Vanuatu

Vanuatu ranked No. 211 in total trade value through June with a total of $3.04 million. Exports totaled $1.12 million and Imports totaled $1.92 million, a deficit of $797,525.

U.S. trade with Vanuatu rose to $3.04 million through June

Vanuatu’s trade with the United States rose to $3.04 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 34.57 percent below its total trade during the same time period last year. U.S. exports to Vanuatu decreased 41.81 percent while U.S. imports from Vanuatu fell 29.44 percent. The U.S. deficit with Vanuatu was $797,525.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 San Francisco International Airport, Calif.; No. 2 Low-Valued Imports and Exports; No. 3 Houston Int’l Airport; No. 4 Los Angeles International Airport; and No. 5 Port of Long Beach. During the same period the previous year, the top five were No. 1 Port of Los Angeles; No. 2 Low-Valued Imports and Exports; No. 3 Houston Int’l Airport; No. 4 Port of Long Beach and No. 5 San Francisco International Airport, Calif.. In the current time period, the top five accounted for 57.73 percent of Vanuatu’s U.S. trade.

Among those top five:

  • Trade with No. 1 San Francisco International Airport, Calif. rose 13.15 percent to $450,889.
    Exports totaled $3,150. Imports rose 12.36 percent to $447,739.
  • Trade with No. 2 Low-Valued Imports and Exports fell 44.18 percent to $419,906.
    Exports fell 44.18 percent to $419,906. There were no imports.
  • Trade with No. 3 Houston Int’l Airport fell 45.75 percent to $312,545.
    There were no exports. Imports fell 45.49 percent to $312,545.
  • Trade with No. 4 Los Angeles International Airport rose 3.84 percent to $288,380.
    Exports rose 204.82 percent to $61,738. Imports fell 11.97 percent to $226,642.
  • Trade with No. 5 Port of Long Beach fell 32.19 percent to $285,116.
    Exports fell 35.98 percent to $269,184. Imports totaled $15,932.

Vanuatu ranked No. 211 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 210.

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 Vanuatu by value through June were the categories of Low value shipments; Preparations for use on hair; Passenger vehicles; Cell phones, related equipment; and Insulin, hormones and steroids, respectively. They accounted for 63.09 percent of total exports to Vanuatu.

The value of the top five categories of U.S. imports from Vanuatu –– Plants for pharmacy, perfume, insecticides; Frozen fish; Estimates of low-value imports; Misc. vegetable fats, oils; and Essential oil resins –– accounted for 98.32 percent of all inbound shipments.

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

  • Low value shipments fell 44.18 percent compared to last year to $419,906.
  • Preparations for use on hair rose 887.13 percent compared to last year to $81,004.
  • Passenger vehicles rose 31.46 percent compared to last year to $71,000.
  • Cell phones, related equipment rose 182.36 percent compared to last year to $68,655.
  • Insulin, hormones and steroids fell 69.8 percent compared to last year to $67,768.

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

  • Plants for pharmacy, perfume, insecticides fell 15.77 percent compared to last year to $1.64 million.
  • Frozen fish rose 145.6 percent compared to last year to $199,928.
  • Estimates of low-value imports rose 141.11 percent compared to last year to $18,932.
  • Misc. vegetable fats, oils fell 87.56 percent compared to last year to $15,932.
  • Essential oil resins totaled $15,300. The previous year, there were no imports in this category.

In the latest annual figures available, Vanuatu recorded $10.72 million in trade with the United States. Total U.S. exports to Vanuatu were $ 4.65 million and imports from Vanuatu were $6.07 million. The U.S. deficit with Vanuatu was $1.42 million.