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Italy

Italy ranked No. 10 in total trade value through October with a total of $65.05 billion. Exports totaled $19.69 billion and Imports totaled $45.36 billion, a deficit of $25.66 billion.

January – October 2018

Top Trading Ports

Total Trade: $65.05 billion

RankPortTotal YTD
1Port of Newark $10,666,918,991
2John F. Kennedy International Airport $6,694,258,913
3Port of Houston $4,363,962,790
4Chicago O’Hare International Airport $3,693,404,064
5Port of Virginia $2,784,456,663
6Port of Savannah, Ga. $2,704,873,619
7Port of Charleston $2,218,997,846
8Port of Baltimore, Md. $2,058,533,298
9Port of New Orleans $1,743,058,455
10Los Angeles International Airport $1,544,891,744

U.S. trade with Italy rose to $65.05 billion through October

Italy’s trade with the United States rose to $65.05 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 17.31 percent above its total trade during the same time period last year. Italy’s exports increased 29.98 percent while imports rose 12.54 percent. The U.S. deficit with Italy was $25.66 billion.

Through October, 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 Chicago O’Hare International Airport No. 4 Port of Houston and No. 5 Port of Virginia. In the current time period, the top five accounted for 43.35 percent of Italy’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 23.34 percent to $10.67 billion.
    Exports fell 32.03 percent to $360.27 million. Imports rose 26.95 percent to $10.31 billion.
  • Trade with No. 2 John F. Kennedy International Airport rose 7.92 percent to $6.69 billion.
    Exports rose 14.67 percent to $2.1 billion. Imports rose 5.09 percent to $4.6 billion.
  • Trade with No. 3 Port of Houston rose 42.03 percent to $4.36 billion.
    Exports rose 115.12 percent to $1.38 billion. Imports rose 22.7 percent to $2.98 billion.
  • Trade with No. 4 Chicago O’Hare International Airport rose 16.45 percent to $3.69 billion.
    Exports rose 22.21 percent to $1.65 billion. Imports rose 12.19 percent to $2.04 billion.
  • Trade with No. 5 Port of Virginia rose 14.32 percent to $2.78 billion.
    Exports rose 0.76 percent to $457.19 million. Imports rose 17.43 percent to $2.33 billion.

Italy ranked No. 10 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 12.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 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 $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Italy by value through October were the categories of Oil; Plasma, vaccines, blood; Civilian aircraft, parts; Medicines in individual dosages; and Insulin, hormones and steroids, respectively. They accounted for 37.18 percent of total exports to Italy.

The value of the top five categories of U.S. imports from Italy –– Motor vehicles for transporting people; Medicines in individual dosages; Defense-related aircraft, parts; Wine; and Gasoline, other fuels –– accounted for 25.86 percent of all inbound shipments.

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

  • Oil rose 321.08 percent compared to last year to $2.69 billion.
  • Plasma, vaccines, blood rose 40.84 percent compared to last year to $2.06 billion.
  • Civilian aircraft, parts rose 94.76 percent compared to last year to $1.24 billion.
  • Medicines in individual dosages fell 41.21 percent compared to last year to $738.74 million.
  • Insulin, hormones and steroids rose 12.24 percent compared to last year to $599.59 million.

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

  • Motor vehicles for transporting people fell 0.94 percent compared to last year to $3.81 billion.
  • Medicines in individual dosages rose 23.13 percent compared to last year to $3.58 billion.
  • Defense-related aircraft, parts rose 89.87 percent compared to last year to $1.7 billion.
  • Wine rose 9.24 percent compared to last year to $1.65 billion.
  • Gasoline, other fuels rose 177.58 percent compared to last year to $983.82 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.