Marshall Islands

Marshall Islands ranked No. 163 in total trade value through March with a total of $25.11 million. Exports totaled $23.81 million and Imports totaled $1.3 million, a surplus of $22.51 million.

U.S. trade with Marshall Islands rose to $25.11 million through March

Marshall Islands’s trade with the United States rose to $25.11 million through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 24.87 percent below its total trade during the same time period last year. U.S. exports to Marshall Islands decreased 19.9 percent while U.S. imports from Marshall Islands fell 64.87 percent. The U.S. surplus with Marshall Islands was $22.51 million.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Long Beach; No. 2 Port of Oakland, Calif.; No. 3 Port of Seattle, Wash.; No. 4 Honolulu International Airport, Hawaii; and No. 5 Port of Honolulu, Hawaii. During the same period the previous year, the top five 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. In the current time period, the top five accounted for 70.4 percent of Marshall Islands’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Long Beach rose 62.57 percent to $5.02 million.
    Exports rose 63.48 percent to $5.02 million. There were no imports.
  • Trade with No. 2 Port of Oakland, Calif. fell 31.18 percent to $3.37 million.
    Exports fell 31.18 percent to $3.37 million. There were no imports.
  • Trade with No. 3 Port of Seattle, Wash. rose 91.67 percent to $3.34 million.
    Exports rose 81.41 percent to $3.13 million. Imports rose 1044.67 percent to $212,290.
  • Trade with No. 4 Honolulu International Airport, Hawaii fell 51.89 percent to $3.16 million.
    Exports fell 55.41 percent to $2.45 million. Imports fell 34 percent to $711,072.
  • Trade with No. 5 Port of Honolulu, Hawaii rose 22.92 percent to $2.79 million.
    Exports rose 33.13 percent to $2.73 million. Imports fell 75.37 percent to $52,546.

Marshall Islands ranked No. 163 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 162.

Meanwhile, total U.S. trade with the world increased to $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 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 $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to Marshall Islands by value through March were the categories of Ship’s derricks, cranes, mobile lifting frames; Low value shipments; Cranes, derricks, industrial-use vehicles; Gasoline, other fuels; and Parts for cellular communications, respectively. They accounted for 45.14 percent of total exports to Marshall Islands.

The value of the top five categories of U.S. imports from Marshall Islands –– Fish fillets, chilled or frozen; Fish, fresh or chilled; Estimates of low-value imports; Plastic floor and wall coverings; and Live fish –– accounted for 90.06 percent of all inbound shipments.

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

  • Ship’s derricks, cranes, mobile lifting frames totaled $3.26 million. The previous year, there were no exports in this category.
  • Low value shipments fell 21.61 percent compared to last year to $2.56 million.
  • Cranes, derricks, industrial-use vehicles totaled $1.97 million. The previous year, there were no exports in this category.
  • Gasoline, other fuels rose 12.24 percent compared to last year to $1.77 million.
  • Parts for cellular communications rose 15.63 percent compared to last year to $1.2 million.

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

  • Fish fillets, chilled or frozen fell 5.82 percent compared to last year to $561,528.
  • Fish, fresh or chilled fell 62.01 percent compared to last year to $317,474.
  • Estimates of low-value imports fell 41.12 percent compared to last year to $188,618.
  • Plastic floor and wall coverings totaled $50,396. The previous year, there were no imports in this category.
  • Live fish rose 10.59 percent compared to last year to $49,948.

In the latest annual figures available, Marshall Islands recorded $110.59 million in trade with the United States. Total U.S. exports to Marshall Islands were $ 100.06 million and imports from Marshall Islands were $10.52 million. The U.S. surplus with Marshall Islands was $89.54 million.