US trade (export - import) with Palau in 2016

Published or Updated: Apr 29, 2017

The report on US foreign trade in goods with Palau in 2016: exports, imports, balance, product types and groups, dynamics.

US Trade with Palau

In 2016, US trade with Palau totaled $27.0 million, up 2.42% ($0.6 million) from 2015.

US exports to Palau in 2016 were $25.7 million, down 0.23% ($0.1 million) from 2015.

US imports from Palau in 2016 totaled $1.3 million, up 112.35% ($0.7 million) from 2015.

US trade surplus with Palau in 2016 was $24.4 million, a 3.02% decrease ($0.8 million) over 2015.

Palau was the US 181st largest trading partner in 2016 (up from 184th in 2015), accounting for 0.0007% of US total trade (just as in 2015).

Palau was the US 177th largest export market in 2016 (just as in 2015), accounting for 0.0018% of US total exports (up from 0.0017% in 2015).

Palau was the US 201st largest supplier in 2016 (up from 210th in 2015), accounting for 0.0001% of US total imports (up from 0.0000% in 2015).

US Exports to Palau

The major share of US exports to Palau in 2016 (and in 2015) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 41.66% of US total exports to Palau (46.45% in 2015);
  • Machinery, equipment and vehicles (HS codes 84-90) - 29.65% of US total exports to Palau (25.09% in 2015);
  • Wood and wood products (HS codes 44-49) - 5.78% of US total exports to Palau (4.26% in 2015);
  • Chemical products (HS codes 28-40) - 5.24% of US total exports to Palau (6.16% in 2015);
  • Metals and products from them (HS codes 72-83) - 1.04% of US total exports to Palau (1.40% in 2015).

The largest gains in US exports to Palau in 2016 over 2015 were recorded for the following product groups:

  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $1,025.6 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $778.8 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $771.0 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - an increase of $356.8 thousand;
  • Meat and edible meat offal (HS code 02) - an increase of $238.9 thousand;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - an increase of $112.3 thousand;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - an increase of $106.2 thousand.

The largest declines in US exports to Palau in 2016 over 2015 were recorded for the following product groups:

  • Rubber and articles thereof (HS code 40) - a decrease of $845.4 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 $583.7 thousand;
  • Miscellaneous edible preparations (HS code 21) - a decrease of $552.7 thousand;
  • Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - a decrease of $399.1 thousand;
  • Cereals (HS code 10) - a decrease of $235.2 thousand;
  • Miscellaneous manufactured articles (HS code 96) - a decrease of $163.6 thousand;
  • Edible vegetables and certain roots and tubers (HS code 07) - a decrease of $143.3 thousand;
  • Aluminum and articles thereof (HS code 76) - a decrease of $135.1 thousand;
  • Preparations of vegetables, fruit, nuts or other parts of plants (HS code 20) - a decrease of $110.6 thousand;
  • Ships, boats and floating structures (HS code 89) - a decrease of $84.0 thousand.
US exports to Palau in 2016 by product groups
HS
code
Name of product group Value
of exports
in 2016
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2015
(USD thousand)
Change
in 2016
over 2015
(%)
02 Meat and edible meat offal 2,155.9 8.39 1,916.912.46
03 Fish and crustaceans, molluscs and other aquatic invertebrates 284.2 1.11 228.024.63
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 473.9 1.85 546.5-13.28
05 Products of animal origin, not elsewhere specified or included 0.0 0.00 59.0-100.00
07 Edible vegetables and certain roots and tubers 698.7 2.72 842.1-17.02
08 Edible fruit and nuts; peel of citrus fruit or melons 2.9 0.01 0.0
10 Cereals 675.0 2.63 910.2-25.84
11 Products of the milling industry; malt; starches; inulin; wheat gluten 172.8 0.67 189.4-8.76
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 108.9 0.42 169.8-35.87
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 400.6 1.56 799.7-49.91
18 Cocoa and cocoa preparations 119.2 0.46 169.5-29.65
19 Preparations of cereals, flour, starch or milk; bakers’ wares 469.6 1.83 363.429.21
20 Preparations of vegetables, fruit, nuts or other parts of plants 147.4 0.57 258.0-42.86
21 Miscellaneous edible preparations 3,188.4 12.41 3,741.1-14.77
22 Beverages, spirits and vinegar 1,714.1 6.67 1,756.1-2.39
23 Residues and waste from the food industries; prepared animal feed 16.4 0.06 8.397.62
24 Tobacco and manufactured tobacco substitutes 72.7 0.28 0.0
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 0.0 0.00 12.8-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 41.2 0.16 85.3-51.62
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 149.6 0.58 120.424.20
29 Organic chemicals 8.2 0.03 0.0
30 Pharmaceutical products 35.8 0.14 69.7-48.62
31 Fertilizers 0.0 0.00 10.0-100.00
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 0.0 0.00 58.5-100.00
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 118.1 0.46 190.0-37.82
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 92.8 0.36 97.6-4.95
35 Albuminoidal substances; modified starches; glues; enzymes 0.0 0.00 17.6-100.00
37 Photographic or cinematographic goods 2.6 0.01 0.0
38 Miscellaneous chemical products 0.0 0.00 10.2-100.00
39 Plastics and articles thereof 933.5 3.63 162.5474.29
40 Rubber and articles thereof 4.5 0.02 850.0-99.47
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 14.4 0.06 9.061.03
44 Wood and articles of wood; wood charcoal 1,147.6 4.47 790.945.11
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 62.0 0.24 65.0-4.58
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 274.0 1.07 241.613.41
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 12.0 0.05 3.0306.47
57 Carpets and other textile floor coverings 4.3 0.02 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 2.6 0.01 8.7-70.04
62 Articles of apparel and clothing accessories, not knitted or crocheted 112.3 0.44 0.0
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 12.5 0.05 3.1301.67
64 Footwear, gaiters and the like; parts of such articles 2.9 0.01 0.0
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 37.6 0.15 10.4260.02
70 Glass and glassware 14.5 0.06 2.8421.79
72 Iron and steel 0.0 0.00 2.8-100.00
73 Articles of iron or steel 238.0 0.93 185.528.31
76 Aluminum and articles thereof 23.3 0.09 158.4-85.28
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 2.8 0.01 7.8-64.56
83 Miscellaneous articles of base metal 3.3 0.01 4.9-32.76
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 1,533.0 5.97 1,548.2-0.98
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 1,022.6 3.98 1,606.3-36.34
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 1,246.0 4.85 467.2166.71
88 Aircraft, spacecraft, and parts thereof 88.3 0.34 52.468.34
89 Ships, boats and floating structures 263.0 1.02 346.9-24.20
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 3,462.8 13.48 2,437.242.08
91 Clocks and watches and parts thereof 8.4 0.03 2.9194.72
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 85.2 0.33 66.528.05
95 Toys, games and sports requisites; parts and accessories thereof 23.7 0.09 93.2-74.60
96 Miscellaneous manufactured articles 185.9 0.72 349.5-46.80
97 Works of art, collectors’ pieces and antiques 4.4 0.02 0.0
99 Commodities not specified according to kind 3,709.2 14.44 3,637.11.98

