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Russia

Russia ranked No. 30 in total trade value through February with a total of $3.63 billion. Exports totaled $1.02 billion and Imports totaled $2.61 billion, a deficit of $1.59 billion.

January – February 2019

Top Trading Ports

Total Trade: $3.63 billion

RankPortTotal YTD
1Port of New Orleans $461,192,909
2Port of Houston $337,489,691
3John F. Kennedy International Airport $325,094,327
4Port of Philadelphia $208,752,135
5Port of Everett, Wash. $179,200,358
6Port of Newark $162,513,197
7Port of Wilmington, Dela. $148,221,356
8Port of Baltimore, Md. $135,868,060
9Seattle-Tacoma International Airport $93,585,516
10Port of Southern Louisiana, Gramercy, St. James Parish $90,808,443

U.S. trade with Russia rose to $3.63 billion through February

Russia’s trade with the United States rose to $3.63 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.76 percent below its total trade during the same time period last year. Russia’s exports increased 1.86 percent while imports fell 7.11 percent. The U.S. deficit with Russia was $1.59 billion.

Through February, 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 Philadelphia; and No. 5 Port of Everett, Wash.. 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 Newark and No. 5 Port of Baltimore, Md.. In the current time period, the top five accounted for 41.6 percent of Russia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New Orleans fell 25.03 percent to $461.19 million.
    Exports fell 23.59 percent to $4.62 million. Imports fell 25.04 percent to $456.57 million.
  • Trade with No. 2 Port of Houston fell 18.06 percent to $337.49 million.
    Exports fell 27.76 percent to $80.6 million. Imports fell 14.46 percent to $256.89 million.
  • Trade with No. 3 John F. Kennedy International Airport rose 17.52 percent to $325.09 million.
    Exports rose 3.59 percent to $65.71 million. Imports rose 21.66 percent to $259.39 million.
  • Trade with No. 4 Port of Philadelphia rose 256.34 percent to $208.75 million.
    Exports rose 114.64 percent to $3.09 million. Imports rose 259.91 percent to $205.67 million.
  • Trade with No. 5 Port of Everett, Wash. rose 46576 percent to $179.2 million.
    Exports rose 46576 percent to $179.2 million. There were no imports.

Russia ranked No. 30 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 $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 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 $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Russia by value through February were the categories of Civilian aircraft, parts; Motor vehicle parts; Motor vehicles for transporting people; Tractors; and Misc. machinery for moving, grading, respectively. They accounted for 45.72 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; Misc. mineral or chemical fertilizers; and Pig iron –– accounted for 61.76 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 25.48 percent compared to last year to $333.46 million.
  • Motor vehicle parts fell 24.85 percent compared to last year to $35.59 million.
  • Motor vehicles for transporting people rose 80.2 percent compared to last year to $34.81 million.
  • Tractors rose 9.41 percent compared to last year to $32.15 million.
  • Misc. machinery for moving, grading rose 133.52 percent compared to last year to $30.08 million.

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

  • Gasoline, other fuels fell 46.86 percent compared to last year to $723.63 million.
  • Oil totaled $381.97 million. The previous year, there were no imports in this category.
  • Unwrought platinum in various forms fell 3.76 percent compared to last year to $198.77 million.
  • Misc. mineral or chemical fertilizers rose 59.42 percent compared to last year to $163.53 million.
  • Pig iron fell 11.5 percent compared to last year to $146.76 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.