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Japan

Japan ranked No. 4 in total trade value through March with a total of $54.26 billion. Exports totaled $18.26 billion and Imports totaled $36 billion, a deficit of $17.74 billion.

January – March 2019

Top Trading Ports

Total Trade: $54.26 billion

RankPortTotal YTD
1Port of Los Angeles $8,741,949,729
2Port of Tacoma, Wash. $3,969,706,627
3Chicago O’Hare International Airport $3,219,449,924
4Port of Long Beach $2,715,738,004
5Port of Newark $2,425,198,561
6Los Angeles International Airport $2,075,007,317
7Port of Jacksonville, Fla. $1,994,620,350
8John F. Kennedy International Airport $1,823,574,320
9San Francisco International Airport, Calif. $1,739,529,906
10Port of Savannah, Ga. $1,712,803,564

U.S. trade with Japan rose to $54.26 billion through March

Japan’s trade with the United States rose to $54.26 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.42 percent above its total trade during the same time period last year. Japan’s exports increased 4.57 percent while imports rose 2.85 percent. The U.S. deficit with Japan was $17.74 billion.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Los Angeles; No. 2 Port of Tacoma, Wash.; No. 3 Chicago O’Hare International Airport; No. 4 Port of Long Beach; and No. 5 Port of Newark. During the same period the previous year, the top five were No. 1 Port of Los Angeles No. 2 Port of Tacoma, Wash. No. 3 Chicago O’Hare International Airport No. 4 Port of Long Beach and No. 5 Port of Newark. In the current time period, the top five accounted for 38.84 percent of Japan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 0.25 percent to $8.74 billion.
    Exports rose 10.06 percent to $1.59 billion. Imports fell 1.69 percent to $7.16 billion.
  • Trade with No. 2 Port of Tacoma, Wash. rose 3.31 percent to $3.97 billion.
    Exports rose 4.13 percent to $636.99 million. Imports rose 3.16 percent to $3.33 billion.
  • Trade with No. 3 Chicago O’Hare International Airport fell 1.16 percent to $3.22 billion.
    Exports fell 15.86 percent to $1.15 billion. Imports rose 9.46 percent to $2.07 billion.
  • Trade with No. 4 Port of Long Beach fell 16.53 percent to $2.72 billion.
    Exports fell 23.68 percent to $727.85 million. Imports fell 13.56 percent to $1.99 billion.
  • Trade with No. 5 Port of Newark rose 10.26 percent to $2.43 billion.
    Exports rose 7.13 percent to $120.66 million. Imports rose 10.43 percent to $2.3 billion.

Japan ranked No. 4 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 4.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Japan by value through March were the categories of Civilian aircraft, parts; Petroleum gases, other gaseous hydrocarbons; Corn; Medical instruments for surgeons, dentists, vets; and Medicines in individual dosages, respectively. They accounted for 25.32 percent of total exports to Japan.

The value of the top five categories of U.S. imports from Japan –– Motor vehicles for transporting people; Motor vehicle parts; Defense-related aircraft, parts; Self-propelled heavy construction machinery; and Machinery, parts for semiconductor manufacturing –– accounted for 42.92 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 30.11 percent compared to last year to $1.42 billion.
  • Petroleum gases, other gaseous hydrocarbons rose 55.54 percent compared to last year to $1.34 billion.
  • Corn rose 6.37 percent compared to last year to $663.83 million.
  • Medical instruments for surgeons, dentists, vets rose 2.81 percent compared to last year to $663.68 million.
  • Medicines in individual dosages rose 23.59 percent compared to last year to $541.52 million.

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

  • Motor vehicles for transporting people rose 1.2 percent compared to last year to $10.34 billion.
  • Motor vehicle parts fell 10.68 percent compared to last year to $1.85 billion.
  • Defense-related aircraft, parts rose 19.31 percent compared to last year to $1.22 billion.
  • Self-propelled heavy construction machinery rose 23.76 percent compared to last year to $1.04 billion.
  • Machinery, parts for semiconductor manufacturing rose 36.18 percent compared to last year to $996.12 million.

In the latest annual figures available, Japan recorded $204.24 billion in trade with the United States. At year’s end, its were Los Angeles; San Francisco; New York City; Chicago; and Seattle. Total U.S. exports to Japan were $ 67.7 billion and imports from Japan were $136.54 billion. The U.S. deficit with Japan was $68.85 billion.