| March 2012 |
Total Exports To Federated States of Micronesia
| Rank | Commodity | Total YTD Exports |
|---|---|---|
1 | Low value shipments | $2,663,256 |
2 | Fishing rods, tackle, nets, decoys | $1,687,369 |
3 | Rice | $1,129,764 |
4 | Poultry, fresh, chilled or frozen | $1,127,544 |
5 | Landline, cellular phone equipment | $465,390 |
6 | Prepared foods, beverages | $386,279 |
7 | Prepared or preserved meat | $311,620 |
8 | Wood, sawed or chipped, greater than 6 meters thic | $290,171 |
9 | Frozen beef from cows | $286,045 |
10 | Medical instruments for surgeons, dentists, vets | $227,500 |
Total Imports From Federated States of Micronesia
| Rank | Commodity | Total YTD Imports |
|---|---|---|
1 | Imports of returned exports | $258,650 |
2 | Fish fillets, chilled or frozen | $74,772 |
3 | Basketwork, wickerwork | $71,603 |
4 | Medical equipment for physicals | $45,537 |
5 | Salvage | $21,472 |
6 | Coral, shell of mollusks | $20,253 |
7 | Fish, fresh or chilled | $14,591 |
8 | Women's or girls' suits, not knit | $2,485 |
9 | Live fish | $2,010 |
10 | Plastic boxes, containers | $1,665 |
| March 2012 |
Top Federated States of Micronesia Trading Partners
| Rank | District | Total YTD |
|---|---|---|
1 | San Francisco | $4,608,797 |
2 | Los Angeles | $3,235,444 |
3 | Low Value Shipments | $2,684,728 |
4 | Laredo | $707,936 |
5 | Honolulu | $545,009 |
6 | New Orleans | $496,458 |
7 | Seattle | $340,011 |
8 | Portland/Columbia-Snake River | $187,757 |
9 | Phoenix/Nogales | $166,680 |
10 | Houston | $160,385 |
Top US Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CANADA | $153,987,495,076 |
2 | MEXICO | $122,398,351,478 |
3 | CHINA | $120,983,448,879 |
4 | JAPAN | $54,762,867,594 |
5 | GERMANY | $38,277,050,668 |
6 | UNITED KINGDOM | $28,840,373,748 |
7 | SOUTH KOREA | $25,150,256,689 |
8 | BRAZIL | $19,088,773,913 |
9 | SAUDI ARABIA | $18,638,133,172 |
10 | FRANCE | $17,857,130,070 |
Federated States of Micronesia’s trade rose to $13,263,675 through March
Federated States of Micronesia’s trade with the United States rose to $13,263,675 through the first three months of 2012, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 11.67 percent above its total trade during the same time period last year. Federated States of Micronesia’s exports increased 12.06 percent while imports rose 2.87 percent. The U.S. surplus with Federated States of Micronesia was $12,231,921.
Through March, Federated States of Micronesia’s top U.S. Customs districts for total imports and exports were No. 1 San Francisco, No. 2 Los Angeles, No. 3 Low Value Shipments, No. 4 Laredo and No. 5 Honolulu compared to last year when the top spots were held by No. 1 San Francisco, No. 2 Los Angeles, No. 3 Low Value Shipments, No. 4 Honolulu and No. 5 Laredo. In the current time period, the top five accounted for 12.58 percent of Federated States of Micronesia’s U.S. trade.. That compares to 0.81 percent for the nation’s top five Customs districts during the same time period.Taking a closer look at the leading U.S. gateways for U.S. trade with Federated States of Micronesia,:
- Trade with No. 1 San Francisco fell -9.22 percent to $4,608,797.
Exports fell -9.22 percent to $4,608,797. Imports fell to $0. - Trade with No. 2 Los Angeles rose 1.48 percent to $3,235,444.
Exports rose 10.96 percent to $3,223,324. Imports fell -95.73 percent to $12,120. - Trade with No. 3 Low Value Shipments rose 59.80 percent to $2,684,728.
Exports rose 60.56 percent to $2,663,256. Imports rose 0.45 percent to $21,472. - Trade with No. 4 Laredo rose 54.39 percent to $707,936.
Exports rose 54.03 percent to $706,271. Imports rose to $1,665. - Trade with No. 5 Honolulu fell -21.14 percent to $545,009.
Exports fell -30.54 percent to $394,139. Imports rose 21.99 percent to $150,870.
Through March, 14 Customs districts posted trade surpluses with Federated States of Micronesia while 4 had deficits. That compares with 12 surpluses and 2 deficits for the same period one year ago. The top surplus was with San Francisco at $4,608,797, the largest deficit was with New Orleans at $-111,916.
Meanwhile, total U.S. trade with the world increased to $934,379,177,983, up 8.63 percent compared to the same period last year. The nation’s exports climbed 3.54 percent to $30,467,217,700; imports rose 5.09 percent to $43,800,507,934. The nation’s top five countries so far this year, by value, are Canada, Mexico, China, Japan and Germany. The overall trade deficit was $-171,264,242,143, up compared to the same period of last year when the deficit was $-157,930,951,909.
The top five U.S. exports to Federated States of Micronesia by value through March were low value shipments; fishing rods, tackle, nets, decoys; rice; poultry, fresh, chilled or frozen; and landline, cellular phone equipment, respectively. They accounted for 55.49 percent of total exports to Federated States of Micronesia.
The value of the top five U.S. imports from Federated States of Micronesia -- imports of returned exports; fish fillets, chilled or frozen; basketwork, wickerwork; medical equipment for physicals; and salvage -- accounted for 91.50 percent of all inbound shipments.
Looking more closely at U.S. exports to Federated States of Micronesia:
- Low value shipments rose 60.56 percent compared to last year to $2,663,256.
- Fishing rods, tackle, nets, decoys rose 22.91 percent compared to last year to $1,687,369.
- Rice fell -32.22 percent compared to last year to $1,129,764.
- Poultry, fresh, chilled or frozen rose 24.91 percent compared to last year to $1,127,544.
- Landline, cellular phone equipment rose compared to last year to $465,390.
Looking more closely at U.S. imports from Federated States of Micronesia
- Imports of returned exports rose 352.81 percent compared to last year to $258,650.
- Fish fillets, chilled or frozen fell -72.64 percent compared to last year to $74,772.
- Basketwork, wickerwork rose 28.37 percent compared to last year to $71,603.
- Medical equipment for physicals rose compared to last year to $45,537.
- Salvage rose 0.45 percent compared to last year to $21,472.
In the latest annual figures available, Federated States of Micronesia recorded $11,877,423 in trade with the United States. At year’s end, its top five Customs districts were San Francisco, Los Angeles, Low Value Shipments, Honolulu and Seattle. Total U.S. exports to Federated States of Micronesia were $44,056,009 and imports from Federated States of Micronesia were $1,596,352. The U.S. surplus with Federated States of Micronesia was $42,459,657.