Top Trading Partners
Total Trade: $578.59 billion
|3||New York City||$49,424,939,762|
January – December 2016
Top U.S. Trading Partners
Total U.S. trade: $3.64 trillion
China’s trade fell to $578.59 billion through December
China’s trade with the United States fell 3.26 percent, from $598.07 billion to $578.59 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 decreased 0.35 percent while imports from China fell 3.96 percent. The U.S. deficit with China was $347.04 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 59.71 percent of China’s U.S. trade. That compares to 59.58 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 rose 0.09 percent to $159.12 billion.
Exports rose 0.21 percent to $22.55 billion. Imports rose 0.07 percent to $136.57 billion.
- Trade with No.2 Chicago fell 1.78 percent to $65.65 billion.
Exports rose 1.47 percent to $7.03 billion. Imports fell 2.15 percent to $58.62 billion.
- Trade with No.3 New York City fell 12.03 percent to $49.42 billion.
Exports fell 14.8 percent to $8.61 billion. Imports fell 11.43 percent to $40.82 billion.
- Trade with No.4 New Orleans fell 1.36 percent to $39.74 billion.
Exports rose 17.8 percent to $10.44 billion. Imports fell 6.77 percent to $29.29 billion.
- Trade with No.5 Atlanta/Savannah fell 7.25 percent to $31.56 billion.
Exports fell 6.49 percent to $6.62 billion. Imports fell 7.45 percent to $24.95 billion.
Through December, 10 Customs districts posted trade surpluses with China while 36 had deficits. That compares with 10 surpluses and 36 deficits for the same period one year ago. The top surplus was with Honolulu at $6.12 billion, the largest deficit was with Los Angeles at $114.02 billion.
Top Exports to China
Total YTD: $115.78 billion
|1||Civilian aircraft and parts||$14,576,277,517|
|3||Motor vehicles for transporting people||$8,862,548,013|
|5||Landline, cellular phone equipment||$2,323,651,231|
|6||Medical instruments for surgeons, dentists, vets||$2,239,087,781|
|7||Machinery, parts for semiconductor manufacturing||$2,099,257,509|
|8||Motor vehicle parts||$1,924,687,417|
|9||Paper, paperboard scrap||$1,906,738,579|
|10||Medical equipment for physicals||$1,404,319,211|
January – December 2016
Top Imports from China
Total YTD: $462.81 billion
|1||Landline, cellular phone equipment||$60,192,462,350|
|3||Toys, scale models, puzzles||$12,005,524,025|
|6||TVs, computer monitors||$10,028,222,580|
|7||Seats, excluding barber, dental||$9,370,827,648|
|8||Motor vehicle parts||$9,091,659,991|
|9||Lamp and lighting parts||$6,769,590,247|
|10||Printers, all types, parts||$6,749,881,020|
Meanwhile, total U.S. trade with the world increased to $3.64 trillion, down 2.76 percent compared to the same period last year. The nation’s exports dropped 3.38 percent to $1.45 trillion; imports dropped 2.34 percent to $2.19 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $735.46 billion, down compared to the same period of last year when the deficit was $737.07 billion.
The top five U.S. exports to China, by value through, December were the categories of Civilian aircraft and parts; Soybeans; Motor vehicles for transporting people; Computer chips; and Landline, cellular phone equipment, respectively. They accounted for 38.98 percent of total exports to China.
The value of the top five categories of U.S. imports from China –– Landline, cellular phone equipment; Computers; Toys, scale models, puzzles; Computer parts; and Furniture, parts –– accounted for 30.15 percent of all inbound shipments.
Looking more closely at U.S. exports to China:
- Civilian aircraft and parts fell 5.59 percent compared to last year to $14.58 billion.
- Soybeans rose 34.9 percent compared to last year to $14.2 billion.
- Motor vehicles for transporting people fell 3.07 percent compared to last year to $8.86 billion.
- Computer chips rose 3.2 percent compared to last year to $5.17 billion.
- Landline, cellular phone equipment fell 3.29 percent compared to last year to $2.32 billion.
Looking more closely at U.S. imports from China:
- Landline, cellular phone equipment fell 2.61 percent compared to last year to $60.19 billion.
- Computers fell 8.23 percent compared to last year to $46.66 billion.
- Toys, scale models, puzzles rose 4.05 percent compared to last year to $12.01 billion.
- Computer parts fell 4.93 percent compared to last year to $10.52 billion.
- Furniture, parts rose 6.41 percent compared to last year to $10.14 billion.
In the latest annual figures available, China recorded $598.07 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 $ 116.19 billion and imports from China were $481.88 billion. The U.S. deficit with China was $365.69 billion.