US Imports from Palau

The major share of US imports from Palau in 2016 (and in 2015) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 39.32% of US total imports from Palau (26.63% in 2015);
  • Machinery, equipment and vehicles (HS codes 84-90) - 19.32% of US total imports from Palau (6.55% in 2015);
  • Mineral products (HS codes 25-27) - 0.00% of US total imports from Palau (1.11% in 2015).
  • Wood and wood products (HS codes 44-49) - 0.00% of US total imports from Palau (39.09% in 2015).

The largest gains in US imports from Palau in 2016 over 2015 were recorded for the following product groups:

  • Commodities not specified according to kind (HS code 99) - an increase of $340.7 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $314.2 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $227.1 thousand;
  • Live animals (HS code 01) - an increase of $49.1 thousand;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - an increase of $35.6 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 $15.8 thousand.

The largest declines in US imports from Palau in 2016 over the 2015 were recorded for the following product groups:

  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $243.0 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $30.7 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - a decrease of $9.7 thousand;
  • Salt; sulfur; earths and stone; plastering materials, lime and cement (HS code 25) - a decrease of $6.9 thousand.
US imports from Palau in 2016 by product groups
HS
code
Name of product group Value
of imports
in 2016
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2015
USD thousand)
Change
in 2016
over 2015
(%)
01 Live animals 61.2 4.64 12.1404.80
03 Fish and crustaceans, molluscs and other aquatic invertebrates 457.9 34.68 143.7218.59
05 Products of animal origin, not elsewhere specified or included 0.0 0.00 9.7-100.00
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 0.0 0.00 6.9-100.00
44 Wood and articles of wood; wood charcoal 0.0 0.00 243.0-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 2.8 0.21 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 3.7 0.28 34.5-89.16
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 22.1 1.67 6.3252.62
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 2.3 0.17 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 227.1 17.20 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 3.7 0.28 0.0
95 Toys, games and sports requisites; parts and accessories thereof 40.1 3.03 4.4802.43
97 Works of art, collectors’ pieces and antiques 9.4 0.71 11.7-19.79
99 Commodities not specified according to kind 490.1 37.12 149.4228.06
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce