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San Francisco

January – December 2017

San Francisco Top Trading Partners

Total trade: $133.16 billion

RankCountryTotal YTD
1China $29,764,386,055
2Japan $20,023,866,857
3South Korea $12,167,354,908
4Taiwan $8,535,436,023
5Malaysia $6,669,772,050
6Singapore $5,479,968,230
7Germany $3,798,738,235
8Saudi Arabia $3,589,335,466
9Hong Kong $3,261,223,642
10Thailand $2,679,430,570

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

San Francisco’s trade increases 10.95 percent through December

San Francisco’s trade with the world rose 10.95 percent, from $120.03 billion to $133.16 billion in 2017 when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. San Francisco’s exports increased 7.62 percent while imports rose 13.4 percent. San Francisco’s deficit was $23.4 billion.

Through December the district’s top five trade partners were No. 1 China, No. 2 Japan, No. 3 South Korea, No. 4 Taiwan and No. 5 Malaysia compared to the same period last year when the top five were No. 1 China, No. 2 Japan, No. 3 South Korea, No. 4 Taiwan and No. 5 Malaysia, respectively.

Taking a closer look at the leading trade partners with San Francisco:

  • Trade with No. 1 China rose 8.65 percent to $29.76 billion.
    Exports rose 10.36 percent to $7.99 billion. Imports rose 8.04 percent to $21.78 billion.
  • Trade with No. 2 Japan rose 13.68 percent to $20.02 billion.
    Exports rose 19.01 percent to $8.51 billion. Imports rose 10.04 percent to $11.52 billion.
  • Trade with No. 3 South Korea rose 35.33 percent to $12.17 billion.
    Exports rose 55.21 percent to $6.71 billion. Imports rose 16.94 percent to $5.46 billion.
  • Trade with No. 4 Taiwan rose 7.91 percent to $8.54 billion.
    Exports rose 1.77 percent to $4.07 billion. Imports rose 14.18 percent to $4.47 billion.
  • Trade with No. 5 Malaysia fell 7.34 percent to $6.67 billion.
    Exports fell 49.08 percent to $1.16 billion. Imports rose 11.98 percent to $5.51 billion.

San Francisco’s top five trading partners through December accounted for 57.94 percent of its trade with the world. The U.S. average for the same time period was 55.3 percent.

San Francisco had trade surpluses with 132 countries and deficits with 87 through December. That compares with 129 surpluses and 90 deficits for the same period one year earlier. The top three surpluses through December of this year were with Hong Kong, $2.68 billion; South Korea, $1.25 billion; and The Netherlands, $1.16 billion. The top three deficits through December of this year were with China, $13.79 billion; Malaysia, $4.35 billion; and Saudi Arabia, $3.1 billion.

January – December 2017

Top Exports from San Francisco

Total Exports: $54.88 billion

RankCommodityTotal YTD
1Machinery, parts for semiconductor manufacturing $7,968,611,927
2Almonds, walnuts, pistachios, hazelnuts, etc. $4,680,474,975
3Computer chips $2,827,888,699
4Gasoline, other fuels $2,291,491,100
5Motor vehicles for transporting people $2,135,194,449
6Cell phones, related equipment $1,934,583,809
7Computers $1,678,997,249
8Beef, fresh or chilled $1,551,574,905
9Computer parts $1,372,114,763
10Pork meat, fresh, frozen or chilled $1,270,249,416

January – December 2017

Top Imports to San Francisco

Total Imports: $78.28 billion

RankCommodityTotal YTD
1Oil $7,478,908,945
2Computer chips $6,944,457,601
3Motor vehicles for transporting people $6,148,357,229
4Computer parts $5,700,428,821
5Cell phones, related equipment $5,257,099,424
6Computers $3,358,847,443
7Exports returned, without change $1,928,842,192
8Machinery, parts for semiconductor manufacturing $1,840,378,059
9Gasoline, other fuels $1,549,364,761
10Electric storage batteries $1,419,220,786

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.

San Francisco’s top five exports by value through December were Machinery, parts for semiconductor manufacturing; Almonds, walnuts, pistachios, hazelnuts, etc.; Computer chips; Gasoline, other fuels; and Motor vehicles for transporting people, in that order. They accounted for 36.27 percent of total exports from San Francisco.

San Francisco’s top five imports by value through December were Oil; Computer chips; Motor vehicles for transporting people; Computer parts; and Cell phones, related equipment. They accounted for 40.28 percent of all inbound shipments.

Looking more closely at San Francisco’s exports:

  • Machinery, parts for semiconductor manufacturing rose 57.52 percent compared to last year to $7.97 billion.
  • Almonds, walnuts, pistachios, hazelnuts, etc. rose 2.05 percent compared to last year to $4.68 billion.
  • Computer chips fell 38.32 percent compared to last year to $2.83 billion.
  • Gasoline, other fuels rose 29.13 percent compared to last year to $2.29 billion.
  • Motor vehicles for transporting people rose 157.47 percent compared to last year to $2.14 billion.

On the import side:

  • Oil rose 47.79 percent compared to last year to $7.48 billion.
  • Computer chips rose 31.35 percent compared to last year to $6.94 billion.
  • Motor vehicles for transporting people fell 2.46 percent compared to last year to $6.15 billion.
  • Computer parts rose 67.73 percent compared to last year to $5.7 billion.
  • Cell phones, related equipment fell 5.31 percent compared to last year to $5.26 billion.

Last year the San Francisco customs district posted total trade with the world of $120.03 billion. The district’s deficit was $18.04 billion. At the end of the year, the custom’s districts top five trading partners were China, Japan, South Korea, Taiwan and Malaysia. Exports totaled $51 billion and imports came to $69.03 billion.

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