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Marshall Islands

Marshall Islands ranked No. 163 in total trade value through February with a total of $20.11 million. Exports totaled $17.82 million and Imports totaled $2.29 million, a surplus of $15.54 million.

January – February 2019

Top Trading Ports

Total Trade: $20.11 million

RankPortTotal YTD
1Port of Morgan City, La. $5,716,554
2Honolulu International Airport, Hawaii $3,409,713
3Low-Valued Imports and Exports $1,971,979
4Port of Oakland, Calif. $1,799,420
5Port of New Orleans $1,601,515
6Port of Honolulu, Hawaii $1,421,286
7Port of Long Beach $1,173,322
8Port of Tacoma, Wash. $845,025
9Port of Seattle, Wash. $723,562
10Port of Los Angeles $401,569

U.S. trade with Marshall Islands rose to $20.11 million through February

Marshall Islands’s trade with the United States rose to $20.11 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 66.25 percent below its total trade during the same time period last year. Marshall Islands’s exports decreased 69 percent while imports rose 9.55 percent. The U.S. surplus with Marshall Islands was $15.54 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Morgan City, La.; No. 2 Honolulu International Airport, Hawaii; No. 3 Low-Valued Imports and Exports; No. 4 Port of Oakland, Calif.; and No. 5 Port of New Orleans. During the same period the previous year, the top five were No. 1 Port of Morgan City, La. No. 2 Low-Valued Imports and Exports No. 3 Port of Long Beach No. 4 Port of Oakland, Calif. and No. 5 Honolulu International Airport, Hawaii. In the current time period, the top five accounted for 72.1 percent of Marshall Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Morgan City, La. fell 86.02 percent to $5.72 million.
    Exports fell 86.02 percent to $5.72 million. There were no imports.
  • Trade with No. 2 Honolulu International Airport, Hawaii rose 90.05 percent to $3.41 million.
    Exports rose 179.92 percent to $2.71 million. Imports fell 15.44 percent to $697,974.
  • Trade with No. 3 Low-Valued Imports and Exports fell 64.36 percent to $1.97 million.
    Exports fell 64.36 percent to $1.97 million. There were no imports.
  • Trade with No. 4 Port of Oakland, Calif. fell 9.33 percent to $1.8 million.
    Exports fell 9.33 percent to $1.8 million. There were no imports.
  • Trade with No. 5 Port of New Orleans rose 2132.33 percent to $1.6 million.
    Exports rose 2332.16 percent to $1.6 million. Imports fell 18.91 percent to $4,945.

Marshall Islands ranked No. 163 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 129.

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 Marshall Islands by value through February were the categories of Parts for heavy machinery; Containers for transportation; Parts for electrical supplies; Low value shipments; and Gasoline, other fuels, respectively. They accounted for 64.69 percent of total exports to Marshall Islands.

The value of the top five categories of U.S. imports from Marshall Islands –– Fish, fresh or chilled; Scrap iron, steel; Value added to a returned import; Fish fillets, chilled or frozen; and Salvage –– accounted for 84.85 percent of all inbound shipments.

Looking more closely at U.S. exports to Marshall Islands:

  • Parts for heavy machinery fell 69.94 percent compared to last year to $3.41 million.
  • Containers for transportation fell 47.02 percent compared to last year to $2.39 million.
  • Parts for electrical supplies rose 23324 percent compared to last year to $2.23 million.
  • Low value shipments fell 64.36 percent compared to last year to $1.97 million.
  • Gasoline, other fuels rose 317.33 percent compared to last year to $1.52 million.

Looking more closely at U.S. imports from Marshall Islands:

  • Fish, fresh or chilled rose 80.96 percent compared to last year to $587,593.
  • Scrap iron, steel totaled $477,500. The previous year, there were no imports in this category.
  • Value added to a returned import fell 22.84 percent compared to last year to $420,979.
  • Fish fillets, chilled or frozen fell 55.3 percent compared to last year to $235,370.
  • Salvage rose 20.98 percent compared to last year to $217,698.

In the latest annual figures available, Marshall Islands recorded $610.39 million in trade with the United States. At year’s end, its were Los Angeles; New Orleans; Low Value Shipments; Honolulu; and Philadelphia. Total U.S. exports to Marshall Islands were $ 574.31 million and imports from Marshall Islands were $36.08 million. The U.S. surplus with Marshall Islands was $538.22 million.