US trade with Marshall Islands in the 4th quarter of 2017

Published or Updated: Apr 11, 2018

The report on US foreign trade in goods with Marshall Islands in the 4th quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Marshall Islands

In the 4th quarter of 2017, US trade with Marshall Islands totaled $139.3 million, up 46.56% ($44.2 million) from the 4th quarter of 2016.

US exports to Marshall Islands in the 4th quarter of 2017 totaled $112.5 million, up 26.61% ($23.6 million) from the 4th quarter of 2016.

US imports from Marshall Islands in the 4th quarter of 2017 totaled $26.8 million, up 333.09% ($20.6 million) from the 4th quarter of 2016.

US trade surplus with Marshall Islands in the 4th quarter of 2017 was $85.7 million, a 3.67% increase ($3.0 million) over the 4th quarter of 2016.

Marshall Islands was the US 117th largest trading partner in the 4th quarter of 2017 (up from 123rd in the 4th quarter of 2016), accounting for 0.0134% of US total trade (up from 0.0099% in the 4th quarter of 2016).

Marshall Islands was the US 103rd largest export market in the 4th quarter of 2017 (just as in the 4th quarter of 2016), accounting for 0.0276% of US total exports (up from 0.0235% in the 4th quarter of 2016).

Marshall Islands was the US 121st largest supplier in the 4th quarter of 2017 (up from 151st in the 4th quarter of 2016), accounting for 0.0042% of US total imports (up from 0.0011% in the 4th quarter of 2016).

US Exports to Marshall Islands

The major share of US exports to Marshall Islands in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 55.53% of US total exports to Marshall Islands (67.65% in the 4th quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 13.08% of US total exports to Marshall Islands (9.40% in the 4th quarter of 2016);
  • Mineral products (HS codes 25-27) - 8.56% of US total exports to Marshall Islands (4.79% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 6.58% of US total exports to Marshall Islands (1.05% in the 4th quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 4.17% of US total exports to Marshall Islands (4.69% in the 4th quarter of 2016).

The largest gains in US exports to Marshall Islands in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $8,564.8 thousand;
  • Articles of iron or steel (HS code 73) - an increase of $4,598.1 thousand;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $2,866.7 thousand;
  • Commodities not specified according to kind (HS code 99) - an increase of $2,789.3 thousand;
  • Salt; sulfur; earths and stone; plastering materials, lime and cement (HS code 25) - an increase of $2,502.9 thousand;
  • Aluminum and articles thereof (HS code 76) - an increase of $2,090.9 thousand;
  • Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics (HS code 32) - an increase of $1,974.5 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 $1,711.6 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $1,313.5 thousand;
  • Miscellaneous chemical products (HS code 38) - an increase of $1,043.9 thousand;
  • Rubber and articles thereof (HS code 40) - an increase of $471.1 thousand.

