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Japan

Japan ranked No. 4 in total trade value through May with a total of $91.6 billion. Exports totaled $30.63 billion and Imports totaled $60.97 billion, a deficit of $30.33 billion.

January – May 2019

Top Trading Ports

Total Trade: $91.6 billion

RankPortTotal YTD
1Port of Los Angeles $14,924,343,770
2Port of Tacoma, Wash. $7,326,199,455
3Chicago O’Hare International Airport $5,247,567,563
4Port of Long Beach $3,937,248,881
5Port of Newark $3,768,394,074
6Los Angeles International Airport $3,521,566,964
7John F. Kennedy International Airport $3,072,992,921
8Port of Savannah, Ga. $3,023,711,400
9Port of Jacksonville, Fla. $3,004,830,151
10San Francisco International Airport, Calif. $2,863,444,106

U.S. trade with Japan rose to $91.6 billion through May

Japan’s trade with the United States rose to $91.6 billion through the first five months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.85 percent above its total trade during the same time period last year. U.S. exports to Japan increased 4.04 percent while U.S. imports from Japan rose 3.75 percent. The U.S. deficit with Japan was $30.33 billion.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Los Angeles; No. 2 Port of Tacoma, Wash.; No. 3 Chicago O’Hare International Airport; No. 4 Port of Long Beach; and No. 5 Port of Newark. During the same period the previous year, the top five were No. 1 Port of Los Angeles No. 2 Port of Tacoma, Wash. No. 3 Port of Long Beach No. 4 Chicago O’Hare International Airport and No. 5 Port of Newark. In the current time period, the top five accounted for 38.43 percent of Japan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 3.65 percent to $14.92 billion.
    Exports rose 13.21 percent to $2.74 billion. Imports rose 1.71 percent to $12.18 billion.
  • Trade with No. 2 Port of Tacoma, Wash. rose 18.66 percent to $7.33 billion.
    Exports rose 8.39 percent to $1.1 billion. Imports rose 20.67 percent to $6.23 billion.
  • Trade with No. 3 Chicago O’Hare International Airport fell 2.51 percent to $5.25 billion.
    Exports fell 13.77 percent to $1.89 billion. Imports rose 5.25 percent to $3.35 billion.
  • Trade with No. 4 Port of Long Beach fell 32.54 percent to $3.94 billion.
    Exports fell 34.42 percent to $1.08 billion. Imports fell 31.8 percent to $2.85 billion.
  • Trade with No. 5 Port of Newark rose 2.76 percent to $3.77 billion.
    Exports rose 19.96 percent to $202.86 million. Imports rose 1.93 percent to $3.57 billion.

Japan ranked No. 4 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 4.

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 Japan by value through May were the categories of Civilian aircraft, parts; Petroleum gases, other gaseous hydrocarbons; Corn; Medical instruments for surgeons, dentists, vets; and Medicines in individual dosages, respectively. They accounted for 26.24 percent of total exports to Japan.

The value of the top five categories of U.S. imports from Japan –– Motor vehicles for transporting people; Motor vehicle parts; Defense-related aircraft, parts; Machinery, parts for semiconductor manufacturing; and Self-propelled heavy construction machinery –– accounted for 42.63 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 27.32 percent compared to last year to $2.57 billion.
  • Petroleum gases, other gaseous hydrocarbons rose 54.73 percent compared to last year to $2.28 billion.
  • Corn rose 6.85 percent compared to last year to $1.24 billion.
  • Medical instruments for surgeons, dentists, vets fell 0 percent compared to last year to $1.1 billion.
  • Medicines in individual dosages rose 18.72 percent compared to last year to $849.2 million.

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

  • Motor vehicles for transporting people rose 1.61 percent compared to last year to $17.08 billion.
  • Motor vehicle parts fell 9.34 percent compared to last year to $3.16 billion.
  • Defense-related aircraft, parts rose 15.66 percent compared to last year to $1.96 billion.
  • Machinery, parts for semiconductor manufacturing rose 60.46 percent compared to last year to $1.9 billion.
  • Self-propelled heavy construction machinery rose 27.42 percent compared to last year to $1.89 billion.

In the latest annual figures available, Japan recorded $204.24 billion in trade with the United States. At year’s end, its were Los Angeles; San Francisco; New York City; Chicago; and Seattle. Total U.S. exports to Japan were $ 67.7 billion and imports from Japan were $136.54 billion. The U.S. deficit with Japan was $68.85 billion.