|2||Machinery, parts for semiconductor manufacturing||$2.91 B|
|3||Computer chips||$2.79 B|
|4||Petroleum gases, other gaseous hydrocarbons||$2.21 B|
|5||Civilian aircraft, parts||$1.87 B|
|6||Motor vehicles for transporting people||$1.66 B|
|7||Frozen beef||$1.14 B|
|8||Medical instruments for surgeons, dentists, vets||$592.5 M|
|9||Acyclic alcohols||$590.92 M|
|10||Plasma, vaccines, blood||$577.66 M|
|1||Motor vehicles for transporting people||$14.38 B|
|2||Motor vehicle parts||$4.1 B|
|3||Cell phones, related equipment||$3.91 B|
|4||Computer parts||$3.8 B|
|5||Gasoline, other fuels||$3.73 B|
|6||Computer chips||$1.99 B|
|7||Plasma, vaccines, blood||$1.85 B|
|8||Unrecorded media for audio||$1.4 B|
|9||Rubber tires||$1.22 B|
|10||Refrigerators, freezers||$1.18 B|
Top Trading Ports
Total Trade: $122.32 billion
|1||Port of Los Angeles||$13,735,610,269|
|2||Port of Houston||$7,334,667,266|
|3||Dallas-Fort Worth International Airport, Texas||$7,200,288,355|
|4||San Francisco International Airport, Calif.||$6,973,623,244|
|5||Port of Savannah, Ga.||$6,211,681,471|
|6||Port of Long Beach||$5,801,914,474|
|7||Anchorage International Airport, Alaska||$5,629,544,387|
|8||Port of Newark||$5,159,726,423|
|9||Chicago O’Hare International Airport||$4,459,969,826|
|10||John F. Kennedy International Airport||$3,778,075,548|
U.S. trade with South Korea rose to $122.32 billion through November
South Korea’s trade with the United States rose to $122.32 billion through the first 11 months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.17 percent above its total trade during the same time period last year. U.S. exports to South Korea increased 1.56 percent while U.S. imports from South Korea rose 4.37 percent. The U.S. deficit with South Korea was $19.26 billion.
Through November, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Los Angeles; No. 2 Port of Houston; No. 3 Dallas-Fort Worth International Airport, Texas; No. 4 San Francisco International Airport, Calif.; and No. 5 Port of Savannah, Ga.. During the same period the previous year, the top five were No. 1 Port of Los Angeles No. 2 San Francisco International Airport, Calif. No. 3 Port of Long Beach No. 4 Dallas-Fort Worth International Airport, Texas and No. 5 Port of Houston. In the current time period, the top five accounted for 33.89 percent of South Korea’s U.S. trade.
Among those top five:
- Trade with No. 1 Port of Los Angeles fell 0.37 percent to $13.74 billion.
Exports fell 5.17 percent to $2.86 billion. Imports rose 0.97 percent to $10.87 billion.
- Trade with No. 2 Port of Houston rose 17.87 percent to $7.33 billion.
Exports rose 39.59 percent to $4.46 billion. Imports fell 5.04 percent to $2.88 billion.
- Trade with No. 3 Dallas-Fort Worth International Airport, Texas rose 5.72 percent to $7.2 billion.
Exports fell 8.17 percent to $3.45 billion. Imports rose 22.82 percent to $3.75 billion.
- Trade with No. 4 San Francisco International Airport, Calif. fell 22.54 percent to $6.97 billion.
Exports fell 26.83 percent to $2.83 billion. Imports fell 19.32 percent to $4.15 billion.
- Trade with No. 5 Port of Savannah, Ga. rose 19.87 percent to $6.21 billion.
Exports fell 5.26 percent to $748.54 million. Imports rose 24.4 percent to $5.46 billion.
South Korea ranked No. 6 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 6.
Meanwhile, total U.S. trade with the world increased to $3.81 trillion, down 1.42 percent compared to the same period last year. The nation’s exports dropped 1.32 percent to $1.51 trillion; imports dropped 1.48 percent to $2.3 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 $786.7 billion, down compared to the same period of last year when the deficit was $800.89 billion.
The top five U.S. exports to South Korea by value through November were the categories of Oil; Machinery, parts for semiconductor manufacturing; Computer chips; Petroleum gases, other gaseous hydrocarbons; and Civilian aircraft, parts, respectively. They accounted for 35.56 percent of total exports to South Korea.
The value of the top five categories of U.S. imports from South Korea –– Motor vehicles for transporting people; Motor vehicle parts; Cell phones, related equipment; Computer parts; and Gasoline, other fuels –– accounted for 42.25 percent of all inbound shipments.
Looking more closely at U.S. exports to South Korea:
- Oil rose 85.67 percent compared to last year to $8.53 billion.
- Machinery, parts for semiconductor manufacturing fell 30.49 percent compared to last year to $2.91 billion.
- Computer chips fell 5.66 percent compared to last year to $2.79 billion.
- Petroleum gases, other gaseous hydrocarbons fell 15.57 percent compared to last year to $2.21 billion.
- Civilian aircraft, parts fell 26.1 percent compared to last year to $1.87 billion.
Looking more closely at U.S. imports from South Korea:
- Motor vehicles for transporting people rose 15.59 percent compared to last year to $14.38 billion.
- Motor vehicle parts rose 7.9 percent compared to last year to $4.1 billion.
- Cell phones, related equipment fell 14.64 percent compared to last year to $3.91 billion.
- Computer parts fell 8.31 percent compared to last year to $3.8 billion.
- Gasoline, other fuels rose 28.89 percent compared to last year to $3.73 billion.
In the latest annual figures available, South Korea recorded $119.44 billion in trade with the United States. At year’s end, its were Los Angeles; San Francisco; Atlanta/Savannah; New York City; and Dallas. Total U.S. exports to South Korea were $ 48.28 billion and imports from South Korea were $71.16 billion. The U.S. deficit with South Korea was $22.89 billion.