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Italy

Italy ranked No. 11 in total trade value through March with a total of $19.65 billion. Exports totaled $6.04 billion and Imports totaled $13.62 billion, a deficit of $7.58 billion.

January – March 2019

Top Trading Ports

Total Trade: $19.65 billion

RankPortTotal YTD
1Port of Newark $3,006,419,911
2John F. Kennedy International Airport $2,204,295,558
3Port of Houston $1,320,221,856
4Port of Virginia $931,101,060
5Port of Savannah, Ga. $912,509,794
6Chicago O’Hare International Airport $907,827,798
7Philadelphia International Airport $866,283,159
8Port of Charleston $731,640,573
9Miami International Airport $606,582,589
10Port of Baltimore, Md. $601,789,913

U.S. trade with Italy rose to $19.65 billion through March

Italy’s trade with the United States rose to $19.65 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 8.9 percent above its total trade during the same time period last year. Italy’s exports increased 12.16 percent while imports rose 7.52 percent. The U.S. deficit with Italy was $7.58 billion.

Through March, 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 Port of Virginia; and No. 5 Port of Savannah, Ga.. 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 Virginia. In the current time period, the top five accounted for 42.61 percent of Italy’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 4.37 percent to $3.01 billion.
    Exports rose 63.86 percent to $238.39 million. Imports fell 7.68 percent to $2.77 billion.
  • Trade with No. 2 John F. Kennedy International Airport rose 24.47 percent to $2.2 billion.
    Exports rose 40.7 percent to $827.52 million. Imports rose 16.4 percent to $1.38 billion.
  • Trade with No. 3 Port of Houston rose 16.12 percent to $1.32 billion.
    Exports rose 69.85 percent to $526.94 million. Imports fell 4.04 percent to $793.28 million.
  • Trade with No. 4 Port of Virginia rose 22.8 percent to $931.1 million.
    Exports rose 14.87 percent to $151.04 million. Imports rose 24.46 percent to $780.06 million.
  • Trade with No. 5 Port of Savannah, Ga. rose 21.59 percent to $912.51 million.
    Exports rose 21.58 percent to $235.56 million. Imports rose 21.6 percent to $676.95 million.

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 $1.01 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 Italy by value through March were the categories of Plasma, vaccines, blood; Oil; Insulin, hormones and steroids; Civilian aircraft, parts; and Medicines in individual dosages, respectively. They accounted for 35.68 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 Value added to a returned import –– accounted for 25.7 percent of all inbound shipments.

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

  • Plasma, vaccines, blood rose 39.3 percent compared to last year to $723.82 million.
  • Oil fell 12.77 percent compared to last year to $590.51 million.
  • Insulin, hormones and steroids rose 123.3 percent compared to last year to $367.74 million.
  • Civilian aircraft, parts fell 5.4 percent compared to last year to $245.9 million.
  • Medicines in individual dosages rose 70.46 percent compared to last year to $226.4 million.

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

  • Medicines in individual dosages rose 37.42 percent compared to last year to $1.33 billion.
  • Motor vehicles for transporting people fell 27.49 percent compared to last year to $725.91 million.
  • Defense-related aircraft, parts rose 15.36 percent compared to last year to $577.31 million.
  • Wine fell 1.59 percent compared to last year to $463.79 million.
  • Value added to a returned import fell 15.16 percent compared to last year to $398.95 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.