Top Trading Partners
Total Trade: $204.24 billion
|3||New York City||$17,434,303,193|
January – December 2017
Top U.S. Trading Partners
Total U.S. trade: $3.89 trillion
Japan’s trade rose to $204.24 billion through December
Japan’s trade with the United States rose 4.49 percent, from $195.47 billion to $204.24 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 Japan increased 7 percent while imports from Japan rose 3.28 percent. The U.S. deficit with Japan was $68.85 billion.
Japan ranked No. 4 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 5. Japan’s top U.S. Customs districts for total imports and exports were No. 1 Los Angeles, No. 2 San Francisco, No. 3 New York City, No. 4 Chicago and No. 5 Seattle compared to the last year when the top spots were held by No. 1 Los Angeles, No. 2 San Francisco, No. 3 Chicago, No. 4 New York City and No. 5 Seattle. In the current time period, the top five accounted for 53.27 percent of Japan’s U.S. trade. That compares to 53.66 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 6.33 percent to $40.23 billion.
Exports rose 5.62 percent to $15.07 billion. Imports rose 6.76 percent to $25.16 billion.
- Trade with No. 2 San Francisco 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 New York City rose 3.55 percent to $17.43 billion.
Exports fell 5.23 percent to $5.01 billion. Imports rose 7.56 percent to $12.43 billion.
- Trade with No. 4 Chicago rose 0.75 percent to $17.07 billion.
Exports fell 4.25 percent to $4.45 billion. Imports rose 2.64 percent to $12.62 billion.
- Trade with No. 5 Seattle fell 10.3 percent to $14.04 billion.
Exports fell 20.72 percent to $5.25 billion. Imports fell 2.66 percent to $8.79 billion.
Through December, 11 Customs districts posted trade surpluses with Japan while 35 had deficits. That compares with 10 surpluses and 36 deficits for the same period one year ago. The top surplus was with Anchorage at $3.55 billion, the largest deficit was with Cleveland at $11.14 billion.
Top Exports to Japan
Total YTD: $67.7 billion
|1||Civilian aircraft, parts||$5,752,440,870|
|2||Petroleum gases, other gaseous hydrocarbons||$3,362,061,446|
|3||Medical instruments for surgeons, dentists, vets||$2,472,967,362|
|4||Machinery, parts for semiconductor manufacturing||$2,225,091,690|
|6||Medicines in individual dosages||$1,816,849,285|
|7||Pork meat, fresh, frozen or chilled||$1,534,968,717|
|8||Plasma, vaccines, blood||$1,501,235,174|
|9||Ethers, ether-alcohols, alcohol peroxides etc.||$1,198,059,894|
|10||Beef, fresh or chilled||$1,102,285,588|
January – December 2017
Top Imports from Japan
Total YTD: $136.54 billion
|1||Motor vehicles for transporting people||$39,870,299,735|
|2||Motor vehicle parts||$8,204,113,464|
|4||Printers, all types, parts||$3,124,360,929|
|5||Self-propelled heavy construction machinery||$2,973,395,799|
|6||Machinery, parts for semiconductor manufacturing||$2,764,917,265|
|7||Aircraft engines, engine parts||$2,139,425,699|
|8||Exports returned, without change||$2,101,313,623|
|9||Electric storage batteries||$1,999,821,299|
|10||Motor vehicle engines||$1,974,956,992|
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 Japan, by value through December were the categories of Civilian aircraft, parts; Petroleum gases, other gaseous hydrocarbons; Medical instruments for surgeons, dentists, vets; Machinery, parts for semiconductor manufacturing; and Corn, respectively. They accounted for 23.59 percent of total exports to Japan.
The value of the top five categories of U.S. imports from Japan –– Motor vehicles for transporting people; Motor vehicle parts; Aircraft parts; Printers, all types, parts; and Self-propelled heavy construction machinery –– accounted for 42.61 percent of all inbound shipments.
Looking more closely at U.S. exports to Japan:
- Civilian aircraft, parts fell 16.38 percent compared to last year to $5.75 billion.
- Petroleum gases, other gaseous hydrocarbons rose 131.67 percent compared to last year to $3.36 billion.
- Medical instruments for surgeons, dentists, vets fell 2.45 percent compared to last year to $2.47 billion.
- Machinery, parts for semiconductor manufacturing rose 79.18 percent compared to last year to $2.23 billion.
- Corn rose 2.36 percent compared to last year to $2.16 billion.
Looking more closely at U.S. imports from Japan:
- Motor vehicles for transporting people rose 1.54 percent compared to last year to $39.87 billion.
- Motor vehicle parts rose 5.32 percent compared to last year to $8.2 billion.
- Aircraft parts fell 10.83 percent compared to last year to $4.01 billion.
- Printers, all types, parts fell 1.49 percent compared to last year to $3.12 billion.
- Self-propelled heavy construction machinery rose 2.55 percent compared to last year to $2.97 billion.
In the latest annual figures available, Japan recorded $195.47 billion in trade with the United States. At year’s end, its top five Customs districts were Los Angeles; San Francisco; Chicago; New York City; and Seattle. Total U.S. exports to Japan were $ 63.26 billion and imports from Japan were $132.2 billion. The U.S. deficit with Japan was $68.94 billion.