United Kingdom

United Kingdom ranked No. 7 in total trade value through July with a total of $62.51 billion. Exports totaled $33.77 billion and Imports totaled $28.74 billion, a surplus of $5.03 billion.

U.S. trade with United Kingdom rose to $62.51 billion through July

United Kingdom’s trade with the United States rose to $62.51 billion through the first seven months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 17.81 percent below its total trade during the same time period last year. U.S. exports to United Kingdom decreased 14.4 percent while U.S. imports from United Kingdom fell 21.49 percent. The U.S. surplus with United Kingdom was $5.03 billion.

Through July, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of New Orleans; No. 3 Port of Newark; No. 4 Chicago O’Hare International Airport; and No. 5 Salt Lake City International Airport, Utah. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport; No. 2 Port of New Orleans; No. 3 Hartsfield-Jackson Atlanta International Airport; No. 4 Chicago O’Hare International Airport and No. 5 Port of Newark. In the current time period, the top five accounted for 36.38 percent of United Kingdom’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 1.09 percent to $8.65 billion.
    Exports rose 4.7 percent to $5.87 billion. Imports fell 5.78 percent to $2.77 billion.
  • Trade with No. 2 Port of New Orleans fell 13.21 percent to $4.42 billion.
    Exports fell 17.95 percent to $2.15 billion. Imports fell 8.2 percent to $2.27 billion.
  • Trade with No. 3 Port of Newark fell 4.65 percent to $3.52 billion.
    Exports rose 11.92 percent to $991.32 million. Imports fell 9.88 percent to $2.53 billion.
  • Trade with No. 4 Chicago O’Hare International Airport fell 23.59 percent to $3.34 billion.
    Exports fell 34.08 percent to $1.49 billion. Imports fell 12.44 percent to $1.86 billion.
  • Trade with No. 5 Salt Lake City International Airport, Utah rose 47.48 percent to $2.81 billion.
    Exports rose 48 percent to $2.8 billion. Imports fell 54.13 percent to $4.49 million.

United Kingdom ranked No. 7 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 $2.08 trillion, down 49.83 percent compared to the same period last year. The nation’s exports dropped 51.38 percent to $799.82 billion; imports dropped 48.81 percent to $1.28 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 $479.12 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to United Kingdom by value through July were the categories of Gold; Civilian aircraft, parts; Oil; Scrap of precious metal; and Medicines in individual dosages, respectively. They accounted for 41.53 percent of total exports to United Kingdom.

The value of the top five categories of U.S. imports from United Kingdom –– Passenger vehicles; Medicines in individual dosages; Returned exports, without change; Misc. aircraft parts; and Plasma, vaccines, blood –– accounted for 35.36 percent of all inbound shipments.

Looking more closely at U.S. exports to United Kingdom:

  • Gold fell 2.88 percent compared to last year to $5.54 billion.
  • Civilian aircraft, parts fell 33.62 percent compared to last year to $3.94 billion.
  • Oil fell 6.55 percent compared to last year to $2.46 billion.
  • Scrap of precious metal rose 136.26 percent compared to last year to $1.05 billion.
  • Medicines in individual dosages fell 29.24 percent compared to last year to $1.04 billion.

Looking more closely at U.S. imports from United Kingdom:

  • Passenger vehicles fell 43.75 percent compared to last year to $2.98 billion.
  • Medicines in individual dosages rose 14.46 percent compared to last year to $2.43 billion.
  • Returned exports, without change fell 28.13 percent compared to last year to $2.17 billion.
  • Misc. aircraft parts fell 24.49 percent compared to last year to $1.4 billion.
  • Plasma, vaccines, blood rose 32.35 percent compared to last year to $1.18 billion.

In the latest annual figures available, United Kingdom recorded $132.34 billion in trade with the United States. Total U.S. exports to United Kingdom were $ 69.16 billion and imports from United Kingdom were $63.19 billion. The U.S. surplus with United Kingdom was $5.97 billion.