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Australia

Australia ranked No. 24 in total trade value through October with a total of $29.49 billion. Exports totaled $21.02 billion and Imports totaled $8.47 billion, a surplus of $12.56 billion.

January – October 2018

Top Trading Ports

Total Trade: $29.49 billion

RankPortTotal YTD
1Port of Long Beach $4,273,746,792
2Los Angeles International Airport $2,713,444,178
3Port of Savannah, Ga. $2,098,526,408
4Port of Philadelphia $2,078,138,330
5Chicago O’Hare International Airport $1,866,738,091
6Port of Charleston $1,322,472,236
7Port of Los Angeles $1,213,841,476
8Port of Baltimore, Md. $1,192,876,368
9Port of New Orleans $1,143,755,361
10Honolulu International Airport, Hawaii $1,007,234,005

U.S. trade with Australia rose to $29.49 billion through October

Australia’s trade with the United States rose to $29.49 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 2.12 percent above its total trade during the same time period last year. Australia’s exports increased 2.89 percent while imports rose 0.27 percent. The U.S. surplus with Australia was $12.56 billion.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Long Beach; No. 2 Los Angeles International Airport; No. 3 Port of Savannah, Ga.; No. 4 Port of Philadelphia; and No. 5 Chicago O’Hare International Airport. During the same period the previous year, the top five were No. 1 Port of Long Beach No. 2 Los Angeles International Airport No. 3 Port of Philadelphia No. 4 Honolulu International Airport, Hawaii and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 44.19 percent of Australia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Long Beach fell 1.09 percent to $4.27 billion.
    Exports fell 1.09 percent to $3.88 billion. Imports fell 1.12 percent to $393.65 million.
  • Trade with No. 2 Los Angeles International Airport fell 0.91 percent to $2.71 billion.
    Exports rose 2.6 percent to $1.6 billion. Imports fell 5.54 percent to $1.12 billion.
  • Trade with No. 3 Port of Savannah, Ga. rose 36.49 percent to $2.1 billion.
    Exports rose 39.5 percent to $1.88 billion. Imports rose 15.34 percent to $221.24 million.
  • Trade with No. 4 Port of Philadelphia fell 7.22 percent to $2.08 billion.
    Exports fell 21.71 percent to $692.27 million. Imports rose 2.24 percent to $1.39 billion.
  • Trade with No. 5 Chicago O’Hare International Airport rose 35.85 percent to $1.87 billion.
    Exports rose 23.09 percent to $1.26 billion. Imports rose 72.98 percent to $608.06 million.

Australia ranked No. 24 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 24.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 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 $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Australia by value through October were the categories of Motor vehicles for transporting people; Civilian aircraft, parts; Low value shipments; Medical instruments for surgeons, dentists, vets; and Cell phones, related equipment, respectively. They accounted for 23.06 percent of total exports to Australia.

The value of the top five categories of U.S. imports from Australia –– Frozen beef; Plasma, vaccines, blood; Sheep or goat meat, fresh, chilled or frozen; Value added to a returned import; and Beef, fresh or chilled –– accounted for 34.81 percent of all inbound shipments.

Looking more closely at U.S. exports to Australia:

  • Motor vehicles for transporting people fell 10.89 percent compared to last year to $1.33 billion.
  • Civilian aircraft, parts rose 31.7 percent compared to last year to $1.3 billion.
  • Low value shipments rose 4.63 percent compared to last year to $825.77 million.
  • Medical instruments for surgeons, dentists, vets rose 11.97 percent compared to last year to $794.43 million.
  • Cell phones, related equipment rose 15.16 percent compared to last year to $597.65 million.

Looking more closely at U.S. imports from Australia:

  • Frozen beef fell 0.82 percent compared to last year to $670.19 million.
  • Plasma, vaccines, blood rose 55.35 percent compared to last year to $669.52 million.
  • Sheep or goat meat, fresh, chilled or frozen rose 1.46 percent compared to last year to $592 million.
  • Value added to a returned import fell 17.91 percent compared to last year to $571.6 million.
  • Beef, fresh or chilled rose 0.61 percent compared to last year to $443.94 million.

In the latest annual figures available, Australia recorded $34.65 billion in trade with the United States. At year’s end, its were Los Angeles; Philadelphia; Atlanta/Savannah; Honolulu; and Chicago. Total U.S. exports to Australia were $ 24.6 billion and imports from Australia were $10.05 billion. The U.S. surplus with Australia was $14.55 billion.