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China

China ranked No. 3 in total trade value through August with a total of $371.9 billion. Exports totaled $70.16 billion and Imports totaled $301.74 billion, a deficit of $231.58 billion.

January – August 2019

Top Trading Ports

Total Trade: $371.9 billion

RankPortTotal YTD
1Port of Los Angeles $87,066,546,998
2Chicago O’Hare International Airport $40,775,284,993
3Port of Long Beach $25,937,864,027
4Port of Newark $21,772,234,959
5Los Angeles International Airport $20,411,623,004
6Port of Savannah, Ga. $17,622,790,307
7John F. Kennedy International Airport $11,727,946,503
8Port of Charleston $10,152,301,144
9Port of Tacoma, Wash. $9,921,594,807
10Port of Oakland, Calif. $9,121,774,437

U.S. trade with China rose to $371.9 billion through August

China’s trade with the United States rose to $371.9 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 12.84 percent below its total trade during the same time period last year. U.S. exports to China decreased 16.05 percent while U.S. imports from China fell 12.06 percent. The U.S. deficit with China was $231.58 billion.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Los Angeles; No. 2 Chicago O’Hare International Airport; No. 3 Port of Long Beach; No. 4 Port of Newark; and No. 5 Los Angeles International Airport. During the same period the previous year, the top five were No. 1 Port of Los Angeles No. 2 Chicago O’Hare International Airport No. 3 Port of Long Beach No. 4 Port of Newark and No. 5 Los Angeles International Airport. In the current time period, the top five accounted for 52.69 percent of China’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles fell 10.18 percent to $87.07 billion.
    Exports fell 15.47 percent to $4.7 billion. Imports fell 9.86 percent to $82.37 billion.
  • Trade with No. 2 Chicago O’Hare International Airport fell 0.5 percent to $40.78 billion.
    Exports fell 7.14 percent to $5.34 billion. Imports rose 0.59 percent to $35.44 billion.
  • Trade with No. 3 Port of Long Beach fell 27.12 percent to $25.94 billion.
    Exports fell 39.61 percent to $4.02 billion. Imports fell 24.26 percent to $21.92 billion.
  • Trade with No. 4 Port of Newark fell 7.54 percent to $21.77 billion.
    Exports fell 5.93 percent to $519.56 million. Imports fell 7.58 percent to $21.25 billion.
  • Trade with No. 5 Los Angeles International Airport rose 0.79 percent to $20.41 billion.
    Exports fell 7.19 percent to $5.59 billion. Imports rose 4.16 percent to $14.83 billion.

China ranked No. 3 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 1.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to China by value through August were the categories of Civilian aircraft, parts; Computer chips; Soybeans; Motor vehicles for transporting people; and Oil, respectively. They accounted for 34.66 percent of total exports to China.

The value of the top five categories of U.S. imports from China –– Cell phones, related equipment; Computers; TVs, computer monitors; Toys, children’s bicycles, games; and Furniture, parts –– accounted for 28.02 percent of all inbound shipments.

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

  • Civilian aircraft, parts fell 22.83 percent compared to last year to $7.53 billion.
  • Computer chips rose 45.68 percent compared to last year to $5.36 billion.
  • Soybeans rose 52.68 percent compared to last year to $4.54 billion.
  • Motor vehicles for transporting people fell 13.12 percent compared to last year to $4.49 billion.
  • Oil fell 54.11 percent compared to last year to $2.39 billion.

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

  • Cell phones, related equipment fell 21.03 percent compared to last year to $32.99 billion.
  • Computers fell 10.83 percent compared to last year to $30.02 billion.
  • TVs, computer monitors rose 17.13 percent compared to last year to $8.29 billion.
  • Toys, children’s bicycles, games rose 10.8 percent compared to last year to $6.83 billion.
  • Furniture, parts fell 21.26 percent compared to last year to $6.41 billion.

In the latest annual figures available, China recorded $635.97 billion in trade with the United States. At year’s end, its were Los Angeles; Chicago; New York City; New Orleans; and Atlanta/Savannah. Total U.S. exports to China were $ 130.37 billion and imports from China were $505.6 billion. The U.S. deficit with China was $375.23 billion.