US trade (export - import) with Palau in 2017

Published or Updated: Apr 11, 2018

The report on US foreign trade in goods with Palau in 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Palau

In 2017, US trade with Palau was $20.1 million, down 25.63% ($6.9 million) from 2016.

US exports to Palau in 2017 were $19.4 million, down 24.34% ($6.3 million) from 2016.

US imports from Palau in 2017 were $0.7 million, down 50.70% ($0.7 million) from 2016.

US trade surplus with Palau in 2017 was $18.8 million, a 22.91% decrease ($5.6 million) over 2016.

Palau was the US 185th largest trading partner in 2017 (down from 181st in 2016), accounting for 0.0005% of US total trade (down from 0.0007% in 2016).

Palau was the US 179th largest export market in 2017 (down from 177th in 2016), accounting for 0.0013% of US total exports (down from 0.0018% in 2016).

Palau was the US 209th largest supplier in 2017 (down from 201st in 2016), accounting for 0.0000% of US total imports (down from 0.0001% in 2016).

US Exports to Palau

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

  • Food products and agricultural raw materials (HS codes 01-24) - 52.37% of US total exports to Palau (41.66% in 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 13.45% of US total exports to Palau (29.65% in 2016);
  • Wood and wood products (HS codes 44-49) - 6.65% of US total exports to Palau (5.78% in 2016);
  • Chemical products (HS codes 28-40) - 2.64% of US total exports to Palau (5.24% in 2016);
  • Metals and products from them (HS codes 72-83) - 1.82% of US total exports to Palau (1.04% in 2016).

The largest gains in US exports to Palau in 2017 over 2016 were recorded for the following product groups:

  • Meat and edible meat offal (HS code 02) - an increase of $1,149.4 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) - an increase of $973.7 thousand;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $133.9 thousand;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - an increase of $96.3 thousand;
  • Edible vegetables and certain roots and tubers (HS code 07) - an increase of $77.5 thousand;
  • Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) (HS code 42) - an increase of $70.7 thousand;
  • Miscellaneous chemical products (HS code 38) - an increase of $69.0 thousand;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - an increase of $68.1 thousand.

