|2||Machinery, parts for semiconductor manufacturing||$482.17 M|
|3||Computer chips||$482.11 M|
|4||Petroleum gases, other gaseous hydrocarbons||$288.58 M|
|5||Civilian aircraft, parts||$228.72 M|
|6||Motor vehicles for transporting people||$208.9 M|
|7||Frozen beef||$173.77 M|
|8||Aircraft engines, engine parts||$114.52 M|
|9||Medical instruments for surgeons, dentists, vets||$101.9 M|
|10||Acrylonitrile, related compounds||$100.89 M|
|1||Motor vehicles for transporting people||$2.6 B|
|2||Cell phones, related equipment||$1.28 B|
|3||Motor vehicle parts||$714.09 M|
|4||Computer parts||$695.57 M|
|5||Gasoline, other fuels||$547.85 M|
|6||Computer chips||$389.51 M|
|7||Plasma, vaccines, blood||$334.15 M|
|8||Rubber tires||$227.44 M|
|9||Electric storage batteries||$220.17 M|
|10||Iron and steel pipes and tubing||$174.91 M|
Top Trading Ports
Total Trade: $21.21 billion
|1||Port of Los Angeles||$2,440,708,988|
|2||Dallas-Fort Worth International Airport, Texas||$1,893,325,502|
|3||San Francisco International Airport, Calif.||$1,231,808,660|
|4||Port of Savannah, Ga.||$1,064,101,796|
|5||Port of Newark||$938,760,562|
|6||Port of Long Beach||$928,541,463|
|7||Port of Houston||$906,927,438|
|8||Anchorage International Airport, Alaska||$802,252,989|
|9||Chicago O’Hare International Airport||$705,838,523|
|10||John F. Kennedy International Airport||$605,166,692|
U.S. trade with South Korea rose to $21.21 billion through February
South Korea’s trade with the United States rose to $21.21 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 13.97 percent above its total trade during the same time period last year. South Korea’s exports increased 2.56 percent while imports rose 22.53 percent. The U.S. deficit with South Korea was $4.84 billion.
Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Los Angeles; No. 2 Dallas-Fort Worth International Airport, Texas; No. 3 San Francisco International Airport, Calif.; No. 4 Port of Savannah, Ga.; 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 San Francisco International Airport, Calif. No. 3 Port of Long Beach No. 4 Dallas-Fort Worth International Airport, Texas and No. 5 Port of Houston. In the current time period, the top five accounted for 35.68 percent of South Korea’s U.S. trade.
Among those top five:
- Trade with No. 1 Port of Los Angeles rose 14.91 percent to $2.44 billion.
Exports rose 48.66 percent to $585.68 million. Imports rose 7.22 percent to $1.86 billion.
- Trade with No. 2 Dallas-Fort Worth International Airport, Texas rose 55.09 percent to $1.89 billion.
Exports fell 23.1 percent to $574.32 million. Imports rose 178.32 percent to $1.32 billion.
- Trade with No. 3 San Francisco International Airport, Calif. fell 14.82 percent to $1.23 billion.
Exports fell 46.13 percent to $458.67 million. Imports rose 30.04 percent to $773.13 million.
- Trade with No. 4 Port of Savannah, Ga. rose 39.7 percent to $1.06 billion.
Exports fell 7.81 percent to $132.04 million. Imports rose 50.7 percent to $932.06 million.
- Trade with No. 5 Port of Newark rose 15.15 percent to $938.76 million.
Exports fell 1.38 percent to $22.89 million. Imports rose 15.63 percent to $915.87 million.
South Korea ranked No. 6 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 8.
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 South Korea by value through February were the categories of Oil; Machinery, parts for semiconductor manufacturing; Computer chips; Petroleum gases, other gaseous hydrocarbons; and Civilian aircraft, parts, respectively. They accounted for 31.98 percent of total exports to South Korea.
The value of the top five categories of U.S. imports from South Korea –– Motor vehicles for transporting people; Cell phones, related equipment; Motor vehicle parts; Computer parts; and Gasoline, other fuels –– accounted for 44.79 percent of all inbound shipments.
Looking more closely at U.S. exports to South Korea:
- Oil rose 521.47 percent compared to last year to $1.14 billion.
- Machinery, parts for semiconductor manufacturing fell 52.48 percent compared to last year to $482.17 million.
- Computer chips fell 11.38 percent compared to last year to $482.11 million.
- Petroleum gases, other gaseous hydrocarbons fell 29.21 percent compared to last year to $288.58 million.
- Civilian aircraft, parts fell 31.02 percent compared to last year to $228.72 million.
Looking more closely at U.S. imports from South Korea:
- Motor vehicles for transporting people rose 14.7 percent compared to last year to $2.6 billion.
- Cell phones, related equipment rose 115.06 percent compared to last year to $1.28 billion.
- Motor vehicle parts rose 28.96 percent compared to last year to $714.09 million.
- Computer parts rose 61.27 percent compared to last year to $695.57 million.
- Gasoline, other fuels rose 83.54 percent compared to last year to $547.85 million.
In the latest annual figures available, South Korea recorded $119.44 billion in trade with the United States. At year’s end, its were Los Angeles; San Francisco; Atlanta/Savannah; New York City; and Dallas. Total U.S. exports to South Korea were $ 48.28 billion and imports from South Korea were $71.16 billion. The U.S. deficit with South Korea was $22.89 billion.