US trade (export - import) with Marshall Islands in 2014
Published or Updated: Feb 08, 2017
The report on US foreign trade in goods with Marshall Islands in 2014: exports, imports, balance, product types and groups, dynamics.
US Trade with Marshall Islands
In 2014, US trade with Marshall Islands totaled $112.5 million, up 31.41% ($26.9 million) from 2013.
US exports to Marshall Islands in 2014 totaled $94.7 million, up 44.66% ($29.2 million) from 2013.
US imports from Marshall Islands in 2014 were $17.8 million, down 11.70% ($2.4 million) from 2013.
US trade surplus with Marshall Islands in 2014 was $76.9 million, a 69.68% increase ($31.6 million) over 2013.
Marshall Islands was the US 163rd largest trading partner in 2014 (up from 166th in 2013), accounting for 0.0028% of US total trade (up from 0.0022% in 2013).
Marshall Islands was the US 145th largest export market in 2014 (up from 159th in 2013), accounting for 0.0058% of US total exports (up from 0.0042% in 2013).
Marshall Islands was the US 158th largest supplier in 2014 (down from 155th in 2013), accounting for 0.0007% of US total imports (down from 0.0009% in 2013).
US Exports to Marshall Islands
The major share of US exports to Marshall Islands in 2014 (and in 2013) was accounted for the following product types:
- Machinery, equipment and vehicles (HS codes 84-90) - 65.80% of US total exports to Marshall Islands (16.35% in 2013);
- Food products and agricultural raw materials (HS codes 01-24) - 16.15% of US total exports to Marshall Islands (20.96% in 2013);
- Wood and wood products (HS codes 44-49) - 2.86% of US total exports to Marshall Islands (3.31% in 2013);
- Metals and products from them (HS codes 72-83) - 1.44% of US total exports to Marshall Islands (4.35% in 2013);
- Chemical products (HS codes 28-40) - 1.09% of US total exports to Marshall Islands (1.86% in 2013);
- Mineral products (HS codes 25-27) - 0.23% of US total exports to Marshall Islands (38.19% in 2013);
- Precious metals and stones (HS code 71) - 0.15% of US total exports to Marshall Islands (1.79% in 2013).
The largest gains in US exports to Marshall Islands in 2014 over 2013 were recorded for the following product groups:
- Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $52,187.3 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 $5,908.3 thousand;
- Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - an increase of $1,351.3 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 $987.5 thousand;
- Miscellaneous edible preparations (HS code 21) - an increase of $876.4 thousand;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $567.8 thousand;
- Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - an increase of $466.5 thousand;
- Articles of iron or steel (HS code 73) - an increase of $363.2 thousand.
The largest declines in US exports to Marshall Islands in 2014 over 2013 were recorded for the following product groups:
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $24,866.5 thousand;
- Commodities not specified according to kind (HS code 99) - a decrease of $2,723.5 thousand;
- Miscellaneous articles of base metal (HS code 83) - a decrease of $1,937.9 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) - a decrease of $1,027.4 thousand;
- Ships, boats and floating structures (HS code 89) - a decrease of $753.2 thousand;
- 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 (HS code 86) - a decrease of $705.0 thousand;
- Tobacco and manufactured tobacco substitutes (HS code 24) - a decrease of $479.9 thousand;
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $449.0 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 $310.0 thousand.
