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Chicago

January – December 2017

Chicago Top Trading Partners

Total trade: $223.78 billion

RankCountryTotal YTD
1China $76,397,429,827
2Canada $20,394,851,483
3Japan $17,068,105,049
4Germany $12,349,164,334
5Ireland $12,187,139,418
6South Korea $7,144,983,428
7United Kingdom $6,722,985,926
8France $6,560,739,378
9Switzerland $6,364,632,735
10Taiwan $5,594,082,833

January – December 2017

Top U.S. Trading Partners

Total U.S. trade: $3.89 trillion

RankCountryTotal YTD
1China $635,966,594,548
2Canada $582,446,910,813
3Mexico $557,033,857,620
4Japan $204,239,482,434
5Germany $171,237,510,586
6South Korea $119,440,710,726
7United Kingdom $109,403,656,910
8France $82,469,431,746
9India $74,331,747,932
10Italy $68,286,326,460

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.

January – December 2017

Top Exports from Chicago

Total Exports: $48.1 billion

RankCommodityTotal YTD
1Civilian aircraft, parts $7,326,839,076
2Medicines in individual dosages $5,001,876,845
3Medical instruments for surgeons, dentists, vets $3,290,280,588
4Plasma, vaccines, blood $3,062,530,452
5Cell phones, related equipment $2,401,753,443
6Orthopedic appliances, artificial body parts $1,113,043,413
7Misc. medical chemical re-agents $1,019,602,613
8X-ray apparatus $992,305,958
9Computers $847,877,930
10Medical equipment for physicals $843,646,235

January – December 2017

Top Imports to Chicago

Total Imports: $175.68 billion

RankCommodityTotal YTD
1Cell phones, related equipment $32,318,542,337
2Oil $19,804,714,396
3Computers $11,160,272,264
4Medicines in individual dosages $10,303,965,974
5Plasma, vaccines, blood $8,171,628,981
6Exports returned, without change $4,793,047,709
7Motor vehicle parts $3,312,982,757
8Heterocyclic chemical compounds $2,291,199,820
9Medical instruments for surgeons, dentists, vets $1,641,436,090
10Power 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.

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