US trade (export - import) with Micronesia in 2015

Published or Updated: Mar 30, 2017

The report on US foreign trade in goods with Micronesia in 2015: exports, imports, balance, product types and groups, dynamics.

US Trade with Micronesia

In 2015, US trade with Micronesia was $40.8 million, down 2.67% ($1.1 million) from 2014.

US exports to Micronesia in 2015 were $40.1 million, down 3.49% ($1.4 million) from 2014.

US imports from Micronesia in 2015 totaled $0.8 million, up 76.60% ($0.3 million) from 2014.

US trade surplus with Micronesia in 2015 was $39.3 million, a 4.33% decrease ($1.8 million) over 2014.

Micronesia was the US 180th largest trading partner in 2015 (down from 179th in 2014), accounting for 0.0011% of US total trade (up from 0.0010% in 2014).

Micronesia was the US 164th largest export market in 2015 (up from 169th in 2014), accounting for 0.0027% of US total exports (up from 0.0026% in 2014).

Micronesia was the US 209th largest supplier in 2015 (down from 205th in 2014), accounting for 0.0000% of US total imports (just as in 2014).

US Exports to Micronesia

The major share of US exports to Micronesia in 2015 (and in 2014) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 54.82% of US total exports to Micronesia (52.23% in 2014);
  • Machinery, equipment and vehicles (HS codes 84-90) - 16.42% of US total exports to Micronesia (15.35% in 2014);
  • Wood and wood products (HS codes 44-49) - 4.63% of US total exports to Micronesia (3.35% in 2014);
  • Chemical products (HS codes 28-40) - 3.25% of US total exports to Micronesia (3.17% in 2014);
  • Metals and products from them (HS codes 72-83) - 1.98% of US total exports to Micronesia (2.01% in 2014).

The largest gains in US exports to Micronesia in 2015 over 2014 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $1,293.7 thousand;
  • Miscellaneous edible preparations (HS code 21) - an increase of $1,152.7 thousand;
  • Preparations of vegetables, fruit, nuts or other parts of plants (HS code 20) - an increase of $757.9 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - an increase of $343.4 thousand;
  • Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - an increase of $298.6 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $237.8 thousand;
  • Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics (HS code 32) - an increase of $232.9 thousand;
  • Residues and waste from the food industries; prepared animal feed (HS code 23) - an increase of $169.6 thousand;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - an increase of $155.5 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 $134.7 thousand;
  • Rubber and articles thereof (HS code 40) - an increase of $129.5 thousand.

The largest declines in US exports to Micronesia in 2015 over 2014 were recorded for the following product groups:

  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - a decrease of $2,280.8 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 $1,341.9 thousand;
  • Meat and edible meat offal (HS code 02) - a decrease of $1,232.2 thousand;
  • Beverages, spirits and vinegar (HS code 22) - a decrease of $369.1 thousand;
  • Tobacco and manufactured tobacco substitutes (HS code 24) - a decrease of $319.5 thousand;
  • Commodities not specified according to kind (HS code 99) - a decrease of $318.1 thousand;
  • Cereals (HS code 10) - a decrease of $226.3 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $155.6 thousand;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - a decrease of $154.6 thousand;
  • 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 (HS code 34) - a decrease of $144.6 thousand;
  • Plastics and articles thereof (HS code 39) - a decrease of $123.9 thousand.
US exports to Micronesia in 2015 by product groups
HS
code
Name of product group Value
of exports
in 2015
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2014
(USD thousand)
Change
in 2015
over 2014
(%)
02 Meat and edible meat offal 5,207.3 12.99 6,439.5-19.13
03 Fish and crustaceans, molluscs and other aquatic invertebrates 88.0 0.22 48.780.78
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 936.4 2.34 780.919.91
07 Edible vegetables and certain roots and tubers 61.3 0.15 0.0
08 Edible fruit and nuts; peel of citrus fruit or melons 60.3 0.15 34.176.56
09 Coffee, tea, maté and spices 3.5 0.01 0.0
10 Cereals 4,628.2 11.55 4,854.6-4.66
11 Products of the milling industry; malt; starches; inulin; wheat gluten 514.8 1.28 532.6-3.35
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 100.9 0.25 188.4-46.48
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 2,183.5 5.45 1,885.015.84
17 Sugars and sugar confectionery 17.2 0.04 3.3416.57
18 Cocoa and cocoa preparations 18.8 0.05 9.989.17
19 Preparations of cereals, flour, starch or milk; bakers’ wares 436.0 1.09 590.6-26.17
20 Preparations of vegetables, fruit, nuts or other parts of plants 835.8 2.09 77.9973.35
21 Miscellaneous edible preparations 2,954.8 7.37 1,802.163.96
22 Beverages, spirits and vinegar 2,539.7 6.34 2,908.8-12.69
23 Residues and waste from the food industries; prepared animal feed 743.0 1.85 573.529.57
24 Tobacco and manufactured tobacco substitutes 639.2 1.59 958.7-33.33
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 6.3 0.02 3.293.68
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 222.8 0.56 223.1-0.10
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 48.5 0.12 56.7-14.46
29 Organic chemicals 73.1 0.18 35.3107.12
30 Pharmaceutical products 10.7 0.03 5.1110.73
31 Fertilizers 4.1 0.01 0.0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 532.5 1.33 299.577.77
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 14.5 0.04 75.6-80.87
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 50.9 0.13 195.4-73.97
35 Albuminoidal substances; modified starches; glues; enzymes 0.0 0.00 2.8-100.00
37 Photographic or cinematographic goods 18.3 0.05 0.0
38 Miscellaneous chemical products 34.5 0.09 133.1-74.04
39 Plastics and articles thereof 333.8 0.83 457.6-27.06
40 Rubber and articles thereof 182.9 0.46 53.4242.65
41 Raw hides and skins (other than furskins) and leather 0.0 0.00 3.6-100.00
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 50.0 0.12 0.0
44 Wood and articles of wood; wood charcoal 1,344.1 3.35 1,000.834.31
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 206.8 0.52 134.453.82
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 306.2 0.76 256.419.38
54 Man-made filaments 6.7 0.02 0.0
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0.0 0.00 2.6-100.00
57 Carpets and other textile floor coverings 32.9 0.08 0.0
60 Knitted or crocheted fabrics 3.7 0.01 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 63.1 0.16 28.7119.72
62 Articles of apparel and clothing accessories, not knitted or crocheted 49.7 0.12 46.95.91
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 65.5 0.16 140.2-53.28
64 Footwear, gaiters and the like; parts of such articles 21.8 0.05 17.921.30
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 9.7 0.02 0.0
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 3.3 0.01 3.6-9.30
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 0.0 0.00 2.9-100.00
69 Ceramic products 35.5 0.09 17.7100.55
70 Glass and glassware 22.3 0.06 3.4549.74
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 2.5 0.01 0.0
72 Iron and steel 59.0 0.15 103.7-43.12
73 Articles of iron or steel 500.9 1.25 451.111.05
74 Copper and articles thereof 19.5 0.05 27.7-29.37
75 Nickel and articles thereof 5.4 0.01 0.0
76 Aluminum and articles thereof 150.6 0.38 142.55.67
80 Tin and articles thereof 0.0 0.00 3.2-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 36.9 0.09 14.0163.94
83 Miscellaneous articles of base metal 22.9 0.06 94.3-75.69
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 2,090.5 5.22 796.8162.37
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 2,256.6 5.63 3,598.4-37.29
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 58.9 0.15 0.0
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 667.1 1.66 822.6-18.91
88 Aircraft, spacecraft, and parts thereof 399.7 1.00 161.9146.89
89 Ships, boats and floating structures 69.8 0.17 35.397.69
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 1,035.6 2.58 960.67.81
91 Clocks and watches and parts thereof 0.0 0.00 7.2-100.00
92 Musical instruments; parts and accessories of such articles 0.0 0.00 3.8-100.00
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 381.2 0.95 246.554.64
95 Toys, games and sports requisites; parts and accessories thereof 751.5 1.88 3,032.4-75.22
96 Miscellaneous manufactured articles 62.3 0.16 34.481.01
99 Commodities not specified according to kind 5,780.1 14.42 6,098.2-5.22

US Imports from Micronesia

The major share of US imports from Micronesia in 2015 (and in 2014) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 35.37% of US total imports from Micronesia (1.27% in 2014);
  • Food products and agricultural raw materials (HS codes 01-24) - 33.25% of US total imports from Micronesia (40.49% in 2014);
  • Wood and wood products (HS codes 44-49) - 12.84% of US total imports from Micronesia (44.21% in 2014);
  • Textiles, textile products and footwear (HS codes 50-67) - 0.63% of US total imports from Micronesia (1.53% in 2014).

The largest gains in US imports from Micronesia in 2015 over 2014 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) - an increase of $260.4 thousand;
  • Commodities not specified according to kind (HS code 99) - an increase of $89.8 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - an increase of $47.5 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $30.5 thousand;
  • Ships, boats and floating structures (HS code 89) - an increase of $3.8 thousand.

The largest declines in US imports from Micronesia in 2015 over the 2014 were recorded for the following product groups:

  • Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork (HS code 46) - a decrease of $69.8 thousand;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - a decrease of $22.3 thousand;
  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $8.0 thousand.
US imports from Micronesia in 2015 by product groups
HS
code
Name of product group Value
of imports
in 2015
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2014
USD thousand)
Change
in 2015
over 2014
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 35.3 4.67 4.8640.39
05 Products of animal origin, not elsewhere specified or included 216.0 28.58 168.528.21
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 97.0 12.84 166.9-41.85
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0.0 0.00 22.3-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 4.8 0.63 6.5-27.02
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 260.4 34.45 0.0
89 Ships, boats and floating structures 3.8 0.50 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 3.2 0.43 5.5-40.73
97 Works of art, collectors’ pieces and antiques 0.0 0.00 8.0-100.00
99 Commodities not specified according to kind 135.3 17.90 45.5197.27
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce