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Marshall Islands

Marshall Islands ranked No. 162 in total trade value through March with a total of $33.42 million. Exports totaled $29.72 million and Imports totaled $3.69 million, a surplus of $26.03 million.

January – March 2019

Top Trading Ports

Total Trade: $33.42 million

RankPortTotal YTD
1Port of Morgan City, La. $6,640,955
2Honolulu International Airport, Hawaii $6,563,818
3Port of Oakland, Calif. $4,896,789
4Low-Valued Imports and Exports $3,259,644
5Port of Long Beach $3,090,085
6Port of Honolulu, Hawaii $2,267,437
7Port of Seattle, Wash. $1,741,183
8Port of New Orleans $1,633,249
9Port of Tacoma, Wash. $845,025
10Dallas-Fort Worth International Airport, Texas $651,607

U.S. trade with Marshall Islands rose to $33.42 million through March

Marshall Islands’s trade with the United States rose to $33.42 million through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 54.89 percent below its total trade during the same time period last year. Marshall Islands’s exports decreased 56.72 percent while imports fell 31.6 percent. The U.S. surplus with Marshall Islands was $26.03 million.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Morgan City, La.; No. 2 Honolulu International Airport, Hawaii; No. 3 Port of Oakland, Calif.; No. 4 Low-Valued Imports and Exports; and No. 5 Port of Long Beach. During the same period the previous year, the top five were No. 1 Port of Morgan City, La. No. 2 Low-Valued Imports and Exports No. 3 Port of Long Beach No. 4 Port of Oakland, Calif. and No. 5 Port of Los Angeles. In the current time period, the top five accounted for 73.17 percent of Marshall Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Morgan City, La. fell 85.43 percent to $6.64 million.
    Exports fell 85.43 percent to $6.64 million. There were no imports.
  • Trade with No. 2 Honolulu International Airport, Hawaii rose 170.28 percent to $6.56 million.
    Exports rose 400.88 percent to $5.49 million. Imports fell 19.19 percent to $1.08 million.
  • Trade with No. 3 Port of Oakland, Calif. rose 33.74 percent to $4.9 million.
    Exports rose 33.74 percent to $4.9 million. There were no imports.
  • Trade with No. 4 Low-Valued Imports and Exports fell 51.25 percent to $3.26 million.
    Exports fell 51.25 percent to $3.26 million. There were no imports.
  • Trade with No. 5 Port of Long Beach fell 48.27 percent to $3.09 million.
    Exports fell 48.56 percent to $3.07 million. Imports totaled $17,250.

Marshall Islands ranked No. 162 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 135.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Marshall Islands by value through March were the categories of Parts for heavy machinery; Parts for electrical supplies; Low value shipments; Containers for transportation; and Electric domestic appliances, parts, respectively. They accounted for 51.59 percent of total exports to Marshall Islands.

The value of the top five categories of U.S. imports from Marshall Islands –– Fish, fresh or chilled; Fish fillets, chilled or frozen; Ethers, ether-alcohols, alcohol peroxides etc.; Scrap iron, steel; and Value added to a returned import –– accounted for 76.86 percent of all inbound shipments.

Looking more closely at U.S. exports to Marshall Islands:

  • Parts for heavy machinery fell 67.46 percent compared to last year to $3.88 million.
  • Parts for electrical supplies rose 4735.8 percent compared to last year to $3.32 million.
  • Low value shipments fell 51.25 percent compared to last year to $3.26 million.
  • Containers for transportation fell 59.87 percent compared to last year to $2.62 million.
  • Electric domestic appliances, parts rose 1980.37 percent compared to last year to $2.26 million.

Looking more closely at U.S. imports from Marshall Islands:

  • Fish, fresh or chilled rose 50.62 percent compared to last year to $835,724.
  • Fish fillets, chilled or frozen fell 36.78 percent compared to last year to $596,236.
  • Ethers, ether-alcohols, alcohol peroxides etc. totaled $506,910. The previous year, there were no imports in this category.
  • Scrap iron, steel totaled $477,500. The previous year, there were no imports in this category.
  • Value added to a returned import fell 85.66 percent compared to last year to $420,979.

In the latest annual figures available, Marshall Islands recorded $610.39 million in trade with the United States. At year’s end, its were Los Angeles; New Orleans; Low Value Shipments; Honolulu; and Philadelphia. Total U.S. exports to Marshall Islands were $ 574.31 million and imports from Marshall Islands were $36.08 million. The U.S. surplus with Marshall Islands was $538.22 million.