|2||Machinery, parts for semiconductor manufacturing||$790.12 M|
|3||Computer chips||$728.96 M|
|4||Civilian aircraft, parts||$518.57 M|
|5||Petroleum gases, other gaseous hydrocarbons||$466.42 M|
|6||Motor vehicles for transporting people||$418.97 M|
|7||Frozen beef||$274.98 M|
|9||Medical instruments for surgeons, dentists, vets||$161.55 M|
|10||Aircraft engines, engine parts||$156.01 M|
|1||Motor vehicles for transporting people||$3.72 B|
|2||Cell phones, related equipment||$1.63 B|
|3||Computer parts||$1.27 B|
|4||Motor vehicle parts||$1.12 B|
|5||Gasoline, other fuels||$922.99 M|
|6||Plasma, vaccines, blood||$667.12 M|
|7||Computer chips||$549.44 M|
|8||Rubber tires||$350.83 M|
|9||Electric storage batteries||$328.87 M|
|10||Refrigerators, freezers||$255.15 M|
Top Trading Ports
Total Trade: $33.39 billion
|1||Port of Los Angeles||$3,887,448,269|
|2||Dallas-Fort Worth International Airport, Texas||$2,532,182,421|
|3||San Francisco International Airport, Calif.||$2,220,952,999|
|4||Port of Houston||$1,676,613,633|
|5||Port of Savannah, Ga.||$1,628,317,705|
|6||Port of Long Beach||$1,505,320,962|
|7||Port of Newark||$1,498,225,435|
|8||Anchorage International Airport, Alaska||$1,296,393,612|
|9||Chicago O’Hare International Airport||$1,194,688,462|
|10||John F. Kennedy International Airport||$1,018,279,314|
U.S. trade with South Korea rose to $33.39 billion through March
South Korea’s trade with the United States rose to $33.39 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 11.79 percent above its total trade during the same time period last year. South Korea’s exports increased 3.33 percent while imports rose 18.37 percent. The U.S. deficit with South Korea was $6.38 billion.
Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Los Angeles; No. 2 Dallas-Fort Worth International Airport, Texas; No. 3 San Francisco International Airport, Calif.; No. 4 Port of Houston; 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 Dallas-Fort Worth International Airport, Texas No. 4 Port of Long Beach and No. 5 Port of Houston. In the current time period, the top five accounted for 35.78 percent of South Korea’s U.S. trade.
Among those top five:
- Trade with No. 1 Port of Los Angeles rose 13.58 percent to $3.89 billion.
Exports rose 40.6 percent to $959.27 million. Imports rose 6.85 percent to $2.93 billion.
- Trade with No. 2 Dallas-Fort Worth International Airport, Texas rose 20.7 percent to $2.53 billion.
Exports fell 22.89 percent to $897.06 million. Imports rose 74.96 percent to $1.64 billion.
- Trade with No. 3 San Francisco International Airport, Calif. fell 4.22 percent to $2.22 billion.
Exports fell 44.1 percent to $791.82 million. Imports rose 58.39 percent to $1.43 billion.
- Trade with No. 4 Port of Houston rose 20.79 percent to $1.68 billion.
Exports rose 104.85 percent to $908.78 million. Imports fell 18.7 percent to $767.83 million.
- Trade with No. 5 Port of Savannah, Ga. rose 36.2 percent to $1.63 billion.
Exports fell 5.06 percent to $203.96 million. Imports rose 45.24 percent to $1.42 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. 7.
Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.
The top five U.S. exports to South Korea by value through March were the categories of Oil; Machinery, parts for semiconductor manufacturing; Computer chips; Civilian aircraft, parts; and Petroleum gases, other gaseous hydrocarbons, respectively. They accounted for 31.72 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; Cell phones, related equipment; Computer parts; Motor vehicle parts; and Gasoline, other fuels –– accounted for 43.58 percent of all inbound shipments.
Looking more closely at U.S. exports to South Korea:
- Oil rose 321.19 percent compared to last year to $1.78 billion.
- Machinery, parts for semiconductor manufacturing fell 52.86 percent compared to last year to $790.12 million.
- Computer chips fell 13.91 percent compared to last year to $728.96 million.
- Civilian aircraft, parts fell 36.17 percent compared to last year to $518.57 million.
- Petroleum gases, other gaseous hydrocarbons fell 14.77 percent compared to last year to $466.42 million.
Looking more closely at U.S. imports from South Korea:
- Motor vehicles for transporting people rose 9.95 percent compared to last year to $3.72 billion.
- Cell phones, related equipment rose 30.49 percent compared to last year to $1.63 billion.
- Computer parts rose 84.48 percent compared to last year to $1.27 billion.
- Motor vehicle parts rose 28.15 percent compared to last year to $1.12 billion.
- Gasoline, other fuels rose 105.3 percent compared to last year to $922.99 million.
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.