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Federated States of Micronesia

Federated States of Micronesia ranked No. 185 in total trade value through August with a total of $29.29 million. Exports totaled $28.82 million and Imports totaled $465,813, a surplus of $28.36 million.

U.S. trade with Federated States of Micronesia rose to $29.29 million through August

Federated States of Micronesia’s trade with the United States rose to $29.29 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.79 percent below its total trade during the same time period last year. U.S. exports to Federated States of Micronesia decreased 3.92 percent while U.S. imports from Federated States of Micronesia rose 4.99 percent. The U.S. surplus with Federated States of Micronesia was $28.36 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Oakland, Calif.; No. 2 Port of Long Beach; No. 3 Low-Valued Imports and Exports; No. 4 Port of Honolulu, Hawaii; and No. 5 Port of Los Angeles. During the same period the previous year, the top five were No. 1 Port of Oakland, Calif. No. 2 Port of Honolulu, Hawaii No. 3 Port of Long Beach No. 4 Low-Valued Imports and Exports and No. 5 Port of Los Angeles. In the current time period, the top five accounted for 84.93 percent of Federated States of Micronesia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Oakland, Calif. fell 11.33 percent to $10.05 million.
    Exports fell 11.33 percent to $10.05 million. There were no imports.
  • Trade with No. 2 Port of Long Beach rose 13.87 percent to $5.78 million.
    Exports rose 13.87 percent to $5.78 million. There were no imports.
  • Trade with No. 3 Low-Valued Imports and Exports fell 6.63 percent to $4.05 million.
    Exports fell 6.63 percent to $4.05 million. There were no imports.
  • Trade with No. 4 Port of Honolulu, Hawaii fell 41.81 percent to $3.22 million.
    Exports fell 42.51 percent to $3.16 million. Imports rose 65.18 percent to $59,340.
  • Trade with No. 5 Port of Los Angeles rose 95.58 percent to $1.78 million.
    Exports rose 94.55 percent to $1.77 million. Imports totaled $9,415.

Federated States of Micronesia ranked No. 185 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 185.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Federated States of Micronesia by value through August were the categories of Low value shipments; Chicken and other poultry; Books, brochures; Rice; and Prepared foods, beverages, respectively. They accounted for 37.98 percent of total exports to Federated States of Micronesia.

The value of the top five categories of U.S. imports from Federated States of Micronesia –– Coral, shell of mollusks; Basketwork, wickerwork; Live fish; Salvage; and Fish, fresh or chilled –– accounted for 85.04 percent of all inbound shipments.

Looking more closely at U.S. exports to Federated States of Micronesia:

  • Low value shipments fell 6.63 percent compared to last year to $4.05 million.
  • Chicken and other poultry fell 7.27 percent compared to last year to $3.22 million.
  • Books, brochures rose 157.55 percent compared to last year to $1.31 million.
  • Rice fell 29.29 percent compared to last year to $1.31 million.
  • Prepared foods, beverages rose 8.93 percent compared to last year to $1.06 million.

Looking more closely at U.S. imports from Federated States of Micronesia:

  • Coral, shell of mollusks rose 62.07 percent compared to last year to $163,334.
  • Basketwork, wickerwork rose 36.01 percent compared to last year to $73,740.
  • Live fish fell 13.74 percent compared to last year to $64,357.
  • Salvage rose 17.59 percent compared to last year to $56,543.
  • Fish, fresh or chilled totaled $38,137. The previous year, there were no imports in this category.

In the latest annual figures available, Federated States of Micronesia recorded $45.74 million in trade with the United States. At year’s end, its were San Francisco; Los Angeles; Low Value Shipments; Honolulu; and Seattle. Total U.S. exports to Federated States of Micronesia were $ 44.82 million and imports from Federated States of Micronesia were $920,720. The U.S. surplus with Federated States of Micronesia was $43.9 million.