Top US Trading Partners
Total YTD: $1.69 trillion
U.S. trade increases 6.38 percent through August
U.S. trade with the world rose to $2.54 trillion through the first eight months of 2017, according to a WorldCity analysis of the latest U.S. Census Bureau data.
That’s a 6.38 percent increase over the same time period last year. The nation’s exports climbed 6.18 percent to $1.01 trillion and imports climbed 6.52 percent to $1.53 trillion. The overall trade deficit was $520.3 billion up compared to the same period last year, when the deficit was $485.45 billion.
Through August, 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 9.54 percent to $399.54 billion. Exports rose 14.96 percent to $80.21 billion. Imports rose 8.25 percent to $319.33 billion.
- No. 2 Canada’s trade rose 6.52 percent to $384.23 billion. Exports rose 4.54 percent to $186 billion. Imports rose 8.45 percent to $198.23 billion.
- No. 3 Mexico’s trade rose 5.85 percent to $366.19 billion. Exports rose 4.73 percent to $159.4 billion. Imports rose 6.72 percent to $206.79 billion.
- No. 4 Japan’s trade rose 5.31 percent to $134.1 billion. Exports rose 7.63 percent to $43.9 billion. Imports rose 4.21 percent to $90.2 billion.
- No. 5 Germany’s trade rose 2.02 percent to $111.16 billion. Exports rose 6.84 percent to $34.76 billion. Imports fell 0.03 percent to $76.4 billion.
The nation’s top five trading partners through August accounted for 45.03 percent of its trade with the world.
The U.S. had trade surpluses with 131 countries and deficits with 102 through August. That compares with 129 surpluses and 104 deficits for the same period one year earlier. The top three surpluses through August of this year were with Hong Kong, $21.12 billion; The Netherlands, $17 billion; Belgium, $10.18 billion. The top three deficits were with China, $239.12 billion; Mexico, $47.39 billion; and Japan, $46.3 billion.
Top US Exports
Top 10 Total YTD: $311.29 billion
|1||Civilian aircraft, parts||$78,283,112,508|
|2||Gasoline, other fuels||$50,036,280,182|
|3||Motor vehicles for transporting people||$35,459,726,667|
|4||Motor vehicle parts||$30,012,421,052|
|6||Low value shipments||$22,673,815,046|
|7||Cell phones, related equipment||$22,138,409,773|
|8||Medical instruments for surgeons, dentists, vets||$17,464,667,741|
|10||Medicines in individual dosages||$14,228,604,134|
January – August 2017
Top US Imports
Top 10 Total YTD: $524.37 billion
|1||Motor vehicles for transporting people||$116,146,350,723|
|3||Cell phones, related equipment||$66,572,713,469|
|5||Motor vehicle parts||$43,592,822,767|
|6||Exports returned, without change||$43,320,079,791|
|7||Medicines in individual dosages||$42,772,213,550|
|8||Gasoline, other fuels||$30,131,620,829|
The nation’s top five exports by value through August were civilian aircraft, parts; gasoline, other fuels; motor vehicles for transporting people; motor vehicle parts; and computer chips in that order. Those accounted for 21.67 percent of its total outbound trade.
The value of the nation’s top five imports through August were, motor vehicles for transporting people; oil; cell phones, related equipment; computers; and motor vehicle parts. They accounted for 24.11 percent of all inbound shipments.
Looking more closely at U.S. exports:
- No. 1 Civilian aircraft, parts rose 0.64 percent compared to last year to $78.28 billion.
- No. 2 Gasoline, other fuels rose 19.54 percent compared to last year to $50.04 billion.
- No. 3 Motor vehicles for transporting people fell 0.96 percent compared to last year to $35.46 billion.
- No. 4 Motor vehicle parts rose 6 percent compared to last year to $30.01 billion.
- No. 5 Computer chips rose 6.23 percent compared to last year to $24.88 billion.
On the import side:
- No. 1 Motor vehicles for transporting people rose 5.03 percent compared to last year to $116.15 billion.
- No. 2 Oil rose 40.26 percent compared to last year to $89.23 billion.
- No. 3 Cell phones, related equipment rose 6.45 percent compared to last year to $66.57 billion.
- No. 4 Computers rose 7.07 percent compared to last year to $53.21 billion.
- No. 5 Motor vehicle parts rose 0.1 percent compared to last year to $43.59 billion.
Through August 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 Chicago . 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 8.72 percent to $281.28 billion.
Exports rose 11.13 percent to $85.99 billion. Imports rose 7.7 percent to $195.29 billion.
- Trade with No. 2 New York City rose 1.08 percent to $236.52 billion.
Exports fell 0.4 percent to $88.92 billion. Imports rose 1.99 percent to $147.6 billion.
- Trade with No. 3 Laredo rose 7.34 percent to $200.35 billion.
Exports rose 6.71 percent to $83.28 billion. Imports rose 7.78 percent to $117.08 billion.
- Trade with No. 4 Detroit rose 6.77 percent to $175.77 billion.
Exports rose 8.97 percent to $86.07 billion. Imports rose 4.75 percent to $89.69 billion.
- Trade with No. 5 Chicago rose 10.04 percent to $140.1 billion.
Exports rose 4.41 percent to $30.98 billion. Imports rose 11.75 percent to $109.12 billion.
The nation’s top five Customs districts through August accounted for 40.74 percent of U.S. trade with the world.
Among U.S. Customs districts, 12 registered surpluses and 34 registered deficits through August. That compares with 12 surpluses and 34 deficits for the same period one year earlier. The top three surpluses through August of this year were with Houston, $14.89 billion, Seattle $6.95 billion, and Miami $6.82 billion. The top three deficits were with Los Angeles, $109.29 billion, Chicago $78.14 billion, and New York City $58.67 billion.