The largest declines in US exports to Palau 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) - a decrease of $2,810.2 thousand;
  • Miscellaneous edible preparations (HS code 21) - a decrease of $894.2 thousand;
  • Commodities not specified according to kind (HS code 99) - a decrease of $875.2 thousand;
  • Plastics and articles thereof (HS code 39) - a decrease of $795.8 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $785.1 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $697.8 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 $483.1 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $355.2 thousand;
  • Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - a decrease of $282.3 thousand;
  • Cereals (HS code 10) - a decrease of $229.8 thousand;
  • Ships, boats and floating structures (HS code 89) - a decrease of $221.2 thousand;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - a decrease of $115.4 thousand;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - a decrease of $112.3 thousand;
  • Beverages, spirits and vinegar (HS code 22) - a decrease of $103.0 thousand;
  • Products of the milling industry; malt; starches; inulin; wheat gluten (HS code 11) - a decrease of $73.8 thousand;
  • Tobacco and manufactured tobacco substitutes (HS code 24) - a decrease of $72.7 thousand;
  • Cocoa and cocoa preparations (HS code 18) - a decrease of $69.1 thousand.
US exports to Palau in 2017 by product groups
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 3,305.3 17.01 2,155.953.32
03 Fish and crustaceans, molluscs and other aquatic invertebrates 316.2 1.63 284.211.28
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 517.9 2.67 473.99.28
07 Edible vegetables and certain roots and tubers 776.2 3.99 698.711.09
08 Edible fruit and nuts; peel of citrus fruit or melons 0.0 0.00 2.9-100.00
10 Cereals 445.2 2.29 675.0-34.05
11 Products of the milling industry; malt; starches; inulin; wheat gluten 99.0 0.51 172.8-42.71
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 83.7 0.43 108.9-23.17
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 118.2 0.61 400.6-70.48
18 Cocoa and cocoa preparations 50.2 0.26 119.2-57.92
19 Preparations of cereals, flour, starch or milk; bakers’ wares 453.3 2.33 469.6-3.46
20 Preparations of vegetables, fruit, nuts or other parts of plants 106.0 0.55 147.4-28.09
21 Miscellaneous edible preparations 2,294.2 11.81 3,188.4-28.04
22 Beverages, spirits and vinegar 1,611.1 8.29 1,714.1-6.01
23 Residues and waste from the food industries; prepared animal feed 0.0 0.00 16.4-100.00
24 Tobacco and manufactured tobacco substitutes 0.0 0.00 72.7-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 175.2 0.90 41.2324.70
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 91.5 0.47 149.6-38.84
29 Organic chemicals 23.3 0.12 8.2184.06
30 Pharmaceutical products 38.1 0.20 35.86.45
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 43.4 0.22 0.0
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 2.7 0.01 118.1-97.68
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 98.4 0.51 92.86.08
37 Photographic or cinematographic goods 0.0 0.00 2.6-100.00
38 Miscellaneous chemical products 69.0 0.36 0.0
39 Plastics and articles thereof 137.7 0.71 933.5-85.24
40 Rubber and articles thereof 8.1 0.04 4.578.16
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 85.1 0.44 14.4490.13
43 Furskins and artificial fur; manufactures thereof 20.3 0.10 0.0
44 Wood and articles of wood; wood charcoal 792.5 4.08 1,147.6-30.95
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 130.2 0.67 62.0109.83
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 370.3 1.91 274.035.15
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0.0 0.00 12.0-100.00
57 Carpets and other textile floor coverings 0.0 0.00 4.3-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 5.2 0.03 2.698.81
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.0 0.00 112.3-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 3.5 0.02 12.5-72.25
64 Footwear, gaiters and the like; parts of such articles 0.0 0.00 2.9-100.00
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 66.8 0.34 37.677.69
69 Ceramic products 3.5 0.02 0.0
70 Glass and glassware 0.0 0.00 14.5-100.00
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 4.1 0.02 0.0
72 Iron and steel 24.1 0.12 0.0
73 Articles of iron or steel 273.8 1.41 238.015.08
74 Copper and articles thereof 8.8 0.05 0.0
76 Aluminum and articles thereof 41.2 0.21 23.376.57
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0.0 0.00 2.8-100.00
83 Miscellaneous articles of base metal 5.9 0.03 3.378.27
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 835.2 4.30 1,533.0-45.52
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 539.5 2.78 1,022.6-47.24
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 460.9 2.37 1,246.0-63.01
88 Aircraft, spacecraft, and parts thereof 83.8 0.43 88.3-5.04
89 Ships, boats and floating structures 41.7 0.21 263.0-84.13
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 652.6 3.36 3,462.8-81.15
91 Clocks and watches and parts thereof 0.0 0.00 8.4-100.00
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 1,058.9 5.45 85.21,142.78
95 Toys, games and sports requisites; parts and accessories thereof 10.4 0.05 23.7-56.09
96 Miscellaneous manufactured articles 212.6 1.09 185.914.36
97 Works of art, collectors’ pieces and antiques 3.8 0.02 4.4-13.19
99 Commodities not specified according to kind 2,834.0 14.58 3,709.2-23.59

US Imports from Palau

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

  • Food products and agricultural raw materials (HS codes 01-24) - 56.73% of US total imports from Palau (39.32% in 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 17.65% of US total imports from Palau (19.32% in 2016);
  • Wood and wood products (HS codes 44-49) - 1.71% of US total imports from Palau (0.00% in 2016).

The largest gains in US imports from Palau in 2017 over 2016 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $105.5 thousand;
  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $23.1 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - an increase of $17.7 thousand;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - an increase of $11.2 thousand.

The largest declines in US imports from Palau in 2017 over the 2016 were recorded for the following product groups:

  • Commodities not specified according to kind (HS code 99) - a decrease of $372.5 thousand;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $227.1 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $142.3 thousand;
  • Toys, games and sports requisites; parts and accessories thereof (HS code 95) - a decrease of $40.1 thousand;
  • Live animals (HS code 01) - a decrease of $25.3 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) - a decrease of $16.4 thousand;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - a decrease of $2.8 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $2.3 thousand.
US imports from Palau in 2017 by product groups
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
(%)
01 Live animals 35.9 5.52 61.2-41.26
03 Fish and crustaceans, molluscs and other aquatic invertebrates 315.6 48.49 457.9-31.07
05 Products of animal origin, not elsewhere specified or included 17.7 2.72 0.0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 11.2 1.71 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 0.0 0.00 2.8-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 109.2 16.78 3.72,821.97
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 5.7 0.87 22.1-74.36
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 0.0 0.00 2.3-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 0.0 0.00 227.1-100.00
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 5.5 0.85 3.750.35
95 Toys, games and sports requisites; parts and accessories thereof 0.0 0.00 40.1-100.00
97 Works of art, collectors’ pieces and antiques 32.5 4.99 9.4246.23
99 Commodities not specified according to kind 117.6 18.06 490.1-76.01
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce