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Germany

Germany ranked No. 5 in total trade value through October with a total of $153.12 billion. Exports totaled $48.31 billion and Imports totaled $104.8 billion, a deficit of $56.49 billion.

January – October 2018

Top Trading Ports

Total Trade: $153.12 billion

RankPortTotal YTD
1Port of Charleston $12,445,568,320
2Port of Newark $11,676,295,224
3John F. Kennedy International Airport $10,621,777,575
4Chicago O’Hare International Airport $10,588,097,735
5Port of New Orleans $8,639,465,909
6Hartsfield-Jackson Atlanta International Airport $7,421,888,396
7Port of Virginia $7,260,625,727
8Port of Houston $6,064,069,495
9Port of Baltimore, Md. $5,550,579,340
10Cleveland’s Hopkins International Airport, Ohio $5,210,543,106

U.S. trade with Germany rose to $153.12 billion through October

Germany’s trade with the United States rose to $153.12 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 8.57 percent above its total trade during the same time period last year. Germany’s exports increased 9.47 percent while imports rose 8.16 percent. The U.S. deficit with Germany was $56.49 billion.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Charleston; No. 2 Port of Newark; No. 3 John F. Kennedy International Airport; No. 4 Chicago O’Hare International Airport; and No. 5 Port of New Orleans. During the same period the previous year, the top five were No. 1 Port of Charleston No. 2 Port of Newark No. 3 John F. Kennedy International Airport No. 4 Chicago O’Hare International Airport and No. 5 Port of New Orleans. In the current time period, the top five accounted for 35.25 percent of Germany’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Charleston fell 8.1 percent to $12.45 billion.
    Exports fell 1.11 percent to $3.22 billion. Imports fell 10.31 percent to $9.22 billion.
  • Trade with No. 2 Port of Newark rose 6.97 percent to $11.68 billion.
    Exports fell 3.51 percent to $798.33 million. Imports rose 7.83 percent to $10.88 billion.
  • Trade with No. 3 John F. Kennedy International Airport rose 14.76 percent to $10.62 billion.
    Exports rose 6.62 percent to $5.15 billion. Imports rose 23.63 percent to $5.48 billion.
  • Trade with No. 4 Chicago O’Hare International Airport rose 20.02 percent to $10.59 billion.
    Exports rose 6.07 percent to $3.56 billion. Imports rose 28.58 percent to $7.03 billion.
  • Trade with No. 5 Port of New Orleans rose 14.11 percent to $8.64 billion.
    Exports rose 15.09 percent to $3.76 billion. Imports rose 13.37 percent to $4.88 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.

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 Germany by value through October 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 33.32 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; Plasma, vaccines, blood; Motor vehicle parts; and Value added to a returned import –– accounted for 33.42 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 19.5 percent compared to last year to $6.76 billion.
  • Motor vehicles for transporting people rose 0.01 percent compared to last year to $5.01 billion.
  • Plasma, vaccines, blood rose 11.12 percent compared to last year to $1.78 billion.
  • Medical instruments for surgeons, dentists, vets rose 6.99 percent compared to last year to $1.45 billion.
  • Misc. medical chemical re-agents fell 0.78 percent compared to last year to $1.1 billion.

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

  • Motor vehicles for transporting people fell 8.72 percent compared to last year to $15.08 billion.
  • Medicines in individual dosages rose 3.04 percent compared to last year to $7.19 billion.
  • Plasma, vaccines, blood rose 81.51 percent compared to last year to $5.18 billion.
  • Motor vehicle parts fell 0.96 percent compared to last year to $3.84 billion.
  • Value added to a returned import rose 10.4 percent compared to last year to $3.74 billion.

In the latest annual figures available, Germany recorded $171.24 billion in trade with the United States. At year’s end, its were New York City; Atlanta/Savannah; Charleston; Chicago; and Cleveland. Total U.S. exports to Germany were $ 53.49 billion and imports from Germany were $117.74 billion. The U.S. deficit with Germany was $64.25 billion.