US trade with Micronesia in the 2nd quarter of 2017

Published or Updated: Sep 02, 2017

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

US Trade with Micronesia

In the 2nd quarter of 2017, US trade with Micronesia was $11.7 million, down 3.66% ($0.4 million) from the 2nd quarter of 2016.

US exports to Micronesia in the 2nd quarter of 2017 were $11.5 million, down 4.21% ($0.5 million) from the 2nd quarter of 2016.

US imports from Micronesia in the 2nd quarter of 2017 totaled $0.2 million, up 50.77% ($0.1 million) from the 2nd quarter of 2016.

US trade surplus with Micronesia in the 2nd quarter of 2017 was $11.3 million, a 4.78% decrease ($0.6 million) over the 2nd quarter of 2016.

Micronesia was the US 175th largest trading partner in the 2nd quarter of 2017 (down from 173rd in the 2nd quarter of 2016), accounting for 0.0012% of US total trade (down from 0.0013% in the 2nd quarter of 2016).

Micronesia was the US 160th largest export market in the 2nd quarter of 2017 (down from 159th in the 2nd quarter of 2016), accounting for 0.0030% of US total exports (down from 0.0033% in the 2nd quarter of 2016).

Micronesia was the US 206th largest supplier in the 2nd quarter of 2017 (up from 208th in the 2nd quarter of 2016), accounting for 0.0000% of US total imports (just as in the 2nd quarter of 2016).

US Exports to Micronesia

The major share of US exports to Micronesia 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) - 52.49% of US total exports to Micronesia (41.40% in the 2nd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 8.79% of US total exports to Micronesia (32.72% in the 2nd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 4.61% of US total exports to Micronesia (1.26% in the 2nd quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 3.01% of US total exports to Micronesia (4.72% in the 2nd quarter of 2016);
  • Chemical products (HS codes 28-40) - 2.79% of US total exports to Micronesia (1.91% in the 2nd quarter of 2016);
  • Mineral products (HS codes 25-27) - 1.59% of US total exports to Micronesia (1.01% in the 2nd quarter of 2016).

The largest gains in US exports to Micronesia in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - an increase of $531.9 thousand;
  • Cereals (HS code 10) - an increase of $316.5 thousand;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $304.7 thousand;
  • Articles of iron or steel (HS code 73) - an increase of $275.4 thousand;
  • Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - an increase of $173.7 thousand;
  • Iron and steel (HS code 72) - an increase of $165.2 thousand;
  • Edible fruit and nuts; peel of citrus fruit or melons (HS code 08) - an increase of $99.8 thousand;
  • Preparations of vegetables, fruit, nuts or other parts of plants (HS code 20) - an increase of $85.5 thousand;
  • Meat and edible meat offal (HS code 02) - an increase of $81.5 thousand;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - an increase of $78.3 thousand;
  • Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin (HS code 71) - an increase of $61.4 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $58.9 thousand;
  • Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics (HS code 32) - an increase of $58.2 thousand;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $52.2 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $45.4 thousand;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - an increase of $45.1 thousand;
  • Residues and waste from the food industries; prepared animal feed (HS code 23) - an increase of $35.4 thousand.

