US trade with Marshall Islands in the first half of 2017

Published or Updated: Oct 20, 2017

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

US Trade with Marshall Islands

In the first half of 2017, US trade with Marshall Islands totaled $387.7 million, up 99.65% ($193.5 million) from the first half of 2016.

US exports to Marshall Islands in the first half of 2017 totaled $379.5 million, up 136.78% ($219.2 million) from the first half of 2016.

US imports from Marshall Islands in the first half of 2017 were $8.2 million, down 75.73% ($25.7 million) from the first half of 2016.

US trade surplus with Marshall Islands in the first half of 2017 was $371.3 million, a 193.86% increase ($244.9 million) over the first half of 2016.

Marshall Islands was the US 101st largest trading partner in the first half of 2017 (up from 116th in the first half of 2016), accounting for 0.0201% of US total trade (up from 0.0108% in the first half of 2016).

Marshall Islands was the US 86th largest export market in the first half of 2017 (up from 102nd in the first half of 2016), accounting for 0.0501% of US total exports (up from 0.0225% in the first half of 2016).

Marshall Islands was the US 158th largest supplier in the first half of 2017 (down from 130th in the first half of 2016), accounting for 0.0007% of US total imports (down from 0.0031% in the first half of 2016).

US Exports to Marshall Islands

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

  • Machinery, equipment and vehicles (HS codes 84-90) - 73.76% of US total exports to Marshall Islands (20.99% in the first half of 2016);
  • Mineral products (HS codes 25-27) - 5.70% of US total exports to Marshall Islands (46.23% in the first half of 2016);
  • Metals and products from them (HS codes 72-83) - 4.81% of US total exports to Marshall Islands (14.15% in the first half of 2016);
  • Chemical products (HS codes 28-40) - 2.29% of US total exports to Marshall Islands (1.16% in the first half of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 2.05% of US total exports to Marshall Islands (4.53% in the first half of 2016).

The largest gains in US exports to Marshall Islands in the first half of 2017 over the first half 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 $210,935.4 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $25,234.5 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 $6,625.2 thousand;
  • Salt; sulfur; earths and stone; plastering materials, lime and cement (HS code 25) - an increase of $3,267.1 thousand;
  • Miscellaneous chemical products (HS code 38) - an increase of $2,456.6 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 $2,310.8 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $2,155.4 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $2,149.5 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $1,422.3 thousand.