| HS code |
Name of product group | Value of exports in 2014 (USD thousand) |
Share in total export (%) |
Value of exports in 2013 (USD thousand) |
Change in 2014 over 2013 (%) |
|---|---|---|---|---|---|
| 02 | Meat and edible meat offal | 3,065.2 | 3.24 | 3,023.4 | 1.38 |
| 03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 235.4 | 0.25 | 128.1 | 83.84 |
| 04 | Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included | 417.9 | 0.44 | 329.9 | 26.68 |
| 07 | Edible vegetables and certain roots and tubers | 43.5 | 0.05 | 3.1 | 1,321.06 |
| 09 | Coffee, tea, maté and spices | 12.9 | 0.01 | 23.0 | -43.74 |
| 10 | Cereals | 634.4 | 0.67 | 834.1 | -23.94 |
| 11 | Products of the milling industry; malt; starches; inulin; wheat gluten | 251.6 | 0.27 | 306.3 | -17.85 |
| 15 | Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes | 174.3 | 0.18 | 205.8 | -15.30 |
| 16 | Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 922.0 | 0.97 | 975.5 | -5.49 |
| 17 | Sugars and sugar confectionery | 78.4 | 0.08 | 120.3 | -34.78 |
| 18 | Cocoa and cocoa preparations | 39.1 | 0.04 | 55.5 | -29.60 |
| 19 | Preparations of cereals, flour, starch or milk; bakers’ wares | 3,651.1 | 3.85 | 2,299.8 | 58.76 |
| 20 | Preparations of vegetables, fruit, nuts or other parts of plants | 21.3 | 0.02 | 41.1 | -48.21 |
| 21 | Miscellaneous edible preparations | 3,878.4 | 4.09 | 3,002.0 | 29.19 |
| 22 | Beverages, spirits and vinegar | 1,248.8 | 1.32 | 1,263.5 | -1.16 |
| 23 | Residues and waste from the food industries; prepared animal feed | 0.0 | 0.00 | 4.0 | -100.00 |
| 24 | Tobacco and manufactured tobacco substitutes | 626.6 | 0.66 | 1,106.6 | -43.37 |
| 25 | Salt; sulfur; earths and stone; plastering materials, lime and cement | 20.5 | 0.02 | 46.6 | -56.03 |
| 26 | Ores, slag and ash | 106.2 | 0.11 | 0.0 | ∞ |
| 27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 93.6 | 0.10 | 24,960.1 | -99.63 |
| 28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 5.1 | 0.01 | 46.6 | -89.09 |
| 29 | Organic chemicals | 14.9 | 0.02 | 11.6 | 28.66 |
| 30 | Pharmaceutical products | 42.7 | 0.05 | 167.6 | -74.54 |
| 32 | Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics | 314.5 | 0.33 | 260.3 | 20.81 |
| 33 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 5.3 | 0.01 | 10.7 | -50.53 |
| 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 | 124.6 | 0.13 | 154.9 | -19.59 |
| 35 | Albuminoidal substances; modified starches; glues; enzymes | 3.4 | 0.00 | 3.4 | 0.41 |
| 36 | Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations | 3.3 | 0.00 | 34.1 | -90.27 |
| 38 | Miscellaneous chemical products | 30.7 | 0.03 | 23.4 | 31.41 |
| 39 | Plastics and articles thereof | 376.7 | 0.40 | 410.1 | -8.16 |
| 40 | Rubber and articles thereof | 112.5 | 0.12 | 94.5 | 19.08 |
| 42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | 28.0 | 0.03 | 338.0 | -91.72 |
| 44 | Wood and articles of wood; wood charcoal | 893.1 | 0.94 | 894.0 | -0.10 |
| 48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 564.2 | 0.60 | 488.5 | 15.51 |
| 49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 1,252.4 | 1.32 | 785.9 | 59.37 |
| 54 | Man-made filaments | 38.4 | 0.04 | 0.0 | ∞ |
| 56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 3.7 | 0.00 | 3.0 | 22.67 |
| 57 | Carpets and other textile floor coverings | 8.1 | 0.01 | 16.8 | -51.64 |
| 59 | Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use | 12.2 | 0.01 | 0.0 | ∞ |
| 61 | Articles of apparel and clothing accessories, knitted or crocheted | 83.9 | 0.09 | 64.2 | 30.65 |
| 62 | Articles of apparel and clothing accessories, not knitted or crocheted | 42.6 | 0.05 | 6.6 | 548.48 |
| 63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 90.2 | 0.10 | 17.9 | 405.30 |
| 64 | Footwear, gaiters and the like; parts of such articles | 115.8 | 0.12 | 38.0 | 204.86 |
| 68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 11.9 | 0.01 | 16.9 | -29.52 |
| 69 | Ceramic products | 9.5 | 0.01 | 3.8 | 151.79 |
| 70 | Glass and glassware | 0.0 | 0.00 | 56.3 | -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 | 144.0 | 0.15 | 1,171.4 | -87.71 |
| 72 | Iron and steel | 70.2 | 0.07 | 31.1 | 125.25 |
| 73 | Articles of iron or steel | 975.7 | 1.03 | 612.5 | 59.30 |
| 74 | Copper and articles thereof | 4.0 | 0.00 | 4.0 | -1.10 |
| 76 | Aluminum and articles thereof | 154.4 | 0.16 | 181.2 | -14.79 |
| 78 | Lead and articles thereof | 4.0 | 0.00 | 0.0 | ∞ |
| 79 | Zinc and articles thereof | 25.6 | 0.03 | 0.0 | ∞ |
