San Francisco Top Trading Partners
Total trade: $133.16 billion
January – December 2017
Top U.S. Trading Partners
Total U.S. trade: $3.89 trillion
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.
Top Exports from San Francisco
Total Exports: $54.88 billion
|1||Machinery, parts for semiconductor manufacturing||$7,968,611,927|
|2||Almonds, walnuts, pistachios, hazelnuts, etc.||$4,680,474,975|
|4||Gasoline, other fuels||$2,291,491,100|
|5||Motor vehicles for transporting people||$2,135,194,449|
|6||Cell phones, related equipment||$1,934,583,809|
|8||Beef, fresh or chilled||$1,551,574,905|
|10||Pork meat, fresh, frozen or chilled||$1,270,249,416|
January – December 2017
Top Imports to San Francisco
Total Imports: $78.28 billion
|3||Motor vehicles for transporting people||$6,148,357,229|
|5||Cell phones, related equipment||$5,257,099,424|
|7||Exports returned, without change||$1,928,842,192|
|8||Machinery, parts for semiconductor manufacturing||$1,840,378,059|
|9||Gasoline, other fuels||$1,549,364,761|
|10||Electric 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.