Chicago Top Trading Partners
Total trade: $223.78 billion
January – December 2017
Top U.S. Trading Partners
Total U.S. trade: $3.89 trillion
Chicago’s trade increases 12.74 percent through December
Chicago’s trade with the world rose 12.74 percent, from $198.48 billion to $223.78 billion in 2017 when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. Chicago’s exports increased 5.08 percent while imports rose 15.04 percent. Chicago’s deficit was $127.58 billion.
Through December the district’s top five trade partners were No. 1 China, No. 2 Canada, No. 3 Japan, No. 4 Germany and No. 5 Ireland compared to the same period last year when the top five were No. 1 China, No. 2 Japan, No. 3 Canada, No. 4 Germany and No. 5 South Korea, respectively.
Taking a closer look at the leading trade partners with Chicago:
- Trade with No. 1 China rose 16.36 percent to $76.4 billion.
Exports rose 18.14 percent to $8.31 billion. Imports rose 16.15 percent to $68.09 billion.
- Trade with No. 2 Canada rose 35.41 percent to $20.39 billion.
Exports rose 35.66 percent to $95.86 million. Imports rose 35.41 percent to $20.3 billion.
- Trade with No. 3 Japan rose 0.75 percent to $17.07 billion.
Exports fell 4.25 percent to $4.45 billion. Imports rose 2.64 percent to $12.62 billion.
- Trade with No. 4 Germany fell 0.32 percent to $12.35 billion.
Exports fell 2.21 percent to $4.09 billion. Imports rose 0.64 percent to $8.26 billion.
- Trade with No. 5 Ireland rose 56.75 percent to $12.19 billion.
Exports rose 69.71 percent to $1.4 billion. Imports rose 55.21 percent to $10.78 billion.
Chicago’s top five trading partners through December accounted for 61.85 percent of its trade with the world. The U.S. average for the same time period was 55.3 percent.
Chicago had trade surpluses with 106 countries and deficits with 114 through December. That compares with 115 surpluses and 109 deficits for the same period one year earlier. The top three surpluses through December of this year were with Hong Kong, $1.53 billion; The Netherlands, $841.78 million; and United Arab Emirates, $564.62 million. The top three deficits through December of this year were with China, $59.78 billion; Canada, $20.2 billion; and Ireland, $9.38 billion.
Top Exports from Chicago
Total Exports: $48.1 billion
|1||Civilian aircraft, parts||$7,326,839,076|
|2||Medicines in individual dosages||$5,001,876,845|
|3||Medical instruments for surgeons, dentists, vets||$3,290,280,588|
|4||Plasma, vaccines, blood||$3,062,530,452|
|5||Cell phones, related equipment||$2,401,753,443|
|6||Orthopedic appliances, artificial body parts||$1,113,043,413|
|7||Misc. medical chemical re-agents||$1,019,602,613|
|10||Medical equipment for physicals||$843,646,235|
January – December 2017
Top Imports to Chicago
Total Imports: $175.68 billion
|1||Cell phones, related equipment||$32,318,542,337|
|4||Medicines in individual dosages||$10,303,965,974|
|5||Plasma, vaccines, blood||$8,171,628,981|
|6||Exports returned, without change||$4,793,047,709|
|7||Motor vehicle parts||$3,312,982,757|
|8||Heterocyclic chemical compounds||$2,291,199,820|
|9||Medical instruments for surgeons, dentists, vets||$1,641,436,090|
|10||Power supplies, transformers||$1,430,093,637|
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.
Chicago’s top five exports by value through December were Civilian aircraft, parts; Medicines in individual dosages; Medical instruments for surgeons, dentists, vets; Plasma, vaccines, blood; and Cell phones, related equipment, in that order. They accounted for 43.83 percent of total exports from Chicago.
Chicago’s top five imports by value through December were Cell phones, related equipment; Oil; Computers; Medicines in individual dosages; and Plasma, vaccines, blood. They accounted for 46.54 percent of all inbound shipments.
Looking more closely at Chicago’s exports:
- Civilian aircraft, parts fell 7.91 percent compared to last year to $7.33 billion.
- Medicines in individual dosages fell 0.95 percent compared to last year to $5 billion.
- Medical instruments for surgeons, dentists, vets rose 1.57 percent compared to last year to $3.29 billion.
- Plasma, vaccines, blood rose 12.67 percent compared to last year to $3.06 billion.
- Cell phones, related equipment rose 45.62 percent compared to last year to $2.4 billion.
On the import side:
- Cell phones, related equipment rose 14.88 percent compared to last year to $32.32 billion.
- Oil rose 39.22 percent compared to last year to $19.8 billion.
- Computers rose 29.82 percent compared to last year to $11.16 billion.
- Medicines in individual dosages rose 2.59 percent compared to last year to $10.3 billion.
- Plasma, vaccines, blood rose 41.53 percent compared to last year to $8.17 billion.
Last year the Chicago customs district posted total trade with the world of $198.48 billion. The district’s deficit was $106.94 billion. At the end of the year, the custom’s districts top five trading partners were China, Japan, Canada, Germany and South Korea. Exports totaled $45.77 billion and imports came to $152.71 billion.