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Palau

Palau ranked No. 195 in total trade value through August with a total of $12.68 million. Exports totaled $11.44 million and Imports totaled $1.24 million, a surplus of $10.2 million.

U.S. trade with Palau rose to $12.68 million through August

Palau’s trade with the United States rose to $12.68 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 9.72 percent below its total trade during the same time period last year. U.S. exports to Palau decreased 11.5 percent while U.S. imports from Palau rose 10.78 percent. The U.S. surplus with Palau was $10.2 million.

Through August, 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 79.17 percent of Palau’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Oakland, Calif. fell 18.74 percent to $3.31 million.
    Exports fell 18.74 percent to $3.31 million. There were no imports.
  • Trade with No. 2 Port of Long Beach fell 6.8 percent to $2.23 million.
    Exports fell 6.8 percent to $2.23 million. There were no imports.
  • Trade with No. 3 Port of Honolulu, Hawaii rose 1.39 percent to $2 million.
    Exports rose 0.48 percent to $1.99 million. Imports totaled $18,000.
  • Trade with No. 4 Low-Valued Imports and Exports fell 13.74 percent to $1.61 million.
    Exports fell 13.74 percent to $1.61 million. There were no imports.
  • Trade with No. 5 Port of Seattle, Wash. fell 15.38 percent to $887,259.
    Exports fell 15.38 percent to $887,259. There were no imports.

Palau ranked No. 195 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 196.

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 Palau by value through August were the categories of Low value shipments; Frozen beef; Prepared foods, beverages; Chicken and other poultry; and Onions, shallots, garlic, leeks, frozen or chilled, respectively. They accounted for 39.19 percent of total exports to Palau.

The value of the top five categories of U.S. imports from Palau –– Computer parts; Live fish; Fish, fresh or chilled; Aircraft engines, engine parts; and Salvage –– accounted for 95.41 percent of all inbound shipments.

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

  • Low value shipments fell 13.74 percent compared to last year to $1.61 million.
  • Frozen beef rose 5.63 percent compared to last year to $931,856.
  • Prepared foods, beverages fell 22.59 percent compared to last year to $848,966.
  • Chicken and other poultry fell 12.41 percent compared to last year to $584,543.
  • Onions, shallots, garlic, leeks, frozen or chilled rose 15.45 percent compared to last year to $509,500.

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

  • Computer parts rose 56.87 percent compared to last year to $918,785.
  • Live fish rose 5.95 percent compared to last year to $113,265.
  • Fish, fresh or chilled fell 64.48 percent compared to last year to $60,479.
  • Aircraft engines, engine parts totaled $57,269. The previous year, there were no imports in this category.
  • Salvage rose 21.13 percent compared to last year to $35,960.

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.