Top Exports From ChicagoTotal Exports From Chicago: $12,357,211,750
|Rank||Commodity||Total YTD Exports|
|3||Medical instruments for surgeons, dentists, vets||$828,218,034|
|4||Orthopedic appliances, artificial body parts||$421,866,404|
|5||Human blood, animal blood, plasma, vaccines||$399,699,669|
|7||Landline, cellular phone equipment||$327,250,495|
|8||Misc. medical chemical re-agents||$279,142,776|
|9||Medical equipment for physicals||$238,143,990|
|10||Aircraft engines, parts||$234,252,979|
Top Imports To ChicagoTotal Imports To Chicago: $48,087,897,846
|2||Landline, cellular phone equipment||$5,373,558,137|
|5||Imports of returned exports||$1,633,253,110|
|6||Human blood, animal blood, plasma, vaccines||$1,341,898,419|
|7||Motor vehicle parts||$1,236,212,169|
|8||Heterocyclic chemical compounds||$1,026,447,718|
|9||TVs, TV equipment, camcorders, digital cameras||$724,071,666|
|10||Power supplies, transformers||$469,935,830|
Top Chicago Trading PartnersTotal Chicago trade: $60,445,109,596
Top US Trading PartnersTotal U.S. trade for all countries: $1,240,094,299,613
|Rank||Commodity||Total YTD Exports|
Chicago’s trade increases 1.74 percent through April
Chicago’s trade with the world rose to $60,445,109,596 through the first four months of 2013, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s 1.74 percent increases the Customs district’s total trade during the same time period last year. The district’s exports decreased -2.17 percent while imports rose 2.79 percent.
Through April the district’s top trade partners were No. 1 China, No. 2 Canada, No. 3 Japan, No. 4 Germany and No. 5 South Korea. Through the first four months of the last year, top five spots were held by China, Canada, Japan, Germany and South Korea, respectively.
Taking a closer look at the leading trade partners with Chicago:
- No.1 China’s trade rose 12.07 percent to $17,059,474,071.
Exports rose 15.76 percent to $1,508,030,989. Imports rose 11.73 percent to $15,551,443,082.
- No.2 Canada’s trade fell -8.53 percent to $7,738,492,670.
Exports rose 41.04 percent to $30,612,954. Imports fell -8.65 percent to $7,707,879,716.
- No.3 Japan’s trade fell -3.35 percent to $5,797,592,028.
Exports fell -12.29 percent to $1,260,808,576. Imports fell -0.54 percent to $4,536,783,452.
- No.4 Germany’s trade fell -2.35 percent to $3,692,645,159.
Exports fell -4.11 percent to $1,176,991,908. Imports fell -1.50 percent to $2,515,653,251.
- No.5 South Korea’s trade fell -2.84 percent to $2,374,151,361.
Exports fell -3.39 percent to $620,513,105. Imports fell -2.64 percent to $1,753,638,256.
Chicago’s top five trading partners through April accounted for 60.65 percent of its trade with the world. The U.S. average for the same period was 53.19 percent.
Chicago had trade surpluses with 108 countries and deficits with 99 through April. That compares with 111 surpluses and 92 deficits for the same period one year earlier. The top three surpluses through April of this year were with Hong Kong, $262,466,409; France, $217,938,436; and Singapore, $200,085,390. The top three deficits were with China ($14,043,412,093), Canada ($7,677,266,762) and Japan ($3,275,974,876).
Meanwhile, total U.S. trade decreased to $1,240,094,299,613, down -0.88 percent compared to the same period last year. The nation’s exports climbed 0.32 percent to $4,038,186,093 as imports dropped -1.20 percent to $-15,017,653,007. The nation’s top five trade districts so far this year, by value, are Los Angeles, New York City, Laredo, Houston and Detroit. The overall trade deficit climbed $-214,073,880,779, down compared to the same period of last year when the deficit was $-233,129,719,879.
Chicago’s top five exports by value through April were medicine; aircraft; medical instruments for surgeons, dentists, vets; orthopedic appliances, artificial body parts; and human blood, animal blood, plasma, vaccines, in that order. Those accounted for 41.24 percent of its total outbound trade. The value of the district’s top five imports, oil; landline, cellular phone equipment; computers; medicine; and imports of returned exports, accounted for 44.04 percent of all inbound shipments.
Looking more closely at Chicago exports:
- Medicine rose 24.39 percent compared to last year to $1,791,906,917.
- Aircraft fell -6.79 percent compared to last year to $1,654,691,516.
- Medical instruments for surgeons, dentists, vets rose 3.60 percent compared to last year to $828,218,034.
- Orthopedic appliances, artificial body parts fell -10.08 percent compared to last year to $421,866,404.
- Human blood, animal blood, plasma, vaccines rose 16.53 percent compared to last year to $399,699,669.
On the import side:
- Oil fell -8.77 percent compared to last year to $7,437,654,914.
- Landline, cellular phone equipment rose 26.84 percent compared to last year to $5,373,558,137.
- Computers rose 2.52 percent compared to last year to $3,635,975,962.
- Medicine rose 20.15 percent compared to last year to $3,098,884,025.
- Imports of returned exports fell -20.90 percent compared to last year to $1,633,253,110.
Last year the Chicago district posted total trade with the world of $187,597,097,489. The district’s deficit was $-111,308,079,875. At year end, the region’s top five partners were China, Canada, Japan, Germany and South Korea. Exports totaled $38,144,508,807 and imports came to $149,452,588,682.