The largest declines in US exports to Micronesia 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) - a decrease of $2,347.8 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $595.2 thousand;
  • Tobacco and manufactured tobacco substitutes (HS code 24) - a decrease of $132.5 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $118.8 thousand;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - a decrease of $104.7 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $76.4 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) - a decrease of $63.0 thousand.
US exports to Micronesia 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 1,395.2 12.12 1,313.76.21
03 Fish and crustaceans, molluscs and other aquatic invertebrates 9.7 0.08 27.6-64.98
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 181.5 1.58 103.375.78
08 Edible fruit and nuts; peel of citrus fruit or melons 114.6 1.00 14.8674.66
09 Coffee, tea, maté and spices 13.3 0.12 0.0
10 Cereals 1,325.7 11.52 1,009.231.36
11 Products of the milling industry; malt; starches; inulin; wheat gluten 70.6 0.61 64.88.82
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 44.9 0.39 22.897.38
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 608.7 5.29 435.039.93
17 Sugars and sugar confectionery 4.4 0.04 0.0
18 Cocoa and cocoa preparations 9.2 0.08 26.0-64.69
19 Preparations of cereals, flour, starch or milk; bakers’ wares 160.9 1.40 115.838.94
20 Preparations of vegetables, fruit, nuts or other parts of plants 113.5 0.99 28.0305.68
21 Miscellaneous edible preparations 688.3 5.98 720.7-4.50
22 Beverages, spirits and vinegar 996.3 8.65 691.644.05
23 Residues and waste from the food industries; prepared animal feed 212.9 1.85 177.519.94
24 Tobacco and manufactured tobacco substitutes 92.3 0.80 224.8-58.94
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 18.2 0.16 8.4117.10
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 165.0 1.43 112.846.22
30 Pharmaceutical products 33.7 0.29 0.0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 179.3 1.56 121.248.01
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 40.0 0.35 17.8124.34
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 15.0 0.13 8.871.75
38 Miscellaneous chemical products 2.8 0.02 2.72.76
39 Plastics and articles thereof 50.6 0.44 65.0-22.22
40 Rubber and articles thereof 0.0 0.00 13.7-100.00
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 3.6 0.03 2.543.19
44 Wood and articles of wood; wood charcoal 301.5 2.62 420.3-28.26
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 15.7 0.14 13.317.64
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 29.1 0.25 133.8-78.24
61 Articles of apparel and clothing accessories, knitted or crocheted 10.7 0.09 14.9-28.38
62 Articles of apparel and clothing accessories, not knitted or crocheted 6.4 0.06 10.5-38.74
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 41.8 0.36 26.160.14
64 Footwear, gaiters and the like; parts of such articles 0.0 0.00 14.6-100.00
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 0.0 0.00 13.0-100.00
70 Glass and glassware 10.6 0.09 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 64.0 0.56 2.62,409.22
72 Iron and steel 165.2 1.43 0.0
73 Articles of iron or steel 355.3 3.09 79.9344.90
74 Copper and articles thereof 0.0 0.00 20.6-100.00
76 Aluminum and articles thereof 6.9 0.06 17.7-60.99
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0.0 0.00 28.6-100.00
83 Miscellaneous articles of base metal 2.9 0.03 4.4-33.56
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 258.2 2.24 853.5-69.74
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 324.2 2.82 2,672.0-87.87
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 9.5 0.08 0.0
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 239.1 2.08 315.4-24.21
88 Aircraft, spacecraft, and parts thereof 73.9 0.64 15.0392.13
89 Ships, boats and floating structures 0.0 0.00 14.9-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 106.4 0.92 61.074.43
91 Clocks and watches and parts thereof 3.8 0.03 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 93.3 0.81 156.3-40.31
95 Toys, games and sports requisites; parts and accessories thereof 582.9 5.06 51.01,042.60
96 Miscellaneous manufactured articles 5.4 0.05 7.8-30.67

US Imports from Micronesia

The major share of US imports from Micronesia 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) - 41.03% of US total imports from Micronesia (87.61% in the 2nd quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 32.70% of US total imports from Micronesia (0.00% in the 2nd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 8.58% of US total imports from Micronesia (0.00% in the 2nd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 2.39% of US total imports from Micronesia (2.54% in the 2nd quarter of 2016).

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

  • Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork (HS code 46) - an increase of $60.1 thousand;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - an increase of $12.7 thousand;
  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $9.0 thousand;
  • Coffee, tea, maté and spices (HS code 09) - an increase of $4.4 thousand;
  • Footwear, gaiters and the like; parts of such articles (HS code 64) - an increase of $3.1 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) - an increase of $1.3 thousand.

The largest declines in US imports from Micronesia 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 $21.3 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - a decrease of $14.5 thousand.
US imports from Micronesia 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 22.3 12.11 43.5-48.84
05 Products of animal origin, not elsewhere specified or included 48.7 26.52 63.3-22.98
09 Coffee, tea, maté and spices 4.4 2.40 0.0
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 60.1 32.70 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 12.7 6.89 0.0
64 Footwear, gaiters and the like; parts of such articles 3.1 1.69 0.0
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 4.4 2.39 3.141.94
97 Works of art, collectors’ pieces and antiques 9.0 4.92 0.0
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce