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Japan

Japan ranked No. 4 in total trade value through July with a total of $129.21 billion. Exports totaled $43.42 billion and Imports totaled $85.79 billion, a deficit of $42.37 billion.

January – July 2019

Top Trading Ports

Total Trade: $129.21 billion

RankPortTotal YTD
1Port of Los Angeles $21,872,200,766
2Port of Tacoma, Wash. $10,316,141,844
3Chicago O’Hare International Airport $7,869,215,791
4Los Angeles International Airport $5,275,742,230
5Port of Newark $5,181,113,551
6Port of Long Beach $4,578,487,814
7John F. Kennedy International Airport $4,354,187,695
8Port of Savannah, Ga. $4,180,036,969
9Port of Oakland, Calif. $4,014,358,423
10Port of Jacksonville, Fla. $4,013,865,229

U.S. trade with Japan rose to $129.21 billion through July

Japan’s trade with the United States rose to $129.21 billion through the first seven months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.11 percent above its total trade during the same time period last year. U.S. exports to Japan increased 3.34 percent while U.S. imports from Japan rose 4.5 percent. The U.S. deficit with Japan was $42.37 billion.

Through July, 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 39.09 percent of Japan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 7.85 percent to $21.87 billion.
    Exports rose 12.3 percent to $4.04 billion. Imports rose 6.89 percent to $17.84 billion.
  • Trade with No. 2 Port of Tacoma, Wash. rose 19.78 percent to $10.32 billion.
    Exports fell 0.99 percent to $1.49 billion. Imports rose 24.17 percent to $8.83 billion.
  • Trade with No. 3 Chicago O’Hare International Airport rose 3.35 percent to $7.87 billion.
    Exports fell 9.37 percent to $2.8 billion. Imports rose 12.05 percent to $5.06 billion.
  • Trade with No. 4 Los Angeles International Airport rose 5.73 percent to $5.28 billion.
    Exports fell 0 percent to $3.04 billion. Imports rose 14.69 percent to $2.23 billion.
  • Trade with No. 5 Port of Newark rose 4.77 percent to $5.18 billion.
    Exports rose 30.82 percent to $282.38 million. Imports rose 3.58 percent to $4.9 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 $2.41 trillion, down 0.06 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $956.44 billion; imports climbed 0.38 percent to $1.45 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 $498.31 billion, up compared to the same period of last year when the deficit was $485.95 billion.

The top five U.S. exports to Japan by value through July 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 27.34 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 41.92 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 23.62 percent compared to last year to $4.05 billion.
  • Petroleum gases, other gaseous hydrocarbons rose 52.71 percent compared to last year to $3.38 billion.
  • Corn fell 5.94 percent compared to last year to $1.6 billion.
  • Medical instruments for surgeons, dentists, vets fell 4.22 percent compared to last year to $1.56 billion.
  • Medicines in individual dosages rose 30.21 percent compared to last year to $1.27 billion.

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

  • Motor vehicles for transporting people rose 2.31 percent compared to last year to $23.59 billion.
  • Motor vehicle parts fell 9.48 percent compared to last year to $4.35 billion.
  • Machinery, parts for semiconductor manufacturing rose 86.32 percent compared to last year to $2.86 billion.
  • Self-propelled heavy construction machinery rose 21.8 percent compared to last year to $2.59 billion.
  • Defense-related aircraft, parts rose 7.43 percent compared to last year to $2.58 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.