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Japan

Japan ranked No. 4 in total trade value through May with a total of $88.21 billion. Exports totaled $29.44 billion and Imports totaled $58.76 billion, a deficit of $29.32 billion.

January – May 2018

Top Trading Ports

Total Trade: $88.21 billion

Rank Port Total YTD
1 Port of Los Angeles $14,399,376,389
2 Port of Tacoma, Wash. $6,174,244,785
3 Port of Long Beach $5,836,529,992
4 Chicago O’Hare International Airport $5,382,832,087
5 Port of Newark $3,667,141,711
6 Los Angeles International Airport $3,559,328,852
7 San Francisco International Airport, Calif. $3,388,284,828
8 John F. Kennedy International Airport $3,286,078,299
9 Port of Jacksonville, Fla. $2,809,076,165
10 Anchorage International Airport, Alaska $2,703,219,335

U.S. trade with Japan rose to $88.21 billion through May

Japan’s trade with the United States rose to $88.21 billion through the first five months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 6.6 percent above its total trade during the same time period last year. Japan’s exports increased 8.36 percent while imports rose 5.75 percent. The U.S. deficit with Japan was $29.32 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 Port of Long Beach; No. 4 Chicago O’Hare International Airport; 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 40.2 percent of Japan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles fell 1.88 percent to $14.4 billion.
    Exports rose 6.32 percent to $2.42 billion. Imports fell 3.39 percent to $11.98 billion.
  • Trade with No. 2 Port of Tacoma, Wash. fell 4.63 percent to $6.17 billion.
    Exports fell 7.24 percent to $1.01 billion. Imports fell 4.1 percent to $5.16 billion.
  • Trade with No. 3 Port of Long Beach rose 20.85 percent to $5.84 billion.
    Exports rose 4.43 percent to $1.65 billion. Imports rose 28.84 percent to $4.18 billion.
  • Trade with No. 4 Chicago O’Hare International Airport rose 14.56 percent to $5.38 billion.
    Exports rose 33.88 percent to $2.2 billion. Imports rose 4.19 percent to $3.19 billion.
  • Trade with No. 5 Port of Newark rose 7.4 percent to $3.67 billion.
    Exports rose 9.63 percent to $169.11 million. Imports rose 7.29 percent to $3.5 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. 5.

Meanwhile, total U.S. trade with the world increased to $1.71 trillion, up 9.27 percent compared to the same period last year. The nation’s exports climbed 9.66 percent to $684.76 billion; imports climbed 9.01 percent to $1.02 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 $336.38 billion, up compared to the same period of last year when the deficit was $312.27 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; Machinery, parts for semiconductor manufacturing; Corn; and Medical instruments for surgeons, dentists, vets, respectively. They accounted for 23.79 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; Self-propelled heavy construction machinery; and Printers, all types, parts –– accounted for 42.11 percent of all inbound shipments.

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

  • Civilian aircraft, parts fell 5.01 percent compared to last year to $2.02 billion.
  • Petroleum gases, other gaseous hydrocarbons rose 21.05 percent compared to last year to $1.47 billion.
  • Machinery, parts for semiconductor manufacturing rose 31.65 percent compared to last year to $1.25 billion.
  • Corn fell 2.49 percent compared to last year to $1.16 billion.
  • Medical instruments for surgeons, dentists, vets rose 10.1 percent compared to last year to $1.1 billion.

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

  • Motor vehicles for transporting people rose 6.17 percent compared to last year to $16.81 billion.
  • Motor vehicle parts rose 0.48 percent compared to last year to $3.49 billion.
  • Defense-related aircraft, parts fell 2.44 percent compared to last year to $1.69 billion.
  • Self-propelled heavy construction machinery rose 22.74 percent compared to last year to $1.48 billion.
  • Printers, all types, parts fell 2.01 percent compared to last year to $1.27 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.