US trade (export - import) with Palau in 2018

Published or Updated: Jun 18, 2019

The report on US foreign trade in goods with Palau in 2018: exports, imports, balance, product types and groups, dynamics.

US Trade with Palau

In 2018, US trade with Palau totaled $22.1 million, up 9.95% ($2.0 million) from 2017.

US exports to Palau in 2018 totaled $20.6 million, up 6.25% ($1.2 million) from 2017.

US imports from Palau in 2018 totaled $1.4 million, up 120.22% ($0.8 million) from 2017.

US trade surplus with Palau in 2018 was $19.2 million, a 2.30% increase ($0.4 million) over 2017.

Palau was the US 190th largest trading partner in 2018 (down from 185th in 2017), accounting for 0.0005% of US total trade (just as in 2017).

Palau was the US 181st largest export market in 2018 (down from 179th in 2017), accounting for 0.0012% of US total exports (down from 0.0013% in 2017).

Palau was the US 198th largest supplier in 2018 (up from 209th in 2017), accounting for 0.0001% of US total imports (up from 0.0000% in 2017).

US Exports to Palau

The major share of US exports to Palau in 2018 (and in 2017) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 46.39% of US total exports to Palau (52.37% in 2017);
  • Machinery, equipment and vehicles (HS codes 84-90) - 18.59% of US total exports to Palau (13.45% in 2017);
  • Wood and wood products (HS codes 44-49) - 9.87% of US total exports to Palau (6.65% in 2017);
  • Chemical products (HS codes 28-40) - 3.82% of US total exports to Palau (2.64% in 2017);
  • Metals and products from them (HS codes 72-83) - 2.24% of US total exports to Palau (1.82% in 2017).

The largest gains in US exports to Palau in 2018 over 2017 were recorded for the following product groups:

  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $661.1 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - an increase of $569.0 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 $345.0 thousand;
  • Meat and edible meat offal (HS code 02) - an increase of $251.8 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $211.7 thousand;
  • Aluminum and articles thereof (HS code 76) - an increase of $211.0 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 $147.3 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $145.6 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $116.8 thousand;
  • Commodities not specified according to kind (HS code 99) - an increase of $105.5 thousand;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - an increase of $96.6 thousand;
  • Miscellaneous manufactured articles (HS code 96) - an increase of $82.8 thousand;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - an increase of $79.2 thousand.

The largest declines in US exports to Palau in 2018 over 2017 were recorded for the following product groups:

