US trade (export - import) with Micronesia in 2017
Published or Updated: Apr 11, 2018
The report on US foreign trade in goods with Micronesia in 2017: exports, imports, balance, product types and groups, dynamics.
US Trade with Micronesia
In 2017, US trade with Micronesia totaled $45.8 million, up 5.12% ($2.2 million) from 2016.
US exports to Micronesia in 2017 totaled $44.8 million, up 4.31% ($1.9 million) from 2016.
US imports from Micronesia in 2017 totaled $1.0 million, up 65.34% ($0.4 million) from 2016.
US trade surplus with Micronesia in 2017 was $43.9 million, a 3.47% increase ($1.5 million) over 2016.
Micronesia was the US 177th largest trading partner in 2017 (down from 175th in 2016), accounting for 0.0012% of US total trade (just as in 2016).
Micronesia was the US 166th largest export market in 2017 (down from 163rd in 2016), accounting for 0.0029% of US total exports (down from 0.0030% in 2016).
Micronesia was the US 207th largest supplier in 2017 (up from 209th in 2016), accounting for 0.0000% of US total imports (just as in 2016).
US Exports to Micronesia
The major share of US exports to Micronesia in 2017 (and in 2016) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 49.55% of US total exports to Micronesia (43.71% in 2016);
- Machinery, equipment and vehicles (HS codes 84-90) - 14.33% of US total exports to Micronesia (20.07% in 2016);
- Wood and wood products (HS codes 44-49) - 5.49% of US total exports to Micronesia (8.95% in 2016);
- Metals and products from them (HS codes 72-83) - 3.20% of US total exports to Micronesia (4.85% in 2016);
- Chemical products (HS codes 28-40) - 2.92% of US total exports to Micronesia (2.77% in 2016);
- Mineral products (HS codes 25-27) - 1.52% of US total exports to Micronesia (1.51% in 2016).
The largest gains in US exports to Micronesia in 2017 over 2016 were recorded for the following product groups:
- Toys, games and sports requisites; parts and accessories thereof (HS code 95) - an increase of $1,856.0 thousand;
- Meat and edible meat offal (HS code 02) - an increase of $1,586.4 thousand;
- Commodities not specified according to kind (HS code 99) - an increase of $573.4 thousand;
- Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - an increase of $461.7 thousand;
- Edible fruit and nuts; peel of citrus fruit or melons (HS code 08) - an increase of $373.2 thousand;
- Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - an increase of $267.0 thousand;
- Beverages, spirits and vinegar (HS code 22) - an increase of $239.3 thousand;
- Preparations of vegetables, fruit, nuts or other parts of plants (HS code 20) - an increase of $205.3 thousand;
- Cereals (HS code 10) - an increase of $170.2 thousand;
- Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $153.4 thousand;
- Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $138.4 thousand.
The largest declines in US exports to Micronesia in 2017 over 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 $2,260.0 thousand;
- Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $814.4 thousand;
- Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - a decrease of $626.8 thousand;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $230.0 thousand;
- Iron and steel (HS code 72) - a decrease of $211.4 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) - a decrease of $172.5 thousand;
- Articles of iron or steel (HS code 73) - a decrease of $140.6 thousand.
| HS code |
Name of product group | Value of exports in 2017 (USD thousand) |
Share in total export (%) |
Value of exports in 2016 (USD thousand) |
Change in 2017 over 2016 (%) |
|---|---|---|---|---|---|
| 02 | Meat and edible meat offal | 6,511.4 | 14.53 | 4,925.0 | 32.21 |
| 03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 16.4 | 0.04 | 33.4 | -50.73 |
| 04 | Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included | 819.6 | 1.83 | 552.5 | 48.33 |
| 05 | Products of animal origin, not elsewhere specified or included | 19.2 | 0.04 | 0.0 | ∞ |
| 07 | Edible vegetables and certain roots and tubers | 21.5 | 0.05 | 0.0 | ∞ |
| 08 | Edible fruit and nuts; peel of citrus fruit or melons | 447.9 | 1.00 | 74.7 | 499.63 |
| 09 | Coffee, tea, maté and spices | 24.4 | 0.05 | 8.5 | 187.77 |
| 10 | Cereals | 3,302.6 | 7.37 | 3,132.4 | 5.43 |
