US trade with Micronesia in the 4th quarter of 2017

Published or Updated: Apr 11, 2018

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

US Trade with Micronesia

In the 4th quarter of 2017, US trade with Micronesia totaled $13.3 million, up 13.84% ($1.6 million) from the 4th quarter of 2016.

US exports to Micronesia in the 4th quarter of 2017 totaled $13.0 million, up 12.21% ($1.4 million) from the 4th quarter of 2016.

US imports from Micronesia in the 4th quarter of 2017 totaled $0.4 million, up 126.49% ($0.2 million) from the 4th quarter of 2016.

US trade surplus with Micronesia in the 4th quarter of 2017 was $12.6 million, a 10.54% increase ($1.2 million) over the 4th quarter of 2016.

Micronesia was the US 179th largest trading partner in the 4th quarter of 2017 (down from 175th in the 4th quarter of 2016), accounting for 0.0013% of US total trade (up from 0.0012% in the 4th quarter of 2016).

Micronesia was the US 162nd largest export market in the 4th quarter of 2017 (down from 161st in the 4th quarter of 2016), accounting for 0.0032% of US total exports (up from 0.0030% in the 4th quarter of 2016).

Micronesia was the US 197th largest supplier in the 4th quarter of 2017 (up from 205th in the 4th quarter of 2016), accounting for 0.0001% of US total imports (up from 0.0000% in the 4th quarter of 2016).

US Exports to Micronesia

The major share of US exports to Micronesia 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) - 45.52% of US total exports to Micronesia (48.68% in the 4th quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 20.48% of US total exports to Micronesia (11.71% in the 4th quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 7.35% of US total exports to Micronesia (9.39% in the 4th quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 3.36% of US total exports to Micronesia (8.54% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 2.28% of US total exports to Micronesia (2.70% in the 4th quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.04% of US total exports to Micronesia (0.49% in the 4th quarter of 2016);
  • Mineral products (HS codes 25-27) - 0.71% of US total exports to Micronesia (2.37% in the 4th quarter of 2016).

The largest gains in US exports to Micronesia 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 $938.3 thousand;
  • Meat and edible meat offal (HS code 02) - an increase of $705.8 thousand;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - an increase of $273.7 thousand;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - an increase of $212.0 thousand;
  • Tobacco and manufactured tobacco substitutes (HS code 24) - an increase of $207.9 thousand;
  • Commodities not specified according to kind (HS code 99) - an increase of $175.6 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $170.9 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 $132.0 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 $106.6 thousand;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - an increase of $89.1 thousand;
  • Edible fruit and nuts; peel of citrus fruit or melons (HS code 08) - an increase of $74.9 thousand;
  • Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - an increase of $59.0 thousand;
  • Miscellaneous articles of base metal (HS code 83) - an increase of $57.5 thousand;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - an increase of $48.0 thousand;
  • Miscellaneous chemical products (HS code 38) - an increase of $46.9 thousand;
  • Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics (HS code 32) - an increase of $44.5 thousand;
  • Products of the milling industry; malt; starches; inulin; wheat gluten (HS code 11) - an increase of $39.0 thousand.

