US trade (export - import) with Palau in 2015

Published or Updated: Apr 04, 2017

The report on US foreign trade in goods with Palau in 2015: exports, imports, balance, product types and groups, dynamics.

US Trade with Palau

In 2015, US trade with Palau totaled $26.4 million, up 24.86% ($5.2 million) from 2014.

US exports to Palau in 2015 totaled $25.7 million, up 25.45% ($5.2 million) from 2014.

US imports from Palau in 2015 totaled $0.6 million, up 4.45% ($0.0 million) from 2014.

US trade surplus with Palau in 2015 was $25.1 million, a 26.08% increase ($5.2 million) over 2014.

Palau was the US 184th largest trading partner in 2015 (up from 189th in 2014), accounting for 0.0007% of US total trade (up from 0.0005% in 2014).

Palau was the US 177th largest export market in 2015 (up from 185th in 2014), accounting for 0.0017% of US total exports (up from 0.0013% in 2014).

Palau was the US 210th largest supplier in 2015 (down from 202nd in 2014), accounting for 0.0000% of US total imports (just as in 2014).

US Exports to Palau

The major share of US exports to Palau in 2015 (and in 2014) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 46.45% of US total exports to Palau (52.83% in 2014);
  • Machinery, equipment and vehicles (HS codes 84-90) - 25.09% of US total exports to Palau (20.88% in 2014);
  • Chemical products (HS codes 28-40) - 6.16% of US total exports to Palau (1.83% in 2014);
  • Wood and wood products (HS codes 44-49) - 4.26% of US total exports to Palau (7.00% in 2014);
  • Metals and products from them (HS codes 72-83) - 1.40% of US total exports to Palau (1.13% in 2014).

The largest gains in US exports to Palau in 2015 over 2014 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $1,101.2 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $887.5 thousand;
  • Rubber and articles thereof (HS code 40) - an increase of $850.0 thousand;
  • Commodities not specified according to kind (HS code 99) - an increase of $705.4 thousand;
  • Meat and edible meat offal (HS code 02) - an increase of $519.9 thousand;
  • Miscellaneous edible preparations (HS code 21) - an increase of $517.8 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 $498.6 thousand;
  • Miscellaneous manufactured articles (HS code 96) - an increase of $179.2 thousand;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - an increase of $172.7 thousand;
  • Ships, boats and floating structures (HS code 89) - an increase of $159.7 thousand;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - an increase of $140.0 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $100.3 thousand;
  • Aluminum and articles thereof (HS code 76) - an increase of $88.1 thousand.

The largest declines in US exports to Palau in 2015 over 2014 were recorded for the following product groups:

  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $339.6 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $192.0 thousand;
  • Edible vegetables and certain roots and tubers (HS code 07) - a decrease of $186.1 thousand;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - a decrease of $158.4 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $134.8 thousand;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - a decrease of $115.8 thousand;
  • Cereals (HS code 10) - a decrease of $87.9 thousand.
US exports to Palau in 2015 by product groups
HS
code
Name of product group Value
of exports
in 2015
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2014
(USD thousand)
Change
in 2015
over 2014
(%)
02 Meat and edible meat offal 1,916.9 7.45 1,397.037.22
03 Fish and crustaceans, molluscs and other aquatic invertebrates 228.0 0.89 177.728.31
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 546.5 2.12 406.534.43
05 Products of animal origin, not elsewhere specified or included 59.0 0.23 0.0
07 Edible vegetables and certain roots and tubers 842.1 3.27 1,028.2-18.10
10 Cereals 910.2 3.54 998.1-8.81
11 Products of the milling industry; malt; starches; inulin; wheat gluten 189.4 0.74 119.059.19
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 169.8 0.66 112.850.51
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 799.7 3.11 744.27.46
17 Sugars and sugar confectionery 0.0 0.00 9.5-100.00
18 Cocoa and cocoa preparations 169.5 0.66 113.948.81
19 Preparations of cereals, flour, starch or milk; bakers’ wares 363.4 1.41 479.3-24.17
20 Preparations of vegetables, fruit, nuts or other parts of plants 258.0 1.00 204.726.05
21 Miscellaneous edible preparations 3,741.1 14.53 3,223.316.06
22 Beverages, spirits and vinegar 1,756.1 6.82 1,817.9-3.40
23 Residues and waste from the food industries; prepared animal feed 8.3 0.03 9.9-16.19
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 12.8 0.05 0.0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 85.3 0.33 89.5-4.79
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 120.4 0.47 162.1-25.69
30 Pharmaceutical products 69.7 0.27 18.2283.13
31 Fertilizers 10.0 0.04 9.37.02
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 58.5 0.23 6.8764.42
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 190.0 0.74 17.21,001.85
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 97.6 0.38 100.3-2.66
35 Albuminoidal substances; modified starches; glues; enzymes 17.6 0.07 0.0
38 Miscellaneous chemical products 10.2 0.04 0.0
39 Plastics and articles thereof 162.5 0.63 62.2161.27
40 Rubber and articles thereof 850.0 3.30 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 9.0 0.03 27.4-67.32
44 Wood and articles of wood; wood charcoal 790.9 3.07 982.9-19.53
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 65.0 0.25 54.120.28
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 241.6 0.94 400.0-39.60
54 Man-made filaments 0.0 0.00 3.8-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 3.0 0.01 0.0
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 0.0 0.00 5.2-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 8.7 0.03 9.8-10.92
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 3.1 0.01 2.522.45
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 10.4 0.04 2.6298.93
70 Glass and glassware 2.8 0.01 0.0
72 Iron and steel 2.8 0.01 0.0
73 Articles of iron or steel 185.5 0.72 139.233.20
74 Copper and articles thereof 0.0 0.00 6.0-100.00
76 Aluminum and articles thereof 158.4 0.62 70.3125.30
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 7.8 0.03 0.0
83 Miscellaneous articles of base metal 4.9 0.02 17.1-71.41
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 1,548.2 6.01 446.9246.39
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 1,606.3 6.24 1,107.745.01
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 467.2 1.81 602.0-22.40
88 Aircraft, spacecraft, and parts thereof 52.4 0.20 392.1-86.63
89 Ships, boats and floating structures 346.9 1.35 187.285.32
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 2,437.2 9.47 1,549.757.27
91 Clocks and watches and parts thereof 2.9 0.01 0.0
93 Arms and ammunition; parts and accessories thereof 0.0 0.00 11.7-100.00
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 66.5 0.26 34.095.82
95 Toys, games and sports requisites; parts and accessories thereof 93.2 0.36 40.5130.02
96 Miscellaneous manufactured articles 349.5 1.36 170.3105.18
97 Works of art, collectors’ pieces and antiques 0.0 0.00 19.0-100.00
99 Commodities not specified according to kind 3,637.1 14.13 2,931.724.06

US Imports from Palau

The major share of US imports from Palau in 2015 (and in 2014) was accounted for the following product types:

  • Wood and wood products (HS codes 44-49) - 39.09% of US total imports from Palau (18.31% in 2014);
  • Food products and agricultural raw materials (HS codes 01-24) - 26.63% of US total imports from Palau (17.07% in 2014);
  • Machinery, equipment and vehicles (HS codes 84-90) - 6.55% of US total imports from Palau (13.67% in 2014);
  • Mineral products (HS codes 25-27) - 1.11% of US total imports from Palau (0.00% in 2014).

The largest gains in US imports from Palau in 2015 over 2014 were recorded for the following product groups:

  • Wood and articles of wood; wood charcoal (HS code 44) - an increase of $134.0 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $42.1 thousand;
  • Commodities not specified according to kind (HS code 99) - an increase of $26.3 thousand;
  • Live animals (HS code 01) - an increase of $12.1 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - an increase of $9.7 thousand;
  • Salt; sulfur; earths and stone; plastering materials, lime and cement (HS code 25) - an increase of $6.9 thousand;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - an increase of $4.4 thousand.

The largest declines in US imports from Palau in 2015 over the 2014 were recorded for the following product groups:

  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $165.1 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $30.8 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 $9.8 thousand;
  • Miscellaneous articles of base metal (HS code 83) - a decrease of $3.4 thousand.
US imports from Palau in 2015 by product groups
HS
code
Name of product group Value
of imports
in 2015
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2014
USD thousand)
Change
in 2015
over 2014
(%)
01 Live animals 12.1 1.95 0.0
03 Fish and crustaceans, molluscs and other aquatic invertebrates 143.7 23.12 101.641.48
05 Products of animal origin, not elsewhere specified or included 9.7 1.56 0.0
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 6.9 1.11 0.0
44 Wood and articles of wood; wood charcoal 243.0 39.09 109.0122.94
83 Miscellaneous articles of base metal 0.0 0.00 3.4-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 34.5 5.55 65.3-47.20
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 6.3 1.01 16.0-61.00
95 Toys, games and sports requisites; parts and accessories thereof 4.4 0.71 0.0
97 Works of art, collectors’ pieces and antiques 11.7 1.88 176.8-93.38
99 Commodities not specified according to kind 149.4 24.03 123.121.35
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce