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Martinique

Martinique ranked No. 154 in total trade value through August with a total of $109.85 million. Exports totaled $106.36 million and Imports totaled $3.49 million, a surplus of $102.86 million.

January – August 2019

Top Trading Ports

Total Trade: $109.85 million

RankPortTotal YTD
1Christiansted Port Terminal, U.S. Virgin Islands $61,278,101
2Port Miami $9,929,046
3Low-Valued Imports and Exports $7,786,167
4Port of Virginia $6,463,973
5Port of San Juan, Puerto Rico $4,898,212
6Port of Savannah, Ga. $2,945,865
7Port of Wilmington, N.C. $2,595,963
8Port of Palm Beach, Fla. $1,800,000
9Miami International Airport $1,440,880
10Port of Oakland, Calif. $1,414,698

U.S. trade with Martinique rose to $109.85 million through August

Martinique’s trade with the United States rose to $109.85 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 30.55 percent below its total trade during the same time period last year. U.S. exports to Martinique decreased 29.35 percent while U.S. imports from Martinique fell 54.21 percent. The U.S. surplus with Martinique was $102.86 million.

Through August, 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 Miami; No. 3 Low-Valued Imports and Exports; No. 4 Port of Virginia; and No. 5 Port of San Juan, Puerto Rico. During the same period the previous year, the top five were No. 1 Christiansted Port Terminal, U.S. Virgin Islands No. 2 Port of San Juan, Puerto Rico No. 3 Low-Valued Imports and Exports No. 4 Port Miami and No. 5 Port of New York. In the current time period, the top five accounted for 82.26 percent of Martinique’s U.S. trade.

Among those top five:

  • Trade with No. 1 Christiansted Port Terminal, U.S. Virgin Islands fell 24.07 percent to $61.28 million.
    Exports fell 21.39 percent to $61.28 million. There were no imports.
  • Trade with No. 2 Port Miami fell 4.57 percent to $9.93 million.
    Exports fell 4.57 percent to $9.93 million. There were no imports.
  • Trade with No. 3 Low-Valued Imports and Exports fell 37.54 percent to $7.79 million.
    Exports fell 37.54 percent to $7.79 million. There were no imports.
  • Trade with No. 4 Port of Virginia totaled $6.46 million.
    Exports totaled $6.46 million. There were no imports.
  • Trade with No. 5 Port of San Juan, Puerto Rico fell 69.98 percent to $4.9 million.
    Exports fell 69.96 percent to $4.9 million. There were no imports.

Martinique ranked No. 154 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 149.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 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 $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Martinique by value through August were the categories of Gasoline, other fuels; Fuel wood in logs, chips; Low value shipments; Electric storage batteries; and Motorboats and yachts, respectively. They accounted for 83.76 percent of total exports to Martinique.

The value of the top five categories of U.S. imports from Martinique –– Rum, gin, vodka, other liquors; Value added to a returned import; Gold; Salvage; and Prepared foods, beverages –– accounted for 99.67 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 34.48 percent compared to last year to $66.15 million.
  • Fuel wood in logs, chips rose 563.3 percent compared to last year to $10.81 million.
  • Low value shipments fell 37.54 percent compared to last year to $7.79 million.
  • Electric storage batteries rose 78.33 percent compared to last year to $2.25 million.
  • Motorboats and yachts fell 58.08 percent compared to last year to $2.08 million.

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

  • Rum, gin, vodka, other liquors rose 15.55 percent compared to last year to $1.38 million.
  • Value added to a returned import rose 224.65 percent compared to last year to $1.24 million.
  • Gold rose 327.79 percent compared to last year to $836,734.
  • Salvage fell 26.73 percent compared to last year to $19,406.
  • Prepared foods, beverages fell 50.96 percent compared to last year to $8,849.

In the latest annual figures available, Martinique recorded $171.43 million in trade with the United States. At year’s end, its were U.S. Virgin Islands; Miami; San Juan; Low Value Shipments; and New Orleans. Total U.S. exports to Martinique were $ 165.65 million and imports from Martinique were $5.78 million. The U.S. surplus with Martinique was $159.87 million.