Cleveland Top Trading Partners
Total trade: $143.01 billion
January – December 2017
Top U.S. Trading Partners
Total U.S. trade: $3.89 trillion
Cleveland’s trade increases 8.46 percent through December
Cleveland’s trade with the world rose 8.46 percent, from $131.86 billion to $143.01 billion in 2017 when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. Cleveland’s exports increased 12.95 percent while imports rose 6.73 percent. Cleveland’s deficit was $60.4 billion.
Through December the district’s top five trade partners were No. 1 China, No. 2 Japan, No. 3 Germany, No. 4 Canada and No. 5 France compared to the same period last year when the top five were No. 1 China, No. 2 Japan, No. 3 Germany, No. 4 Canada and No. 5 France, respectively.
Taking a closer look at the leading trade partners with Cleveland:
- Trade with No. 1 China rose 16.22 percent to $29.48 billion.
Exports rose 35.78 percent to $1.7 billion. Imports rose 15.2 percent to $27.78 billion.
- Trade with No. 2 Japan rose 4.34 percent to $13.26 billion.
Exports rose 5.61 percent to $1.06 billion. Imports rose 4.23 percent to $12.2 billion.
- Trade with No. 3 Germany rose 8.97 percent to $11.21 billion.
Exports rose 18.71 percent to $3.7 billion. Imports rose 4.74 percent to $7.52 billion.
- Trade with No. 4 Canada rose 7.55 percent to $11.05 billion.
Exports rose 5.48 percent to $6.52 billion. Imports rose 10.68 percent to $4.53 billion.
- Trade with No. 5 France rose 2.82 percent to $8.97 billion.
Exports rose 17.99 percent to $3.99 billion. Imports fell 6.77 percent to $4.99 billion.
Cleveland’s top five trading partners through December accounted for 51.73 percent of its trade with the world. The U.S. average for the same time period was 55.3 percent.
Cleveland had trade surpluses with 138 countries and deficits with 93 through December. That compares with 129 surpluses and 98 deficits for the same period one year earlier. The top three surpluses through December of this year were with Canada, $1.99 billion; Hong Kong, $886.05 million; and The Netherlands, $796.05 million. The top three deficits through December of this year were with China, $26.07 billion; Japan, $11.14 billion; and Ireland, $5.18 billion.
Top Exports from Cleveland
Total Exports: $41.3 billion
|1||Civilian aircraft, parts||$8,858,673,013|
|3||Plasma, vaccines, blood||$1,966,888,843|
|4||Cell phones, related equipment||$1,727,087,038|
|5||Medical instruments for surgeons, dentists, vets||$1,591,225,464|
|6||Orthopedic appliances, artificial body parts||$1,435,444,949|
|8||Photo-sensitive semi-conductors, parts||$936,198,204|
|9||Misc. medical chemical re-agents||$874,167,024|
|10||Exports returned, without change||$780,234,688|
January – December 2017
Top Imports to Cleveland
Total Imports: $101.71 billion
|1||Aircraft engines, engine parts||$6,488,472,109|
|2||Medicines in individual dosages||$6,227,948,772|
|3||Cell phones, related equipment||$5,910,853,631|
|5||Motor vehicle parts||$4,542,708,882|
|6||Exports returned, without change||$4,457,519,460|
|7||Plasma, vaccines, blood||$4,450,317,930|
|8||Unrecorded media for audio||$2,598,596,198|
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.
Cleveland’s top five exports by value through December were Civilian aircraft, parts; Computer chips; Plasma, vaccines, blood; Cell phones, related equipment; and Medical instruments for surgeons, dentists, vets, in that order. They accounted for 41.37 percent of total exports from Cleveland.
Cleveland’s top five imports by value through December were Aircraft engines, engine parts; Medicines in individual dosages; Cell phones, related equipment; Computers; and Motor vehicle parts. They accounted for 27.8 percent of all inbound shipments.
Looking more closely at Cleveland’s exports:
- Civilian aircraft, parts rose 21.08 percent compared to last year to $8.86 billion.
- Computer chips rose 5.37 percent compared to last year to $2.94 billion.
- Plasma, vaccines, blood rose 7.7 percent compared to last year to $1.97 billion.
- Cell phones, related equipment rose 8.02 percent compared to last year to $1.73 billion.
- Medical instruments for surgeons, dentists, vets rose 2.65 percent compared to last year to $1.59 billion.
On the import side:
- Aircraft engines, engine parts rose 5.34 percent compared to last year to $6.49 billion.
- Medicines in individual dosages rose 17.5 percent compared to last year to $6.23 billion.
- Cell phones, related equipment rose 31.64 percent compared to last year to $5.91 billion.
- Computers rose 17.49 percent compared to last year to $5.1 billion.
- Motor vehicle parts rose 22.28 percent compared to last year to $4.54 billion.
Last year the Cleveland customs district posted total trade with the world of $131.86 billion. The district’s deficit was $58.72 billion. At the end of the year, the custom’s districts top five trading partners were China, Japan, Germany, Canada and France. Exports totaled $36.57 billion and imports came to $95.29 billion.