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Germany

Germany ranked No. 5 in total trade value through May with a total of $76.86 billion. Exports totaled $24.62 billion and Imports totaled $52.24 billion, a deficit of $27.62 billion.

January – May 2018

Top Trading Ports

Total Trade: $76.86 billion

Rank Port Total YTD
1 Port of Charleston $6,299,736,033
2 Port of Newark $5,892,554,644
3 John F. Kennedy International Airport $5,360,747,403
4 Chicago O’Hare International Airport $5,012,403,811
5 Hartsfield-Jackson Atlanta International Airport $4,323,922,291
6 Port of New Orleans $4,319,715,905
7 Port of Virginia $3,700,758,935
8 Port of Houston $2,932,051,279
9 Port of Baltimore, Md. $2,608,791,023
10 Cleveland’s Hopkins International Airport, Ohio $2,537,466,537

U.S. trade with Germany rose to $76.86 billion through May

Germany’s trade with the United States rose to $76.86 billion through the first five months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 12.55 percent above its total trade during the same time period last year. Germany’s exports increased 13.88 percent while imports rose 11.94 percent. The U.S. deficit with Germany was $27.62 billion.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Charleston; No. 2 Port of Newark; No. 3 John F. Kennedy International Airport; No. 4 Chicago O’Hare International Airport; and No. 5 Hartsfield-Jackson Atlanta International Airport. During the same period the previous year, the top five were No. 1 Port of Charleston No. 2 Port of Newark No. 3 John F. Kennedy International Airport No. 4 Chicago O’Hare International Airport and No. 5 Port of New Orleans. In the current time period, the top five accounted for 34.99 percent of Germany’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Charleston fell 9.54 percent to $6.3 billion.
    Exports rose 9.91 percent to $1.79 billion. Imports fell 15.47 percent to $4.51 billion.
  • Trade with No. 2 Port of Newark rose 16.44 percent to $5.89 billion.
    Exports rose 9.37 percent to $440.41 million. Imports rose 17.05 percent to $5.45 billion.
  • Trade with No. 3 John F. Kennedy International Airport rose 22.76 percent to $5.36 billion.
    Exports rose 10.58 percent to $2.58 billion. Imports rose 36.76 percent to $2.78 billion.
  • Trade with No. 4 Chicago O’Hare International Airport rose 22.19 percent to $5.01 billion.
    Exports rose 7.27 percent to $1.77 billion. Imports rose 32.25 percent to $3.24 billion.
  • Trade with No. 5 Hartsfield-Jackson Atlanta International Airport rose 113.19 percent to $4.32 billion.
    Exports fell 4.7 percent to $718.69 million. Imports rose 182.97 percent to $3.61 billion.

Germany ranked No. 5 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 6.

Meanwhile, total U.S. trade with the world increased to $1.71 trillion, up 9.27 percent compared to the same period last year. The nation’s exports climbed 9.66 percent to $684.76 billion; imports climbed 9.01 percent to $1.02 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 $336.38 billion, up compared to the same period of last year when the deficit was $312.27 billion.

The top five U.S. exports to Germany by value through May were the categories of Civilian aircraft, parts; Motor vehicles for transporting people; Plasma, vaccines, blood; Medical instruments for surgeons, dentists, vets; and Insulin, hormones and steroids, respectively. They accounted for 33.46 percent of total exports to Germany.

The value of the top five categories of U.S. imports from Germany –– Motor vehicles for transporting people; Medicines in individual dosages; Plasma, vaccines, blood; Value added to a returned import; and Motor vehicle parts –– accounted for 33.97 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 16.6 percent compared to last year to $3.14 billion.
  • Motor vehicles for transporting people rose 10.1 percent compared to last year to $2.79 billion.
  • Plasma, vaccines, blood rose 16 percent compared to last year to $867.23 million.
  • Medical instruments for surgeons, dentists, vets rose 11.9 percent compared to last year to $740.84 million.
  • Insulin, hormones and steroids rose 2720.53 percent compared to last year to $703.22 million.

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

  • Motor vehicles for transporting people fell 13.21 percent compared to last year to $7.03 billion.
  • Medicines in individual dosages fell 4.25 percent compared to last year to $3.77 billion.
  • Plasma, vaccines, blood rose 253.38 percent compared to last year to $3.02 billion.
  • Value added to a returned import rose 22.84 percent compared to last year to $1.96 billion.
  • Motor vehicle parts rose 1.28 percent compared to last year to $1.95 billion.

In the latest annual figures available, Germany recorded $171.24 billion in trade with the United States. At year’s end, its were New York City; Atlanta/Savannah; Charleston; Chicago; and Cleveland. Total U.S. exports to Germany were $ 53.49 billion and imports from Germany were $117.74 billion. The U.S. deficit with Germany was $64.25 billion.