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Palau

Palau ranked No. 193 in total trade value through February with a total of $3.24 million. Exports totaled $3.18 million and Imports totaled $57,691, a surplus of $3.13 million.

U.S. trade with Palau rose to $3.24 million through February

Palau’s trade with the United States rose to $3.24 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 8.09 percent above its total trade during the same time period last year. Palau’s exports increased 9.69 percent while imports fell 40.13 percent. The U.S. surplus with Palau was $3.13 million.

Through February, 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 Long Beach No. 3 Port of Honolulu, Hawaii No. 4 Low-Valued Imports and Exports and No. 5 Port of Seattle, Wash.. In the current time period, the top five accounted for 86.59 percent of Palau’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Oakland, Calif. fell 3.44 percent to $1.06 million.
    Exports fell 3.44 percent to $1.06 million. There were no imports.
  • Trade with No. 2 Port of Long Beach rose 4.02 percent to $615,330.
    Exports rose 4.02 percent to $615,330. There were no imports.
  • Trade with No. 3 Port of Honolulu, Hawaii rose 11.22 percent to $499,475.
    Exports rose 11.22 percent to $499,475. There were no imports.
  • Trade with No. 4 Low-Valued Imports and Exports rose 7.16 percent to $454,439.
    Exports rose 7.16 percent to $454,439. There were no imports.
  • Trade with No. 5 Port of Seattle, Wash. rose 45.8 percent to $176,754.
    Exports rose 45.8 percent to $176,754. There were no imports.

Palau ranked No. 193 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 195.

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 Palau by value through February were the categories of Low value shipments; Frozen beef; Prepared foods, beverages; Pasta, couscous, prepared or not; and Prefabricated buildings, respectively. They accounted for 50.24 percent of total exports to Palau.

The value of the top five categories of U.S. imports from Palau –– Live fish; Fish, fresh or chilled; and Salvage –– accounted for 100 percent of all inbound shipments.

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

  • Low value shipments rose 7.16 percent compared to last year to $454,439.
  • Frozen beef rose 48.52 percent compared to last year to $370,467.
  • Prepared foods, beverages rose 7.53 percent compared to last year to $308,399.
  • Pasta, couscous, prepared or not rose 742.73 percent compared to last year to $237,312.
  • Prefabricated buildings rose 90.55 percent compared to last year to $229,099.

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

  • Live fish rose 49.84 percent compared to last year to $35,820.
  • Fish, fresh or chilled fell 58.3 percent compared to last year to $20,780.
  • Salvage fell 79.75 percent compared to last year to $1,091.

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.