  • Miscellaneous edible preparations (HS code 21) - a decrease of $504.9 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 $480.1 thousand;
  • Beverages, spirits and vinegar (HS code 22) - a decrease of $329.5 thousand;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $158.7 thousand;
  • Articles of iron or steel (HS code 73) - a decrease of $94.6 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $86.3 thousand;
  • Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) (HS code 42) - a decrease of $79.4 thousand.
US exports to Palau in 2018 by product groups
HS
code
Name of product group Value
of exports
in 2018
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2017
(USD thousand)
Change
in 2018
over 2017
(%)
02 Meat and edible meat offal 3,557.1 17.23 3,305.37.62
03 Fish and crustaceans, molluscs and other aquatic invertebrates 265.8 1.29 316.2-15.93
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 572.6 2.77 517.910.57
07 Edible vegetables and certain roots and tubers 801.7 3.88 776.23.29
10 Cereals 398.7 1.93 445.2-10.44
11 Products of the milling industry; malt; starches; inulin; wheat gluten 101.2 0.49 99.02.25
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 54.3 0.26 83.7-35.08
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 128.1 0.62 118.28.32
18 Cocoa and cocoa preparations 54.9 0.27 50.29.33
19 Preparations of cereals, flour, starch or milk; bakers’ wares 477.1 2.31 453.35.24
20 Preparations of vegetables, fruit, nuts or other parts of plants 96.7 0.47 106.0-8.79
21 Miscellaneous edible preparations 1,789.3 8.67 2,294.2-22.01
22 Beverages, spirits and vinegar 1,281.6 6.21 1,611.1-20.45
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 16.5 0.08 175.2-90.59
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 238.8 1.16 91.5161.03
29 Organic chemicals 12.5 0.06 23.3-46.40
30 Pharmaceutical products 21.6 0.10 38.1-43.38
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 9.8 0.05 43.4-77.30
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 7.9 0.04 2.7188.90
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 105.0 0.51 98.46.76
38 Miscellaneous chemical products 81.5 0.39 69.018.11
39 Plastics and articles thereof 283.4 1.37 137.7105.72
40 Rubber and articles thereof 28.0 0.14 8.1246.32
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 5.7 0.03 85.1-93.29
43 Furskins and artificial fur; manufactures thereof 0.0 0.00 20.3-100.00
44 Wood and articles of wood; wood charcoal 1,361.4 6.59 792.571.80
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 226.8 1.10 130.274.18
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 449.5 2.18 370.321.38
57 Carpets and other textile floor coverings 7.2 0.03 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 0.0 0.00 5.2-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 6.0 0.03 0.0
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 13.9 0.07 3.5302.51
64 Footwear, gaiters and the like; parts of such articles 2.6 0.01 0.0
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 15.4 0.07 66.8-77.02
69 Ceramic products 0.0 0.00 3.5-100.00
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 16.2 0.08 4.1296.54
72 Iron and steel 0.0 0.00 24.1-100.00
73 Articles of iron or steel 179.3 0.87 273.8-34.54
74 Copper and articles thereof 0.0 0.00 8.8-100.00
76 Aluminum and articles thereof 252.2 1.22 41.2512.62
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 30.9 0.15 0.0
83 Miscellaneous articles of base metal 0.0 0.00 5.9-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 748.9 3.63 835.2-10.34
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 884.5 4.28 539.563.94
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 1,122.0 5.43 460.9143.44
88 Aircraft, spacecraft, and parts thereof 200.7 0.97 83.8139.41
89 Ships, boats and floating structures 18.5 0.09 41.7-55.60
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 864.3 4.19 652.632.43
91 Clocks and watches and parts thereof 7.4 0.04 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 578.9 2.80 1,058.9-45.33
95 Toys, games and sports requisites; parts and accessories thereof 36.9 0.18 10.4254.91
96 Miscellaneous manufactured articles 295.5 1.43 212.638.96
97 Works of art, collectors’ pieces and antiques 0.0 0.00 3.8-100.00
99 Commodities not specified according to kind 2,939.5 14.24 2,834.03.72

US Imports from Palau

The major share of US imports from Palau in 2018 (and in 2017) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 43.08% of US total imports from Palau (17.65% in 2017);
  • Food products and agricultural raw materials (HS codes 01-24) - 37.65% of US total imports from Palau (56.73% in 2017);
  • Wood and wood products (HS codes 44-49) - 0.00% of US total imports from Palau (1.71% in 2017).

The largest gains in US imports from Palau in 2018 over 2017 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $479.6 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $190.1 thousand;
  • Commodities not specified according to kind (HS code 99) - an increase of $125.1 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 $23.0 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - an increase of $8.4 thousand.

The largest declines in US imports from Palau in 2018 over the 2017 were recorded for the following product groups:

  • Live animals (HS code 01) - a decrease of $28.0 thousand;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - a decrease of $11.2 thousand;
  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $8.3 thousand.
US imports from Palau in 2018 by product groups
HS
code
Name of product group Value
of imports
in 2018
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2017
USD thousand)
Change
in 2018
over 2017
(%)
01 Live animals 8.0 0.56 35.9-77.84
03 Fish and crustaceans, molluscs and other aquatic invertebrates 505.7 35.28 315.660.22
05 Products of animal origin, not elsewhere specified or included 26.1 1.82 17.747.21
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 0.0 0.00 11.2-100.00
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 3.6 0.25 0.0
73 Articles of iron or steel 3.2 0.23 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 588.8 41.08 109.2439.22
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 28.7 2.00 5.7407.34
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 2.4 0.17 5.5-56.68
97 Works of art, collectors’ pieces and antiques 24.2 1.69 32.5-25.51
99 Commodities not specified according to kind 242.7 16.93 117.6106.44
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce