January – March 2017

Top US Trading Partners

Total YTD: $610.41 billion

RankCountryTotal YTD
1Canada $140,575,416,114
2China $137,839,980,393
3Mexico $134,148,074,484
4Japan $49,453,426,109
5Germany $40,476,060,190
6South Korea $28,735,528,247
7United Kingdom $26,004,177,797
8France $19,698,963,851
9India $17,165,464,920
10Taiwan $16,316,214,098

U.S. trade increases 7.24 percent through March

U.S. trade with the world rose to $922.69 billion through the first three months of 2017, according to a WorldCity analysis of the latest U.S. Census Bureau data.

That’s a 7.24 percent increase over the same time period last year. The nation’s exports climbed 7.2 percent to $372.7 billion and imports climbed 7.27 percent to $549.99 billion. The overall trade deficit was $177.29 billion up compared to the same period last year, when the deficit was $165.06 billion.

Through March, the nation’s top trade partners were No. 1 Canada, No. 2 China, 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 Canada, No. 2 China, No. 3 Mexico, No. 4 Japan and No. 5 Germany, respectively.

Taking a closer look at the leading U.S. trade partners:

  • No. 1 Canada’s trade rose 7.34 percent to $140.58 billion. Exports rose 4.72 percent to $66.74 billion. Imports rose 9.83 percent to $73.84 billion.
  • No. 2 China’s trade rose 7.38 percent to $137.84 billion. Exports rose 16.98 percent to $29.5 billion. Imports rose 5.03 percent to $108.34 billion.
  • No. 3 Mexico’s trade rose 6.49 percent to $134.15 billion. Exports rose 5.52 percent to $58.7 billion. Imports rose 7.26 percent to $75.45 billion.
  • No. 4 Japan’s trade rose 5.1 percent to $49.45 billion. Exports rose 6.48 percent to $16.03 billion. Imports rose 4.45 percent to $33.42 billion.
  • No. 5 Germany’s trade rose 1.03 percent to $40.48 billion. Exports rose 5.25 percent to $12.95 billion. Imports fell 0.85 percent to $27.52 billion.

The nation’s top five trading partners through March accounted for 45.54 percent of its trade with the world.

The U.S. had trade surpluses with 132 countries and deficits with 101 through March. That compares with 132 surpluses and 101 deficits for the same period one year earlier. The top three surpluses through March of this year were with Hong Kong, $9.52 billion; The Netherlands, $6.09 billion; United Arab Emirates, $3.94 billion. The top three deficits were with China, $78.85 billion; Japan, $17.38 billion; and Mexico, $16.74 billion.

January – March 2017

Top US Exports

Top 10 Total YTD: $111.77 billion

RankCommodityTotal YTD
1Civilian aircraft, parts $26,859,245,332
2Gasoline, other fuels $17,604,577,764
3Motor vehicles for transporting people $12,872,288,812
4Motor vehicle parts $11,019,172,697
5Computer chips $9,085,761,455
6Low value shipments $8,024,928,017
7Cell phones, related equipment $7,950,158,654
8Medical instruments for surgeons, dentists, vets $6,450,273,387
9Soybeans $6,097,366,443
10Computers $5,806,359,897

January – March 2017

Top US Imports

Top 10 Total YTD: $191.66 billion

RankCommodityTotal YTD
1Motor vehicles for transporting people $42,797,678,412
2Oil $34,235,285,983
3Cell phones, related equipment $23,518,234,987
4Medicine $16,720,873,807
5Computers $16,711,698,109
6Motor vehicle parts $16,265,237,425
7Exports returned, without change $15,358,837,229
8Gasoline, other fuels $11,083,225,649
9Computer chips $8,253,391,510
10Commercial vehicles $6,711,234,339

The nation’s top five exports by value through March were civilian aircraft, parts; gasoline, other fuels; motor vehicles for transporting people; motor vehicle parts; and computer chips in that order. Those accounted for 20.78 percent of its total outbound trade.

The value of the nation’s top five imports through March were, motor vehicles for transporting people; oil; cell phones, related equipment; medicine; and computers. They accounted for 24.36 percent of all inbound shipments.

Looking more closely at U.S. exports:

  • No. 1 Civilian aircraft, parts fell 1.7 percent compared to last year to $26.86 billion.
  • No. 2 Gasoline, other fuels rose 23.76 percent compared to last year to $17.6 billion.
  • No. 3 Motor vehicles for transporting people rose 6.34 percent compared to last year to $12.87 billion.
  • No. 4 Motor vehicle parts rose 1.97 percent compared to last year to $11.02 billion.
  • No. 5 Computer chips rose 6.12 percent compared to last year to $9.09 billion.

On the import side:

  • No. 1 Motor vehicles for transporting people rose 4.77 percent compared to last year to $42.8 billion.
  • No. 2 Oil rose 71.82 percent compared to last year to $34.24 billion.
  • No. 3 Cell phones, related equipment rose 6.02 percent compared to last year to $23.52 billion.
  • No. 4 Medicine fell 4.17 percent compared to last year to $16.72 billion.
  • No. 5 Computers fell 1.99 percent compared to last year to $16.71 billion.

Through March 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 7.76 percent to $98.03 billion.
    Exports rose 15.05 percent to $31.65 billion. Imports rose 4.6 percent to $66.38 billion.
  • Trade with No.2 New York City rose 2.4 percent to $86.44 billion.
    Exports rose 2.39 percent to $34.43 billion. Imports rose 2.4 percent to $52 billion.
  • Trade with No.3 Laredo rose 8.55 percent to $73.41 billion.
    Exports rose 7.5 percent to $30.58 billion. Imports rose 9.31 percent to $42.84 billion.
  • Trade with No.4 Detroit rose 6.78 percent to $65.15 billion.
    Exports rose 9.13 percent to $31.75 billion. Imports rose 4.63 percent to $33.39 billion.
  • Trade with No.5 New Orleans rose 19.55 percent to $53.01 billion.
    Exports rose 22.87 percent to $23.21 billion. Imports rose 17.08 percent to $29.8 billion.

The nation’s top five Customs districts through March accounted for 40.75 percent of U.S. trade with the world.

Among U.S. Customs districts, 12 registered surpluses and 34 registered deficits through March. That compares with 13 surpluses and 33 deficits for the same period one year earlier. The top three surpluses through March of this year were with Houston, $6.71 billion, Seattle $2.27 billion, and Miami $2.45 billion. The top three deficits were with Los Angeles, $34.73 billion, Chicago $25.86 billion, and New York City $17.57 billion.