| 80 | Tin and articles thereof | 3.0 | 0.00 | 0.0 | ∞ |
| 81 | Other base metals; cermets; articles thereof | 5.4 | 0.01 | 3.3 | 62.09 |
| 82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 43.5 | 0.05 | 6.9 | 533.15 |
| 83 | Miscellaneous articles of base metal | 73.6 | 0.08 | 2,011.5 | -96.34 |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 2,481.7 | 2.62 | 2,930.6 | -15.32 |
| 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 | 2,481.4 | 2.62 | 1,494.0 | 66.10 |
| 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 | 0.0 | 0.00 | 705.0 | -100.00 |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 725.4 | 0.77 | 937.5 | -22.62 |
| 88 | Aircraft, spacecraft, and parts thereof | 53,234.2 | 56.20 | 1,046.9 | 4,984.82 |
| 89 | Ships, boats and floating structures | 2,180.6 | 2.30 | 2,933.8 | -25.67 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 1,222.7 | 1.29 | 654.9 | 86.69 |
| 92 | Musical instruments; parts and accessories of such articles | 10.8 | 0.01 | 14.3 | -24.37 |
| 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 | 6,658.0 | 7.03 | 749.7 | 788.13 |
| 95 | Toys, games and sports requisites; parts and accessories thereof | 89.2 | 0.09 | 206.0 | -56.68 |
| 96 | Miscellaneous manufactured articles | 52.5 | 0.06 | 9.9 | 429.24 |
| 99 | Commodities not specified according to kind | 4,374.7 | 4.62 | 7,098.1 | -38.37 |
US Imports from Marshall Islands
The major share of US imports from Marshall Islands in 2014 (and in 2013) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 77.82% of US total imports from Marshall Islands (87.91% in 2013);
- Machinery, equipment and vehicles (HS codes 84-90) - 12.03% of US total imports from Marshall Islands (1.93% in 2013).
The largest gains in US imports from Marshall Islands in 2014 over 2013 were recorded for the following product groups:
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $1,441.5 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 $217.3 thousand;
- Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $107.8 thousand;
- Commodities not specified according to kind (HS code 99) - an increase of $90.1 thousand;
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $64.6 thousand.
The largest declines in US imports from Marshall Islands in 2014 over the 2013 were recorded for the following product groups:
- Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - a decrease of $2,094.1 thousand;
- Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - a decrease of $1,348.2 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 $383.3 thousand;
- Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $368.0 thousand;
- Products of animal origin, not elsewhere specified or included (HS code 05) - a decrease of $97.0 thousand.
| HS code |
Name of product group | Value of imports in 2014 (USD thousand) |
Share in total import (%) |
Value of imports in 2013 USD thousand) |
Change in 2014 over 2013 (%) |
|---|---|---|---|---|---|
| 03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 11,361.5 | 63.91 | 11,729.4 | -3.14 |
| 05 | Products of animal origin, not elsewhere specified or included | 121.9 | 0.69 | 218.9 | -44.32 |
| 15 | Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes | 0.0 | 0.00 | 2,094.1 | -100.00 |
| 16 | Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 2,305.9 | 12.97 | 3,654.1 | -36.90 |
| 21 | Miscellaneous edible preparations | 43.6 | 0.25 | 0.0 | ∞ |
| 27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 64.6 | 0.36 | 0.0 | ∞ |
| 39 | Plastics and articles thereof | 0.0 | 0.00 | 18.7 | -100.00 |
| 42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | 0.0 | 0.00 | 383.3 | -100.00 |
| 44 | Wood and articles of wood; wood charcoal | 0.0 | 0.00 | 16.3 | -100.00 |
| 63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 18.2 | 0.10 | 0.0 | ∞ |
| 72 | Iron and steel | 0.0 | 0.00 | 42.7 | -100.00 |
| 83 | Miscellaneous articles of base metal | 5.4 | 0.03 | 3.4 | 57.94 |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 1,478.4 | 8.32 | 36.8 | 3,912.56 |
| 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 | 548.8 | 3.09 | 331.6 | 65.54 |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 111.3 | 0.63 | 3.4 | 3,132.04 |
| 89 | Ships, boats and floating structures | 0.0 | 0.00 | 16.5 | -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 | 38.1 | 0.21 | 2.3 | 1,593.78 |
| 97 | Works of art, collectors’ pieces and antiques | 9.3 | 0.05 | 0.0 | ∞ |
| 99 | Commodities not specified according to kind | 1,669.5 | 9.39 | 1,579.5 | 5.70 |