US trade with Palau in the first half of 2017

Published or Updated: Oct 20, 2017

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

US Trade with Palau

In the first half of 2017, US trade with Palau was $8.9 million, down 36.51% ($5.1 million) from the first half of 2016.

US exports to Palau in the first half of 2017 were $8.7 million, down 36.49% ($5.0 million) from the first half of 2016.

US imports from Palau in the first half of 2017 were $0.2 million, down 37.20% ($0.1 million) from the first half of 2016.

US trade surplus with Palau in the first half of 2017 was $8.4 million, a 36.47% decrease ($4.8 million) over the first half of 2016.

Palau was the US 186th largest trading partner in the first half of 2017 (down from 184th in the first half of 2016), accounting for 0.0005% of US total trade (down from 0.0008% in the first half of 2016).

Palau was the US 179th largest export market in the first half of 2017 (down from 174th in the first half of 2016), accounting for 0.0011% of US total exports (down from 0.0019% in the first half of 2016).

Palau was the US 210th largest supplier in the first half of 2017 (down from 207th in the first half of 2016), accounting for 0.0000% of US total imports (just as in the first half of 2016).

US Exports to Palau

The major share of US exports to Palau 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) - 57.49% of US total exports to Palau (40.40% in the first half of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 14.37% of US total exports to Palau (34.36% in the first half of 2016);
  • Wood and wood products (HS codes 44-49) - 5.91% of US total exports to Palau (5.05% in the first half of 2016);
  • Chemical products (HS codes 28-40) - 3.49% of US total exports to Palau (2.70% in the first half of 2016);
  • Metals and products from them (HS codes 72-83) - 1.05% of US total exports to Palau (0.99% in the first half of 2016).

The largest gains in US exports to Palau in the first half of 2017 over the first half of 2016 were recorded for the following product groups:

  • Meat and edible meat offal (HS code 02) - an increase of $500.8 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $107.9 thousand;
  • Edible vegetables and certain roots and tubers (HS code 07) - an increase of $58.4 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $51.9 thousand;
  • Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics (HS code 32) - an increase of $40.5 thousand;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $38.5 thousand;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - an increase of $31.7 thousand;
  • Miscellaneous manufactured articles (HS code 96) - an increase of $30.0 thousand.

The largest declines in US exports to Palau in the first half of 2017 over the first half of 2016 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) - a decrease of $2,223.4 thousand;
  • Miscellaneous edible preparations (HS code 21) - a decrease of $686.7 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $545.5 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $401.7 thousand;
  • Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - a decrease of $258.4 thousand;
  • Ships, boats and floating structures (HS code 89) - a decrease of $218.3 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $188.5 thousand;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - a decrease of $98.9 thousand;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - a decrease of $88.1 thousand;
  • Cereals (HS code 10) - a decrease of $85.3 thousand;
  • Products of the milling industry; malt; starches; inulin; wheat gluten (HS code 11) - a decrease of $73.8 thousand;
  • Articles of iron or steel (HS code 73) - a decrease of $70.8 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 $44.0 thousand;
  • Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - a decrease of $42.5 thousand;
  • Preparations of vegetables, fruit, nuts or other parts of plants (HS code 20) - a decrease of $41.1 thousand;
  • Tobacco and manufactured tobacco substitutes (HS code 24) - a decrease of $37.4 thousand;
  • Pharmaceutical products (HS code 30) - a decrease of $29.7 thousand.
US exports to Palau 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 1,478.6 17.05 977.951.21
03 Fish and crustaceans, molluscs and other aquatic invertebrates 179.4 2.07 71.5150.99
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 290.9 3.36 259.212.25
07 Edible vegetables and certain roots and tubers 420.9 4.85 362.616.10
10 Cereals 295.0 3.40 380.2-22.43
11 Products of the milling industry; malt; starches; inulin; wheat gluten 44.0 0.51 117.8-62.65
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 54.7 0.63 73.6-25.76
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 76.1 0.88 334.5-77.26
18 Cocoa and cocoa preparations 20.6 0.24 39.0-47.26
19 Preparations of cereals, flour, starch or milk; bakers’ wares 213.7 2.47 205.34.13
20 Preparations of vegetables, fruit, nuts or other parts of plants 45.6 0.53 86.7-47.41
21 Miscellaneous edible preparations 1,158.8 13.36 1,845.5-37.21
22 Beverages, spirits and vinegar 706.3 8.15 715.1-1.23
23 Residues and waste from the food industries; prepared animal feed 0.0 0.00 8.7-100.00
24 Tobacco and manufactured tobacco substitutes 0.0 0.00 37.4-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 44.2 0.51 5.7670.19
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 72.9 0.84 115.4-36.83
29 Organic chemicals 23.3 0.27 8.2184.06
30 Pharmaceutical products 0.0 0.00 29.7-100.00
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 40.5 0.47 0.0
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 2.7 0.03 101.7-97.31
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 46.8 0.54 53.4-12.30
38 Miscellaneous chemical products 5.0 0.06 0.0
39 Plastics and articles thereof 111.5 1.29 59.687.00
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 4.1 0.05 5.7-29.05
43 Furskins and artificial fur; manufactures thereof 20.3 0.23 0.0
44 Wood and articles of wood; wood charcoal 346.4 4.00 535.0-35.24
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 39.7 0.46 31.326.87
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 126.5 1.46 123.32.62
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0.0 0.00 2.8-100.00
57 Carpets and other textile floor coverings 0.0 0.00 4.3-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 5.2 0.06 2.698.81
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.0 0.00 88.1-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 0.0 0.00 12.5-100.00
64 Footwear, gaiters and the like; parts of such articles 0.0 0.00 2.9-100.00
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 4.5 0.05 8.9-49.54
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 4.1 0.05 0.0
72 Iron and steel 24.1 0.28 0.0
73 Articles of iron or steel 47.9 0.55 118.8-59.63
74 Copper and articles thereof 8.8 0.10 0.0
76 Aluminum and articles thereof 4.4 0.05 13.3-66.81
83 Miscellaneous articles of base metal 5.9 0.07 3.378.27
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 513.7 5.93 915.5-43.88
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 331.1 3.82 375.1-11.72
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 45.0 0.52 590.5-92.38
88 Aircraft, spacecraft, and parts thereof 67.0 0.77 79.1-15.35
89 Ships, boats and floating structures 41.7 0.48 260.0-83.95
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 247.5 2.85 2,470.9-89.99
91 Clocks and watches and parts thereof 0.0 0.00 5.8-100.00
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 51.2 0.59 50.12.18
95 Toys, games and sports requisites; parts and accessories thereof 7.3 0.08 23.7-69.14
96 Miscellaneous manufactured articles 130.0 1.50 100.030.06
97 Works of art, collectors’ pieces and antiques 3.8 0.04 4.4-13.19

US Imports from Palau

The major share of US imports from Palau 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) - 39.66% of US total imports from Palau (16.21% in the first half of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 25.00% of US total imports from Palau (60.28% in the first half of 2016);
  • Wood and wood products (HS codes 44-49) - 4.64% of US total imports from Palau (0.00% in the first half of 2016).

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

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $56.4 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $35.3 thousand;
  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $28.5 thousand;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - an increase of $11.2 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 $5.5 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - an increase of $4.1 thousand.

The largest declines in US imports from Palau in the first half of 2017 over the first half of 2016 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) - a decrease of $227.1 thousand;
  • Live animals (HS code 01) - a decrease of $6.2 thousand;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - a decrease of $2.8 thousand.
US imports from Palau 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
(%)
01 Live animals 35.9 14.95 42.1-14.63
03 Fish and crustaceans, molluscs and other aquatic invertebrates 55.3 22.99 20.0176.89
05 Products of animal origin, not elsewhere specified or included 4.1 1.72 0.0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 11.2 4.64 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 0.0 0.00 2.8-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 60.1 25.00 3.71,508.91
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 0.0 0.00 227.1-100.00
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 5.5 2.31 0.0
97 Works of art, collectors’ pieces and antiques 32.5 13.52 4.0712.40
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce