Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Current year-to-date ( YTD ) data is through May 2019.

map loading...
legend loading...

Trade Snapshot

U.S. trade increases 0.47 percent through May

U.S. trade with the world rose to $1.71 trillion through the first five months of 2019, according to a WorldCity analysis of the latest U.S. Census Bureau data.

That’s a 0.47 percent increase over the same time period last year. The nation’s exports climbed 0.12 percent to $686 billion and imports climbed 0.7 percent to $1 trillion. The overall trade deficit was $343 billion up compared to the same period last year, when the deficit was $336 billion.

Through May, 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 3.6 percent to $258 billion. Exports fell 0.42 percent to $109 billion. Imports rose 6.74 percent to $149 billion.
  • No. 2 Canada’s trade fell 1.52 percent to $254 billion. Exports fell 1.99 percent to $123 billion. Imports fell 1.06 percent to $130 billion.
  • No. 3 China’s trade fell 13.58 percent to $223 billion. Exports fell 18.78 percent to $43 billion. Imports fell 12.23 percent to $180 billion.
  • No. 4 Japan’s trade rose 3.85 percent to $92 billion. Exports rose 4.04 percent to $31 billion. Imports rose 3.75 percent to $61 billion.
  • No. 5 Germany’s trade rose 1.85 percent to $78 billion. Exports rose 3.96 percent to $26 billion. Imports rose 0.86 percent to $53 billion.

The nation’s top five trading partners through May accounted for 47.24 percent of its trade with the world.

The U.S. had trade surpluses with 125 countries and deficits with 107 through May. That compares with 128 surpluses and 104 deficits for the same period one year earlier. The top three surpluses through May of this year were with Hong Kong, $11 billion; The Netherlands, $10 billion; United Arab Emirates, $7 billion. The top three deficits were with China, $137 billion; Mexico, $40 billion; and Japan, $30 billion.

The nation’s top five exports by value through May were civilian aircraft, parts; gasoline, other fuels; oil; motor vehicles for transporting people; and motor vehicle parts in that order. Those accounted for 22.39 percent of its total outbound trade.

The value of the nation’s top five imports through May were motor vehicles for transporting people; oil; cell phones, related equipment; computers; and returned exports, without change. They accounted for 22.66 percent of all inbound shipments.

Looking more closely at U.S. exports:

  • No. 1 Civilian aircraft, parts rose 1.79 percent compared to last year, to $51 billion.
  • No. 2 Gasoline, other fuels fell 3.9 percent compared to last year, to $36 billion.
  • No. 3 Oil rose 60.12 percent compared to last year, to $25 billion.
  • No. 4 Motor vehicles for transporting people fell 3.96 percent compared to last year, to $23 billion.
  • No. 5 Motor vehicle parts fell 3.74 percent compared to last year, to $18 billion.

On the import side:

  • No. 1 Motor vehicles for transporting people rose 3.47 percent compared to last year, to $74 billion.
  • No. 2 Oil fell 14.63 percent compared to last year, to $53 billion.
  • No. 3 Cell phones, related equipment fell 10.14 percent compared to last year, to $38 billion.
  • No. 4 Computers fell 3.02 percent compared to last year, to $34 billion.
  • No. 5 Returned exports, without change rose 13.91 percent compared to last year, to $33 billion.