Monaco

Monaco ranked No. 175 in total trade value through June with a total of $28.07 million. Exports totaled $22.02 million and Imports totaled $6.05 million, a surplus of $15.97 million.

U.S. trade with Monaco rose to $28.07 million through June

Monaco’s trade with the United States rose to $28.07 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 51.33 percent below its total trade during the same time period last year. U.S. exports to Monaco decreased 47.27 percent while U.S. imports from Monaco fell 62.01 percent. The U.S. surplus with Monaco was $15.97 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Newark; No. 3 Port of Wilmington, N.C.; No. 4 Port of Chester, Penn.; and No. 5 Port Laredo. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport; No. 2 Miami Int’l Airport; No. 3 El Paso Border Crossing, Texas; No. 4 Los Angeles International Airport and No. 5 Port of Newark. In the current time period, the top five accounted for 84.64 percent of Monaco’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 24.84 percent to $21.28 million.
    Exports fell 24.6 percent to $19.28 million. Imports fell 27.08 percent to $2.01 million.
  • Trade with No. 2 Port of Newark fell 11.81 percent to $890,311.
    Exports totaled $60,000. Imports fell 12.55 percent to $830,311.
  • Trade with No. 3 Port of Wilmington, N.C. fell 18.88 percent to $640,406.
    There were no exports. Imports fell 18.88 percent to $640,406.
  • Trade with No. 4 Port of Chester, Penn. rose 19685 percent to $487,695.
    There were no exports. Imports rose 19685 percent to $487,695.
  • Trade with No. 5 Port Laredo fell 4.01 percent to $451,244.
    Exports rose 221.4 percent to $242,593. Imports fell 47.12 percent to $208,651.

Monaco ranked No. 175 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 170.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Monaco by value through June were the categories of Paintings, drawings and other artwork; Collectors items of historic or botanic interest; Perfumes; Antiques; and Equipment, parts for exercising, respectively. They accounted for 89.55 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; Antiques; Original sculptures and statues; Wrist and pocket watches, not precious metals; and Medical instruments –– accounted for 51.24 percent of all inbound shipments.

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

  • Paintings, drawings and other artwork fell 18.35 percent compared to last year to $15.29 million.
  • Collectors items of historic or botanic interest rose 181.43 percent compared to last year to $2.01 million.
  • Perfumes fell 45.47 percent compared to last year to $1.49 million.
  • Antiques rose 137.41 percent compared to last year to $540,500.
  • Equipment, parts for exercising rose 2807.26 percent compared to last year to $392,480.

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

  • Make-up and skin-care products fell 59.89 percent compared to last year to $1.03 million.
  • Antiques rose 221.66 percent compared to last year to $668,667.
  • Original sculptures and statues rose 9460.06 percent compared to last year to $588,900.
  • Wrist and pocket watches, not precious metals rose 898.86 percent compared to last year to $439,500.
  • Medical instruments rose 3722.41 percent compared to last year to $374,176.

In the latest annual figures available, Monaco recorded $105.49 million in trade with the United States. Total U.S. exports to Monaco were $ 75.97 million and imports from Monaco were $29.52 million. The U.S. surplus with Monaco was $46.44 million.