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Russia

Russia ranked No. 27 in total trade value through July with a total of $16.13 billion. Exports totaled $3.67 billion and Imports totaled $12.46 billion, a deficit of $8.8 billion.

January – July 2019

Top Trading Ports

Total Trade: $16.13 billion

RankPortTotal YTD
1Port of Houston $1,809,326,086
2Port of New Orleans $1,608,156,430
3John F. Kennedy International Airport $1,283,485,846
4Port of Newark $773,014,105
5Port of Philadelphia $742,716,371
6Port of Wilmington, Dela. $676,109,032
7Port of Greater Baton Rouge, La. $535,559,315
8Port of Port Arthur, Texas $531,104,670
9Port of Baltimore, Md. $527,151,447
10Port of Everett, Wash. $459,758,866

U.S. trade with Russia rose to $16.13 billion through July

Russia’s trade with the United States rose to $16.13 billion through the first seven months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 2.35 percent above its total trade during the same time period last year. U.S. exports to Russia decreased 6.84 percent while U.S. imports from Russia rose 5.4 percent. The U.S. deficit with Russia was $8.8 billion.

Through July, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of New Orleans; No. 3 John F. Kennedy International Airport; No. 4 Port of Newark; and No. 5 Port of Philadelphia. During the same period the previous year, the top five were No. 1 Port of New Orleans No. 2 Port of Houston No. 3 Port of Baltimore, Md. No. 4 John F. Kennedy International Airport and No. 5 Port of Newark. In the current time period, the top five accounted for 38.54 percent of Russia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 10.34 percent to $1.81 billion.
    Exports fell 12.8 percent to $390.64 million. Imports rose 19.05 percent to $1.42 billion.
  • Trade with No. 2 Port of New Orleans fell 15.15 percent to $1.61 billion.
    Exports fell 7.63 percent to $22.79 million. Imports fell 15.25 percent to $1.59 billion.
  • Trade with No. 3 John F. Kennedy International Airport rose 9.36 percent to $1.28 billion.
    Exports fell 2.13 percent to $258.93 million. Imports rose 12.71 percent to $1.02 billion.
  • Trade with No. 4 Port of Newark fell 8.85 percent to $773.01 million.
    Exports fell 20.86 percent to $57.7 million. Imports fell 7.72 percent to $715.32 million.
  • Trade with No. 5 Port of Philadelphia rose 62.3 percent to $742.72 million.
    Exports rose 190.72 percent to $17.51 million. Imports rose 60.59 percent to $725.2 million.

Russia ranked No. 27 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 28.

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 Russia by value through July were the categories of Civilian aircraft, parts; Motor vehicles for transporting people; Motor vehicle parts; Miscellaneous machines, parts; and Misc. machinery for moving, grading, respectively. They accounted for 40.48 percent of total exports to Russia.

The value of the top five categories of U.S. imports from Russia –– Gasoline, other fuels; Oil; Unwrought platinum in various forms; Pig iron; and Shrimp, other crustaceans –– accounted for 69.32 percent of all inbound shipments.

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

  • Civilian aircraft, parts fell 5.97 percent compared to last year to $950.61 million.
  • Motor vehicles for transporting people rose 28.44 percent compared to last year to $186.26 million.
  • Motor vehicle parts rose 4.74 percent compared to last year to $150.79 million.
  • Miscellaneous machines, parts rose 10.66 percent compared to last year to $121.29 million.
  • Misc. machinery for moving, grading rose 86.66 percent compared to last year to $75.67 million.

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

  • Gasoline, other fuels rose 3.66 percent compared to last year to $4.97 billion.
  • Oil rose 85.08 percent compared to last year to $1.96 billion.
  • Unwrought platinum in various forms rose 16.82 percent compared to last year to $790.48 million.
  • Pig iron fell 19.61 percent compared to last year to $592.47 million.
  • Shrimp, other crustaceans rose 22.5 percent compared to last year to $326.06 million.

In the latest annual figures available, Russia recorded $23.99 billion in trade with the United States. At year’s end, its were New Orleans; New York City; Houston; Seattle; and Baltimore. Total U.S. exports to Russia were $ 6.99 billion and imports from Russia were $17 billion. The U.S. deficit with Russia was $10.02 billion.