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Federated States of Micronesia

Federated States of Micronesia ranked No. 184 in total trade value through February with a total of $6 million. Exports totaled $5.84 million and Imports totaled $162,133, a surplus of $5.68 million.

U.S. trade with Federated States of Micronesia rose to $6 million through February

Federated States of Micronesia’s trade with the United States rose to $6 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.42 percent above its total trade during the same time period last year. Federated States of Micronesia’s exports increased 0.61 percent while imports fell 5.69 percent. The U.S. surplus with Federated States of Micronesia was $5.68 million.

Through February, 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 Otay Mesa Freeway Border Crossing, Calif.; and No. 5 Port of Honolulu, Hawaii. During the same period the previous year, the top five 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. In the current time period, the top five accounted for 85.72 percent of Federated States of Micronesia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Oakland, Calif. fell 8.65 percent to $1.97 million.
    Exports fell 8.65 percent to $1.97 million. There were no imports.
  • Trade with No. 2 Port of Long Beach fell 7.04 percent to $1.35 million.
    Exports fell 7.04 percent to $1.35 million. There were no imports.
  • Trade with No. 3 Low-Valued Imports and Exports fell 8.43 percent to $772,966.
    Exports fell 8.43 percent to $772,966. There were no imports.
  • Trade with No. 4 Otay Mesa Freeway Border Crossing, Calif. totaled $579,354.
    Exports totaled $579,354. There were no imports.
  • Trade with No. 5 Port of Honolulu, Hawaii rose 2.11 percent to $474,627.
    Exports fell 10.65 percent to $415,287. Imports totaled $59,340.

Federated States of Micronesia ranked No. 184 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 184.

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 Federated States of Micronesia by value through February were the categories of Low value shipments; Poultry, fresh, chilled or frozen; Medical instruments for surgeons, dentists, vets; Books, brochures; and Rice, respectively. They accounted for 48.07 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 –– Basketwork, wickerwork; Coral, shell of mollusks; Electric capacitors; Live fish; and Salvage –– accounted for 92.85 percent of all inbound shipments.

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

  • Low value shipments fell 8.43 percent compared to last year to $772,966.
  • Poultry, fresh, chilled or frozen rose 2.29 percent compared to last year to $623,767.
  • Medical instruments for surgeons, dentists, vets rose 3268.31 percent compared to last year to $562,474.
  • Books, brochures rose 79.44 percent compared to last year to $536,282.
  • Rice fell 16.6 percent compared to last year to $312,521.

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

  • Basketwork, wickerwork totaled $59,340. The previous year, there were no imports in this category.
  • Coral, shell of mollusks rose 96.38 percent compared to last year to $35,692.
  • Electric capacitors totaled $26,919. The previous year, there were no imports in this category.
  • Live fish fell 4.07 percent compared to last year to $17,287.
  • Salvage fell 3.76 percent compared to last year to $11,297.

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.