The largest declines in US exports to Marshall Islands in the first half of 2017 over the first half 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 $55,714.8 thousand;
  • Iron and steel (HS code 72) - a decrease of $2,248.3 thousand;
  • Articles of iron or steel (HS code 73) - a decrease of $1,804.1 thousand.
US exports to Marshall Islands in the first half of 2017 by product groups
HS
code
Name of product group Value
of exports
in first-half 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in first-half 2016
(USD thousand)
Change
in first-half 2017
over first-half 2016
(%)
02 Meat and edible meat offal 1,563.8 0.41 1,308.619.50
03 Fish and crustaceans, molluscs and other aquatic invertebrates 56.7 0.01 24.5131.09
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 136.8 0.04 203.9-32.91
05 Products of animal origin, not elsewhere specified or included 30.0 0.01 0.0
07 Edible vegetables and certain roots and tubers 0.0 0.00 7.1-100.00
09 Coffee, tea, maté and spices 28.9 0.01 52.5-44.92
10 Cereals 246.8 0.07 89.7175.19
11 Products of the milling industry; malt; starches; inulin; wheat gluten 36.5 0.01 33.97.72
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 3.2 0.00 4.5-28.72
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 68.4 0.02 95.2-28.12
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 387.4 0.10 265.345.99
17 Sugars and sugar confectionery 33.6 0.01 7.7338.73
18 Cocoa and cocoa preparations 68.0 0.02 35.790.61
19 Preparations of cereals, flour, starch or milk; bakers’ wares 2,076.0 0.55 2,203.5-5.79
20 Preparations of vegetables, fruit, nuts or other parts of plants 23.6 0.01 8.7169.84
21 Miscellaneous edible preparations 1,895.4 0.50 1,973.2-3.95
22 Beverages, spirits and vinegar 557.4 0.15 703.0-20.70
24 Tobacco and manufactured tobacco substitutes 570.0 0.15 239.8137.74
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 4,222.6 1.11 955.5341.92
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 17,420.7 4.59 73,135.4-76.18
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 3,162.4 0.83 851.6271.34
29 Organic chemicals 104.9 0.03 2.73,732.10
30 Pharmaceutical products 79.8 0.02 163.1-51.09
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 194.6 0.05 195.7-0.57
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 84.2 0.02 77.78.41
35 Albuminoidal substances; modified starches; glues; enzymes 0.0 0.00 34.5-100.00
37 Photographic or cinematographic goods 9.0 0.00 0.0
38 Miscellaneous chemical products 2,550.2 0.67 93.62,625.87
39 Plastics and articles thereof 2,454.1 0.65 304.6705.57
40 Rubber and articles thereof 40.3 0.01 135.5-70.26
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 23.8 0.01 9.2159.97
44 Wood and articles of wood; wood charcoal 588.6 0.16 771.8-23.74
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 316.6 0.08 176.079.95
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 75.3 0.02 424.6-82.26
54 Man-made filaments 17.5 0.00 4.0336.73
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 26.7 0.01 2.5947.43
57 Carpets and other textile floor coverings 6.6 0.00 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 116.4 0.03 52.3122.40
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.0 0.00 10.1-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 24.7 0.01 959.5-97.42
64 Footwear, gaiters and the like; parts of such articles 43.2 0.01 32.632.46
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 79.5 0.02 207.6-61.70
69 Ceramic products 42.3 0.01 4.1933.38
70 Glass and glassware 195.9 0.05 35.9445.52
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 12.0 0.00 0.0
72 Iron and steel 451.1 0.12 2,699.4-83.29
73 Articles of iron or steel 16,661.3 4.39 18,465.3-9.77
74 Copper and articles thereof 120.5 0.03 218.1-44.74
76 Aluminum and articles thereof 108.7 0.03 393.5-72.39
79 Zinc and articles thereof 36.9 0.01 18.698.93
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 683.5 0.18 184.4270.73
83 Miscellaneous articles of base metal 181.8 0.05 692.9-73.76
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 37,947.1 10.00 12,712.6198.50
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 213,739.6 56.32 2,804.27,522.07
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 22,683.5 5.98 16,058.341.26
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 396.5 0.10 506.2-21.67
88 Aircraft, spacecraft, and parts thereof 3,506.6 0.92 1,351.2159.52
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 1,637.4 0.43 215.1661.14
91 Clocks and watches and parts thereof 8.8 0.00 6.145.25
92 Musical instruments; parts and accessories of such articles 4.8 0.00 19.6-75.59
93 Arms and ammunition; parts and accessories thereof 3.9 0.00 11.0-64.96
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 583.3 0.15 543.17.40
95 Toys, games and sports requisites; parts and accessories thereof 184.9 0.05 27.3576.22
96 Miscellaneous manufactured articles 19.2 0.01 6.0220.32

US Imports from Marshall Islands

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

  • Food products and agricultural raw materials (HS codes 01-24) - 49.68% of US total imports from Marshall Islands (13.60% in the first half of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 12.40% of US total imports from Marshall Islands (0.81% in the first half of 2016);
  • Chemical products (HS codes 28-40) - 4.78% of US total imports from Marshall Islands (0.90% in the first half of 2016).

The largest gains in US imports from Marshall Islands in the first half of 2017 over the first half 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 $494.7 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $140.8 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;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $113.7 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $78.8 thousand.

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

  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $522.2 thousand.
US imports from Marshall Islands in the first half of 2017 by product groups
HS
code
Name of product group Value
of imports
in first-half 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in first-half 2016
(USD thousand)
Change
in first-half 2017
over first-half 2016
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 4,015.9 48.76 4,538.0-11.51
05 Products of animal origin, not elsewhere specified or included 75.4 0.92 76.2-0.97
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 0.23 15.422.93
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 98.0 1.19 87.312.26
39 Plastics and articles thereof 295.9 3.59 217.136.27
73 Articles of iron or steel 0.0 0.00 2.1-100.00
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 156.4 1.90 15.6904.88
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 751.4 9.12 256.7192.71
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 113.7 1.38 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 1.43 0.0
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce