Australia

Australia ranked No. 21 in total trade value through May with a total of $15.93 billion. Exports totaled $9.42 billion and Imports totaled $6.51 billion, a surplus of $2.91 billion.

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U.S. trade with Australia rose to $12.59 billion through May

Australia’s trade with the United States rose to $12.59 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.49 percent above its total trade during the same time period last year. U.S. exports to Australia decreased 3.27 percent while U.S. imports from Australia rose 41.84 percent. The U.S. surplus with Australia was $2.73 billion.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Long Beach; No. 3 Los Angeles International Airport; No. 4 Chicago O’Hare International Airport; and No. 5 Port of Philadelphia. 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 Port of Savannah, Ga. and No. 5 Chicago O’Hare International Airport. In the current time period, the top five accounted for 53.67 percent of Australia’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 378.85 percent to $2.32 billion.
    Exports rose 6.09 percent to $380.77 million. Imports rose 1440.02 percent to $1.94 billion.
  • Trade with No. 2 Port of Long Beach fell 3.4 percent to $2.04 billion.
    Exports fell 3.69 percent to $1.83 billion. Imports fell 0.81 percent to $209.14 million.
  • Trade with No. 3 Los Angeles International Airport rose 36.4 percent to $1.81 billion.
    Exports fell 2.46 percent to $759.37 million. Imports rose 91.32 percent to $1.05 billion.
  • Trade with No. 4 Chicago O’Hare International Airport rose 29.61 percent to $1.32 billion.
    Exports rose 36.2 percent to $808.73 million. Imports rose 20.48 percent to $515.69 million.
  • Trade with No. 5 Port of Philadelphia fell 9.68 percent to $1.05 billion.
    Exports fell 27.35 percent to $285.35 million. Imports fell 0.65 percent to $763.08 million.

Australia ranked No. 21 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 21.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Australia by value through May were the categories of Plasma, vaccines, blood; Low value shipments; Medical instruments; Passenger vehicles; and Oil, respectively. They accounted for 20.41 percent of total exports to Australia.

The value of the top five categories of U.S. imports from Australia –– Gold; Plasma, vaccines, blood; Frozen beef; Sheep or goat meat, fresh, chilled or frozen; and Returned exports, without change –– accounted for 56.62 percent of all inbound shipments.

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

  • Plasma, vaccines, blood rose 34.31 percent compared to last year to $482.03 million.
  • Low value shipments fell 5.29 percent compared to last year to $381.79 million.
  • Medical instruments rose 5.46 percent compared to last year to $367.99 million.
  • Passenger vehicles fell 47.33 percent compared to last year to $352.17 million.
  • Oil rose 203.13 percent compared to last year to $338.33 million.

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

  • Gold rose 99380 percent compared to last year to $2.16 billion.
  • Plasma, vaccines, blood rose 23.91 percent compared to last year to $489.34 million.
  • Frozen beef rose 14.61 percent compared to last year to $382.84 million.
  • Sheep or goat meat, fresh, chilled or frozen fell 5.33 percent compared to last year to $361.98 million.
  • Returned exports, without change fell 3.18 percent compared to last year to $294.46 million.

In the latest annual figures available, Australia recorded $36.88 billion in trade with the United States. Total U.S. exports to Australia were $ 26.03 billion and imports from Australia were $10.85 billion. The U.S. surplus with Australia was $15.17 billion.