US trade with Palau in the 4th quarter of 2017

Published or Updated: Apr 11, 2018

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

US Trade with Palau

In the 4th quarter of 2017, US trade with Palau totaled $6.3 million, up 4.26% ($0.3 million) from the 4th quarter of 2016.

US exports to Palau in the 4th quarter of 2017 totaled $6.1 million, up 9.57% ($0.5 million) from the 4th quarter of 2016.

US imports from Palau in the 4th quarter of 2017 were $0.2 million, down 59.79% ($0.3 million) from the 4th quarter of 2016.

US trade surplus with Palau in the 4th quarter of 2017 was $5.9 million, a 15.83% increase ($0.8 million) over the 4th quarter of 2016.

Palau was the US 186th largest trading partner in the 4th quarter of 2017 (down from 184th in the 4th quarter of 2016), accounting for 0.0006% of US total trade (just as in the 4th quarter of 2016).

Palau was the US 179th largest export market in the 4th quarter of 2017 (down from 178th in the 4th quarter of 2016), accounting for 0.0015% of US total exports (just as in the 4th quarter of 2016).

Palau was the US 203rd largest supplier in the 4th quarter of 2017 (down from 188th in the 4th quarter of 2016), accounting for 0.0000% of US total imports (down from 0.0001% in the 4th quarter of 2016).

US Exports to Palau

The major share of US exports to Palau 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) - 40.21% of US total exports to Palau (47.90% in the 4th quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 12.34% of US total exports to Palau (22.27% in the 4th quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 6.45% of US total exports to Palau (8.16% in the 4th quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 2.53% of US total exports to Palau (1.89% in the 4th quarter of 2016);
  • Mineral products (HS codes 25-27) - 2.15% of US total exports to Palau (0.64% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 1.96% of US total exports to Palau (2.84% in the 4th quarter of 2016).

The largest gains in US exports to Palau in the 4th quarter of 2017 over the 4th 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 $983.4 thousand;
  • Meat and edible meat offal (HS code 02) - an increase of $180.1 thousand;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $95.4 thousand;
  • Commodities not specified according to kind (HS code 99) - an increase of $77.4 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 $76.3 thousand;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - an increase of $65.0 thousand;
  • Miscellaneous chemical products (HS code 38) - an increase of $64.0 thousand;
  • Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - an increase of $54.2 thousand;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - an increase of $36.1 thousand;
  • Articles of iron or steel (HS code 73) - an increase of $25.7 thousand;
  • Aluminum and articles thereof (HS code 76) - an increase of $23.4 thousand.

The largest declines in US exports to Palau 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) - a decrease of $215.2 thousand;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $135.5 thousand;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $128.8 thousand;
  • Beverages, spirits and vinegar (HS code 22) - a decrease of $116.6 thousand;
  • Plastics and articles thereof (HS code 39) - a decrease of $94.0 thousand;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $77.5 thousand;
  • Miscellaneous edible preparations (HS code 21) - a decrease of $74.6 thousand;
  • Cereals (HS code 10) - a decrease of $71.6 thousand;
  • Cocoa and cocoa preparations (HS code 18) - a decrease of $60.2 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 $52.5 thousand;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - a decrease of $50.6 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $41.1 thousand;
  • Tobacco and manufactured tobacco substitutes (HS code 24) - a decrease of $25.9 thousand;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - a decrease of $24.2 thousand.
US exports to Palau 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 835.4 13.72 655.427.48
03 Fish and crustaceans, molluscs and other aquatic invertebrates 35.4 0.58 76.5-53.71
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 118.2 1.94 82.143.96
07 Edible vegetables and certain roots and tubers 189.8 3.12 178.76.21
08 Edible fruit and nuts; peel of citrus fruit or melons 0.0 0.00 2.9-100.00
10 Cereals 74.6 1.23 146.3-48.97
11 Products of the milling industry; malt; starches; inulin; wheat gluten 22.0 0.36 33.0-33.33
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 19.5 0.32 18.74.07
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 26.3 0.43 29.7-11.53
18 Cocoa and cocoa preparations 16.8 0.28 77.0-78.22
19 Preparations of cereals, flour, starch or milk; bakers’ wares 118.5 1.95 169.2-29.93
20 Preparations of vegetables, fruit, nuts or other parts of plants 32.2 0.53 16.0101.23
21 Miscellaneous edible preparations 568.9 9.34 643.5-11.59
22 Beverages, spirits and vinegar 391.6 6.43 508.2-22.94
24 Tobacco and manufactured tobacco substitutes 0.0 0.00 25.9-100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 130.9 2.15 35.5268.80
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 7.2 0.12 11.4-36.84
30 Pharmaceutical products 0.0 0.00 3.1-100.00
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 2.9 0.05 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 34.6 0.57 39.4-12.22
37 Photographic or cinematographic goods 0.0 0.00 2.6-100.00
38 Miscellaneous chemical products 64.0 1.05 0.0
39 Plastics and articles thereof 2.7 0.04 96.7-97.23
40 Rubber and articles thereof 8.1 0.13 4.578.16
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 76.3 1.25 0.0
44 Wood and articles of wood; wood charcoal 181.8 2.98 310.7-41.48
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 80.6 1.32 15.6416.36
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 130.3 2.14 127.62.06
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.0 0.00 24.2-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 3.5 0.06 0.0
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 54.2 0.89 0.0
69 Ceramic products 3.5 0.06 0.0
70 Glass and glassware 0.0 0.00 4.5-100.00
73 Articles of iron or steel 120.7 1.98 94.927.10
76 Aluminum and articles thereof 33.4 0.55 10.0233.79
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 238.3 3.91 373.8-36.26
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 139.3 2.29 191.8-27.36
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 335.4 5.51 412.9-18.78
88 Aircraft, spacecraft, and parts thereof 0.0 0.00 5.5-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 38.7 0.63 253.8-84.77
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 1,007.7 16.54 24.34,054.00
95 Toys, games and sports requisites; parts and accessories thereof 3.1 0.05 0.0
96 Miscellaneous manufactured articles 51.9 0.85 37.737.65
99 Commodities not specified according to kind 893.2 14.66 815.79.49

US Imports from Palau

The major share of US imports from Palau 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) - 66.46% of US total imports from Palau (30.51% in the 4th quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 29.57% of US total imports from Palau (0.00% in the 4th quarter of 2016).

The largest gains in US imports from Palau 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 $49.1 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - an increase of $9.4 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 $5.7 thousand.

The largest declines in US imports from Palau in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Commodities not specified according to kind (HS code 99) - a decrease of $312.5 thousand;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $19.5 thousand;
  • Live animals (HS code 01) - a decrease of $7.3 thousand.
US imports from Palau 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
(%)
01 Live animals 0.0 0.00 7.3-100.00
03 Fish and crustaceans, molluscs and other aquatic invertebrates 113.7 61.40 133.1-14.63
05 Products of animal origin, not elsewhere specified or included 9.4 5.06 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 49.1 26.51 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 5.7 3.06 0.0
99 Commodities not specified according to kind 7.3 3.97 319.9-97.70
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce