US trade with Marshall Islands in the 3rd quarter of 2017

Published or Updated: Apr 01, 2018

The report on US foreign trade in goods with Marshall Islands in the 3rd quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Marshall Islands

In the 3rd quarter of 2017, US trade with Marshall Islands was $85.5 million, down 8.67% ($8.1 million) from the 3rd quarter of 2016.

US exports to Marshall Islands in the 3rd quarter of 2017 were $82.3 million, down 5.78% ($5.0 million) from the 3rd quarter of 2016.

US imports from Marshall Islands in the 3rd quarter of 2017 were $3.2 million, down 48.73% ($3.1 million) from the 3rd quarter of 2016.

US trade surplus with Marshall Islands in the 3rd quarter of 2017 was $79.1 million, a 2.44% decrease ($2.0 million) over the 3rd quarter of 2016.

Marshall Islands was the US 127th largest trading partner in the 3rd quarter of 2017 (down from 124th in the 3rd quarter of 2016), accounting for 0.0087% of US total trade (down from 0.0114% in the 3rd quarter of 2016).

Marshall Islands was the US 108th largest export market in the 3rd quarter of 2017 (down from 104th in the 3rd quarter of 2016), accounting for 0.0216% of US total exports (down from 0.0252% in the 3rd quarter of 2016).

Marshall Islands was the US 159th largest supplier in the 3rd quarter of 2017 (down from 149th in the 3rd quarter of 2016), accounting for 0.0005% of US total imports (down from 0.0013% in the 3rd quarter of 2016).

US Exports to Marshall Islands

The major share of US exports to Marshall Islands in the 3rd quarter of 2017 (and in the 3rd quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 63.67% of US total exports to Marshall Islands (70.57% in the 3rd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 8.91% of US total exports to Marshall Islands (7.68% in the 3rd quarter of 2016);
  • Chemical products (HS codes 28-40) - 7.10% of US total exports to Marshall Islands (1.61% in the 3rd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 4.48% of US total exports to Marshall Islands (4.07% in the 3rd quarter of 2016);
  • Mineral products (HS codes 25-27) - 3.53% of US total exports to Marshall Islands (3.90% in the 3rd quarter of 2016).

The largest gains in US exports to Marshall Islands in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • Miscellaneous chemical products (HS code 38) - an increase of $2,307.0 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $1,240.9 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 $1,000.1 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $997.4 thousand;
  • Articles of iron or steel (HS code 73) - an increase of $966.7 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $627.6 thousand;
  • Salt; sulfur; earths and stone; plastering materials, lime and cement (HS code 25) - an increase of $400.5 thousand;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - an increase of $249.0 thousand.

