Kiribati

Kiribati ranked No. 216 in total trade value through May with a total of $1.58 million. Exports totaled $600,548 and Imports totaled $978,531, a deficit of $377,983.

U.S. trade with Kiribati rose to $1.38 million through May

Kiribati’s trade with the United States rose to $1.38 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 30.68 percent below its total trade during the same time period last year. U.S. exports to Kiribati decreased 44.31 percent while U.S. imports from Kiribati fell 18.64 percent. The U.S. deficit with Kiribati was $341,148.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Los Angeles; No. 2 Low-Valued Imports and Exports; No. 3 Honolulu International Airport, Hawaii; No. 4 Port of Honolulu, Hawaii; and No. 5 Los Angeles International Airport. During the same period the previous year, the top five were No. 1 Honolulu International Airport, Hawaii; No. 2 Los Angeles International Airport; 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 85.54 percent of Kiribati’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 307.34 percent to $706,804.
    There were no exports. Imports rose 542.4 percent to $706,804.
  • Trade with No. 2 Low-Valued Imports and Exports fell 36.89 percent to $212,821.
    Exports fell 36.89 percent to $212,821. There were no imports.
  • Trade with No. 3 Honolulu International Airport, Hawaii fell 72.3 percent to $177,589.
    There were no exports. Imports fell 71 percent to $177,589.
  • Trade with No. 4 Port of Honolulu, Hawaii fell 39.06 percent to $160,726.
    Exports fell 39.06 percent to $160,726. There were no imports.
  • Trade with No. 5 Los Angeles International Airport fell 82.26 percent to $92,787.
    Exports fell 36.71 percent to $77,787. Imports fell 96.25 percent to $15,000.

Kiribati ranked No. 216 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 215.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Kiribati by value through May were the categories of Low value shipments; Beer; Civilian aircraft, parts; Pasta, couscous, prepared or not; and Computers, respectively. They accounted for 57.87 percent of total exports to Kiribati.

The value of the top five categories of U.S. imports from Kiribati –– Fish fillets, chilled or frozen; Live fish; Estimates of low-value imports; Antennas for radio, TV, parts; and Medical technology –– accounted for 99.91 percent of all inbound shipments.

Looking more closely at U.S. exports to Kiribati:

  • Low value shipments fell 36.89 percent compared to last year to $212,821.
  • Beer fell 11.82 percent compared to last year to $52,400.
  • Civilian aircraft, parts fell 2.15 percent compared to last year to $35,151.
  • Pasta, couscous, prepared or not rose 944.94 percent compared to last year to $26,761.
  • Computers fell 54.62 percent compared to last year to $20,422.

Looking more closely at U.S. imports from Kiribati:

  • Fish fillets, chilled or frozen rose 542.4 percent compared to last year to $706,804.
  • Live fish fell 66.82 percent compared to last year to $177,589.
  • Estimates of low-value imports fell 45.06 percent compared to last year to $66,731.
  • Antennas for radio, TV, parts totaled $15,000. The previous year, there were no imports in this category.
  • Medical technology totaled $11,561. The previous year, there were no imports in this category.

In the latest annual figures available, Kiribati recorded $4.98 million in trade with the United States. Total U.S. exports to Kiribati were $ 2.19 million and imports from Kiribati were $2.79 million. The U.S. deficit with Kiribati was $603,834.