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

  • Cereals (HS code 10) - a decrease of $521.3 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $392.5 thousand;
  • Iron and steel (HS code 72) - a decrease of $337.6 thousand;
  • Miscellaneous edible preparations (HS code 21) - a decrease of $151.3 thousand;
  • Articles of iron or steel (HS code 73) - a decrease of $140.4 thousand;
  • Aluminum and articles thereof (HS code 76) - a decrease of $124.9 thousand;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $91.7 thousand;
  • Salt; sulfur; earths and stone; plastering materials, lime and cement (HS code 25) - a decrease of $90.0 thousand;
  • Cocoa and cocoa preparations (HS code 18) - a decrease of $55.9 thousand;
  • Plastics and articles thereof (HS code 39) - a decrease of $51.1 thousand;
  • Rubber and articles thereof (HS code 40) - a decrease of $50.9 thousand;
  • Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - a decrease of $42.8 thousand.
US exports to Micronesia 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 2,092.6 16.14 1,386.850.89
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 245.3 1.89 156.257.01
05 Products of animal origin, not elsewhere specified or included 19.2 0.15 0.0
08 Edible fruit and nuts; peel of citrus fruit or melons 116.4 0.90 41.5180.29
09 Coffee, tea, maté and spices 0.0 0.00 5.1-100.00
10 Cereals 415.5 3.21 936.9-55.65
11 Products of the milling industry; malt; starches; inulin; wheat gluten 106.2 0.82 67.258.06
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 22.2 0.17 18.122.68
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 435.6 3.36 478.3-8.94
18 Cocoa and cocoa preparations 3.2 0.02 59.1-94.56
19 Preparations of cereals, flour, starch or milk; bakers’ wares 135.1 1.04 171.7-21.28
20 Preparations of vegetables, fruit, nuts or other parts of plants 77.7 0.60 94.1-17.46
21 Miscellaneous edible preparations 928.4 7.16 1,079.7-14.01
22 Beverages, spirits and vinegar 686.3 5.29 713.2-3.78
23 Residues and waste from the food industries; prepared animal feed 200.7 1.55 207.8-3.42
24 Tobacco and manufactured tobacco substitutes 415.8 3.21 207.9100.01
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 35.9 0.28 125.9-71.45
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 56.1 0.43 147.7-62.06
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 5.8 0.04 0.0
29 Organic chemicals 0.0 0.00 3.2-100.00
30 Pharmaceutical products 3.3 0.03 0.0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 121.2 0.94 76.758.07
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 23.6 0.18 39.7-40.63
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 16.1 0.12 12.133.44
38 Miscellaneous chemical products 49.5 0.38 2.61,802.84
39 Plastics and articles thereof 69.6 0.54 120.7-42.32
40 Rubber and articles thereof 5.9 0.05 56.9-89.59
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 11.5 0.09 0.0
44 Wood and articles of wood; wood charcoal 388.5 3.00 781.0-50.26
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 68.5 0.53 20.6232.91
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 495.6 3.82 283.674.75
61 Articles of apparel and clothing accessories, knitted or crocheted 42.6 0.33 23.680.58
62 Articles of apparel and clothing accessories, not knitted or crocheted 26.9 0.21 3.5662.64
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 56.5 0.44 30.088.56
64 Footwear, gaiters and the like; parts of such articles 9.1 0.07 0.0
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 72.0 0.56 13.0454.09
69 Ceramic products 4.9 0.04 0.0
70 Glass and glassware 10.8 0.08 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 9.5 0.07 0.0
72 Iron and steel 73.3 0.57 410.9-82.16
73 Articles of iron or steel 199.4 1.54 339.8-41.32
74 Copper and articles thereof 0.0 0.00 8.2-100.00
76 Aluminum and articles thereof 92.1 0.71 217.0-57.54
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 3.0 0.02 0.0
83 Miscellaneous articles of base metal 68.1 0.53 10.5546.76
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 1,273.8 9.83 335.5279.65
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 742.2 5.73 610.221.63
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 500.2 3.86 329.351.90
88 Aircraft, spacecraft, and parts thereof 61.9 0.48 24.4153.40
89 Ships, boats and floating structures 15.3 0.12 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 61.1 0.47 52.915.48
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 209.8 1.62 103.2103.32
95 Toys, games and sports requisites; parts and accessories thereof 298.7 2.30 25.11,092.26
96 Miscellaneous manufactured articles 0.0 0.00 16.2-100.00
99 Commodities not specified according to kind 1,880.2 14.50 1,704.610.30

US Imports from Micronesia

The major share of US imports from Micronesia 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) - 60.96% of US total imports from Micronesia (5.93% in the 4th quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 16.12% of US total imports from Micronesia (36.74% in the 4th quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 0.00% of US total imports from Micronesia (50.74% in the 4th quarter of 2016).

The largest gains in US imports from Micronesia in the 4th quarter of 2017 over the 4th quarter of 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 $72.4 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;
  • Miscellaneous articles of base metal (HS code 83) - an increase of $2.2 thousand.

The largest declines in US imports from Micronesia in the 4th quarter of 2017 over the 4th 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 $84.6 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 $9.9 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - a decrease of $6.1 thousand.
US imports from Micronesia 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 16.2 4.30 15.35.99
05 Products of animal origin, not elsewhere specified or included 39.9 10.57 46.0-13.16
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 4.8 1.26 0.0
46 Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork 0.0 0.00 84.6-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 1.0 0.25 0.0
83 Miscellaneous articles of base metal 2.2 0.58 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 0.0 0.00 9.9-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 230.3 60.96 0.0
99 Commodities not specified according to kind 83.4 22.08 11.0659.48
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce