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Marshall Islands

Marshall Islands ranked No. 139 in total trade value through October with a total of $274.84 million. Exports totaled $256.44 million and Imports totaled $18.41 million, a surplus of $238.03 million.

January – October 2018

Top Trading Ports

Total Trade: $274.84 million

RankPortTotal YTD
1Port of Morgan City, La. $165,088,668
2Low-Valued Imports and Exports $25,833,459
3Port of Long Beach $13,764,540
4Port of Oakland, Calif. $10,365,612
5Port of New Orleans $9,442,703
6Honolulu International Airport, Hawaii $9,362,558
7Port of Los Angeles $7,567,644
8Port of Seattle, Wash. $7,434,976
9Port of Beaumont, Texas $5,851,694
10Port of Honolulu, Hawaii $4,948,390

U.S. trade with Marshall Islands rose to $274.84 million through October

Marshall Islands’s trade with the United States rose to $274.84 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 45.52 percent below its total trade during the same time period last year. Marshall Islands’s exports decreased 48.04 percent while imports rose 68.56 percent. The U.S. surplus with Marshall Islands was $238.03 million.

Through October, the top five among the nation’s airports, seaports and border crossings 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 Port of New Orleans. During the same period the previous year, the top five were No. 1 Port of Long Beach No. 2 Port of Morgan City, La. No. 3 Low-Valued Imports and Exports No. 4 Port of Philadelphia and No. 5 Port of Oakland, Calif.. In the current time period, the top five accounted for 81.68 percent of Marshall Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Morgan City, La. rose 6.88 percent to $165.09 million.
    Exports rose 6.88 percent to $165.09 million. There were no imports.
  • Trade with No. 2 Low-Valued Imports and Exports fell 51.24 percent to $25.83 million.
    Exports fell 51.24 percent to $25.83 million. There were no imports.
  • Trade with No. 3 Port of Long Beach fell 94.29 percent to $13.76 million.
    Exports fell 94.27 percent to $13.76 million. There were no imports.
  • Trade with No. 4 Port of Oakland, Calif. rose 16.8 percent to $10.37 million.
    Exports rose 16.8 percent to $10.37 million. There were no imports.
  • Trade with No. 5 Port of New Orleans rose 91.53 percent to $9.44 million.
    Exports rose 91.67 percent to $9.42 million. Imports rose 47.62 percent to $22,675.

Marshall Islands ranked No. 139 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 108.

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 Marshall Islands by value through October were the categories of Parts for heavy machinery; Containers for transportation; Low value shipments; Gasoline, other fuels; and Seamless iron tubes and pipes, respectively. They accounted for 61.82 percent of total exports to Marshall Islands.

The value of the top five categories of U.S. imports from Marshall Islands –– Value added to a returned import; Fish fillets, chilled or frozen; Fish, fresh or chilled; Salvage; and Ethers, ether-alcohols, alcohol peroxides etc. –– accounted for 83.13 percent of all inbound shipments.

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

  • Parts for heavy machinery rose 4.32 percent compared to last year to $61 million.
  • Containers for transportation rose 9.43 percent compared to last year to $49.39 million.
  • Low value shipments fell 51.24 percent compared to last year to $25.83 million.
  • Gasoline, other fuels fell 29.11 percent compared to last year to $15.59 million.
  • Seamless iron tubes and pipes fell 29.77 percent compared to last year to $6.71 million.

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

  • Value added to a returned import rose 179.91 percent compared to last year to $9.39 million.
  • Fish fillets, chilled or frozen fell 25 percent compared to last year to $2.21 million.
  • Fish, fresh or chilled rose 23.19 percent compared to last year to $2.11 million.
  • Salvage rose 61.57 percent compared to last year to $918,425.
  • Ethers, ether-alcohols, alcohol peroxides etc. totaled $670,334. The previous year, there were no imports in this category.

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.