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Monaco

Monaco ranked No. 150 in total trade value through February with a total of $26.46 million. Exports totaled $19.68 million and Imports totaled $6.78 million, a surplus of $12.9 million.

January – February 2019

Top Trading Ports

Total Trade: $26.46 million

RankPortTotal YTD
1John F. Kennedy International Airport $11,832,842
2Miami International Airport $8,043,943
3El Paso Border Crossing, Texas $1,957,145
4Dulles International Airport, Washington D.C., Va. $613,903
5Port of Los Angeles $592,133
6Port of Newark $542,840
7Port Laredo $325,842
8Port of Wilmington, N.C. $310,728
9Port of Savannah, Ga. $310,175
10Port of Oakland, Calif. $285,222

U.S. trade with Monaco rose to $26.46 million through February

Monaco’s trade with the United States rose to $26.46 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 48.56 percent above its total trade during the same time period last year. Monaco’s exports increased 48.86 percent while imports rose 47.68 percent. The U.S. surplus with Monaco was $12.9 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Miami International Airport; No. 3 El Paso Border Crossing, Texas; No. 4 Dulles International Airport, Washington D.C., Va.; and No. 5 Port of Los Angeles. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Miami International Airport No. 3 Port of Newark No. 4 Port of Virginia and No. 5 Boston’s Logan International Airport. In the current time period, the top five accounted for 87.07 percent of Monaco’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 13.17 percent to $11.83 million.
    Exports rose 26.03 percent to $10.69 million. Imports fell 41.96 percent to $1.15 million.
  • Trade with No. 2 Miami International Airport rose 101.76 percent to $8.04 million.
    Exports rose 105.19 percent to $7.83 million. Imports rose 24.91 percent to $212,927.
  • Trade with No. 3 El Paso Border Crossing, Texas totaled $1.96 million.
    There were no exports. Imports totaled $1.96 million.
  • Trade with No. 4 Dulles International Airport, Washington D.C., Va. rose 19389 percent to $613,903.
    There were no exports. Imports rose 19389 percent to $613,903.
  • Trade with No. 5 Port of Los Angeles totaled $592,133.
    There were no exports. Imports totaled $592,133.

Monaco ranked No. 150 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 $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Monaco by value through February were the categories of Paintings, drawings and other artwork; Jewelry, parts; Perfumes; Collectors items of historic or botanic interest; and Wine, respectively. They accounted for 96.21 percent of total exports to Monaco.

The value of the top five categories of U.S. imports from Monaco –– Office machines; Make-up and skin-care products; Lifting, handling, loading, unloading machines; Vegetable extracts, pectates, agar, etc.; and Motor vehicle parts –– accounted for 65.89 percent of all inbound shipments.

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

  • Paintings, drawings and other artwork rose 59.27 percent compared to last year to $10.52 million.
  • Jewelry, parts rose 38.65 percent compared to last year to $6.89 million.
  • Perfumes rose 75.44 percent compared to last year to $663,258.
  • Collectors items of historic or botanic interest rose 11.17 percent compared to last year to $581,172.
  • Wine totaled $285,222. The previous year, there were no exports in this category.

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

  • Office machines totaled $1.69 million. The previous year, there were no imports in this category.
  • Make-up and skin-care products rose 62.76 percent compared to last year to $1.24 million.
  • Lifting, handling, loading, unloading machines totaled $592,133. The previous year, there were no imports in this category.
  • Vegetable extracts, pectates, agar, etc. rose 37.8 percent compared to last year to $513,468.
  • Motor vehicle parts totaled $425,500. The previous year, there were no imports in this category.

In the latest annual figures available, Monaco recorded $129.18 million in trade with the United States. At year’s end, its were New York City; Miami; Los Angeles; Cleveland; and Atlanta/Savannah. Total U.S. exports to Monaco were $ 42.16 million and imports from Monaco were $87.02 million. The U.S. deficit with Monaco was $44.87 million.