Marshall Islands

Marshall Islands ranked No. 159 in total trade value through June with a total of $57.61 million. Exports totaled $52 million and Imports totaled $5.6 million, a surplus of $46.4 million.

U.S. trade with Marshall Islands rose to $57.61 million through June

Marshall Islands’s trade with the United States rose to $57.61 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 8.31 percent below its total trade during the same time period last year. U.S. exports to Marshall Islands decreased 6.86 percent while U.S. imports from Marshall Islands fell 19.89 percent. The U.S. surplus with Marshall Islands was $46.4 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Beaumont, Texas; No. 2 Honolulu International Airport, Hawaii; No. 3 Port of Long Beach; No. 4 Port of Oakland, Calif.; and No. 5 Port of Seattle, Wash.. During the same period the previous year, the top five were No. 1 Honolulu International Airport, Hawaii; No. 2 Port of Morgan City, La.; No. 3 Port of Long Beach; No. 4 Port of Oakland, Calif. and No. 5 Low-Valued Imports and Exports. In the current time period, the top five accounted for 61.63 percent of Marshall Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Beaumont, Texas totaled $9.2 million.
    Exports totaled $9.2 million. There were no imports.
  • Trade with No. 2 Honolulu International Airport, Hawaii fell 45.44 percent to $6.9 million.
    Exports fell 44.04 percent to $5.29 million. Imports fell 49.57 percent to $1.61 million.
  • Trade with No. 3 Port of Long Beach fell 32.48 percent to $6.61 million.
    Exports fell 32.36 percent to $6.61 million. There were no imports.
  • Trade with No. 4 Port of Oakland, Calif. fell 13.76 percent to $6.48 million.
    Exports fell 12.96 percent to $6.48 million. There were no imports.
  • Trade with No. 5 Port of Seattle, Wash. rose 112.71 percent to $6.3 million.
    Exports rose 123.78 percent to $6.09 million. Imports fell 12.09 percent to $212,290.

Marshall Islands ranked No. 159 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 165.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Marshall Islands by value through June were the categories of Oil; Low value shipments; Ship’s derricks, cranes, mobile lifting frames; Antennas for radio, TV, parts; and Gasoline, other fuels, respectively. They accounted for 45.21 percent of total exports to Marshall Islands.

The value of the top five categories of U.S. imports from Marshall Islands –– Tugs and Pusher Craft 8904; Fish, fresh or chilled; Fish fillets, chilled or frozen; Estimates of low-value imports; and Live fish –– accounted for 95.06 percent of all inbound shipments.

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

  • Oil totaled $9.2 million. The previous year, there were no exports in this category.
  • Low value shipments fell 4.17 percent compared to last year to $5.66 million.
  • Ship’s derricks, cranes, mobile lifting frames totaled $3.26 million. The previous year, there were no exports in this category.
  • Antennas for radio, TV, parts rose 81.15 percent compared to last year to $2.91 million.
  • Gasoline, other fuels rose 50.29 percent compared to last year to $2.48 million.

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

  • Tugs and Pusher Craft 8904 totaled $3 million. The previous year, there were no imports in this category.
  • Fish, fresh or chilled fell 38.18 percent compared to last year to $960,716.
  • Fish fillets, chilled or frozen fell 43.87 percent compared to last year to $853,893.
  • Estimates of low-value imports fell 36.77 percent compared to last year to $395,787.
  • Live fish rose 4.35 percent compared to last year to $116,615.

In the latest annual figures available, Marshall Islands recorded $110.59 million in trade with the United States. Total U.S. exports to Marshall Islands were $ 100.06 million and imports from Marshall Islands were $10.52 million. The U.S. surplus with Marshall Islands was $89.54 million.