Top US Trading Partners
Total YTD: $392.53 billion
U.S. trade increases 6.44 percent through February
U.S. trade with the world rose to $592.18 billion through the first two months of 2017, according to a WorldCity analysis of the latest U.S. Census Bureau data.
That’s a 6.44 percent increase over the same time period last year. The nation’s exports climbed 6.68 percent to $237.05 billion and imports climbed 6.28 percent to $355.13 billion. The overall trade deficit was $118.08 billion up compared to the same period last year, when the deficit was $111.94 billion.
Through February, the nation’s top trade partners were No. 1 China, No. 2 Canada, No. 3 Mexico, No. 4 Japan and No. 5 Germany. The same time period last year, the top five spots were held by No. 1 China, No. 2 Canada, No. 3 Mexico, No. 4 Japan and No. 5 Germany, respectively.
Taking a closer look at the leading U.S. trade partners:
- No. 1 China’s trade rose 4.96 percent to $94.01 billion. Exports rose 22.19 percent to $19.87 billion. Imports rose 1.14 percent to $74.14 billion.
- No. 2 Canada’s trade rose 5.65 percent to $89.36 billion. Exports rose 2.99 percent to $41.81 billion. Imports rose 8.11 percent to $47.55 billion.
- No. 3 Mexico’s trade rose 3.89 percent to $85.07 billion. Exports rose 3.83 percent to $37.68 billion. Imports rose 3.95 percent to $47.39 billion.
- No. 4 Japan’s trade rose 3.48 percent to $30.61 billion. Exports rose 5.72 percent to $10.23 billion. Imports rose 2.38 percent to $20.38 billion.
- No. 5 Germany’s trade rose 3.05 percent to $25.58 billion. Exports rose 3.12 percent to $8.13 billion. Imports rose 3.02 percent to $17.45 billion.
The nation’s top five trading partners through February accounted for 45.18 percent of its trade with the world.
The U.S. had trade surpluses with 122 countries and deficits with 111 through February. That compares with 127 surpluses and 106 deficits for the same period one year earlier. The top three surpluses through February of this year were with Hong Kong, $6.73 billion; The Netherlands, $3.89 billion; Belgium, $2.39 billion. The top three deficits were with China, $54.27 billion; Japan, $10.14 billion; and Mexico, $9.71 billion.
Top US Exports
Top 10 Total YTD: $72.15 billion
|1||Civilian aircraft and parts||$16,420,443,724|
|2||Gasoline, other fuels||$11,953,811,649|
|3||Motor vehicles for transporting people||$7,990,473,551|
|4||Motor vehicle parts||$7,057,582,588|
|6||Low value shipments||$5,028,081,772|
|7||Landline, cellular phone equipment||$4,996,736,661|
|9||Medical instruments for surgeons, dentists, vets||$4,035,165,296|
January – February 2017
Top US Imports
Top 10 Total YTD: $122.83 billion
|1||Motor vehicles for transporting people||$26,784,494,065|
|3||Landline, cellular phone equipment||$15,056,725,927|
|6||Motor vehicle parts||$10,192,437,662|
|7||Imports of returned exports||$9,921,051,784|
|8||Gasoline, other fuels||$7,465,555,550|
The nation’s top five exports by value through February were civilian aircraft and parts; gasoline, other fuels; motor vehicles for transporting people; motor vehicle parts; and computer chips in that order. Those accounted for 20.79 percent of its total outbound trade.
The value of the nation’s top five imports through February were, motor vehicles for transporting people; oil; landline, cellular phone equipment; medicine; and computers. They accounted for 24.14 percent of all inbound shipments.
Looking more closely at U.S. exports:
- No. 1 Civilian aircraft and parts rose 1.45 percent compared to last year to $16.42 billion.
- No. 2 Gasoline, other fuels rose 28.78 percent compared to last year to $11.95 billion.
- No. 3 Motor vehicles for transporting people rose 11.69 percent compared to last year to $7.99 billion.
- No. 4 Motor vehicle parts fell 1.64 percent compared to last year to $7.06 billion.
- No. 5 Computer chips rose 11.15 percent compared to last year to $5.87 billion.
On the import side:
- No. 1 Motor vehicles for transporting people rose 3.35 percent compared to last year to $26.78 billion.
- No. 2 Oil rose 68.21 percent compared to last year to $22.15 billion.
- No. 3 Landline, cellular phone equipment rose 10.59 percent compared to last year to $15.06 billion.
- No. 4 Medicine rose 3.21 percent compared to last year to $11 billion.
- No. 5 Computers fell 3.08 percent compared to last year to $10.74 billion.
Through February the nation’s top five Custom’s Districts were No. 1 Los Angeles, No. 2 New York City, No. 3 Laredo, No. 4 Detroit and No. 5 New Orleans . The same time period last year the top five spots were No. 1 Los Angeles, No. 2 New York City, No. 3 Laredo, No. 4 Detroit and No. 5 Chicago, respectively
Taking a closer look at the leading U.S. Customs districts:
- Trade with No.1 Los Angeles rose 2.65 percent to $63.72 billion.
Exports rose 12.86 percent to $20.24 billion. Imports fell 1.5 percent to $43.49 billion.
- Trade with No.2 New York City rose 4.82 percent to $56.57 billion.
Exports rose 3.09 percent to $22.05 billion. Imports rose 5.96 percent to $34.52 billion.
- Trade with No.3 Laredo rose 5.53 percent to $46.56 billion.
Exports rose 4.53 percent to $19.52 billion. Imports rose 6.27 percent to $27.04 billion.
- Trade with No.4 Detroit rose 6.35 percent to $41.72 billion.
Exports rose 7.42 percent to $20.02 billion. Imports rose 5.38 percent to $21.7 billion.
- Trade with No.5 New Orleans rose 18.88 percent to $33.98 billion.
Exports rose 19.2 percent to $14.99 billion. Imports rose 18.62 percent to $18.99 billion.
The nation’s top five Customs districts through February accounted for 40.96 percent of U.S. trade with the world.
Among U.S. Customs districts, 14 registered surpluses and 32 registered deficits through February. That compares with 14 surpluses and 32 deficits for the same period one year earlier. The top three surpluses through February of this year were with Houston, $4.69 billion, Seattle $840.67 million, and Miami $1.21 billion. The top three deficits were with Los Angeles, $23.25 billion, Chicago $17.47 billion, and New York City $12.47 billion.