Charleston Top Trading Partners
Total trade: $76.25 billion
January – December 2017
Top U.S. Trading Partners
Total U.S. trade: $3.89 trillion
Charleston’s trade decreases 0.31 percent through December
Charleston’s trade with the world fell 0.31 percent, from $76.49 billion to $76.25 billion in 2017 when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. Charleston’s exports decreased 6.26 percent while imports rose 4.26 percent. Charleston’s deficit was $13.92 billion.
Through December the district’s top five trade partners were No. 1 Germany, No. 2 China, No. 3 Japan, No. 4 United Kingdom and No. 5 India compared to the same period last year when the top five were No. 1 Germany, No. 2 China, No. 3 United Kingdom, No. 4 Japan and No. 5 India, respectively.
Taking a closer look at the leading trade partners with Charleston:
- Trade with No. 1 Germany fell 0.8 percent to $14.43 billion.
Exports fell 5.98 percent to $4.01 billion. Imports rose 1.35 percent to $10.42 billion.
- Trade with No. 2 China rose 8.01 percent to $14.4 billion.
Exports fell 2.89 percent to $6.26 billion. Imports rose 18.22 percent to $8.14 billion.
- Trade with No. 3 Japan rose 9.04 percent to $4.69 billion.
Exports rose 10.83 percent to $1.8 billion. Imports rose 7.94 percent to $2.89 billion.
- Trade with No. 4 United Kingdom fell 17.89 percent to $3.65 billion.
Exports fell 21.77 percent to $2.48 billion. Imports fell 8.28 percent to $1.17 billion.
- Trade with No. 5 India fell 11.92 percent to $2.93 billion.
Exports fell 23.74 percent to $569.94 million. Imports fell 8.49 percent to $2.36 billion.
Charleston’s top five trading partners through December accounted for 52.59 percent of its trade with the world. The U.S. average for the same time period was 55.3 percent.
Charleston had trade surpluses with 108 countries and deficits with 90 through December. That compares with 119 surpluses and 84 deficits for the same period one year earlier. The top three surpluses through December of this year were with United Kingdom, $1.31 billion; Australia, $929.92 million; and Saudi Arabia, $753.94 million. The top three deficits through December of this year were with Germany, $6.41 billion; China, $1.89 billion; and India, $1.79 billion.
Top Exports from Charleston
Total Exports: $31.17 billion
|1||Motor vehicles for transporting people||$7,107,957,103|
|2||Civilian aircraft, parts||$5,590,617,113|
|3||Motor vehicle parts||$943,147,225|
|5||Aircraft engines, engine parts||$554,344,323|
|6||Polyethers, epoxides and polyesters, primary forms||$483,801,258|
|7||Chemical wood pulp, not dissolving grade||$470,169,836|
|8||Artificial filament tow||$462,672,227|
|9||Rum, gin, vodka, other liquors||$446,820,581|
|10||Miscellaneous machines, parts||$434,383,595|
January – December 2017
Top Imports to Charleston
Total Imports: $45.09 billion
|1||Motor vehicle parts||$3,251,331,786|
|3||Medicines in individual dosages||$2,305,035,794|
|5||Motor vehicle engines||$875,299,363|
|6||Taps, cocks and valves for pipes, tanks||$746,444,240|
|7||Pumps for dispensing liquids||$641,553,464|
|9||Compressors and pumps||$559,028,667|
Meanwhile, total U.S. trade with the world increased to $3.89 trillion, up 6.77 percent compared to the same period last year. The nation’s exports climbed 6.4 percent to $1.55 trillion; imports climbed 7.02 percent to $2.34 trillion. The nation’s top five customs districts so far this year, by value, are Los Angeles; New York City; Laredo; Detroit and Chicago. The overall trade deficit was $796.17 billion, up compared to the same period of last year when the deficit was $735.46 billion.
Charleston’s top five exports by value through December were Motor vehicles for transporting people; Civilian aircraft, parts; Motor vehicle parts; Rubber tires; and Aircraft engines, engine parts, in that order. They accounted for 47.57 percent of total exports from Charleston.
Charleston’s top five imports by value through December were Motor vehicle parts; Aircraft parts; Medicines in individual dosages; Rubber tires; and Motor vehicle engines. They accounted for 22.48 percent of all inbound shipments.
Looking more closely at Charleston’s exports:
- Motor vehicles for transporting people fell 7.63 percent compared to last year to $7.11 billion.
- Civilian aircraft, parts fell 9.94 percent compared to last year to $5.59 billion.
- Motor vehicle parts rose 9.11 percent compared to last year to $943.15 million.
- Rubber tires fell 5.93 percent compared to last year to $631.18 million.
- Aircraft engines, engine parts fell 38.11 percent compared to last year to $554.34 million.
On the import side:
- Motor vehicle parts fell 9.64 percent compared to last year to $3.25 billion.
- Aircraft parts rose 7.15 percent compared to last year to $2.58 billion.
- Medicines in individual dosages fell 24.8 percent compared to last year to $2.31 billion.
- Rubber tires fell 19.78 percent compared to last year to $1.12 billion.
- Motor vehicle engines fell 3.53 percent compared to last year to $875.3 million.
Last year the Charleston customs district posted total trade with the world of $76.49 billion. The district’s deficit was $9.99 billion. At the end of the year, the custom’s districts top five trading partners were Germany, China, United Kingdom, Japan and India. Exports totaled $33.25 billion and imports came to $43.24 billion.