January – December 2016

Top US Trading Partners

Total YTD: $2.44 trillion

RankCountryTotal YTD
1China $578,588,122,738
2Canada $544,027,417,591
3Mexico $525,110,140,134
4Japan $195,466,084,802
5Germany $163,589,409,780
6South Korea $112,198,689,809
7United Kingdom $109,722,166,637
8France $77,705,770,955
9India $67,687,397,371
10Taiwan $65,357,816,840

U.S. trade decreases 2.76 percent through December

U.S. trade with the world rose to $3.64 trillion in 2016, according to a WorldCity analysis of the latest U.S. Census Bureau data.

That’s a 2.76 percent decrease since the previous year. The nation’s exports dropped 3.38 percent to $1.45 trillion and imports dropped 2.34 percent to $2.19 trillion. The overall trade deficit was $735.46 billion down compared to the same period last year, when the deficit was $737.07 billion.

Through December, the nation’s top trade partners were No. 1 China, No. 2 Canada, No. 3 Mexico, No. 4 Japan and No. 5 Germany. The previous 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 fell 3.26 percent to $578.59 billion. Exports fell 0.35 percent to $115.78 billion. Imports fell 3.96 percent to $462.81 billion.
  • No. 2 Canada’s trade fell 5.42 percent to $544.03 billion. Exports fell 5.02 percent to $265.96 billion. Imports fell 5.8 percent to $278.07 billion.
  • No. 3 Mexico’s trade fell 1.13 percent to $525.11 billion. Exports fell 2.29 percent to $230.96 billion. Imports fell 0.2 percent to $294.15 billion.
  • No. 4 Japan’s trade rose 0.97 percent to $195.47 billion. Exports rose 1.27 percent to $63.26 billion. Imports rose 0.83 percent to $132.2 billion.
  • No. 5 Germany’s trade fell 6.03 percent to $163.59 billion. Exports fell 1.17 percent to $49.36 billion. Imports fell 7.98 percent to $114.23 billion.

The nation’s top five trading partners through December accounted for 44.91 percent of its trade with the world.

The U.S. had trade surpluses with 133 countries and deficits with 101 through December. That compares with 132 surpluses and 102 deficits for the same period one year earlier. The top three surpluses through December of this year were with Hong Kong, $27.52 billion; The Netherlands, $24.23 billion; United Arab Emirates, $19.03 billion. The top three deficits were with China, $347.04 billion; Japan, $68.94 billion; and Germany, $64.87 billion.

January – December 2016

Top US Exports

Top 10 Total YTD: $457.23 billion

RankCommodityTotal YTD
1Civilian aircraft and parts $120,784,293,905
2Gasoline, other fuels $64,060,949,502
3Motor vehicles for transporting people $53,807,477,416
4Motor vehicle parts $42,833,167,467
5Computer chips $35,139,418,244
6Landline, cellular phone equipment $33,838,955,703
7Low value shipments $33,110,520,081
8Medical instruments for surgeons, dentists, vets $26,426,548,276
9Computers $24,313,545,250
10Soybeans $22,912,858,376

January – December 2016

Top US Imports

Top 10 Total YTD: $744.85 billion

RankCommodityTotal YTD
1Motor vehicles for transporting people $171,379,878,407
2Landline, cellular phone equipment $103,965,741,756
3Oil $101,847,701,876
4Computers $76,797,156,090
5Medicine $67,182,071,094
6Motor vehicle parts $65,061,316,673
7Imports of returned exports $63,668,091,514
8Gasoline, other fuels $39,271,870,316
9Computer chips $30,647,553,942
10Commercial vehicles $25,028,996,452

The nation’s top five exports by value through December 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 21.78 percent of its total outbound trade.

The value of the nation’s top five imports through December were, motor vehicles for transporting people; landline, cellular phone equipment; oil; computers; and medicine. They accounted for 23.81 percent of all inbound shipments.

Looking more closely at U.S. exports:

  • No. 1 Civilian aircraft and parts rose 1.57 percent compared to last year to $120.78 billion.
  • No. 2 Gasoline, other fuels fell 14.25 percent compared to last year to $64.06 billion.
  • No. 3 Motor vehicles for transporting people fell 2.78 percent compared to last year to $53.81 billion.
  • No. 4 Motor vehicle parts fell 2.37 percent compared to last year to $42.83 billion.
  • No. 5 Computer chips rose 4.98 percent compared to last year to $35.14 billion.

On the import side:

  • No. 1 Motor vehicles for transporting people rose 2.5 percent compared to last year to $171.38 billion.
  • No. 2 Landline, cellular phone equipment rose 2.45 percent compared to last year to $103.97 billion.
  • No. 3 Oil fell 19.21 percent compared to last year to $101.85 billion.
  • No. 4 Computers fell 4.48 percent compared to last year to $76.8 billion.
  • No. 5 Medicine rose 4.95 percent compared to last year to $67.18 billion.

Through December 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 1.11 percent to $398.13 billion.
    Exports rose 3.92 percent to $118.74 billion. Imports fell 0.04 percent to $279.38 billion.
  • Trade with No.2 New York City fell 3.52 percent to $356.93 billion.
    Exports fell 4.93 percent to $136.67 billion. Imports fell 2.61 percent to $220.26 billion.
  • Trade with No.3 Laredo fell 0.41 percent to $283.18 billion.
    Exports fell 2.71 percent to $118.34 billion. Imports rose 1.32 percent to $164.84 billion.
  • Trade with No.4 Detroit rose 1.24 percent to $247.19 billion.
    Exports fell 1.35 percent to $118.04 billion. Imports rose 3.74 percent to $129.14 billion.
  • Trade with No.5 Chicago fell 1.54 percent to $198.48 billion.
    Exports fell 1.9 percent to $45.77 billion. Imports fell 1.43 percent to $152.71 billion.

The nation’s top five Customs districts through December accounted for 40.73 percent of U.S. trade with the world.

Among U.S. Customs districts, 12 registered surpluses and 34 registered deficits through December. That compares with 11 surpluses and 35 deficits for the same period one year earlier. The top three surpluses through December of this year were with Houston, $23.14 billion, Seattle $18.08 billion, and Miami $7.76 billion. The top three deficits were with Los Angeles, $160.64 billion, Chicago $106.94 billion, and New York City $83.58 billion.