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Cocos (Keeling) Island

Cocos (Keeling) Island ranked No. 226 in total trade value through February with a total of $61,879. Exports totaled $9,153 and Imports totaled $52,726, a deficit of $43,573.

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U.S. trade with Cocos (Keeling) Island rose to $61,879 through February

Cocos (Keeling) Island’s trade with the United States rose to $61,879 through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 68.42 percent below its total trade during the same time period last year. Cocos (Keeling) Island’s exports increased 2.51 percent while imports fell 71.81 percent. The U.S. deficit with Cocos (Keeling) Island was $43,573.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Savannah, Ga.; No. 2 Miami International Airport; No. 3 Low Value; No. 4 Low-Valued Imports and Exports; and No. 5 Port of San Juan, Puerto Rico. During the same period the previous year, the top five were No. 1 Port of Tacoma, Wash. No. 2 Port of Long Beach No. 3 Port Huron Blue Water Bridge, Mich. No. 4 Miami International Airport and No. 5 Port of Baltimore, Md.. In the current time period, the top five accounted for 100 percent of Cocos (Keeling) Island’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Savannah, Ga. rose 2467.69 percent to $47,040.
    There were no exports. Imports rose 2467.69 percent to $47,040.
  • Trade with No. 2 Miami International Airport rose 2.51 percent to $8,663.
    Exports rose 2.51 percent to $8,663. There were no imports.
  • Trade with No. 3 Low Value rose 38.11 percent to $5,686.
    There were no exports. Imports rose 38.11 percent to $5,686.
  • Trade with No. 4 Low-Valued Imports and Exports rose 2.51 percent to $490.
    Exports rose 2.51 percent to $490. There were no imports.
  • Trade with No. 5 Port of San Juan, Puerto Rico fell 100 percent to $0.
    There were no exports. There were no imports.

Cocos (Keeling) Island ranked No. 226 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 223.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Cocos (Keeling) Island by value through February were the categories of Computers; and Low value shipments, respectively. They accounted for 100 percent of total exports to Cocos (Keeling) Island.

The value of the top five categories of U.S. imports from Cocos (Keeling) Island –– Bells, ornaments, photo frames, etc.; and Salvage –– accounted for 100 percent of all inbound shipments.

Looking more closely at U.S. exports to Cocos (Keeling) Island:

  • Computers totaled $8,663. The previous year, there were no exports in this category.
  • Low value shipments rose 2.51 percent compared to last year to $490.

Looking more closely at U.S. imports from Cocos (Keeling) Island:

  • Bells, ornaments, photo frames, etc. rose 868.7 percent compared to last year to $47,040.
  • Salvage rose 38.11 percent compared to last year to $5,686.

In the latest annual figures available, Cocos (Keeling) Island recorded $1.93 million in trade with the United States. At year’s end, its were Los Angeles; Miami; New York City; Houston; and Boston. Total U.S. exports to Cocos (Keeling) Island were $ 452,079 and imports from Cocos (Keeling) Island were $1.48 million. The U.S. deficit with Cocos (Keeling) Island was $1.03 million.