US trade (export - import) with Palau in 2014

Published or Updated: Feb 09, 2017

The report on US foreign trade in goods with Palau in 2014: exports, imports, balance, product types and groups, dynamics.

US Trade with Palau

In 2014, US trade with Palau totaled $21.1 million, up 14.61% ($2.7 million) from 2013.

US exports to Palau in 2014 totaled $20.5 million, up 12.52% ($2.3 million) from 2013.

US imports from Palau in 2014 totaled $0.6 million, up 218.99% ($0.4 million) from 2013.

US trade surplus with Palau in 2014 was $19.9 million, a 10.39% increase ($1.9 million) over 2013.

Palau was the US 189th largest trading partner in 2014 (up from 191st in 2013), accounting for 0.0005% of US total trade (just as in 2013).

Palau was the US 185th largest export market in 2014 (up from 186th in 2013), accounting for 0.0013% of US total exports (up from 0.0012% in 2013).

Palau was the US 202nd largest supplier in 2014 (up from 215th in 2013), accounting for 0.0000% of US total imports (just as in 2013).

US Exports to Palau

The major share of US exports to Palau in 2014 (and in 2013) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 52.83% of US total exports to Palau (50.34% in 2013);
  • Machinery, equipment and vehicles (HS codes 84-90) - 20.88% of US total exports to Palau (18.77% in 2013);
  • Wood and wood products (HS codes 44-49) - 7.00% of US total exports to Palau (7.75% in 2013);
  • Chemical products (HS codes 28-40) - 1.83% of US total exports to Palau (1.88% in 2013);
  • Metals and products from them (HS codes 72-83) - 1.13% of US total exports to Palau (1.63% in 2013).

The largest gains in US exports to Palau in 2014 over 2013 were recorded for the following product groups:

  • Miscellaneous edible preparations (HS code 21) - an increase of $1,131.0 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $809.3 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 $724.5 thousand;
  • Edible vegetables and certain roots and tubers (HS code 07) - an increase of $501.8 thousand;
  • Commodities not specified according to kind (HS code 99) - an increase of $314.5 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $309.1 thousand;
  • Cereals (HS code 10) - an increase of $139.7 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $114.8 thousand;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $103.2 thousand;
  • Articles of iron or steel (HS code 73) - an increase of $68.5 thousand;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - an increase of $66.0 thousand.

The largest declines in US exports to Palau in 2014 over 2013 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $1,099.6 thousand;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - a decrease of $338.4 thousand;
  • Miscellaneous manufactured articles (HS code 96) - a decrease of $158.0 thousand;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - a decrease of $94.6 thousand;
  • Aluminum and articles thereof (HS code 76) - a decrease of $80.5 thousand;
  • Other vegetable textile fibers; paper yarn and woven fabric of paper yarn (HS code 53) - a decrease of $70.0 thousand;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - a decrease of $68.9 thousand.
US exports to Palau in 2014 by product groups
HS
code
Name of product group Value
of exports
in 2014
(USD thousand)
Share
in total export
(%)
Value
of exports
in 2013
(USD thousand)
Change
in 2014
over 2013
(%)
02 Meat and edible meat offal 1,397.0 6.81 1,442.1-3.13
03 Fish and crustaceans, molluscs and other aquatic invertebrates 177.7 0.87 179.1-0.78
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 406.5 1.98 340.519.39
07 Edible vegetables and certain roots and tubers 1,028.2 5.01 526.395.34
08 Edible fruit and nuts; peel of citrus fruit or melons 0.0 0.00 2.8-100.00
10 Cereals 998.1 4.86 858.416.28
11 Products of the milling industry; malt; starches; inulin; wheat gluten 119.0 0.58 116.02.54
13 Lac; gums, resins and other vegetable saps and extracts 0.0 0.00 4.0-100.00
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 112.8 0.55 207.5-45.62
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 744.2 3.63 788.6-5.63
17 Sugars and sugar confectionery 9.5 0.05 0.0
18 Cocoa and cocoa preparations 113.9 0.56 163.0-30.15
19 Preparations of cereals, flour, starch or milk; bakers’ wares 479.3 2.34 548.2-12.58
20 Preparations of vegetables, fruit, nuts or other parts of plants 204.7 1.00 146.739.48
21 Miscellaneous edible preparations 3,223.3 15.71 2,092.354.05
22 Beverages, spirits and vinegar 1,817.9 8.86 1,714.76.02
23 Residues and waste from the food industries; prepared animal feed 9.9 0.05 0.0
24 Tobacco and manufactured tobacco substitutes 0.0 0.00 51.3-100.00
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 0.0 0.00 17.8-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 89.5 0.44 37.4139.36
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 162.1 0.79 215.6-24.84
30 Pharmaceutical products 18.2 0.09 25.7-29.21
31 Fertilizers 9.3 0.05 0.0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 6.8 0.03 0.0
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 17.2 0.08 0.0
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 100.3 0.49 53.388.03
37 Photographic or cinematographic goods 0.0 0.00 13.2-100.00
38 Miscellaneous chemical products 0.0 0.00 9.2-100.00
39 Plastics and articles thereof 62.2 0.30 17.1263.18
40 Rubber and articles thereof 0.0 0.00 9.0-100.00
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 27.4 0.13 9.7181.56
44 Wood and articles of wood; wood charcoal 982.9 4.79 929.85.71
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 0.0 0.00 8.9-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 54.1 0.26 87.9-38.51
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 400.0 1.95 386.23.59
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 0.0 0.00 70.0-100.00
54 Man-made filaments 3.8 0.02 0.0
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 5.2 0.03 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 9.8 0.05 4.2134.43
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.0 0.00 6.4-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 2.5 0.01 0.0
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 2.6 0.01 26.7-90.20
69 Ceramic products 0.0 0.00 2.9-100.00
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 21.9-100.00
72 Iron and steel 0.0 0.00 27.4-100.00
73 Articles of iron or steel 139.2 0.68 70.796.94
74 Copper and articles thereof 6.0 0.03 26.4-77.25
76 Aluminum and articles thereof 70.3 0.34 150.8-53.40
83 Miscellaneous articles of base metal 17.1 0.08 22.3-23.07
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 446.9 2.18 1,546.5-71.10
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 1,107.7 5.40 383.2189.07
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 0.0 0.00 3.9-100.00
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 602.0 2.93 487.223.56
88 Aircraft, spacecraft, and parts thereof 392.1 1.91 82.9372.81
89 Ships, boats and floating structures 187.2 0.91 178.54.88
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 1,549.7 7.55 740.4109.31
91 Clocks and watches and parts thereof 0.0 0.00 52.3-100.00
93 Arms and ammunition; parts and accessories thereof 11.7 0.06 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 34.0 0.17 6.0461.91
95 Toys, games and sports requisites; parts and accessories thereof 40.5 0.20 379.0-89.30
96 Miscellaneous manufactured articles 170.3 0.83 328.3-48.12
97 Works of art, collectors’ pieces and antiques 19.0 0.09 0.0
99 Commodities not specified according to kind 2,931.7 14.29 2,617.212.02

US Imports from Palau

The major share of US imports from Palau in 2014 (and in 2013) was accounted for the following product types:

  • Wood and wood products (HS codes 44-49) - 18.31% of US total imports from Palau (1.94% in 2013);
  • Food products and agricultural raw materials (HS codes 01-24) - 17.07% of US total imports from Palau (24.81% in 2013);
  • Machinery, equipment and vehicles (HS codes 84-90) - 13.67% of US total imports from Palau (24.82% in 2013);
  • Precious metals and stones (HS code 71) - 0.00% of US total imports from Palau (29.74% in 2013).
  • Mineral products (HS codes 25-27) - 0.00% of US total imports from Palau (1.76% in 2013).

The largest gains in US imports from Palau in 2014 over 2013 were recorded for the following product groups:

  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $164.5 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - an increase of $109.0 thousand;
  • Commodities not specified according to kind (HS code 99) - an increase of $103.8 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $65.3 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $59.4 thousand;
  • Miscellaneous articles of base metal (HS code 83) - an increase of $3.4 thousand.

The largest declines in US imports from Palau in 2014 over the 2013 were recorded for the following product groups:

  • Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin (HS code 71) - a decrease of $55.5 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 $30.3 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - a decrease of $4.1 thousand;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - a decrease of $3.6 thousand;
  • Salt; sulfur; earths and stone; plastering materials, lime and cement (HS code 25) - a decrease of $3.3 thousand.
US imports from Palau in 2014 by product groups
HS
code
Name of product group Value
of imports
in 2014
(USD thousand)
Share
in total import
(%)
Value
of imports
in 2013
USD thousand)
Change
in 2014
over 2013
(%)
03 Fish and crustaceans, molluscs and other aquatic invertebrates 101.6 17.07 42.2140.70
05 Products of animal origin, not elsewhere specified or included 0.0 0.00 4.1-100.00
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 0.0 0.00 3.3-100.00
44 Wood and articles of wood; wood charcoal 109.0 18.31 0.0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 0.0 0.00 3.6-100.00
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 55.5-100.00
83 Miscellaneous articles of base metal 3.4 0.57 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 65.3 10.97 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 16.0 2.69 46.3-65.36
97 Works of art, collectors’ pieces and antiques 176.8 29.70 12.31,337.97
99 Commodities not specified according to kind 123.1 20.68 19.3537.65
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce