United Kingdom

United Kingdom ranked No. 7 in total trade value through May with a total of $46.63 billion. Exports totaled $25.12 billion and Imports totaled $21.5 billion, a surplus of $3.62 billion.

U.S. trade with United Kingdom rose to $39.69 billion through May

United Kingdom’s trade with the United States rose to $39.69 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.29 percent below its total trade during the same time period last year. U.S. exports to United Kingdom decreased 8.39 percent while U.S. imports from United Kingdom fell 12.42 percent. The U.S. surplus with United Kingdom was $3.16 billion.

Through May, 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 Hartsfield-Jackson Atlanta International Airport. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport; No. 2 Hartsfield-Jackson Atlanta International Airport; No. 3 Port of New Orleans; No. 4 Chicago O’Hare International Airport and No. 5 Port of Newark. In the current time period, the top five accounted for 35.54 percent of United Kingdom’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 8.68 percent to $6.57 billion.
    Exports rose 16.87 percent to $4.52 billion. Imports fell 5.9 percent to $2.05 billion.
  • Trade with No. 2 Port of New Orleans fell 1.99 percent to $3.42 billion.
    Exports fell 2.15 percent to $1.73 billion. Imports fell 1.82 percent to $1.69 billion.
  • Trade with No. 3 Port of Newark fell 5.97 percent to $2.46 billion.
    Exports rose 9.47 percent to $717.53 million. Imports fell 11.14 percent to $1.74 billion.
  • Trade with No. 4 Chicago O’Hare International Airport fell 26.17 percent to $2.28 billion.
    Exports fell 35.93 percent to $1.02 billion. Imports fell 15.75 percent to $1.26 billion.
  • Trade with No. 5 Hartsfield-Jackson Atlanta International Airport fell 54.65 percent to $1.85 billion.
    Exports fell 72.81 percent to $869.53 million. Imports rose 10.76 percent to $983.51 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 $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 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 May were the categories of Gold; Civilian aircraft, parts; Oil; Scrap of precious metal; and Low value shipments, respectively. They accounted for 41.6 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 37.09 percent of all inbound shipments.

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

  • Gold rose 0.25 percent compared to last year to $4.16 billion.
  • Civilian aircraft, parts fell 33.73 percent compared to last year to $2.84 billion.
  • Oil fell 0.44 percent compared to last year to $1.96 billion.
  • Scrap of precious metal rose 155.55 percent compared to last year to $804 million.
  • Low value shipments fell 9.91 percent compared to last year to $689.21 million.

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

  • Passenger vehicles fell 30.82 percent compared to last year to $2.57 billion.
  • Medicines in individual dosages rose 25.69 percent compared to last year to $1.88 billion.
  • Returned exports, without change fell 24.4 percent compared to last year to $1.63 billion.
  • Misc. aircraft parts fell 19.55 percent compared to last year to $1.06 billion.
  • Plasma, vaccines, blood rose 53.3 percent compared to last year to $834.91 million.

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.