| March 2013 |
Top Exports To South Korea
Total Exports To South Korea: $10,417,085,267| Rank | Commodity | Total YTD Exports |
|---|---|---|
| 1 | Electronic integrated circuits | $915,200,976 |
| 2 | Aircraft | $852,625,220 |
| 3 | Machinery, parts for semiconductor manufacturing | $365,413,135 |
| 4 | Scrap iron, steel | $247,158,035 |
| 5 | Motor vehicles for transporting people | $211,710,110 |
| 6 | Medicine | $186,077,670 |
| 7 | Miscellaneous machine parts | $166,657,763 |
| 8 | Aircraft parts | $159,428,955 |
| 9 | Citrus fruit | $150,222,626 |
| 10 | Oils derived from high temperature coal tar | $146,094,041 |
Total Imports From South Korea
Total Imports From South Korea: $15,018,711,897| Rank | Commodity | Total YTD |
|---|---|---|
| 1 | Motor vehicles for transporting people | $2,947,962,873 |
| 2 | Landline, cellular phone equipment | $1,559,370,469 |
| 3 | Motor vehicle parts | $990,460,182 |
| 4 | Electronic integrated circuits | $890,902,812 |
| 5 | Oil, not crude | $527,376,390 |
| 6 | Iron and steel pipes and tubing | $381,264,985 |
| 7 | Rubber tires | $351,427,895 |
| 8 | Computer parts | $305,622,625 |
| 9 | Computers | $304,652,098 |
| 10 | Floating or submersible docks, platforms | $255,765,787 |
| March 2013 |
Top South Korea Trading Partners
Total South Korea trade: $25,435,797,164| Rank | District | Total YTD |
|---|---|---|
| 1 | Los Angeles | $6,172,300,135 |
| 2 | San Francisco | $2,322,718,567 |
| 3 | Atlanta/Savannah | $2,094,546,706 |
| 4 | New York City | $1,952,803,570 |
| 5 | Houston | $1,852,577,681 |
| 6 | Dallas | $1,831,450,118 |
| 7 | Chicago | $1,750,713,559 |
| 8 | Seattle | $1,553,870,867 |
| 9 | New Orleans | $819,439,373 |
| 10 | Anchorage | $730,570,739 |
Top US Trading Partners
Total U.S. trade for all countries: $919,560,909,009| Rank | Commodity | Total YTD Exports |
|---|---|---|
| 1 | CANADA | $154,229,781,187 |
| 2 | CHINA | $125,331,233,626 |
| 3 | MEXICO | $120,297,325,224 |
| 4 | JAPAN | $50,070,697,561 |
| 5 | GERMANY | $37,936,556,982 |
| 6 | SOUTH KOREA | $25,435,797,164 |
| 7 | UNITED KINGDOM | $24,776,181,741 |
| 8 | FRANCE | $17,448,501,187 |
| 9 | BRAZIL | $16,436,596,270 |
| 10 | SAUDI ARABIA | $15,342,397,281 |
South Korea’s trade rose to $25,435,797,164 through March
South Korea’s trade with the United States rose to $25,435,797,164 through the first three months of 2013, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 1.14 percent above its total trade during the same time period last year. South Korea’s exports decreased -8.64 percent while imports rose 9.24 percent. The U.S. deficit with South Korea was $0.
Through March, South Korea’s top U.S. Customs districts for total imports and exports were No. 1 Los Angeles, No. 2 San Francisco, No. 3 Atlanta/Savannah, No. 4 New York City and No. 5 Houston compared to last year when the top spots were held by No. 1 Los Angeles, No. 2 Atlanta/Savannah, No. 3 San Francisco, No. 4 New York City and No. 5 Dallas. In the current time period, the top five accounted for 76.70 percent of South Korea’s U.S. trade.. That compares to 74.72 percent for the nation’s top five Customs districts during the same time period.Taking a closer look at the leading U.S. gateways for U.S. trade with South Korea,:
- Trade with No. 1 Los Angeles rose 7.05 percent to $6,172,300,135.
Exports rose 14.98 percent to $2,964,540,635. Imports rose 0.64 percent to $3,207,759,500. - Trade with No. 2 San Francisco rose 9.07 percent to $2,322,718,567.
Exports fell -20.54 percent to $1,115,675,469. Imports rose 66.40 percent to $1,207,043,098. - Trade with No. 3 Atlanta/savannah fell -2.89 percent to $2,094,546,706.
Exports fell -13.96 percent to $367,112,693. Imports fell -0.16 percent to $1,727,434,013. - Trade with No. 4 New York City rose 0.54 percent to $1,952,803,570.
Exports fell -10.59 percent to $1,158,846,854. Imports rose 22.87 percent to $793,956,716. - Trade with No. 5 Houston rose 35.82 percent to $1,852,577,681.
Exports rose 13.65 percent to $621,789,980. Imports rose 50.68 percent to $1,230,787,701.
Through March, 11 Customs districts posted trade surpluses with South Korea while 33 had deficits. That compares with 17 surpluses and 28 deficits for the same period one year ago. The top surplus was with New York City at $364,890,138, the largest deficit was with Atlanta/Savannah at $-1,360,321,320.
Meanwhile, total U.S. trade with the world decreased to $919,560,909,009, down -1.59 percent compared to the same period last year. The nation’s exports climbed 0.19 percent to $1,773,047,307; imports dropped -1.78 percent to $-16,591,316,281. The nation’s top five countries so far this year, by value, are Canada, China, Mexico, Japan and Germany. The overall trade deficit climbed $-152,899,878,555, down compared to the same period of last year when the deficit was $-171,264,242,143.
The top five U.S. exports to South Korea by value through March were electronic integrated circuits; aircraft; machinery, parts for semiconductor manufacturing; scrap iron, steel; and motor vehicles for transporting people, respectively. They accounted for 24.88 percent of total exports to South Korea.
The value of the top five U.S. imports from South Korea -- motor vehicles for transporting people; landline, cellular phone equipment; motor vehicle parts; electronic integrated circuits; and oil, not crude -- accounted for 46.05 percent of all inbound shipments.
Looking more closely at U.S. exports to South Korea:
- Electronic integrated circuits fell -11.97 percent compared to last year to $915,200,976.
- Aircraft fell -14.40 percent compared to last year to $852,625,220.
- Machinery, parts for semiconductor manufacturing fell -59.34 percent compared to last year to $365,413,135.
- Scrap iron, steel fell -38.26 percent compared to last year to $247,158,035.
- Motor vehicles for transporting people rose 69.55 percent compared to last year to $211,710,110.
Looking more closely at U.S. imports from South Korea
- fell compared to last year to $0.
- fell compared to last year to $0.
- fell compared to last year to $0.
- fell compared to last year to $0.
- fell compared to last year to $0.
In the latest annual figures available, South Korea recorded $25,150,256,689 in trade with the United States. At year’s end, its top five Customs districts were Los Angeles, Atlanta/Savannah, San Francisco, New York City and Chicago. Total U.S. exports to South Korea were $42,317,946,620 and imports from South Korea were $58,879,764,420. The U.S. deficit with South Korea was $-16,561,817,800.