The largest declines in US exports to Marshall Islands in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • 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 $5,221.5 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 $2,676.5 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $1,786.5 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $1,429.4 thousand;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $896.8 thousand;
  • Aluminum and articles thereof (HS code 76) - a decrease of $544.7 thousand;
  • Miscellaneous edible preparations (HS code 21) - a decrease of $267.3 thousand.
US exports to Marshall Islands in the 3rd quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q3 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q3 2016
(USD thousand)
Change
in Q3 2017
over Q3 2016
(%)
02 Meat and edible meat offal 781.3 0.95 802.2-2.61
03 Fish and crustaceans, molluscs and other aquatic invertebrates 18.2 0.02 32.2-43.56
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 55.3 0.07 41.034.81
05 Products of animal origin, not elsewhere specified or included 0.0 0.00 17.2-100.00
09 Coffee, tea, maté and spices 12.8 0.02 15.1-15.10
10 Cereals 47.8 0.06 58.4-18.14
11 Products of the milling industry; malt; starches; inulin; wheat gluten 23.9 0.03 25.1-4.72
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 91.9 0.11 44.8105.12
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 207.8 0.25 209.6-0.84
17 Sugars and sugar confectionery 28.1 0.03 20.437.99
18 Cocoa and cocoa preparations 43.1 0.05 13.5219.62
19 Preparations of cereals, flour, starch or milk; bakers’ wares 1,069.1 1.30 820.130.36
20 Preparations of vegetables, fruit, nuts or other parts of plants 18.2 0.02 87.4-79.16
21 Miscellaneous edible preparations 717.7 0.87 985.0-27.14
22 Beverages, spirits and vinegar 215.3 0.26 268.0-19.66
24 Tobacco and manufactured tobacco substitutes 356.1 0.43 112.3217.18
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 2,812.7 3.42 2,412.216.60
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 94.3 0.11 991.2-90.49
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 1,906.2 2.32 906.1110.37
30 Pharmaceutical products 23.8 0.03 29.4-18.94
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 24.5 0.03 175.3-86.04
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 0.0 0.00 2.7-100.00
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 39.9 0.05 43.1-7.39
35 Albuminoidal substances; modified starches; glues; enzymes 0.0 0.00 9.7-100.00
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 240.3 0.29 0.0
38 Miscellaneous chemical products 2,319.1 2.82 12.119,061.46
39 Plastics and articles thereof 1,188.7 1.44 191.3521.33
40 Rubber and articles thereof 105.3 0.13 35.7195.02
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 31.5 0.04 0.0
44 Wood and articles of wood; wood charcoal 337.5 0.41 305.310.56
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 128.9 0.16 144.7-10.93
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 203.9 0.25 282.0-27.67
54 Man-made filaments 0.0 0.00 8.7-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 13.9 0.02 3.2334.36
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 3.0 0.00 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 0.0 0.00 46.6-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 13.2 0.02 10.525.66
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 23.5 0.03 2.6802.96
64 Footwear, gaiters and the like; parts of such articles 0.0 0.00 22.8-100.00
65 Headgear and parts thereof 0.0 0.00 3.6-100.00
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 2.9 0.00 0.0
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 18.4 0.02 129.1-85.75
69 Ceramic products 39.2 0.05 11.7235.43
70 Glass and glassware 6.2 0.01 57.5-89.29
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 42.4 0.05 4.9765.75
72 Iron and steel 394.5 0.48 168.0134.84
73 Articles of iron or steel 6,654.5 8.08 5,687.817.00
74 Copper and articles thereof 7.6 0.01 17.9-57.79
76 Aluminum and articles thereof 144.5 0.18 689.2-79.03
79 Zinc and articles thereof 0.0 0.00 52.1-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 90.7 0.11 54.666.11
83 Miscellaneous articles of base metal 41.4 0.05 38.76.80
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 25,741.0 31.27 27,170.3-5.26
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 6,580.0 7.99 11,801.5-44.24
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 17,445.1 21.20 20,121.7-13.30
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 208.7 0.25 1,995.2-89.54
88 Aircraft, spacecraft, and parts thereof 1,686.8 2.05 446.0278.23
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 743.1 0.90 115.6543.06
92 Musical instruments; parts and accessories of such articles 0.0 0.00 5.4-100.00
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 461.1 0.56 229.6100.79
95 Toys, games and sports requisites; parts and accessories thereof 12.5 0.02 0.0
96 Miscellaneous manufactured articles 3.3 0.00 0.0

US Imports from Marshall Islands

The major share of US imports from Marshall Islands in the 3rd quarter of 2017 (and in the 3rd quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 52.17% of US total imports from Marshall Islands (30.52% in the 3rd quarter of 2016);
  • Chemical products (HS codes 28-40) - 4.06% of US total imports from Marshall Islands (2.43% in the 3rd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 2.47% of US total imports from Marshall Islands (1.39% in the 3rd quarter of 2016);
  • Mineral products (HS codes 25-27) - 1.29% of US total imports from Marshall Islands (0.00% in the 3rd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 1.19% of US total imports from Marshall Islands (0.00% in the 3rd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 0.00% of US total imports from Marshall Islands (13.00% in the 3rd quarter of 2016).

The largest gains in US imports from Marshall Islands in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • Plastics and articles thereof (HS code 39) - an increase of $131.2 thousand;
  • Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - an increase of $79.7 thousand;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $41.6 thousand;
  • Other base metals; cermets; articles thereof (HS code 81) - an increase of $38.5 thousand;
  • Preparations of vegetables, fruit, nuts or other parts of plants (HS code 20) - an increase of $29.4 thousand.

The largest declines in US imports from Marshall Islands in the 3rd quarter of 2017 over the 3rd quarter of 2016 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $732.7 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $254.7 thousand;
  • Organic chemicals (HS code 29) - a decrease of $153.2 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 $86.2 thousand;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - a decrease of $77.9 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - a decrease of $12.6 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 $9.9 thousand.
US imports from Marshall Islands in the 3rd quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q3 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q3 2016
(USD thousand)
Change
in Q3 2017
over Q3 2016
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 1,624.4 50.32 1,879.1-13.56
05 Products of animal origin, not elsewhere specified or included 30.2 0.94 42.8-29.38
20 Preparations of vegetables, fruit, nuts or other parts of plants 29.4 0.91 0.0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 41.6 1.29 0.0
29 Organic chemicals 0.0 0.00 153.2-100.00
39 Plastics and articles thereof 131.2 4.06 0.0
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 9.9-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 0.0 0.00 4.0-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.0 0.00 77.9-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 79.7 2.47 0.0
65 Headgear and parts thereof 0.0 0.00 5.4-100.00
81 Other base metals; cermets; articles thereof 38.5 1.19 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 0.0 0.00 732.7-100.00
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 0.0 0.00 86.2-100.00
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce