US trade with Micronesia in the 3rd quarter of 2017

Published or Updated: Apr 01, 2018

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

US Trade with Micronesia

In the 3rd quarter of 2017, US trade with Micronesia totaled $11.7 million, up 18.29% ($1.8 million) from the 3rd quarter of 2016.

US exports to Micronesia in the 3rd quarter of 2017 totaled $11.4 million, up 17.55% ($1.7 million) from the 3rd quarter of 2016.

US imports from Micronesia in the 3rd quarter of 2017 totaled $0.3 million, up 62.87% ($0.1 million) from the 3rd quarter of 2016.

US trade surplus with Micronesia in the 3rd quarter of 2017 was $11.1 million, a 16.78% increase ($1.6 million) over the 3rd quarter of 2016.

Micronesia was the US 176th largest trading partner in the 3rd quarter of 2017 (just as in the 3rd quarter of 2016), accounting for 0.0012% of US total trade (just as in the 3rd quarter of 2016).

Micronesia was the US 164th largest export market in the 3rd quarter of 2017 (just as in the 3rd quarter of 2016), accounting for 0.0030% of US total exports (up from 0.0028% in the 3rd quarter of 2016).

Micronesia was the US 204th largest supplier in the 3rd quarter of 2017 (down from 203rd in the 3rd quarter of 2016), accounting for 0.0000% of US total imports (just as in the 3rd quarter of 2016).

US Exports to Micronesia

The major share of US exports to Micronesia 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) - 47.44% of US total exports to Micronesia (42.22% in the 3rd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 16.96% of US total exports to Micronesia (18.32% in the 3rd quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 6.08% of US total exports to Micronesia (11.42% in the 3rd quarter of 2016);
  • Chemical products (HS codes 28-40) - 3.70% of US total exports to Micronesia (2.69% in the 3rd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 2.96% of US total exports to Micronesia (3.59% in the 3rd quarter of 2016);
  • Mineral products (HS codes 25-27) - 2.69% of US total exports to Micronesia (1.33% in the 3rd quarter of 2016).

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

  • Meat and edible meat offal (HS code 02) - an increase of $647.2 thousand;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - an increase of $426.0 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $335.0 thousand;
  • Cereals (HS code 10) - an increase of $291.7 thousand;
  • Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - an increase of $222.2 thousand;
  • Plastics and articles thereof (HS code 39) - an increase of $191.7 thousand;
  • Salt; sulfur; earths and stone; plastering materials, lime and cement (HS code 25) - an increase of $156.2 thousand;
  • Edible fruit and nuts; peel of citrus fruit or melons (HS code 08) - an increase of $103.8 thousand;
  • Articles of iron or steel (HS code 73) - an increase of $92.8 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $79.6 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - an increase of $73.2 thousand;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - an increase of $65.0 thousand;
  • Ships, boats and floating structures (HS code 89) - an increase of $56.0 thousand;
  • Miscellaneous manufactured articles (HS code 96) - an increase of $47.2 thousand;
  • Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - an increase of $42.7 thousand;
  • Tobacco and manufactured tobacco substitutes (HS code 24) - an increase of $38.4 thousand;
  • Preparations of vegetables, fruit, nuts or other parts of plants (HS code 20) - an increase of $35.7 thousand;
  • Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - an increase of $34.9 thousand.

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

  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - a decrease of $483.5 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) - a decrease of $226.4 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $192.7 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 $102.9 thousand;
  • Miscellaneous articles of base metal (HS code 83) - a decrease of $95.1 thousand;
  • Beverages, spirits and vinegar (HS code 22) - a decrease of $69.7 thousand;
  • Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - a decrease of $41.7 thousand.
US exports to Micronesia 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 1,762.4 15.47 1,115.358.03
03 Fish and crustaceans, molluscs and other aquatic invertebrates 6.8 0.06 5.717.69
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 208.8 1.83 143.845.20
07 Edible vegetables and certain roots and tubers 3.1 0.03 0.0
08 Edible fruit and nuts; peel of citrus fruit or melons 115.2 1.01 11.4912.96
09 Coffee, tea, maté and spices 5.6 0.05 3.465.44
10 Cereals 963.8 8.46 672.143.39
11 Products of the milling industry; malt; starches; inulin; wheat gluten 88.5 0.78 103.7-14.59
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 3.7 0.03 10.1-63.38
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 576.4 5.06 354.262.73
18 Cocoa and cocoa preparations 3.7 0.03 19.9-81.53
19 Preparations of cereals, flour, starch or milk; bakers’ wares 111.7 0.98 102.88.63
20 Preparations of vegetables, fruit, nuts or other parts of plants 79.5 0.70 43.881.47
21 Miscellaneous edible preparations 696.4 6.11 698.4-0.29
22 Beverages, spirits and vinegar 529.1 4.65 598.8-11.64
23 Residues and waste from the food industries; prepared animal feed 174.7 1.53 171.91.62
24 Tobacco and manufactured tobacco substitutes 73.3 0.64 34.9110.04
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 168.2 1.48 12.01,302.64
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 137.9 1.21 117.117.81
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 6.6 0.06 18.3-64.00
29 Organic chemicals 0.0 0.00 6.9-100.00
31 Fertilizers 2.7 0.02 2.72.35
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 78.1 0.69 87.4-10.68
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 22.9 0.20 15.349.89
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 13.5 0.12 4.3209.98
38 Miscellaneous chemical products 0.0 0.00 18.5-100.00
39 Plastics and articles thereof 293.8 2.58 102.1187.89
40 Rubber and articles thereof 3.5 0.03 5.2-33.28
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 5.3-100.00
44 Wood and articles of wood; wood charcoal 474.0 4.16 400.818.27
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 2.7 0.02 0.0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 4.8 0.04 12.2-60.56
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 210.4 1.85 693.9-69.68
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0.0 0.00 41.7-100.00
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 3.1 0.03 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 4.1 0.04 29.2-86.15
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 57.7 0.51 14.9286.13
64 Footwear, gaiters and the like; parts of such articles 0.0 0.00 6.2-100.00
67 Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles of human hair 19.0 0.17 0.0
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 43.6 0.38 8.7400.64
69 Ceramic products 2.9 0.03 31.5-90.74
70 Glass and glassware 3.1 0.03 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 3.5-100.00
72 Iron and steel 128.1 1.13 121.45.55
73 Articles of iron or steel 172.0 1.51 79.2117.10
76 Aluminum and articles thereof 33.5 0.29 32.82.15
79 Zinc and articles thereof 3.4 0.03 0.0
80 Tin and articles thereof 0.0 0.00 14.7-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0.0 0.00 4.0-100.00
83 Miscellaneous articles of base metal 0.0 0.00 95.1-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 396.2 3.48 588.9-32.72
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 492.6 4.33 595.5-17.29
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 698.6 6.13 363.692.14
88 Aircraft, spacecraft, and parts thereof 227.2 1.99 147.653.94
89 Ships, boats and floating structures 56.0 0.49 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 61.4 0.54 79.6-22.97
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 42.9 0.38 269.3-84.08
95 Toys, games and sports requisites; parts and accessories thereof 426.0 3.74 0.0
96 Miscellaneous manufactured articles 50.0 0.44 2.81,700.50
97 Works of art, collectors’ pieces and antiques 5.0 0.04 0.0

US Imports from Micronesia

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

  • Wood and wood products (HS codes 44-49) - 23.99% of US total imports from Micronesia (34.19% in the 3rd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 21.46% of US total imports from Micronesia (58.87% in the 3rd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 6.25% of US total imports from Micronesia (0.00% in the 3rd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.20% of US total imports from Micronesia (0.00% in the 3rd quarter of 2016).

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

  • 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;
  • 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 $16.5 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $12.0 thousand;
  • Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork (HS code 46) - an increase of $7.9 thousand;
  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $2.3 thousand;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - an increase of $2.3 thousand;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - an increase of $0.9 thousand.

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

  • Products of animal origin, not elsewhere specified or included (HS code 05) - a decrease of $46.9 thousand;
  • Coffee, tea, maté and spices (HS code 09) - a decrease of $3.8 thousand.
US imports from Micronesia 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 24.9 9.46 12.993.46
05 Products of animal origin, not elsewhere specified or included 31.6 12.00 78.5-59.73
09 Coffee, tea, maté and spices 0.0 0.00 3.8-100.00
39 Plastics and articles thereof 0.5 0.18 0.0
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 63.2 23.99 55.314.28
61 Articles of apparel and clothing accessories, knitted or crocheted 2.3 0.87 0.0
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.9 0.33 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 16.5 6.25 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 15.56 0.0
97 Works of art, collectors’ pieces and antiques 2.3 0.89 0.0
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce