.1 0.02 35.9-46.70
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 9.1 0.01 0.0
72 Iron and steel 353.0 0.35 754.7-53.23
73 Articles of iron or steel 11,767.6 11.79 13,221.1-10.99
74 Copper and articles thereof 36.0 0.04 88.6-59.37
76 Aluminum and articles thereof 78.8 0.08 184.2-57.24
79 Zinc and articles thereof 12.1 0.01 18.6-34.97
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 627.9 0.63 13.74,499.74
83 Miscellaneous articles of base metal 102.1 0.10 560.4-81.78
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 22,663.7 22.70 11,288.6100.77
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 14,092.6 14.11 929.71,415.89
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 18,461.4 18.49 16,000.515.38
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 235.5 0.24 217.88.12
88 Aircraft, spacecraft, and parts thereof 2,855.2 2.86 505.1465.28
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 1,122.7 1.12 78.51,329.38
91 Clocks and watches and parts thereof 8.8 0.01 0.0
92 Musical instruments; parts and accessories of such articles 4.8 0.00 13.4-64.18
93 Arms and ammunition; parts and accessories thereof 3.9 0.00 0.0
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 469.6 0.47 407.315.28
95 Toys, games and sports requisites; parts and accessories thereof 184.9 0.19 27.3576.22
96 Miscellaneous manufactured articles 19.2 0.02 6.0220.32

US Imports from Marshall Islands

The major share of US imports from Marshall Islands in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 47.55% of US total imports from Marshall Islands (9.16% in the 2nd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 8.63% of US total imports from Marshall Islands (0.64% in the 2nd quarter of 2016);
  • Chemical products (HS codes 28-40) - 6.01% of US total imports from Marshall Islands (0.86% in the 2nd quarter of 2016).

The largest gains in US imports from Marshall Islands in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $137.1 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $59.3 thousand.

The largest declines in US imports from Marshall Islands in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $966.7 thousand;
  • 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) - a decrease of $58.5 thousand;
  • Plastics and articles thereof (HS code 39) - a decrease of $38.3 thousand.
US imports from Marshall Islands in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q2 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q2 2016
(USD thousand)
Change
in Q2 2017
over Q2 2016
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 1,797.1 46.60 2,763.8-34.98
05 Products of animal origin, not elsewhere specified or included 36.4 0.95 36.9-1.14
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 0.0 0.00 10.3-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 18.9 0.49 11.268.50
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 52.8 1.37 47.311.63
39 Plastics and articles thereof 178.8 4.64 217.1-17.64
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0.0 0.00 5.1-100.00
83 Miscellaneous articles of base metal 0.0 0.00 4.1-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 143.3 3.72 6.22,198.11
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 130.1 3.37 188.6-31.04
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 59.3 1.54 0.0
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce