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Russia

Russia ranked No. 28 in total trade value through October with a total of $23.26 billion. Exports totaled $5.66 billion and Imports totaled $17.59 billion, a deficit of $11.93 billion.

January – October 2018

Top Trading Ports

Total Trade: $23.26 billion

RankPortTotal YTD
1Port of New Orleans $2,607,394,534
2Port of Houston $2,539,882,189
3John F. Kennedy International Airport $1,848,347,808
4Port of Baltimore, Md. $1,343,632,528
5Port of Newark $1,187,704,833
6Seattle-Tacoma International Airport $1,037,978,858
7Port of Philadelphia $976,029,635
8Port of Southern Louisiana, Gramercy, St. James Parish $819,571,773
9Port of Charleston $707,437,222
10Chicago O’Hare International Airport $697,271,144

U.S. trade with Russia rose to $23.26 billion through October

Russia’s trade with the United States rose to $23.26 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 17.25 percent above its total trade during the same time period last year. Russia’s exports decreased 0.58 percent while imports rose 24.42 percent. The U.S. deficit with Russia was $11.93 billion.

Through October, the top five among the nation’s airports, seaports and border crossings 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. During the same period the previous year, the top five were No. 1 Port of New Orleans No. 2 Port of Baltimore, Md. No. 3 Port of Houston No. 4 John F. Kennedy International Airport and No. 5 Port of Newark. In the current time period, the top five accounted for 40.96 percent of Russia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New Orleans rose 3.82 percent to $2.61 billion.
    Exports fell 38.38 percent to $36.96 million. Imports rose 4.85 percent to $2.57 billion.
  • Trade with No. 2 Port of Houston rose 50.67 percent to $2.54 billion.
    Exports rose 27.9 percent to $562.76 million. Imports rose 58.71 percent to $1.98 billion.
  • Trade with No. 3 John F. Kennedy International Airport rose 50.39 percent to $1.85 billion.
    Exports rose 16.03 percent to $397.77 million. Imports rose 63.69 percent to $1.45 billion.
  • Trade with No. 4 Port of Baltimore, Md. fell 22.54 percent to $1.34 billion.
    Exports fell 16.65 percent to $295.7 million. Imports fell 24.06 percent to $1.05 billion.
  • Trade with No. 5 Port of Newark rose 16.06 percent to $1.19 billion.
    Exports fell 18.06 percent to $110.3 million. Imports rose 21.22 percent to $1.08 billion.

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. 30.

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 Russia by value through October were the categories of Civilian aircraft, parts; Motor vehicles for transporting people; Motor vehicle parts; Miscellaneous machines, parts; and Tractors, respectively. They accounted for 40.01 percent of total exports to Russia.

The value of the top five categories of U.S. imports from Russia –– Gasoline, other fuels; Oil; Pig iron; Unwrought platinum in various forms; and Semifinished products of Iron, nonalloy steel –– accounted for 67.18 percent of all inbound shipments.

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

  • Civilian aircraft, parts fell 16.28 percent compared to last year to $1.61 billion.
  • Motor vehicles for transporting people rose 211.03 percent compared to last year to $228.43 million.
  • Motor vehicle parts fell 2.92 percent compared to last year to $205.24 million.
  • Miscellaneous machines, parts rose 14.77 percent compared to last year to $123.13 million.
  • Tractors rose 54.18 percent compared to last year to $100.56 million.

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

  • Gasoline, other fuels rose 36.14 percent compared to last year to $7.43 billion.
  • Oil rose 93.63 percent compared to last year to $1.62 billion.
  • Pig iron rose 17.11 percent compared to last year to $988.9 million.
  • Unwrought platinum in various forms rose 37.75 percent compared to last year to $965.79 million.
  • Semifinished products of Iron, nonalloy steel rose 1.26 percent compared to last year to $814.06 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.