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Israel

Israel ranked No. 23 in total trade value through October with a total of $29.6 billion. Exports totaled $11.33 billion and Imports totaled $18.28 billion, a deficit of $6.95 billion.

January – October 2018

Top Trading Ports

Total Trade: $29.6 billion

RankPortTotal YTD
1John F. Kennedy International Airport $11,739,012,954
2Port of Newark $4,330,015,587
3Port of New Orleans $2,064,955,852
4Los Angeles International Airport $2,044,455,317
5Port of Savannah, Ga. $1,190,352,284
6Houlton Border Crossing, Maine $1,096,274,389
7Port of Everett, Wash. $859,018,766
8Dallas-Fort Worth International Airport, Texas $588,751,152
9Port of New York $568,988,192
10San Francisco International Airport, Calif. $553,435,956

U.S. trade with Israel rose to $29.6 billion through October

Israel’s trade with the United States rose to $29.6 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.38 percent above its total trade during the same time period last year. Israel’s exports increased 10.16 percent while imports fell 0.41 percent. The U.S. deficit with Israel was $6.95 billion.

Through October, 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 Port of New Orleans; No. 4 Los Angeles International Airport; 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 Los Angeles International Airport No. 4 Port of New Orleans and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 72.18 percent of Israel’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 4.63 percent to $11.74 billion.
    Exports rose 9.83 percent to $4.96 billion. Imports fell 12.99 percent to $6.78 billion.
  • Trade with No. 2 Port of Newark rose 1.55 percent to $4.33 billion.
    Exports rose 4.78 percent to $977.26 million. Imports rose 0.65 percent to $3.35 billion.
  • Trade with No. 3 Port of New Orleans rose 3.09 percent to $2.06 billion.
    Exports rose 32.85 percent to $550.75 million. Imports fell 4.68 percent to $1.51 billion.
  • Trade with No. 4 Los Angeles International Airport fell 7.36 percent to $2.04 billion.
    Exports fell 24.02 percent to $846.34 million. Imports rose 9.62 percent to $1.2 billion.
  • Trade with No. 5 Port of Savannah, Ga. rose 4.5 percent to $1.19 billion.
    Exports rose 0.93 percent to $409.4 million. Imports rose 6.47 percent to $780.95 million.

Israel ranked No. 23 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 25.

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 Israel by value through October were the categories of Diamonds, not mounted; Civilian aircraft, parts; Machinery, parts for semiconductor manufacturing; Cell phones, related equipment; and Defense-related aircraft, parts, respectively. They accounted for 53.09 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 Cell phones, related equipment –– accounted for 62.32 percent of all inbound shipments.

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

  • Diamonds, not mounted fell 0.83 percent compared to last year to $3.88 billion.
  • Civilian aircraft, parts rose 79.36 percent compared to last year to $1.37 billion.
  • Machinery, parts for semiconductor manufacturing rose 17.91 percent compared to last year to $377.63 million.
  • Cell phones, related equipment rose 69.96 percent compared to last year to $191.77 million.
  • Defense-related aircraft, parts fell 2.43 percent compared to last year to $191.25 million.

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

  • Diamonds, not mounted rose 8.14 percent compared to last year to $6.42 billion.
  • Medicines in individual dosages fell 21.7 percent compared to last year to $2.74 billion.
  • Value added to a returned import fell 1.24 percent compared to last year to $1.16 billion.
  • Medical instruments for surgeons, dentists, vets rose 26.63 percent compared to last year to $735.86 million.
  • Cell phones, related equipment rose 6.54 percent compared to last year to $333.94 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.