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Russia

Russia ranked No. 28 in total trade value through October with a total of $23.09 billion. Exports totaled $4.91 billion and Imports totaled $18.17 billion, a deficit of $13.26 billion.

January – October 2019

Top Trading Ports

Total Trade: $23.09 billion

RankPortTotal YTD
1Port of Houston $2,516,324,433
2Port of New Orleans $2,238,546,472
3John F. Kennedy International Airport $2,009,943,154
4Port of Newark $1,262,988,691
5Port of Philadelphia $1,089,093,555
6Port of Wilmington, Dela. $828,287,770
7Port of Greater Baton Rouge, La. $783,083,074
8Port of Baltimore, Md. $715,230,676
9Port of Port Arthur, Texas $659,323,507
10Port of Charleston $566,587,914

U.S. trade with Russia rose to $23.09 billion through October

Russia’s trade with the United States rose to $23.09 billion through the first 10 months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.73 percent below its total trade during the same time period last year. U.S. exports to Russia decreased 13.23 percent while U.S. imports from Russia rose 3.29 percent. The U.S. deficit with Russia was $13.26 billion.

Through October, 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 John F. Kennedy International Airport No. 4 Port of Baltimore, Md. and No. 5 Port of Newark. In the current time period, the top five accounted for 39.49 percent of Russia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston fell 0.93 percent to $2.52 billion.
    Exports fell 3.04 percent to $545.66 million. Imports fell 0.33 percent to $1.97 billion.
  • Trade with No. 2 Port of New Orleans fell 14.15 percent to $2.24 billion.
    Exports fell 20.41 percent to $29.42 million. Imports fell 14.06 percent to $2.21 billion.
  • Trade with No. 3 John F. Kennedy International Airport rose 8.74 percent to $2.01 billion.
    Exports fell 3.63 percent to $383.33 million. Imports rose 12.14 percent to $1.63 billion.
  • Trade with No. 4 Port of Newark rose 6.34 percent to $1.26 billion.
    Exports fell 37.51 percent to $68.92 million. Imports rose 10.83 percent to $1.19 billion.
  • Trade with No. 5 Port of Philadelphia rose 11.58 percent to $1.09 billion.
    Exports rose 3.54 percent to $26.07 million. Imports rose 11.8 percent to $1.06 billion.

Russia ranked No. 28 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 $3.47 trillion, down 1.09 percent compared to the same period last year. The nation’s exports dropped 1.23 percent to $1.37 trillion; imports dropped 1 percent to $2.1 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 $724.64 billion, down compared to the same period of last year when the deficit was $728.68 billion.

The top five U.S. exports to Russia by value through October 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 35.61 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 Radioactive chemical elements and isotopes –– accounted for 71.79 percent of all inbound shipments.

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

  • Civilian aircraft, parts fell 34.96 percent compared to last year to $1.05 billion.
  • Motor vehicles for transporting people rose 2.22 percent compared to last year to $233.49 million.
  • Motor vehicle parts rose 6.64 percent compared to last year to $218.87 million.
  • Miscellaneous machines, parts rose 26.76 percent compared to last year to $156.07 million.
  • Misc. machinery for moving, grading rose 54.37 percent compared to last year to $95.25 million.

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

  • Gasoline, other fuels rose 2.23 percent compared to last year to $7.59 billion.
  • Oil rose 74.15 percent compared to last year to $2.83 billion.
  • Unwrought platinum in various forms rose 35.38 percent compared to last year to $1.31 billion.
  • Pig iron fell 22.59 percent compared to last year to $765.5 million.
  • Radioactive chemical elements and isotopes rose 3.77 percent compared to last year to $552.58 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.

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