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

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Trade Snapshot

U.S. trade increases 0.49 percent through March

U.S. trade with the world rose to $1.01 trillion through the first three months of 2019, according to a WorldCity analysis of the latest U.S. Census Bureau data.

That’s a 0.49 percent increase over the same time period last year. The nation’s exports climbed 1.42 percent to $408 billion and imports dropped 0.13 percent to $598 billion. The overall trade deficit was $190 billion down compared to the same period last year, when the deficit was $197 billion.

Through March, 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 3.06 percent to $151 billion. Exports rose 0.03 percent to $64 billion. Imports rose 5.41 percent to $87 billion.
  • No. 2 Canada’s trade fell 2.53 percent to $146 billion. Exports fell 1.59 percent to $72 billion. Imports fell 3.43 percent to $74 billion.
  • No. 3 China’s trade fell 14.93 percent to $132 billion. Exports fell 18.83 percent to $26 billion. Imports fell 13.92 percent to $106 billion.
  • No. 4 Japan’s trade rose 3.42 percent to $54 billion. Exports rose 4.57 percent to $18 billion. Imports rose 2.85 percent to $36 billion.
  • No. 5 Germany’s trade rose 2.83 percent to $47 billion. Exports rose 6.19 percent to $16 billion. Imports rose 1.21 percent to $31 billion.

The nation’s top five trading partners through March accounted for 47.35 percent of its trade with the world.

The U.S. had trade surpluses with 132 countries and deficits with 100 through March. That compares with 121 surpluses and 111 deficits for the same period one year earlier. The top three surpluses through March of this year were with The Netherlands, $7 billion; Hong Kong, $7 billion; Belgium, $4 billion. The top three deficits were with China, $80 billion; Mexico, $23 billion; and Japan, $18 billion.

The nation’s top five exports by value through March were civilian aircraft, parts; gasoline, other fuels; oil; motor vehicles for transporting people; and motor vehicle parts in that order. Those accounted for 22.35 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; returned exports, without change; and computers. They accounted for 22.33 percent of all inbound shipments.

Looking more closely at U.S. exports:

  • No. 1 Civilian aircraft, parts rose 8.23 percent compared to last year, to $32 billion.
  • No. 2 Gasoline, other fuels rose 0.48 percent compared to last year, to $21 billion.
  • No. 3 Oil rose 65.09 percent compared to last year, to $14 billion.
  • No. 4 Motor vehicles for transporting people fell 3.32 percent compared to last year, to $13 billion.
  • No. 5 Motor vehicle parts fell 4.09 percent compared to last year, to $11 billion.

On the import side:

  • No. 1 Motor vehicles for transporting people rose 1.14 percent compared to last year, to $44 billion.
  • No. 2 Oil fell 21.57 percent compared to last year, to $28 billion.
  • No. 3 Cell phones, related equipment fell 10.71 percent compared to last year, to $23 billion.
  • No. 4 Returned exports, without change rose 17.6 percent compared to last year, to $19 billion.
  • No. 5 Computers fell 3.35 percent compared to last year, to $19 billion.

Through March the nation's 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 were No. 1 Los Angeles, No. 2 New York City, No. 3 Laredo, No. 4 Detroit and No. 5 Chicago, respectively