Martinique

Martinique ranked No. 164 in total trade value through July with a total of $59.2 million. Exports totaled $58.59 million and Imports totaled $609,527, a surplus of $57.98 million.

U.S. trade with Martinique rose to $59.2 million through July

Martinique’s trade with the United States rose to $59.2 million through the first seven months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 42.06 percent below its total trade during the same time period last year. U.S. exports to Martinique decreased 40.96 percent while U.S. imports from Martinique fell 79.3 percent. The U.S. surplus with Martinique was $57.98 million.

Through July, the top five among the nation’s airports, seaports and border crossings were No. 1 Christiansted Port Terminal, U.S. Virgin Islands; No. 2 Port of San Juan, Puerto Rico; No. 3 Port Miami; No. 4 Port of Savannah, Ga.; and No. 5 Port of Houston. During the same period the previous year, the top five were No. 1 Christiansted Port Terminal, U.S. Virgin Islands; No. 2 Port Miami; No. 3 Low-Valued Imports and Exports; No. 4 Port of San Juan, Puerto Rico and No. 5 Port of Virginia. In the current time period, the top five accounted for 64.71 percent of Martinique’s U.S. trade.

Among those top five:

  • Trade with No. 1 Christiansted Port Terminal, U.S. Virgin Islands fell 75.49 percent to $14.59 million.
    Exports fell 75.49 percent to $14.59 million. There were no imports.
  • Trade with No. 2 Port of San Juan, Puerto Rico rose 44 percent to $7.05 million.
    Exports rose 44 percent to $7.05 million. There were no imports.
  • Trade with No. 3 Port Miami fell 18.11 percent to $6.43 million.
    Exports fell 18.22 percent to $6.42 million. Imports totaled $8,600.
  • Trade with No. 4 Port of Savannah, Ga. rose 79.48 percent to $5.17 million.
    Exports rose 78.92 percent to $5.16 million. Imports totaled $16,196.
  • Trade with No. 5 Port of Houston rose 824.61 percent to $5.06 million.
    Exports rose 824.61 percent to $5.06 million. There were no imports.

Martinique ranked No. 164 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 159.

Meanwhile, total U.S. trade with the world increased to $2.08 trillion, down 49.83 percent compared to the same period last year. The nation’s exports dropped 51.38 percent to $799.82 billion; imports dropped 48.81 percent to $1.28 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 $479.12 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Martinique by value through July were the categories of Gasoline, other fuels; Fuel wood in logs, chips; Low value shipments; Motorboats and yachts; and Wigs, other products, from human hair, respectively. They accounted for 78.73 percent of total exports to Martinique.

The value of the top five categories of U.S. imports from Martinique –– Gold; Rum, gin, vodka, other liquors; Returned exports, without change; Misc. aircraft parts; and Wooden casks, barrels and vats –– accounted for 97.95 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 59.43 percent compared to last year to $26.12 million.
  • Fuel wood in logs, chips rose 24.09 percent compared to last year to $11.09 million.
  • Low value shipments fell 38.51 percent compared to last year to $4.36 million.
  • Motorboats and yachts rose 18.13 percent compared to last year to $2.46 million.
  • Wigs, other products, from human hair rose 864.1 percent compared to last year to $2.09 million.

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

  • Gold fell 47.34 percent compared to last year to $347,541.
  • Rum, gin, vodka, other liquors fell 87.67 percent compared to last year to $124,863.
  • Returned exports, without change fell 92.94 percent compared to last year to $87,201.
  • Misc. aircraft parts totaled $21,204. The previous year, there were no imports in this category.
  • Wooden casks, barrels and vats totaled $16,196. The previous year, there were no imports in this category.

In the latest annual figures available, Martinique recorded $139.6 million in trade with the United States. Total U.S. exports to Martinique were $ 133.52 million and imports from Martinique were $6.09 million. The U.S. surplus with Martinique was $127.43 million.