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Israel

Israel ranked No. 22 in total trade value through March with a total of $8.44 billion. Exports totaled $3.21 billion and Imports totaled $5.23 billion, a deficit of $2.02 billion.

January – March 2019

Top Trading Ports

Total Trade: $8.44 billion

RankPortTotal YTD
1John F. Kennedy International Airport $3,420,465,021
2Port of Newark $1,255,471,608
3Port of New Orleans $551,150,987
4Los Angeles International Airport $541,586,455
5Port of Savannah, Ga. $343,272,524
6San Francisco International Airport, Calif. $210,104,670
7Port of Houston $165,445,472
8Dallas-Fort Worth International Airport, Texas $160,277,866
9Chicago O’Hare International Airport $155,817,850
10Port of New York $154,990,745

U.S. trade with Israel rose to $8.44 billion through March

Israel’s trade with the United States rose to $8.44 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.75 percent below its total trade during the same time period last year. Israel’s exports decreased 8.87 percent while imports fell 2.03 percent. The U.S. deficit with Israel was $2.02 billion.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Newark; No. 3 Port of New Orleans; No. 4 Los Angeles International Airport; and No. 5 Port of Savannah, Ga.. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Port of Newark No. 3 Port of New Orleans No. 4 Los Angeles International Airport and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 72.43 percent of Israel’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 4.79 percent to $3.42 billion.
    Exports fell 18.11 percent to $1.33 billion. Imports rose 6.16 percent to $2.09 billion.
  • Trade with No. 2 Port of Newark fell 14 percent to $1.26 billion.
    Exports rose 13.09 percent to $331.54 million. Imports fell 20.8 percent to $923.93 million.
  • Trade with No. 3 Port of New Orleans fell 10.17 percent to $551.15 million.
    Exports rose 11.93 percent to $149.82 million. Imports fell 16.34 percent to $401.33 million.
  • Trade with No. 4 Los Angeles International Airport rose 21.55 percent to $541.59 million.
    Exports rose 18.5 percent to $198.14 million. Imports rose 23.38 percent to $343.45 million.
  • Trade with No. 5 Port of Savannah, Ga. fell 10.17 percent to $343.27 million.
    Exports fell 41.87 percent to $84.6 million. Imports rose 9.33 percent to $258.67 million.

Israel ranked No. 22 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 22.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Israel by value through March were the categories of Diamonds, not mounted; Civilian aircraft, parts; Machinery, parts for semiconductor manufacturing; Defense-related aircraft, parts; and Computers, respectively. They accounted for 47.61 percent of total exports to Israel.

The value of the top five categories of U.S. imports from Israel –– Diamonds, not mounted; Medicines in individual dosages; Value added to a returned import; Medical instruments for surgeons, dentists, vets; and Aircraft, Spacecraft, Satellites –– accounted for 58.48 percent of all inbound shipments.

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

  • Diamonds, not mounted fell 14.98 percent compared to last year to $1.04 billion.
  • Civilian aircraft, parts fell 41.54 percent compared to last year to $284.81 million.
  • Machinery, parts for semiconductor manufacturing fell 33.54 percent compared to last year to $79.02 million.
  • Defense-related aircraft, parts fell 11.18 percent compared to last year to $65.74 million.
  • Computers rose 19.28 percent compared to last year to $59.29 million.

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

  • Diamonds, not mounted rose 4.71 percent compared to last year to $1.85 billion.
  • Medicines in individual dosages fell 33.86 percent compared to last year to $566.99 million.
  • Value added to a returned import fell 3.35 percent compared to last year to $300.01 million.
  • Medical instruments for surgeons, dentists, vets rose 9.63 percent compared to last year to $227.02 million.
  • Aircraft, Spacecraft, Satellites rose 35.21 percent compared to last year to $110.23 million.

In the latest annual figures available, Israel recorded $34.49 billion in trade with the United States. At year’s end, its were New York City; Philadelphia; Los Angeles; New Orleans; and Atlanta/Savannah. Total U.S. exports to Israel were $ 12.54 billion and imports from Israel were $21.95 billion. The U.S. deficit with Israel was $9.4 billion.