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Federated States of Micronesia

Federated States of Micronesia ranked No. 184 in total trade value through October with a total of $38.91 million. Exports totaled $38.3 million and Imports totaled $600,929, a surplus of $37.7 million.

January – October 2018

Top Trading Ports

Total Trade: $38.91 million

RankPortTotal YTD
1Port of Oakland, Calif. $14,714,261
2Port of Long Beach $7,334,217
3Port of Honolulu, Hawaii $6,282,082
4Low-Valued Imports and Exports $5,490,621
5Port of Los Angeles $1,060,371
6Port of Seattle, Wash. $862,251
7Honolulu International Airport, Hawaii $508,363
8Cleveland’s Hopkins International Airport, Ohio $474,398
9Port of Newark $414,752
10Los Angeles International Airport $297,383

U.S. trade with Federated States of Micronesia rose to $38.91 million through October

Federated States of Micronesia’s trade with the United States rose to $38.91 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 6.85 percent above its total trade during the same time period last year. Federated States of Micronesia’s exports increased 7.06 percent while imports fell 4.73 percent. The U.S. surplus with Federated States of Micronesia was $37.7 million.

Through October, 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 Port of Honolulu, Hawaii; No. 4 Low-Valued Imports and Exports; 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 Low-Valued Imports and Exports No. 3 Port of Long Beach No. 4 Port of Honolulu, Hawaii and No. 5 Port of Seattle, Wash.. In the current time period, the top five accounted for 89.66 percent of Federated States of Micronesia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Oakland, Calif. fell 5.17 percent to $14.71 million.
    Exports fell 5.17 percent to $14.71 million. There were no imports.
  • Trade with No. 2 Port of Long Beach rose 44.6 percent to $7.33 million.
    Exports rose 44.6 percent to $7.33 million. There were no imports.
  • Trade with No. 3 Port of Honolulu, Hawaii rose 50.94 percent to $6.28 million.
    Exports rose 53.04 percent to $6.2 million. Imports fell 25.04 percent to $83,785.
  • Trade with No. 4 Low-Valued Imports and Exports rose 7.7 percent to $5.49 million.
    Exports rose 7.7 percent to $5.49 million. There were no imports.
  • Trade with No. 5 Port of Los Angeles fell 22.12 percent to $1.06 million.
    Exports fell 22.12 percent to $1.06 million. There were no imports.

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. 183.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Federated States of Micronesia by value through October were the categories of Low value shipments; Poultry, fresh, chilled or frozen; Phototypesetting, composing machines; Rice; and Fishing rods, tackle, nets, decoys, respectively. They accounted for 43.14 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; Antiques; and Salvage –– accounted for 79.13 percent of all inbound shipments.

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

  • Low value shipments rose 7.7 percent compared to last year to $5.49 million.
  • Poultry, fresh, chilled or frozen rose 10.21 percent compared to last year to $4.44 million.
  • Phototypesetting, composing machines totaled $2.56 million. The previous year, there were no exports in this category.
  • Rice fell 28.07 percent compared to last year to $2.24 million.
  • Fishing rods, tackle, nets, decoys fell 2.87 percent compared to last year to $1.8 million.

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

  • Coral, shell of mollusks rose 16.09 percent compared to last year to $135,201.
  • Basketwork, wickerwork fell 4.65 percent compared to last year to $106,575.
  • Live fish rose 46.62 percent compared to last year to $93,895.
  • Antiques rose 613.65 percent compared to last year to $80,000.
  • Salvage fell 8.58 percent compared to last year to $59,831.

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.