Top Trading Partners
Total Trade: $171.24 billion
|1||New York City||$23,731,264,409|
January – December 2017
Top U.S. Trading Partners
Total U.S. trade: $3.89 trillion
Germany’s trade rose to $171.24 billion through December
Germany’s trade with the United States rose 4.68 percent, from $163.59 billion to $171.24 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 Germany increased 8.37 percent while imports from Germany rose 3.08 percent. The U.S. deficit with Germany was $64.25 billion.
Germany ranked No. 5 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 6. Germany’s top U.S. Customs districts for total imports and exports were No. 1 New York City, No. 2 Atlanta/Savannah, No. 3 Charleston, No. 4 Chicago and No. 5 Cleveland compared to the last year when the top spots were held by No. 1 New York City, No. 2 Atlanta/Savannah, No. 3 Charleston, No. 4 Chicago and No. 5 Los Angeles. In the current time period, the top five accounted for 45.31 percent of Germany’s U.S. trade. That compares to 45.36 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 New York City rose 11.31 percent to $23.73 billion.
Exports rose 12.34 percent to $9.15 billion. Imports rose 10.67 percent to $14.58 billion.
- Trade with No. 2 Atlanta/Savannah rose 1.48 percent to $15.86 billion.
Exports rose 8.49 percent to $5.41 billion. Imports fell 1.81 percent to $10.45 billion.
- Trade with No. 3 Charleston fell 0.8 percent to $14.43 billion.
Exports fell 5.98 percent to $4.01 billion. Imports rose 1.35 percent to $10.42 billion.
- Trade with No. 4 Chicago fell 0.32 percent to $12.35 billion.
Exports fell 2.21 percent to $4.09 billion. Imports rose 0.64 percent to $8.26 billion.
- Trade with No. 5 Cleveland 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.
Through December, 9 Customs districts posted trade surpluses with Germany while 37 had deficits. That compares with 8 surpluses and 38 deficits for the same period one year ago. The top surplus was with Norfolk/Mobile/Charleston at $389.87 million, the largest deficit was with Charleston at $6.41 billion.
Top Exports to Germany
Total YTD: $53.49 billion
|1||Civilian aircraft, parts||$6,857,742,050|
|2||Motor vehicles for transporting people||$6,073,489,195|
|3||Plasma, vaccines, blood||$1,986,408,632|
|4||Medical instruments for surgeons, dentists, vets||$1,643,621,767|
|5||Misc. medical chemical re-agents||$1,326,706,196|
|6||Low value shipments||$1,176,845,244|
|8||Motor vehicle parts||$859,834,745|
|9||Medical equipment for physicals||$848,290,688|
|10||Cell phones, related equipment||$784,667,270|
January – December 2017
Top Imports from Germany
Total YTD: $117.74 billion
|1||Motor vehicles for transporting people||$20,540,314,623|
|2||Medicines in individual dosages||$8,264,585,469|
|3||Motor vehicle parts||$4,625,196,663|
|4||Exports returned, without change||$4,033,647,448|
|5||Plasma, vaccines, blood||$3,204,568,097|
|6||Medical instruments for surgeons, dentists, vets||$2,700,414,550|
|8||Aircraft engines, engine parts||$1,940,576,508|
|9||Miscellaneous machines, parts||$1,663,387,111|
|10||Motor vehicle engines||$1,587,535,079|
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 countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $796.17 billion, up compared to the same period of last year when the deficit was $735.46 billion.
The top five U.S. exports to Germany, by value through December were the categories of Civilian aircraft, parts; Motor vehicles for transporting people; Plasma, vaccines, blood; Medical instruments for surgeons, dentists, vets; and Misc. medical chemical re-agents, respectively. They accounted for 33.44 percent of total exports to Germany.
The value of the top five categories of U.S. imports from Germany –– Motor vehicles for transporting people; Medicines in individual dosages; Motor vehicle parts; Exports returned, without change; and Plasma, vaccines, blood –– accounted for 34.54 percent of all inbound shipments.
Looking more closely at U.S. exports to Germany:
- Civilian aircraft, parts rose 18.2 percent compared to last year to $6.86 billion.
- Motor vehicles for transporting people fell 8.75 percent compared to last year to $6.07 billion.
- Plasma, vaccines, blood rose 29.34 percent compared to last year to $1.99 billion.
- Medical instruments for surgeons, dentists, vets fell 3.08 percent compared to last year to $1.64 billion.
- Misc. medical chemical re-agents rose 15.18 percent compared to last year to $1.33 billion.
Looking more closely at U.S. imports from Germany:
- Motor vehicles for transporting people fell 6.67 percent compared to last year to $20.54 billion.
- Medicines in individual dosages fell 15.95 percent compared to last year to $8.26 billion.
- Motor vehicle parts fell 7.94 percent compared to last year to $4.63 billion.
- Exports returned, without change rose 8.57 percent compared to last year to $4.03 billion.
- Plasma, vaccines, blood rose 22.44 percent compared to last year to $3.2 billion.
In the latest annual figures available, Germany recorded $163.59 billion in trade with the United States. At year’s end, its top five Customs districts were New York City; Atlanta/Savannah; Charleston; Chicago; and Los Angeles. Total U.S. exports to Germany were $ 49.36 billion and imports from Germany were $114.23 billion. The U.S. deficit with Germany was $64.87 billion.