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Marshall Islands

Marshall Islands ranked No. 161 in total trade value through May with a total of $56.03 million. Exports totaled $49.93 million and Imports totaled $6.1 million, a surplus of $43.84 million.

January – May 2019

Top Trading Ports

Total Trade: $56.03 million

RankPortTotal YTD
1Honolulu International Airport, Hawaii $11,303,379
2Port of Morgan City, La. $9,193,704
3Port of Long Beach $8,884,820
4Port of Oakland, Calif. $6,868,568
5Low-Valued Imports and Exports $5,260,593
6Port of Honolulu, Hawaii $3,792,785
7Port of Seattle, Wash. $2,364,674
8Port of New Orleans $1,639,603
9Port Everglades, Fla. $1,600,000
10Port of Tacoma, Wash. $845,025

U.S. trade with Marshall Islands rose to $56.03 million through May

Marshall Islands’s trade with the United States rose to $56.03 million through the first five months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 54.26 percent below its total trade during the same time period last year. U.S. exports to Marshall Islands decreased 56.57 percent while U.S. imports from Marshall Islands fell 19.11 percent. The U.S. surplus with Marshall Islands was $43.84 million.

Through May, the top five among the nation’s airports, seaports and border crossings 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. 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 Port of Los Angeles. In the current time period, the top five accounted for 74.09 percent of Marshall Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Honolulu International Airport, Hawaii rose 205.72 percent to $11.3 million.
    Exports rose 597.55 percent to $8.49 million. Imports rose 13.27 percent to $2.81 million.
  • Trade with No. 2 Port of Morgan City, La. fell 87.7 percent to $9.19 million.
    Exports fell 87.7 percent to $9.19 million. There were no imports.
  • Trade with No. 3 Port of Long Beach fell 5.21 percent to $8.88 million.
    Exports fell 5.4 percent to $8.87 million. Imports totaled $17,250.
  • Trade with No. 4 Port of Oakland, Calif. rose 24.83 percent to $6.87 million.
    Exports rose 24.83 percent to $6.87 million. There were no imports.
  • Trade with No. 5 Low-Valued Imports and Exports fell 53.21 percent to $5.26 million.
    Exports fell 53.21 percent to $5.26 million. There were no imports.

Marshall Islands ranked No. 161 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 137.

Meanwhile, total U.S. trade with the world increased to $1.71 trillion, up 0.56 percent compared to the same period last year. The nation’s exports climbed 0.12 percent to $685.55 billion; imports climbed 0.86 percent to $1.03 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $342.77 billion, up compared to the same period of last year when the deficit was $334.82 billion.

The top five U.S. exports to Marshall Islands by value through May were the categories of Parts for heavy machinery; Parts for electrical supplies; Low value shipments; Containers for transportation; and Electric domestic appliances, parts, respectively. They accounted for 44.55 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, fresh or chilled; Fish fillets, chilled or frozen; Salvage; and Ethers, ether-alcohols, alcohol peroxides etc. –– accounted for 81.75 percent of all inbound shipments.

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

  • Parts for heavy machinery fell 68.69 percent compared to last year to $6.22 million.
  • Parts for electrical supplies rose 6056.24 percent compared to last year to $5.68 million.
  • Low value shipments fell 53.21 percent compared to last year to $5.26 million.
  • Containers for transportation fell 84.23 percent compared to last year to $2.8 million.
  • Electric domestic appliances, parts rose 1995.92 percent compared to last year to $2.28 million.

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

  • Value added to a returned import fell 54.25 percent compared to last year to $1.53 million.
  • Fish, fresh or chilled rose 24.57 percent compared to last year to $1.29 million.
  • Fish fillets, chilled or frozen fell 12.35 percent compared to last year to $1.11 million.
  • Salvage rose 22.63 percent compared to last year to $543,660.
  • Ethers, ether-alcohols, alcohol peroxides etc. totaled $506,910. 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.