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Japan

Japan ranked No. 4 in total trade value through September with a total of $164.49 billion. Exports totaled $55.41 billion and Imports totaled $109.08 billion, a deficit of $53.67 billion.

January – September 2019

Top Trading Ports

Total Trade: $164.49 billion

RankPortTotal YTD
1Port of Los Angeles $28,270,770,986
2Port of Tacoma, Wash. $13,127,628,741
3Chicago O’Hare International Airport $9,991,144,166
4Los Angeles International Airport $6,810,799,467
5Port of Newark $6,663,631,312
6Port of Savannah, Ga. $5,517,674,170
7John F. Kennedy International Airport $5,514,082,574
8Port of Long Beach $5,236,487,297
9San Francisco International Airport, Calif. $5,124,214,323
10Port of Oakland, Calif. $5,051,478,556

U.S. trade with Japan rose to $164.49 billion through September

Japan’s trade with the United States rose to $164.49 billion through the first nine months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.06 percent above its total trade during the same time period last year. U.S. exports to Japan increased 1.13 percent while U.S. imports from Japan rose 4.07 percent. The U.S. deficit with Japan was $53.67 billion.

Through September, 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 Los Angeles 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 Los Angeles International Airport. In the current time period, the top five accounted for 39.43 percent of Japan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 7.67 percent to $28.27 billion.
    Exports rose 12.98 percent to $5.35 billion. Imports rose 6.5 percent to $22.92 billion.
  • Trade with No. 2 Port of Tacoma, Wash. rose 22.07 percent to $13.13 billion.
    Exports fell 2.24 percent to $1.87 billion. Imports rose 27.31 percent to $11.26 billion.
  • Trade with No. 3 Chicago O’Hare International Airport rose 2.8 percent to $9.99 billion.
    Exports fell 6.93 percent to $3.67 billion. Imports rose 9.44 percent to $6.32 billion.
  • Trade with No. 4 Los Angeles International Airport rose 3.83 percent to $6.81 billion.
    Exports fell 4.97 percent to $3.88 billion. Imports rose 18.39 percent to $2.93 billion.
  • Trade with No. 5 Port of Newark rose 1.93 percent to $6.66 billion.
    Exports rose 26.32 percent to $382.05 million. Imports rose 0.74 percent to $6.28 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 $3.11 trillion, down 0.58 percent compared to the same period last year. The nation’s exports dropped 1.01 percent to $1.23 trillion; imports dropped 0.3 percent to $1.88 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 $647.62 billion, up compared to the same period of last year when the deficit was $640.85 billion.

The top five U.S. exports to Japan by value through September were the categories of Civilian aircraft, parts; Petroleum gases, other gaseous hydrocarbons; Medical instruments for surgeons, dentists, vets; Corn; and Medicines in individual dosages, respectively. They accounted for 26.68 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; Machinery, parts for semiconductor manufacturing; Self-propelled heavy construction machinery; and Defense-related aircraft, parts –– accounted for 41.37 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 24 percent compared to last year to $5.06 billion.
  • Petroleum gases, other gaseous hydrocarbons rose 28.84 percent compared to last year to $4.23 billion.
  • Medical instruments for surgeons, dentists, vets fell 5.99 percent compared to last year to $2.02 billion.
  • Corn fell 20.39 percent compared to last year to $1.77 billion.
  • Medicines in individual dosages rose 33.13 percent compared to last year to $1.7 billion.

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

  • Motor vehicles for transporting people rose 1.01 percent compared to last year to $29.6 billion.
  • Motor vehicle parts fell 8.53 percent compared to last year to $5.5 billion.
  • Machinery, parts for semiconductor manufacturing rose 79.67 percent compared to last year to $3.52 billion.
  • Self-propelled heavy construction machinery rose 25.53 percent compared to last year to $3.34 billion.
  • Defense-related aircraft, parts rose 2.32 percent compared to last year to $3.16 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.

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