Italy

Italy ranked No. 11 in total trade value through November with a total of $74.5 billion. Exports totaled $22.09 billion and Imports totaled $52.41 billion, a deficit of $30.32 billion.

January – November 2019

Top Trading Ports

Total Trade: $74.5 billion

RankPortTotal YTD
1Port of Newark $11,555,853,318
2John F. Kennedy International Airport $8,129,308,974
3Chicago O’Hare International Airport $4,751,504,960
4Port of Houston $4,597,952,504
5Port of Virginia $3,259,567,063
6Philadelphia International Airport $3,090,016,858
7Port of Savannah, Ga. $3,035,862,155
8Port of Charleston $2,281,873,235
9Port of Baltimore, Md. $2,202,838,651
10Miami International Airport $2,048,638,919

U.S. trade with Italy rose to $74.5 billion through November

Italy’s trade with the United States rose to $74.5 billion through the first 11 months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.75 percent above its total trade during the same time period last year. U.S. exports to Italy increased 3.55 percent while U.S. imports from Italy rose 5.27 percent. The U.S. deficit with Italy was $30.32 billion.

Through November, 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 Chicago O’Hare International Airport; No. 4 Port of Houston; 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 43.35 percent of Italy’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 2.05 percent to $11.56 billion.
    Exports rose 73.45 percent to $704.11 million. Imports fell 4.74 percent to $10.85 billion.
  • Trade with No. 2 John F. Kennedy International Airport rose 9.16 percent to $8.13 billion.
    Exports rose 3.79 percent to $2.5 billion. Imports rose 11.71 percent to $5.63 billion.
  • Trade with No. 3 Chicago O’Hare International Airport rose 21.09 percent to $4.75 billion.
    Exports rose 4.26 percent to $1.79 billion. Imports rose 34.19 percent to $2.96 billion.
  • Trade with No. 4 Port of Houston fell 1.09 percent to $4.6 billion.
    Exports rose 10.03 percent to $1.58 billion. Imports fell 6.06 percent to $3.02 billion.
  • Trade with No. 5 Port of Virginia rose 6.27 percent to $3.26 billion.
    Exports fell 24.25 percent to $392.84 million. Imports rose 12.48 percent to $2.87 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 $3.81 trillion, down 1.42 percent compared to the same period last year. The nation’s exports dropped 1.32 percent to $1.51 trillion; imports dropped 1.48 percent to $2.3 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 $786.7 billion, down compared to the same period of last year when the deficit was $800.89 billion.

The top five U.S. exports to Italy by value through November were the categories of Oil; Plasma, vaccines, blood; Insulin, hormones and steroids; Medicines in individual dosages; and Civilian aircraft, parts, respectively. They accounted for 36.95 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; Plasma, vaccines, blood; and Defense-related aircraft, parts –– accounted for 26.59 percent of all inbound shipments.

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

  • Oil fell 12.49 percent compared to last year to $2.43 billion.
  • Plasma, vaccines, blood rose 4.61 percent compared to last year to $2.28 billion.
  • Insulin, hormones and steroids rose 90.56 percent compared to last year to $1.24 billion.
  • Medicines in individual dosages rose 40.29 percent compared to last year to $1.12 billion.
  • Civilian aircraft, parts fell 19.97 percent compared to last year to $1.09 billion.

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

  • Medicines in individual dosages rose 47.7 percent compared to last year to $5.94 billion.
  • Motor vehicles for transporting people fell 27.84 percent compared to last year to $3.01 billion.
  • Wine fell 0.58 percent compared to last year to $1.81 billion.
  • Plasma, vaccines, blood rose 89.56 percent compared to last year to $1.63 billion.
  • Defense-related aircraft, parts fell 18.52 percent compared to last year to $1.54 billion.

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.