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Monaco

Monaco ranked No. 168 in total trade value through August with a total of $68.7 million. Exports totaled $45.67 million and Imports totaled $23.03 million, a surplus of $22.63 million.

January – August 2019

Top Trading Ports

Total Trade: $68.7 million

RankPortTotal YTD
1John F. Kennedy International Airport $31,627,093
2Miami International Airport $13,008,160
3Los Angeles International Airport $3,250,708
4El Paso Border Crossing, Texas $3,177,216
5Port of Mobile, Ala. $2,795,143
6Port of Wilmington, N.C. $1,855,558
7Port of Newark $1,294,430
8Port of New Orleans $997,772
9Port of Baltimore, Md. $956,712
10Dulles International Airport, Washington D.C., Va. $931,227

U.S. trade with Monaco rose to $68.7 million through August

Monaco’s trade with the United States rose to $68.7 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 60.8 percent below its total trade during the same time period last year. U.S. exports to Monaco decreased 66.48 percent while U.S. imports from Monaco fell 40.98 percent. The U.S. surplus with Monaco was $22.63 million.

Through August, 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 Los Angeles International Airport; No. 4 El Paso Border Crossing, Texas; and No. 5 Port of Mobile, Ala.. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Clinton International Airport, Little Rock, Ark. No. 3 Miami International Airport No. 4 Port of Mobile, Ala. and No. 5 Port of Newark. In the current time period, the top five accounted for 78.39 percent of Monaco’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 61.77 percent to $31.63 million.
    Exports fell 55.04 percent to $27.75 million. Imports fell 81.56 percent to $3.87 million.
  • Trade with No. 2 Miami International Airport rose 39.53 percent to $13.01 million.
    Exports rose 39.32 percent to $12.61 million. Imports rose 46.57 percent to $394,881.
  • Trade with No. 3 Los Angeles International Airport rose 328.26 percent to $3.25 million.
    Exports rose 45.76 percent to $819,514. Imports rose 1135.36 percent to $2.43 million.
  • Trade with No. 4 El Paso Border Crossing, Texas rose 87475 percent to $3.18 million.
    There were no exports. Imports rose 87475 percent to $3.18 million.
  • Trade with No. 5 Port of Mobile, Ala. fell 61.35 percent to $2.8 million.
    There were no exports. Imports fell 61.35 percent to $2.8 million.

Monaco ranked No. 168 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 145.

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 Monaco by value through August were the categories of Paintings, drawings and other artwork; Jewelry, parts; Coins; Perfumes; and Diamonds, not mounted, respectively. They accounted for 86 percent of total exports to Monaco.

The value of the top five categories of U.S. imports from Monaco –– Make-up and skin-care products; Office machines; Ferroalloys 7202; Diamonds, not mounted; and Value added to a returned import –– accounted for 53.43 percent of all inbound shipments.

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

  • Paintings, drawings and other artwork fell 60.91 percent compared to last year to $20.05 million.
  • Jewelry, parts fell 18.82 percent compared to last year to $9.31 million.
  • Coins rose 176.12 percent compared to last year to $3.52 million.
  • Perfumes rose 26.85 percent compared to last year to $3.27 million.
  • Diamonds, not mounted rose 216.88 percent compared to last year to $3.12 million.

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

  • Make-up and skin-care products fell 14.58 percent compared to last year to $3.36 million.
  • Office machines totaled $2.9 million. The previous year, there were no imports in this category.
  • Ferroalloys 7202 fell 61.35 percent compared to last year to $2.8 million.
  • Diamonds, not mounted fell 12.14 percent compared to last year to $2.12 million.
  • Value added to a returned import fell 91.44 percent compared to last year to $1.12 million.

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.