Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Palau

Palau ranked No. 198 in total trade value through October with a total of $17.9 million. Exports totaled $16.65 million and Imports totaled $1.25 million, a surplus of $15.41 million.

U.S. trade with Palau rose to $17.9 million through October

Palau’s trade with the United States rose to $17.9 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 16.06 percent above its total trade during the same time period last year. Palau’s exports increased 11.23 percent while imports rose 176.69 percent. The U.S. surplus with Palau was $15.41 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Oakland, Calif.; No. 2 Port of Long Beach; No. 3 Port of Honolulu, Hawaii; No. 4 Low-Valued Imports and Exports; and No. 5 Port of Seattle, Wash.. During the same period the previous year, the top five were No. 1 Port of Oakland, Calif. No. 2 Port of Honolulu, Hawaii No. 3 Low-Valued Imports and Exports No. 4 Port of Long Beach and No. 5 Port of Seattle, Wash.. In the current time period, the top five accounted for 81.41 percent of Palau’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Oakland, Calif. fell 17.04 percent to $5 million.
    Exports fell 17.04 percent to $5 million. There were no imports.
  • Trade with No. 2 Port of Long Beach rose 88.49 percent to $3.19 million.
    Exports rose 88.49 percent to $3.19 million. There were no imports.
  • Trade with No. 3 Port of Honolulu, Hawaii rose 12.75 percent to $2.53 million.
    Exports rose 12.75 percent to $2.53 million. There were no imports.
  • Trade with No. 4 Low-Valued Imports and Exports rose 8.52 percent to $2.37 million.
    Exports rose 8.52 percent to $2.37 million. There were no imports.
  • Trade with No. 5 Port of Seattle, Wash. rose 31.24 percent to $1.48 million.
    Exports rose 31.24 percent to $1.48 million. There were no imports.

Palau ranked No. 198 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 193.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Palau by value through October were the categories of Low value shipments; Prepared foods, beverages; Frozen beef; Poultry, fresh, chilled or frozen; and Wood, sawed or chipped, greater than 6 meters thic, respectively. They accounted for 39.49 percent of total exports to Palau.

The value of the top five categories of U.S. imports from Palau –– Computer parts; Fish, fresh or chilled; Value added to a returned import; Live fish; and Salvage –– accounted for 92.97 percent of all inbound shipments.

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

  • Low value shipments rose 8.52 percent compared to last year to $2.37 million.
  • Prepared foods, beverages fell 16.87 percent compared to last year to $1.33 million.
  • Frozen beef fell 7.09 percent compared to last year to $1.23 million.
  • Poultry, fresh, chilled or frozen fell 6.94 percent compared to last year to $880,917.
  • Wood, sawed or chipped, greater than 6 meters thic rose 131.81 percent compared to last year to $768,392.

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

  • Computer parts totaled $585,685. The previous year, there were no imports in this category.
  • Fish, fresh or chilled rose 111.49 percent compared to last year to $214,363.
  • Value added to a returned import rose 97.73 percent compared to last year to $173,893.
  • Live fish rose 76.31 percent compared to last year to $138,823.
  • Salvage rose 70.06 percent compared to last year to $45,063.

In the latest annual figures available, Palau recorded $20.01 million in trade with the United States. At year’s end, its were San Francisco; Los Angeles; Honolulu; Low Value Shipments; and Seattle. Total U.S. exports to Palau were $ 19.43 million and imports from Palau were $573,544. The U.S. surplus with Palau was $18.86 million.