Top Trading Partners
Total Trade: $94.01 billion
|3||New York City||$8,474,249,444|
January – February 2017
Top U.S. Trading Partners
Total U.S. trade: $592.18 billion
China’s trade rose to $94.01 billion through February
China’s trade with the United States rose 4.96 percent, from $89.57 billion to $94.01 billion when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. U.S. exports to China increased 22.19 percent while imports from China rose 1.14 percent. The U.S. deficit with China was $54.27 billion.
China ranked No. 1 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 1. China’s top U.S. Customs districts for total imports and exports were No. 1 Los Angeles, No. 2 Chicago, No. 3 New York City, No. 4 New Orleans and No. 5 Atlanta/Savannah compared to the last year when the top spots were held by No. 1 Los Angeles, No. 2 Chicago, No. 3 New York City, No. 4 New Orleans and No. 5 Atlanta/Savannah. In the current time period, the top five accounted for 58.33 percent of China’s U.S. trade. That compares to 60.45 percent for the nation’s top five Customs districts during the same time period in the previous year.
Taking a closer look:
- Trade with No.1 Los Angeles fell 4.64 percent to $24.17 billion.
Exports rose 20.49 percent to $3.89 billion. Imports fell 8.31 percent to $20.28 billion.
- Trade with No.2 Chicago rose 10.62 percent to $10.29 billion.
Exports rose 10.24 percent to $1.09 billion. Imports rose 10.66 percent to $9.21 billion.
- Trade with No.3 New York City rose 2.92 percent to $8.47 billion.
Exports rose 4.28 percent to $1.4 billion. Imports rose 2.66 percent to $7.07 billion.
- Trade with No.4 New Orleans rose 5.43 percent to $6.48 billion.
Exports rose 44.67 percent to $2.2 billion. Imports fell 7.5 percent to $4.28 billion.
- Trade with No.5 Atlanta/Savannah rose 6.05 percent to $5.41 billion.
Exports fell 16.35 percent to $1.01 billion. Imports rose 13 percent to $4.4 billion.
Through February, 9 Customs districts posted trade surpluses with China while 37 had deficits. That compares with 11 surpluses and 34 deficits for the same period one year ago. The top surplus was with Portland/Columbia-Snake River at $888.82 million, the largest deficit was with Los Angeles at $16.39 billion.
Top Exports to China
Total YTD: $19.87 billion
|2||Motor vehicles for transporting people||$1,502,827,705|
|3||Civilian aircraft and parts||$1,475,286,103|
|6||Machinery, parts for semiconductor manufacturing||$421,294,879|
|7||Petroleum gases, other gaseous hydrocarbons||$399,233,052|
|8||Motor vehicle parts||$354,073,397|
|9||Paper, paperboard scrap||$336,928,177|
|10||Medical instruments for surgeons, dentists, vets||$326,594,562|
January – February 2017
Top Imports from China
Total YTD: $74.14 billion
|1||Landline, cellular phone equipment||$9,162,658,478|
|5||Seats, excluding barber, dental||$1,782,774,439|
|6||Toys, scale models, puzzles||$1,570,141,455|
|7||Motor vehicle parts||$1,519,952,480|
|8||TVs, computer monitors||$1,239,832,604|
|9||Lamp and lighting parts||$1,118,860,659|
|10||Travel goods, including handbags, wallets, jewelry||$1,060,272,140|
Meanwhile, total U.S. trade with the world increased to $592.18 billion, up 6.44 percent compared to the same period last year. The nation’s exports climbed 6.68 percent to $237.05 billion; imports climbed 6.28 percent to $355.13 billion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $118.08 billion, up compared to the same period of last year when the deficit was $111.94 billion.
The top five U.S. exports to China, by value through, February were the categories of Soybeans; Motor vehicles for transporting people; Civilian aircraft and parts; Computer chips; and Oil, respectively. They accounted for 37.03 percent of total exports to China.
The value of the top five categories of U.S. imports from China –– Landline, cellular phone equipment; Computers; Computer parts; Furniture, parts; and Seats, excluding barber, dental –– accounted for 28.28 percent of all inbound shipments.
Looking more closely at U.S. exports to China:
- Soybeans rose 18.72 percent compared to last year to $2.93 billion.
- Motor vehicles for transporting people rose 35.72 percent compared to last year to $1.5 billion.
- Civilian aircraft and parts rose 35.76 percent compared to last year to $1.48 billion.
- Computer chips rose 32.39 percent compared to last year to $836.48 million.
- Oil rose 2 percent compared to last year to $612.42 million.
Looking more closely at U.S. imports from China:
- Landline, cellular phone equipment rose 22.54 percent compared to last year to $9.16 billion.
- Computers fell 2.87 percent compared to last year to $6.25 billion.
- Computer parts rose 12.94 percent compared to last year to $1.89 billion.
- Furniture, parts rose 5.85 percent compared to last year to $1.89 billion.
- Seats, excluding barber, dental fell 4.07 percent compared to last year to $1.78 billion.
In the latest annual figures available, China recorded $578.59 billion in trade with the United States. At year’s end, its top five Customs districts were Los Angeles; Chicago; New York City; New Orleans; and Atlanta/Savannah. Total U.S. exports to China were $ 115.78 billion and imports from China were $462.81 billion. The U.S. deficit with China was $347.04 billion.