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Current year-to-date ( YTD ) data is through June 2019.

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Trade Snapshot

U.S. trade decreases 0.21 percent through June

U.S. trade with the world rose to $2.06 trillion through the first six months of 2019, according to a WorldCity analysis of the latest U.S. Census Bureau data.

That’s a 0.21 percent decrease since the same time period last year. The nation’s exports dropped 0.75 percent to $824 billion and imports climbed 0.15 percent to $1 trillion. The overall trade deficit was $412 billion up compared to the same period last year, when the deficit was $404 billion.

Through June, the nation’s top trade partners were No. 1 Mexico, No. 2 Canada, No. 3 China, 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 Mexico’s trade rose 2.75 percent to $309 billion. Exports fell 1.53 percent to $129 billion. Imports rose 6.08 percent to $180 billion.
  • No. 2 Canada’s trade fell 1.8 percent to $306 billion. Exports fell 2.5 percent to $148 billion. Imports fell 1.14 percent to $158 billion.
  • No. 3 China’s trade fell 13.61 percent to $271 billion. Exports fell 18.77 percent to $52 billion. Imports fell 12.29 percent to $219 billion.
  • No. 4 Japan’s trade rose 3.55 percent to $110 billion. Exports rose 3.29 percent to $37 billion. Imports rose 3.68 percent to $73 billion.
  • No. 5 Germany’s trade rose 1.01 percent to $93 billion. Exports rose 3.4 percent to $30 billion. Imports fell 0.11 percent to $62 billion.

The nation’s top five trading partners through June accounted for 47.14 percent of its trade with the world.

The U.S. had trade surpluses with 128 countries and deficits with 104 through June. That compares with 126 surpluses and 106 deficits for the same period one year earlier. The top three surpluses through June of this year were with Hong Kong, $14 billion; The Netherlands, $12 billion; United Arab Emirates, $8 billion. The top three deficits were with China, $167 billion; Mexico, $50 billion; and Japan, $36 billion.

The nation’s top five exports by value through June were civilian aircraft, parts; gasoline, other fuels; oil; motor vehicles for transporting people; and motor vehicle parts in that order. Those accounted for 22.53 percent of its total outbound trade.

The value of the nation’s top five imports through June were motor vehicles for transporting people; oil; cell phones, related equipment; computers; and returned exports, without change. They accounted for 23 percent of all inbound shipments.

Looking more closely at U.S. exports:

  • No. 1 Civilian aircraft, parts fell 0.1 percent compared to last year, to $62 billion.
  • No. 2 Gasoline, other fuels fell 5.51 percent compared to last year, to $43 billion.
  • No. 3 Oil rose 53.07 percent compared to last year, to $31 billion.
  • No. 4 Motor vehicles for transporting people fell 1.85 percent compared to last year, to $27 billion.
  • No. 5 Motor vehicle parts fell 3.68 percent compared to last year, to $22 billion.

On the import side:

  • No. 1 Motor vehicles for transporting people rose 4.52 percent compared to last year, to $90 billion.
  • No. 2 Oil fell 15.34 percent compared to last year, to $65 billion.
  • No. 3 Cell phones, related equipment fell 11.34 percent compared to last year, to $45 billion.
  • No. 4 Computers fell 0.97 percent compared to last year, to $43 billion.
  • No. 5 Returned exports, without change rose 16.76 percent compared to last year, to $41 billion.