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Israel

Israel ranked No. 22 in total trade value through February with a total of $5.54 billion. Exports totaled $2.19 billion and Imports totaled $3.35 billion, a deficit of $1.16 billion.

January – February 2019

Top Trading Ports

Total Trade: $5.54 billion

RankPortTotal YTD
1John F. Kennedy International Airport $2,298,536,390
2Port of Newark $818,219,691
3Los Angeles International Airport $368,103,858
4Port of New Orleans $348,152,283
5Port of Savannah, Ga. $227,263,861
6Port of Everett, Wash. $145,434,208
7San Francisco International Airport, Calif. $132,547,673
8Port of New York $109,568,593
9Cleveland’s Hopkins International Airport, Ohio $100,032,264
10Chicago O’Hare International Airport $96,907,335

U.S. trade with Israel rose to $5.54 billion through February

Israel’s trade with the United States rose to $5.54 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.86 percent below its total trade during the same time period last year. Israel’s exports decreased 4.58 percent while imports rose 1.74 percent. The U.S. deficit with Israel was $1.16 billion.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Newark; No. 3 Los Angeles International Airport; No. 4 Port of New Orleans; and No. 5 Port of Savannah, Ga.. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Port of Newark No. 3 Port of New Orleans No. 4 Los Angeles International Airport and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 73.26 percent of Israel’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 3.07 percent to $2.3 billion.
    Exports fell 16.53 percent to $934.4 million. Imports rose 8.97 percent to $1.36 billion.
  • Trade with No. 2 Port of Newark fell 10.6 percent to $818.22 million.
    Exports rose 5.31 percent to $204.28 million. Imports fell 14.88 percent to $613.94 million.
  • Trade with No. 3 Los Angeles International Airport rose 29.66 percent to $368.1 million.
    Exports rose 22.42 percent to $129.8 million. Imports rose 33.98 percent to $238.3 million.
  • Trade with No. 4 Port of New Orleans fell 12.24 percent to $348.15 million.
    Exports rose 7.81 percent to $90.31 million. Imports fell 17.61 percent to $257.84 million.
  • Trade with No. 5 Port of Savannah, Ga. fell 2.84 percent to $227.26 million.
    Exports fell 22.48 percent to $58.29 million. Imports rose 6.47 percent to $168.97 million.

Israel ranked No. 22 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 23.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Israel by value through February were the categories of Diamonds, not mounted; Civilian aircraft, parts; Machinery, parts for semiconductor manufacturing; Bombs, grenades, cartridges, parts; and Almonds, walnuts, pistachios, hazelnuts, etc., respectively. They accounted for 51.16 percent of total exports to Israel.

The value of the top five categories of U.S. imports from Israel –– Diamonds, not mounted; Medicines in individual dosages; Value added to a returned import; Medical instruments for surgeons, dentists, vets; and Defense-related aircraft, parts –– accounted for 59 percent of all inbound shipments.

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

  • Diamonds, not mounted fell 10.75 percent compared to last year to $756.95 million.
  • Civilian aircraft, parts fell 17.66 percent compared to last year to $232.29 million.
  • Machinery, parts for semiconductor manufacturing fell 0.32 percent compared to last year to $51.26 million.
  • Bombs, grenades, cartridges, parts rose 160.43 percent compared to last year to $45.25 million.
  • Almonds, walnuts, pistachios, hazelnuts, etc. rose 56.6 percent compared to last year to $35.95 million.

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

  • Diamonds, not mounted rose 6.67 percent compared to last year to $1.19 billion.
  • Medicines in individual dosages fell 14.48 percent compared to last year to $367.15 million.
  • Value added to a returned import fell 9.09 percent compared to last year to $198.41 million.
  • Medical instruments for surgeons, dentists, vets rose 15.36 percent compared to last year to $156.52 million.
  • Defense-related aircraft, parts fell 9.46 percent compared to last year to $63.24 million.

In the latest annual figures available, Israel recorded $34.49 billion in trade with the United States. At year’s end, its were New York City; Philadelphia; Los Angeles; New Orleans; and Atlanta/Savannah. Total U.S. exports to Israel were $ 12.54 billion and imports from Israel were $21.95 billion. The U.S. deficit with Israel was $9.4 billion.