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Russia

Russia ranked No. 28 in total trade value through August with a total of $18.48 billion. Exports totaled $4.07 billion and Imports totaled $14.41 billion, a deficit of $10.35 billion.

January – August 2019

Top Trading Ports

Total Trade: $18.48 billion

RankPortTotal YTD
1Port of Houston $2,092,161,123
2Port of New Orleans $1,912,797,051
3John F. Kennedy International Airport $1,509,887,380
4Port of Newark $857,729,441
5Port of Philadelphia $847,633,538
6Port of Wilmington, Dela. $716,572,264
7Port of Greater Baton Rouge, La. $637,191,750
8Port of Port Arthur, Texas $629,227,222
9Port of Baltimore, Md. $592,016,321
10Port of Charleston $463,959,265

U.S. trade with Russia rose to $18.48 billion through August

Russia’s trade with the United States rose to $18.48 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 1.25 percent above its total trade during the same time period last year. U.S. exports to Russia decreased 9.93 percent while U.S. imports from Russia rose 4.92 percent. The U.S. deficit with Russia was $10.35 billion.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of New Orleans; No. 3 John F. Kennedy International Airport; No. 4 Port of Newark; and No. 5 Port of Philadelphia. During the same period the previous year, the top five were No. 1 Port of New Orleans No. 2 Port of Houston No. 3 John F. Kennedy International Airport No. 4 Port of Baltimore, Md. and No. 5 Port of Newark. In the current time period, the top five accounted for 39.07 percent of Russia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 9.52 percent to $2.09 billion.
    Exports fell 4.85 percent to $449.38 million. Imports rose 14.24 percent to $1.64 billion.
  • Trade with No. 2 Port of New Orleans fell 6.98 percent to $1.91 billion.
    Exports fell 11.87 percent to $24.82 million. Imports fell 6.91 percent to $1.89 billion.
  • Trade with No. 3 John F. Kennedy International Airport rose 14.54 percent to $1.51 billion.
    Exports fell 4.98 percent to $298.38 million. Imports rose 20.64 percent to $1.21 billion.
  • Trade with No. 4 Port of Newark fell 14.29 percent to $857.73 million.
    Exports fell 25.56 percent to $62 million. Imports fell 13.26 percent to $795.73 million.
  • Trade with No. 5 Port of Philadelphia rose 44.03 percent to $847.63 million.
    Exports rose 103.3 percent to $20.9 million. Imports rose 42.97 percent to $826.73 million.

Russia ranked No. 28 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 28.

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 Russia by value through August were the categories of Civilian aircraft, parts; Motor vehicles for transporting people; Motor vehicle parts; Miscellaneous machines, parts; and Misc. machinery for moving, grading, respectively. They accounted for 38.53 percent of total exports to Russia.

The value of the top five categories of U.S. imports from Russia –– Gasoline, other fuels; Oil; Unwrought platinum in various forms; Pig iron; and Radioactive chemical elements and isotopes –– accounted for 70.45 percent of all inbound shipments.

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

  • Civilian aircraft, parts fell 21.58 percent compared to last year to $976.18 million.
  • Motor vehicles for transporting people rose 19.31 percent compared to last year to $207.64 million.
  • Motor vehicle parts rose 6.81 percent compared to last year to $175.62 million.
  • Miscellaneous machines, parts rose 9.12 percent compared to last year to $124.62 million.
  • Misc. machinery for moving, grading rose 69.32 percent compared to last year to $82.54 million.

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

  • Gasoline, other fuels rose 0.54 percent compared to last year to $5.85 billion.
  • Oil rose 75.27 percent compared to last year to $2.29 billion.
  • Unwrought platinum in various forms rose 33.46 percent compared to last year to $951.74 million.
  • Pig iron fell 13.63 percent compared to last year to $661.55 million.
  • Radioactive chemical elements and isotopes rose 41.25 percent compared to last year to $407.67 million.

In the latest annual figures available, Russia recorded $23.99 billion in trade with the United States. At year’s end, its were New Orleans; New York City; Houston; Seattle; and Baltimore. Total U.S. exports to Russia were $ 6.99 billion and imports from Russia were $17 billion. The U.S. deficit with Russia was $10.02 billion.