Vanuatu

Vanuatu ranked No. 211 in total trade value through April with a total of $1.98 million. Exports totaled $849,313 and Imports totaled $1.13 million, a deficit of $283,469.

U.S. trade with Vanuatu rose to $1.85 million through March

Vanuatu’s trade with the United States rose to $1.85 million through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.73 percent below its total trade during the same time period last year. U.S. exports to Vanuatu decreased 41.26 percent while U.S. imports from Vanuatu rose 77.12 percent. The U.S. deficit with Vanuatu was $410,475.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 Houston Int’l Airport; No. 2 Low-Valued Imports and Exports; No. 3 Port of New York; No. 4 San Francisco International Airport, Calif.; and No. 5 Port of Long Beach. During the same period the previous year, the top five were No. 1 Low-Valued Imports and Exports No. 2 Port of Long Beach No. 3 Port of Los Angeles No. 4 Port of New Orleans and No. 5 Houston Int’l Airport. In the current time period, the top five accounted for 71.79 percent of Vanuatu’s U.S. trade.

Among those top five:

  • Trade with No. 1 Houston Int’l Airport rose 97.08 percent to $312,545.
    There were no exports. Imports rose 97.08 percent to $312,545.
  • Trade with No. 2 Low-Valued Imports and Exports fell 42.16 percent to $273,106.
    Exports fell 42.16 percent to $273,106. There were no imports.
  • Trade with No. 3 Port of New York rose 183.44 percent to $272,100.
    There were no exports. Imports rose 183.44 percent to $272,100.
  • Trade with No. 4 San Francisco International Airport, Calif. rose 77.58 percent to $269,109.
    Exports totaled $3,150. Imports rose 75.5 percent to $265,959.
  • Trade with No. 5 Port of Long Beach fell 35.35 percent to $202,743.
    Exports fell 35.35 percent to $202,743. There were no imports.

Vanuatu ranked No. 209 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 211.

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 Vanuatu by value through March were the categories of Low value shipments; Passenger vehicles; Insulin, hormones and steroids; Preparations for use on hair; and Civilian aircraft, parts, respectively. They accounted for 68.11 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; Essential oil resins; Estimates of low-value imports; and Misc. ash and slag –– accounted for 98.52 percent of all inbound shipments.

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

  • Low value shipments fell 42.16 percent compared to last year to $273,106.
  • Passenger vehicles rose 135.49 percent compared to last year to $71,000.
  • Insulin, hormones and steroids fell 41.16 percent compared to last year to $67,768.
  • Preparations for use on hair rose 1254.01 percent compared to last year to $47,905.
  • Civilian aircraft, parts rose 87.24 percent compared to last year to $31,119.

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

  • Plants for pharmacy, perfume, insecticides rose 44.24 percent compared to last year to $875,405.
  • Frozen fish rose 636.79 percent compared to last year to $199,928.
  • Essential oil resins totaled $15,300. The previous year, there were no imports in this category.
  • Estimates of low-value imports rose 192.93 percent compared to last year to $12,807.
  • Misc. ash and slag totaled $11,025. 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.