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Italy

Italy ranked No. 11 in total trade value through May with a total of $33.36 billion. Exports totaled $9.86 billion and Imports totaled $23.5 billion, a deficit of $13.64 billion.

January – May 2019

Top Trading Ports

Total Trade: $33.36 billion

RankPortTotal YTD
1Port of Newark $5,098,817,151
2John F. Kennedy International Airport $3,740,584,015
3Port of Houston $2,198,369,851
4Chicago O’Hare International Airport $1,674,285,525
5Port of Virginia $1,590,527,958
6Port of Savannah, Ga. $1,482,510,208
7Philadelphia International Airport $1,266,604,213
8Port of Charleston $1,137,484,629
9Port of Baltimore, Md. $1,019,301,275
10Port of New Orleans $922,904,918

U.S. trade with Italy rose to $33.36 billion through May

Italy’s trade with the United States rose to $33.36 billion through the first five months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.95 percent above its total trade during the same time period last year. U.S. exports to Italy increased 3.05 percent while U.S. imports from Italy rose 5.76 percent. The U.S. deficit with Italy was $13.64 billion.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 John F. Kennedy International Airport; No. 3 Port of Houston; No. 4 Chicago O’Hare International Airport; and No. 5 Port of Virginia. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 John F. Kennedy International Airport No. 3 Port of Houston No. 4 Chicago O’Hare International Airport and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 42.88 percent of Italy’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 4.57 percent to $5.1 billion.
    Exports rose 17.55 percent to $306.8 million. Imports fell 5.7 percent to $4.79 billion.
  • Trade with No. 2 John F. Kennedy International Airport rose 15.24 percent to $3.74 billion.
    Exports rose 17.71 percent to $1.4 billion. Imports rose 13.81 percent to $2.34 billion.
  • Trade with No. 3 Port of Houston rose 10.31 percent to $2.2 billion.
    Exports rose 52.43 percent to $799.38 million. Imports fell 4.73 percent to $1.4 billion.
  • Trade with No. 4 Chicago O’Hare International Airport fell 8.22 percent to $1.67 billion.
    Exports fell 16.22 percent to $681.17 million. Imports fell 1.79 percent to $993.12 million.
  • Trade with No. 5 Port of Virginia rose 16.45 percent to $1.59 billion.
    Exports fell 4.03 percent to $219.51 million. Imports rose 20.57 percent to $1.37 billion.

Italy ranked No. 11 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 10.

Meanwhile, total U.S. trade with the world increased to $1.71 trillion, up 0.56 percent compared to the same period last year. The nation’s exports climbed 0.12 percent to $685.55 billion; imports climbed 0.86 percent to $1.03 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $342.77 billion, up compared to the same period of last year when the deficit was $334.82 billion.

The top five U.S. exports to Italy by value through May were the categories of Oil; Plasma, vaccines, blood; Insulin, hormones and steroids; Medicines in individual dosages; and Civilian aircraft, parts, respectively. They accounted for 35.82 percent of total exports to Italy.

The value of the top five categories of U.S. imports from Italy –– Medicines in individual dosages; Motor vehicles for transporting people; Defense-related aircraft, parts; Wine; and Gasoline, other fuels –– accounted for 26.58 percent of all inbound shipments.

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

  • Oil fell 24.25 percent compared to last year to $1.04 billion.
  • Plasma, vaccines, blood rose 14.36 percent compared to last year to $1.03 billion.
  • Insulin, hormones and steroids rose 126.13 percent compared to last year to $601.16 million.
  • Medicines in individual dosages rose 90.39 percent compared to last year to $443.36 million.
  • Civilian aircraft, parts fell 13.32 percent compared to last year to $425.19 million.

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

  • Medicines in individual dosages rose 52.28 percent compared to last year to $2.64 billion.
  • Motor vehicles for transporting people fell 27.46 percent compared to last year to $1.33 billion.
  • Defense-related aircraft, parts rose 6.68 percent compared to last year to $849.08 million.
  • Wine fell 5.85 percent compared to last year to $798.46 million.
  • Gasoline, other fuels rose 45.11 percent compared to last year to $631.64 million.

In the latest annual figures available, Italy recorded $68.29 billion in trade with the United States. At year’s end, its were New York City; Houston; Atlanta/Savannah; Chicago; and Los Angeles. Total U.S. exports to Italy were $ 18.32 billion and imports from Italy were $49.96 billion. The U.S. deficit with Italy was $31.64 billion.