| 11 | Products of the milling industry; malt; starches; inulin; wheat gluten | 340.5 | 0.76 | 313.0 | 8.78 |
| 15 | Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes | 90.9 | 0.20 | 92.2 | -1.37 |
| 16 | Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 2,095.5 | 4.68 | 1,633.9 | 28.26 |
| 17 | Sugars and sugar confectionery | 4.4 | 0.01 | 0.0 | ∞ |
| 18 | Cocoa and cocoa preparations | 16.1 | 0.04 | 136.9 | -88.26 |
| 19 | Preparations of cereals, flour, starch or milk; bakers’ wares | 556.9 | 1.24 | 520.3 | 7.05 |
| 20 | Preparations of vegetables, fruit, nuts or other parts of plants | 374.8 | 0.84 | 169.5 | 121.14 |
| 21 | Miscellaneous edible preparations | 3,055.0 | 6.82 | 3,103.1 | -1.55 |
| 22 | Beverages, spirits and vinegar | 3,004.6 | 6.70 | 2,765.3 | 8.66 |
| 23 | Residues and waste from the food industries; prepared animal feed | 759.3 | 1.69 | 667.8 | 13.69 |
| 24 | Tobacco and manufactured tobacco substitutes | 744.4 | 1.66 | 648.9 | 14.70 |
| 25 | Salt; sulfur; earths and stone; plastering materials, lime and cement | 251.3 | 0.56 | 173.7 | 44.69 |
| 27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 428.2 | 0.96 | 476.1 | -10.05 |
| 28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 34.7 | 0.08 | 32.0 | 8.49 |
| 29 | Organic chemicals | 3.2 | 0.01 | 10.1 | -67.91 |
| 30 | Pharmaceutical products | 39.6 | 0.09 | 0.0 | ∞ |
| 31 | Fertilizers | 2.7 | 0.01 | 2.7 | 2.35 |
| 32 | Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics | 449.1 | 1.00 | 517.0 | -13.13 |
| 33 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 117.0 | 0.26 | 98.0 | 19.46 |
| 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 | 72.9 | 0.16 | 36.6 | 99.48 |
| 38 | Miscellaneous chemical products | 78.2 | 0.17 | 23.8 | 229.23 |
| 39 | Plastics and articles thereof | 482.6 | 1.08 | 376.2 | 28.29 |
| 40 | Rubber and articles thereof | 28.4 | 0.06 | 95.4 | -70.22 |
| 42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | 15.1 | 0.03 | 18.3 | -17.35 |
| 44 | Wood and articles of wood; wood charcoal | 1,510.0 | 3.37 | 2,324.5 | -35.04 |
| 47 | Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard | 13.2 | 0.03 | 0.0 | ∞ |
| 48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 100.4 | 0.22 | 60.1 | 66.95 |
| 49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 835.5 | 1.86 | 1,462.3 | -42.86 |
| 56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 0.0 | 0.00 | 47.1 | -100.00 |
| 59 | Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use | 9.6 | 0.02 | 0.0 | ∞ |
| 61 | Articles of apparel and clothing accessories, knitted or crocheted | 61.4 | 0.14 | 79.4 | -22.67 |
| 62 | Articles of apparel and clothing accessories, not knitted or crocheted | 33.3 | 0.07 | 14.0 | 137.61 |
| 63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 180.0 | 0.40 | 103.1 | 74.65 |
| 64 | Footwear, gaiters and the like; parts of such articles | 9.1 | 0.02 | 25.3 | -64.18 |
| 67 | Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair | 19.0 | 0.04 | 0.0 | ∞ |
| 68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 125.6 | 0.28 | 34.7 | 262.23 |
| 69 | Ceramic products | 29.9 | 0.07 | 31.5 | -4.98 |
| 70 | Glass and glassware | 24.5 | 0.05 | 0.0 | ∞ |
| 71 | Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin | 73.5 | 0.16 | 11.8 | 522.23 |
| 72 | Iron and steel | 366.6 | 0.82 | 578.0 | -36.57 |
| 73 | Articles of iron or steel | 826.1 | 1.84 | 966.7 | -14.54 |
| 74 | Copper and articles thereof | 0.0 | 0.00 | 32.8 | -100.00 |
| 75 | Nickel and articles thereof | 0.0 | 0.00 | 3.3 | -100.00 |
| 76 | Aluminum and articles thereof | 139.1 | 0.31 | 271.5 | -48.77 |
| 79 | Zinc and articles thereof | 3.4 | 0.01 | 0.0 | ∞ |
| 80 | Tin and articles thereof | 0.0 | 0.00 | 14.7 | -100.00 |
| 81 | Other base metals; cermets; articles thereof | 0.0 | 0.00 | 3.3 | -100.00 |
| 82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 16.8 | 0.04 | 101.3 | -83.41 |
| 83 | Miscellaneous articles of base metal | 80.1 | 0.18 | 110.0 | -27.24 |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 2,197.7 | 4.90 | 2,264.7 | -2.96 |
| 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 | 1,792.6 | 4.00 | 4,052.6 | -55.77 |
| 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 | 9.5 | 0.02 | 0.0 | ∞ |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 1,676.8 | 3.74 | 1,538.4 | 8.99 |
| 88 | Aircraft, spacecraft, and parts thereof | 416.5 | 0.93 | 263.0 | 58.35 |
| 89 | Ships, boats and floating structures | 71.3 | 0.16 | 14.9 | 378.49 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 257.3 | 0.57 | 487.3 | -47.20 |
| 91 | Clocks and watches and parts thereof | 3.8 | 0.01 | 0.0 | ∞ |
| 92 | Musical instruments; parts and accessories of such articles | 0.0 | 0.00 | 3.0 | -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 | 419.7 | 0.94 | 592.2 | -29.13 |
| 95 | Toys, games and sports requisites; parts and accessories thereof | 2,146.1 | 4.79 | 290.2 | 639.63 |
| 96 | Miscellaneous manufactured articles | 68.4 | 0.15 | 34.7 | 97.01 |
| 97 | Works of art, collectors’ pieces and antiques | 5.0 | 0.01 | 0.0 | ∞ |
| 99 | Commodities not specified according to kind | 7,083.2 | 15.81 | 6,509.8 | 8.81 |
US Imports from Micronesia
The major share of US imports from Micronesia in 2017 (and in 2016) was accounted for the following product types:
- Machinery, equipment and vehicles (HS codes 84-90) - 26.08% of US total imports from Micronesia (2.75% in 2016);
- Food products and agricultural raw materials (HS codes 01-24) - 24.30% of US total imports from Micronesia (55.79% in 2016);
- Wood and wood products (HS codes 44-49) - 12.80% of US total imports from Micronesia (35.34% in 2016);
- Textiles, textile products and footwear (HS codes 50-67) - 4.19% of US total imports from Micronesia (0.00% in 2016).
The largest gains in US imports from Micronesia in 2017 over 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) - an increase of $230.3 thousand;
- Commodities not specified according to kind (HS code 99) - an increase of $223.6 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 $41.0 thousand;
- Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - an increase of $32.0 thousand;
- Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $11.4 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 $7.9 thousand;
- Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - an increase of $4.8 thousand;
- Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - an increase of $4.4 thousand;
- Footwear, gaiters and the like; parts of such articles (HS code 64) - an increase of $3.1 thousand.
The largest declines in US imports from Micronesia in 2017 over the 2016 were recorded for the following product groups:
- Products of animal origin, not elsewhere specified or included (HS code 05) - a decrease of $87.4 thousand;
- Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork (HS code 46) - a decrease of $82.6 thousand;
- Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $8.9 thousand;
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $3.1 thousand.
| HS code |
Name of product group | Value of imports in 2017 (USD thousand) |
Share in total import (%) |
Value of imports in 2016 USD thousand) |
Change in 2017 over 2016 (%) |
|---|---|---|---|---|---|
| 03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 74.0 | 7.68 | 82.9 | -10.70 |
| 05 | Products of animal origin, not elsewhere specified or included | 150.9 | 15.67 | 238.3 | -36.68 |
| 09 | Coffee, tea, maté and spices | 4.4 | 0.46 | 3.8 | 14.85 |
| 12 | Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder | 4.8 | 0.49 | 0.0 | ∞ |
| 39 | Plastics and articles thereof | 0.5 | 0.05 | 0.0 | ∞ |
| 46 | Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork | 123.3 | 12.80 | 205.9 | -40.11 |
| 61 | Articles of apparel and clothing accessories, knitted or crocheted | 32.0 | 3.32 | 0.0 | ∞ |
| 62 | Articles of apparel and clothing accessories, not knitted or crocheted | 0.9 | 0.09 | 0.0 | ∞ |
| 63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 4.4 | 0.46 | 0.0 | ∞ |
| 64 | Footwear, gaiters and the like; parts of such articles | 3.1 | 0.32 | 0.0 | ∞ |
| 83 | Miscellaneous articles of base metal | 2.2 | 0.23 | 0.0 | ∞ |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 0.0 | 0.00 | 3.1 | -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 | 20.8 | 2.16 | 13.0 | 60.51 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 230.3 | 23.91 | 0.0 | ∞ |
| 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 | 41.0 | 4.26 | 0.0 | ∞ |
| 97 | Works of art, collectors’ pieces and antiques | 11.4 | 1.18 | 0.0 | ∞ |
| 99 | Commodities not specified according to kind | 259.3 | 26.92 | 35.6 | 627.71 |