US trade with Micronesia in the 1st quarter of 2017

Published or Updated: Aug 08, 2017

The report on US foreign trade in goods with Micronesia in the 1st quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Micronesia

In the 1st quarter of 2017, US trade with Micronesia was $9.1 million, down 7.61% ($0.7 million) from the 1st quarter of 2016.

US exports to Micronesia in the 1st quarter of 2017 were $8.9 million, down 7.77% ($0.8 million) from the 1st quarter of 2016.

US imports from Micronesia in the 1st quarter of 2017 totaled $0.1 million, up 4.59% ($0.0 million) from the 1st quarter of 2016.

US trade surplus with Micronesia in the 1st quarter of 2017 was $8.8 million, a 7.95% decrease ($0.8 million) over the 1st quarter of 2016.

Micronesia was the US 179th largest trading partner in the 1st quarter of 2017 (down from 175th in the 1st quarter of 2016), accounting for 0.0010% of US total trade (down from 0.0011% in the 1st quarter of 2016).

Micronesia was the US 169th largest export market in the 1st quarter of 2017 (down from 162nd in the 1st quarter of 2016), accounting for 0.0024% of US total exports (down from 0.0028% in the 1st quarter of 2016).

Micronesia was the US 205th largest supplier in the 1st quarter of 2017 (down from 204th in the 1st quarter of 2016), accounting for 0.0000% of US total imports (just as in the 1st quarter of 2016).

US Exports to Micronesia

The major share of US exports to Micronesia in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 54.31% of US total exports to Micronesia (42.12% in the 1st quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 9.21% of US total exports to Micronesia (16.09% in the 1st quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 5.23% of US total exports to Micronesia (11.21% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 3.03% of US total exports to Micronesia (4.02% in the 1st quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 1.44% of US total exports to Micronesia (6.15% in the 1st quarter of 2016);
  • Mineral products (HS codes 25-27) - 1.10% of US total exports to Micronesia (1.30% in the 1st quarter of 2016).

The largest gains in US exports to Micronesia in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - an increase of $624.4 thousand;
  • Meat and edible meat offal (HS code 02) - an increase of $152.0 thousand;
  • Miscellaneous edible preparations (HS code 21) - an increase of $137.6 thousand;
  • Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - an increase of $108.5 thousand;
  • Preparations of vegetables, fruit, nuts or other parts of plants (HS code 20) - an increase of $100.5 thousand;
  • Edible fruit and nuts; peel of citrus fruit or melons (HS code 08) - an increase of $94.7 thousand;
  • Cereals (HS code 10) - an increase of $83.4 thousand;
  • Residues and waste from the food industries; prepared animal feed (HS code 23) - an increase of $60.4 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 $58.7 thousand;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - an increase of $34.7 thousand;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $31.3 thousand.

The largest declines in US exports to Micronesia in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $376.4 thousand;
  • Articles of iron or steel (HS code 73) - a decrease of $368.4 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $291.2 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $265.3 thousand;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - a decrease of $250.6 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $217.4 thousand;
  • Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics (HS code 32) - a decrease of $161.3 thousand;
  • Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal (HS code 82) - a decrease of $54.9 thousand;
  • Iron and steel (HS code 72) - a decrease of $45.7 thousand;
  • Cocoa and cocoa preparations (HS code 18) - a decrease of $31.9 thousand;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $29.2 thousand.
US exports to Micronesia in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q1 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
02 Meat and edible meat offal 1,261.1 14.09 1,109.213.70
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 183.9 2.06 149.223.27
07 Edible vegetables and certain roots and tubers 18.5 0.21 0.0
08 Edible fruit and nuts; peel of citrus fruit or melons 101.7 1.14 7.01,353.00
09 Coffee, tea, maté and spices 5.4 0.06 0.0
10 Cereals 597.6 6.68 514.216.21
11 Products of the milling industry; malt; starches; inulin; wheat gluten 75.2 0.84 77.3-2.73
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 20.1 0.22 41.2-51.25
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 474.9 5.31 366.329.63
18 Cocoa and cocoa preparations 0.0 0.00 31.9-100.00
19 Preparations of cereals, flour, starch or milk; bakers’ wares 149.2 1.67 130.014.80
20 Preparations of vegetables, fruit, nuts or other parts of plants 104.1 1.16 3.62,807.85
21 Miscellaneous edible preparations 741.9 8.29 604.322.77
22 Beverages, spirits and vinegar 792.9 8.86 761.64.11
23 Residues and waste from the food industries; prepared animal feed 171.0 1.91 110.654.57
24 Tobacco and manufactured tobacco substitutes 163.0 1.82 181.3-10.13
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 28.9 0.32 27.35.72
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 69.3 0.77 98.4-29.64
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 22.3 0.25 13.762.48
29 Organic chemicals 3.2 0.04 0.0
30 Pharmaceutical products 2.6 0.03 0.0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 70.4 0.79 231.7-69.60
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 30.5 0.34 25.121.55
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 28.3 0.32 11.4148.63
38 Miscellaneous chemical products 26.0 0.29 0.0
39 Plastics and articles thereof 68.6 0.77 88.4-22.38
40 Rubber and articles thereof 19.0 0.21 19.6-3.15
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 10.5-100.00
44 Wood and articles of wood; wood charcoal 346.1 3.87 722.4-52.10
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 10.5 0.12 0.0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 11.4 0.13 14.1-19.01
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 100.4 1.12 350.9-71.40
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0.0 0.00 5.4-100.00
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 6.5 0.07 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 4.1 0.05 11.6-65.19
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 24.1 0.27 32.1-24.84
64 Footwear, gaiters and the like; parts of such articles 0.0 0.00 4.5-100.00
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 10.0 0.11 0.0
69 Ceramic products 22.1 0.25 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 0.0 0.00 5.8-100.00
72 Iron and steel 0.0 0.00 45.7-100.00
73 Articles of iron or steel 99.4 1.11 467.8-78.75
74 Copper and articles thereof 0.0 0.00 4.0-100.00
75 Nickel and articles thereof 0.0 0.00 3.3-100.00
76 Aluminum and articles thereof 6.5 0.07 4.064.18
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 13.8 0.15 68.7-79.94
83 Miscellaneous articles of base metal 9.1 0.10 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 269.4 3.01 486.9-44.66
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 233.6 2.61 174.933.60
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 238.9 2.67 530.1-54.93
88 Aircraft, spacecraft, and parts thereof 53.5 0.60 76.0-29.64
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 28.5 0.32 293.7-90.31
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 73.7 0.82 63.416.32
95 Toys, games and sports requisites; parts and accessories thereof 838.5 9.37 214.1291.67
96 Miscellaneous manufactured articles 12.9 0.14 7.962.92

US Imports from Micronesia

The major share of US imports from Micronesia in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 29.82% of US total imports from Micronesia (46.70% in the 1st quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 14.83% of US total imports from Micronesia (0.00% in the 1st quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 0.00% of US total imports from Micronesia (2.31% in the 1st quarter of 2016).
  • Wood and wood products (HS codes 44-49) - 0.00% of US total imports from Micronesia (49.92% in the 1st quarter of 2016).

The largest gains in US imports from Micronesia in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - an increase of $16.1 thousand;
  • Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - an increase of $4.4 thousand.

The largest declines in US imports from Micronesia in the 1st quarter of 2017 over the 1st quarter of 2016 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 $65.9 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - a decrease of $19.9 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $3.1 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $0.6 thousand.
US imports from Micronesia in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q1 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 10.6 7.65 11.1-5.08
05 Products of animal origin, not elsewhere specified or included 30.6 22.17 50.6-39.41
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 0.0 0.00 65.9-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 16.1 11.64 0.0
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 4.4 3.18 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 0.0 0.00 3.1-100.00
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce