Tuvalu

Tuvalu ranked No. 219 in total trade value through June with a total of $1.37 million. Exports totaled $1.34 million and Imports totaled $34,719, a surplus of $1.3 million.

U.S. trade with Tuvalu rose to $1.37 million through June

Tuvalu’s trade with the United States rose to $1.37 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 311.08 percent above its total trade during the same time period last year. U.S. exports to Tuvalu increased 521.88 percent while U.S. imports from Tuvalu fell 70.73 percent. The U.S. surplus with Tuvalu was $1.3 million.

Through June, the top five among the nation’s airports, seaports and border crossings 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 San Juan, Puerto Rico. During the same period the previous year, the top five were No. 1 Port of Oakland, Calif.; No. 2 Cleveland’s Hopkins International Airport, Ohio; No. 3 Los Angeles International Airport; No. 4 San Francisco International Airport, Calif. and No. 5 Dulles International Airport, Washington D.C., Va.. In the current time period, the top five accounted for 95.81 percent of Tuvalu’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Oakland, Calif. rose 527.75 percent to $1.05 million.
    Exports rose 527.75 percent to $1.05 million. There were no imports.
  • Trade with No. 2 Port of Honolulu, Hawaii totaled $103,566.
    Exports totaled $103,566. There were no imports.
  • Trade with No. 3 Low-Valued Imports and Exports rose 556.63 percent to $71,369.
    Exports rose 556.63 percent to $71,369. There were no imports.
  • Trade with No. 4 Port of Long Beach totaled $70,000.
    Exports totaled $70,000. There were no imports.
  • Trade with No. 5 Port of San Juan, Puerto Rico totaled $20,771.
    Exports totaled $20,771. There were no imports.

Tuvalu ranked No. 219 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 226.

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 Tuvalu by value through June were the categories of Electric storage batteries; Chicken and other poultry; Power supplies, transformers; Compasses and similar navigational instruments; and Low value shipments, respectively. They accounted for 90.7 percent of total exports to Tuvalu.

The value of the top five categories of U.S. imports from Tuvalu –– Unwrought platinum in various forms; Estimates of low-value imports; Misc. central heat boilers, parts; Misc. aircraft parts; and Coins –– accounted for 100 percent of all inbound shipments.

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

  • Electric storage batteries totaled $662,532. The previous year, there were no exports in this category.
  • Chicken and other poultry rose 55.33 percent compared to last year to $243,945.
  • Power supplies, transformers totaled $134,290. The previous year, there were no exports in this category.
  • Compasses and similar navigational instruments totaled $99,567. The previous year, there were no exports in this category.
  • Low value shipments rose 556.63 percent compared to last year to $71,369.

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

  • Unwrought platinum in various forms totaled $9,417. The previous year, there were no imports in this category.
  • Estimates of low-value imports fell 13.74 percent compared to last year to $9,171.
  • Misc. central heat boilers, parts totaled $8,856. The previous year, there were no imports in this category.
  • Misc. aircraft parts totaled $5,156. The previous year, there were no imports in this category.
  • Coins fell 92.11 percent compared to last year to $2,119.

In the latest annual figures available, Tuvalu recorded $987,653 in trade with the United States. Total U.S. exports to Tuvalu were $ 832,383 and imports from Tuvalu were $155,270. The U.S. surplus with Tuvalu was $677,113.