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Italy

Italy ranked No. 11 in total trade value through August with a total of $54.23 billion. Exports totaled $15.75 billion and Imports totaled $38.48 billion, a deficit of $22.72 billion.

January – August 2019

Top Trading Ports

Total Trade: $54.23 billion

RankPortTotal YTD
1Port of Newark $8,435,315,022
2John F. Kennedy International Airport $5,835,631,268
3Port of Houston $3,530,489,663
4Chicago O’Hare International Airport $3,097,969,276
5Port of Virginia $2,506,365,935
6Philadelphia International Airport $2,363,815,332
7Port of Savannah, Ga. $2,359,054,823
8Port of Baltimore, Md. $1,666,611,870
9Port of Charleston $1,654,699,077
10Miami International Airport $1,467,350,602

U.S. trade with Italy rose to $54.23 billion through August

Italy’s trade with the United States rose to $54.23 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.36 percent above its total trade during the same time period last year. U.S. exports to Italy increased 1.78 percent while U.S. imports from Italy rose 5.45 percent. The U.S. deficit with Italy was $22.72 billion.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 John F. Kennedy International Airport; No. 3 Port of Houston; No. 4 Chicago O’Hare International Airport; and No. 5 Port of Virginia. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 John F. Kennedy International Airport No. 3 Port of Houston No. 4 Chicago O’Hare International Airport and No. 5 Port of Virginia. In the current time period, the top five accounted for 43.16 percent of Italy’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 2.14 percent to $8.44 billion.
    Exports rose 34.7 percent to $435.8 million. Imports fell 3.58 percent to $8 billion.
  • Trade with No. 2 John F. Kennedy International Airport rose 10.78 percent to $5.84 billion.
    Exports rose 15.68 percent to $1.94 billion. Imports rose 8.5 percent to $3.9 billion.
  • Trade with No. 3 Port of Houston rose 2.24 percent to $3.53 billion.
    Exports rose 17.74 percent to $1.26 billion. Imports fell 4.71 percent to $2.27 billion.
  • Trade with No. 4 Chicago O’Hare International Airport rose 4.76 percent to $3.1 billion.
    Exports fell 1.29 percent to $1.29 billion. Imports rose 9.54 percent to $1.81 billion.
  • Trade with No. 5 Port of Virginia rose 10.64 percent to $2.51 billion.
    Exports fell 18.41 percent to $299.56 million. Imports rose 16.26 percent to $2.21 billion.

Italy ranked No. 11 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 10.

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 Italy by value through August were the categories of Oil; Plasma, vaccines, blood; Insulin, hormones and steroids; Medicines in individual dosages; and Civilian aircraft, parts, respectively. They accounted for 36.12 percent of total exports to Italy.

The value of the top five categories of U.S. imports from Italy –– Medicines in individual dosages; Motor vehicles for transporting people; Wine; Defense-related aircraft, parts; and Gasoline, other fuels –– accounted for 26.5 percent of all inbound shipments.

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

  • Oil fell 27.52 percent compared to last year to $1.66 billion.
  • Plasma, vaccines, blood fell 2.15 percent compared to last year to $1.6 billion.
  • Insulin, hormones and steroids rose 133.6 percent compared to last year to $921.6 million.
  • Medicines in individual dosages rose 83.01 percent compared to last year to $826.65 million.
  • Civilian aircraft, parts fell 25.25 percent compared to last year to $683.58 million.

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

  • Medicines in individual dosages rose 63.09 percent compared to last year to $4.59 billion.
  • Motor vehicles for transporting people fell 28.32 percent compared to last year to $2.2 billion.
  • Wine fell 3.3 percent compared to last year to $1.28 billion.
  • Defense-related aircraft, parts fell 8.22 percent compared to last year to $1.2 billion.
  • Gasoline, other fuels rose 32.03 percent compared to last year to $918.77 million.

In the latest annual figures available, Italy recorded $68.29 billion in trade with the United States. At year’s end, its were New York City; Houston; Atlanta/Savannah; Chicago; and Los Angeles. Total U.S. exports to Italy were $ 18.32 billion and imports from Italy were $49.96 billion. The U.S. deficit with Italy was $31.64 billion.