The largest declines in US exports to Marshall Islands in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • 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 $4,567.3 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) - a decrease of $908.2 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $498.4 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - a decrease of $452.1 thousand;
  • Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - a decrease of $445.4 thousand.
US exports to Marshall Islands in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q4 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q4 2016
(USD thousand)
Change
in Q4 2017
over Q4 2016
(%)
02 Meat and edible meat offal 1,159.4 1.03 825.640.42
03 Fish and crustaceans, molluscs and other aquatic invertebrates 89.8 0.08 18.6382.32
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 105.8 0.09 108.0-1.96
05 Products of animal origin, not elsewhere specified or included 0.0 0.00 15.0-100.00
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 0.0 0.00 5.0-100.00
07 Edible vegetables and certain roots and tubers 2.7 0.00 0.0
09 Coffee, tea, maté and spices 37.3 0.03 6.2504.74
10 Cereals 31.0 0.03 66.3-53.16
11 Products of the milling industry; malt; starches; inulin; wheat gluten 23.9 0.02 11.8102.39
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 3.2 0.00 0.0
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 31.9 0.03 62.6-49.04
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 268.1 0.24 367.5-27.06
17 Sugars and sugar confectionery 0.0 0.00 5.2-100.00
18 Cocoa and cocoa preparations 14.4 0.01 40.4-64.27
19 Preparations of cereals, flour, starch or milk; bakers’ wares 1,232.6 1.10 1,062.815.98
20 Preparations of vegetables, fruit, nuts or other parts of plants 33.9 0.03 14.4135.21
21 Miscellaneous edible preparations 904.5 0.80 960.5-5.83
22 Beverages, spirits and vinegar 340.0 0.30 394.1-13.74
24 Tobacco and manufactured tobacco substitutes 415.1 0.37 200.7106.87
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 5,134.7 4.56 2,631.895.10
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 4,492.8 3.99 1,626.0176.30
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 1,733.6 1.54 22.07,779.95
30 Pharmaceutical products 8.6 0.01 36.6-76.51
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 2,181.4 1.94 206.9954.31
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 35.7 0.03 42.3-15.68
35 Albuminoidal substances; modified starches; glues; enzymes 0.0 0.00 8.3-100.00
38 Miscellaneous chemical products 1,070.5 0.95 26.63,931.94
39 Plastics and articles thereof 1,872.2 1.66 558.7235.09
40 Rubber and articles thereof 502.7 0.45 31.61,491.84
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 2.7 0.00 8.6-69.06
44 Wood and articles of wood; wood charcoal 260.6 0.23 502.3-48.11
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 45.0 0.04 0.0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 156.3 0.14 51.0206.32
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 22.6 0.02 70.8-68.01
52 Cotton 3.3 0.00 0.0
55 Man-made staple fibers 21.4 0.02 3.2558.34
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 24.3 0.02 88.7-72.58
57 Carpets and other textile floor coverings 0.0 0.00 12.4-100.00
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 0.0 0.00 2.7-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 69.5 0.06 24.5183.74
62 Articles of apparel and clothing accessories, not knitted or crocheted 8.7 0.01 29.0-69.95
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 26.4 0.02 471.8-94.40
64 Footwear, gaiters and the like; parts of such articles 54.9 0.05 27.798.34
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 0.0 0.00 26.3-100.00
69 Ceramic products 11.6 0.01 0.0
70 Glass and glassware 42.2 0.04 55.6-24.18
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 21.6 0.02 0.0
72 Iron and steel 139.7 0.12 129.47.91
73 Articles of iron or steel 12,228.9 10.87 7,630.860.26
74 Copper and articles thereof 16.0 0.01 85.1-81.20
76 Aluminum and articles thereof 2,178.7 1.94 87.82,380.86
79 Zinc and articles thereof 0.0 0.00 76.8-100.00
81 Other base metals; cermets; articles thereof 4.0 0.00 4.6-12.66
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 82.7 0.07 181.4-54.43
83 Miscellaneous articles of base metal 68.5 0.06 156.0-56.10
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 34,516.3 30.68 25,951.433.00
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 6,923.5 6.15 7,831.7-11.60
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 19,422.1 17.27 23,989.4-19.04
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 80.0 0.07 578.3-86.18
88 Aircraft, spacecraft, and parts thereof 795.0 0.71 1,247.1-36.25
89 Ships, boats and floating structures 200.9 0.18 161.524.35
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 523.9 0.47 349.250.05
92 Musical instruments; parts and accessories of such articles 19.8 0.02 4.3363.41
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 606.1 0.54 352.172.13
95 Toys, games and sports requisites; parts and accessories thereof 31.6 0.03 0.0
96 Miscellaneous manufactured articles 7.2 0.01 0.0
97 Works of art, collectors’ pieces and antiques 57.6 0.05 0.0
99 Commodities not specified according to kind 12,091.1 10.75 9,301.829.99

US Imports from Marshall Islands

The major share of US imports from Marshall Islands in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 7.39% of US total imports from Marshall Islands (28.50% in the 4th quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 0.74% of US total imports from Marshall Islands (4.62% in the 4th quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 0.48% of US total imports from Marshall Islands (2.38% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 0.35% of US total imports from Marshall Islands (8.38% in the 4th quarter of 2016).

The largest gains in US imports from Marshall Islands in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Commodities not specified according to kind (HS code 99) - an increase of $20,904.5 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $202.9 thousand.

The largest declines in US imports from Marshall Islands in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Organic chemicals (HS code 29) - a decrease of $322.3 thousand;
  • Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - a decrease of $110.3 thousand;
  • Plastics and articles thereof (HS code 39) - a decrease of $103.5 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) - a decrease of $89.4 thousand.
US imports from Marshall Islands in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q4 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q4 2016
(USD thousand)
Change
in Q4 2017
over Q4 2016
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 1,934.0 7.22 1,731.111.72
05 Products of animal origin, not elsewhere specified or included 45.1 0.17 32.140.51
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 14.7 0.05 0.0
29 Organic chemicals 0.0 0.00 322.3-100.00
39 Plastics and articles thereof 92.9 0.35 196.4-52.69
55 Man-made staple fibers 12.8 0.05 0.0
60 Knitted or crocheted fabrics 4.6 0.02 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 5.1 0.02 0.0
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.0 0.00 0.8-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 174.7 0.65 284.9-38.70
69 Ceramic products 7.4 0.03 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 69.3 0.26 0.0
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 58.1 0.22 147.4-60.62
99 Commodities not specified according to kind 24,376.3 90.97 3,471.8602.12
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce