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Russia

Russia ranked No. 28 in total trade value through May with a total of $11.2 billion. Exports totaled $2.71 billion and Imports totaled $8.48 billion, a deficit of $5.77 billion.

January – May 2019

Top Trading Ports

Total Trade: $11.2 billion

RankPortTotal YTD
1Port of New Orleans $1,225,706,423
2Port of Houston $1,135,966,858
3John F. Kennedy International Airport $798,227,809
4Port of Wilmington, Dela. $533,494,300
5Port of Philadelphia $505,651,579
6Port of Newark $467,201,806
7Port of Everett, Wash. $459,758,866
8Port of Baltimore, Md. $399,252,387
9Port of Port Arthur, Texas $397,265,324
10Port of Los Angeles $283,286,161

U.S. trade with Russia rose to $11.2 billion through May

Russia’s trade with the United States rose to $11.2 billion through the first five months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.65 percent above its total trade during the same time period last year. U.S. exports to Russia decreased 3.88 percent while U.S. imports from Russia rose 6.31 percent. The U.S. deficit with Russia was $5.77 billion.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of New Orleans; No. 2 Port of Houston; No. 3 John F. Kennedy International Airport; No. 4 Port of Wilmington, Dela.; 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 37.51 percent of Russia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New Orleans fell 13.24 percent to $1.23 billion.
    Exports fell 19.32 percent to $12.87 million. Imports fell 13.18 percent to $1.21 billion.
  • Trade with No. 2 Port of Houston fell 0.73 percent to $1.14 billion.
    Exports fell 27.85 percent to $240.84 million. Imports rose 10.45 percent to $895.13 million.
  • Trade with No. 3 John F. Kennedy International Airport rose 1.32 percent to $798.23 million.
    Exports fell 14.03 percent to $169.31 million. Imports rose 6.44 percent to $628.92 million.
  • Trade with No. 4 Port of Wilmington, Dela. rose 293.34 percent to $533.49 million.
    Exports rose 11.33 percent to $6.83 million. Imports rose 306.71 percent to $526.66 million.
  • Trade with No. 5 Port of Philadelphia rose 80.42 percent to $505.65 million.
    Exports rose 222.15 percent to $13.55 million. Imports rose 78.26 percent to $492.1 million.

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. 29.

Meanwhile, total U.S. trade with the world increased to $1.71 trillion, up 0.56 percent compared to the same period last year. The nation’s exports climbed 0.12 percent to $685.55 billion; imports climbed 0.86 percent to $1.03 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 $342.77 billion, up compared to the same period of last year when the deficit was $334.82 billion.

The top five U.S. exports to Russia by value through May were the categories of Civilian aircraft, parts; Motor vehicles for transporting people; Motor vehicle parts; Misc. machinery for moving, grading; and Miscellaneous machines, parts, respectively. They accounted for 44.39 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 Nitrogenous fertilizers –– accounted for 68.43 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 33.47 percent compared to last year to $850.43 million.
  • Motor vehicles for transporting people rose 31.72 percent compared to last year to $129.75 million.
  • Motor vehicle parts fell 4.24 percent compared to last year to $105.73 million.
  • Misc. machinery for moving, grading rose 116.28 percent compared to last year to $59.3 million.
  • Miscellaneous machines, parts fell 9.43 percent compared to last year to $59.06 million.

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

  • Gasoline, other fuels fell 1.33 percent compared to last year to $3.2 billion.
  • Oil rose 262.36 percent compared to last year to $1.43 billion.
  • Unwrought platinum in various forms rose 16.78 percent compared to last year to $500.85 million.
  • Pig iron fell 14.75 percent compared to last year to $399.99 million.
  • Nitrogenous fertilizers rose 31.01 percent compared to last year to $275.03 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.