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Japan

Japan ranked No. 4 in total trade value through October with a total of $178.96 billion. Exports totaled $61.38 billion and Imports totaled $117.57 billion, a deficit of $56.19 billion.

January – October 2018

Top Trading Ports

Total Trade: $178.96 billion

RankPortTotal YTD
1Port of Los Angeles $29,362,268,883
2Port of Tacoma, Wash. $11,943,321,888
3Port of Long Beach $11,198,408,992
4Chicago O’Hare International Airport $10,909,326,540
5Los Angeles International Airport $7,443,879,455
6Port of Newark $7,313,750,904
7San Francisco International Airport, Calif. $6,544,755,190
8John F. Kennedy International Airport $6,543,833,214
9Anchorage International Airport, Alaska $5,717,399,267
10Port of Jacksonville, Fla. $5,220,049,828

U.S. trade with Japan rose to $178.96 billion through October

Japan’s trade with the United States rose to $178.96 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 6.18 percent above its total trade during the same time period last year. Japan’s exports increased 10.62 percent while imports rose 4 percent. The U.S. deficit with Japan was $56.19 billion.

Through October, 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 Los Angeles International Airport. 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 39.59 percent of Japan’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles fell 0.17 percent to $29.36 billion.
    Exports rose 11.21 percent to $5.28 billion. Imports fell 2.36 percent to $24.09 billion.
  • Trade with No. 2 Port of Tacoma, Wash. fell 6.68 percent to $11.94 billion.
    Exports fell 6.47 percent to $2.1 billion. Imports fell 6.73 percent to $9.84 billion.
  • Trade with No. 3 Port of Long Beach rose 8.57 percent to $11.2 billion.
    Exports fell 1.73 percent to $3.21 billion. Imports rose 13.33 percent to $7.99 billion.
  • Trade with No. 4 Chicago O’Hare International Airport rose 9.61 percent to $10.91 billion.
    Exports rose 21.56 percent to $4.43 billion. Imports rose 2.71 percent to $6.48 billion.
  • Trade with No. 5 Los Angeles International Airport rose 14.74 percent to $7.44 billion.
    Exports rose 14.35 percent to $4.6 billion. Imports rose 15.38 percent to $2.85 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 $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 Japan by value through October were the categories of Civilian aircraft, parts; Petroleum gases, other gaseous hydrocarbons; Corn; Medical instruments for surgeons, dentists, vets; and Machinery, parts for semiconductor manufacturing, respectively. They accounted for 25.2 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 41.19 percent of all inbound shipments.

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

  • Civilian aircraft, parts fell 0.84 percent compared to last year to $4.65 billion.
  • Petroleum gases, other gaseous hydrocarbons rose 43.3 percent compared to last year to $3.63 billion.
  • Corn rose 25 percent compared to last year to $2.42 billion.
  • Medical instruments for surgeons, dentists, vets rose 17.34 percent compared to last year to $2.4 billion.
  • Machinery, parts for semiconductor manufacturing rose 28.15 percent compared to last year to $2.38 billion.

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

  • Motor vehicles for transporting people rose 0.97 percent compared to last year to $32.82 billion.
  • Motor vehicle parts fell 2.61 percent compared to last year to $6.68 billion.
  • Defense-related aircraft, parts rose 2.27 percent compared to last year to $3.47 billion.
  • Self-propelled heavy construction machinery rose 20.62 percent compared to last year to $2.9 billion.
  • Printers, all types, parts fell 1.39 percent compared to last year to $2.54 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.