| March 2012 |
Total Exports From Cleveland
| Rank | Commodity | Total YTD Exports |
|---|---|---|
1 | Aircraft | $1,493,199,815 |
2 | Electronic integrated circuits | $421,226,393 |
3 | Landline, cellular phone equipment | $361,759,131 |
4 | Scrap of precious metal | $324,266,008 |
5 | Computers | $323,330,946 |
6 | Medical instruments for surgeons, dentists, vets | $297,231,668 |
7 | Medicine | $248,394,526 |
8 | Orthopedic appliances, artificial body parts | $230,983,630 |
9 | Aircraft engines, parts | $155,315,275 |
10 | Photo-sensitive semi-conductors, parts | $134,978,987 |
Total Imports To Cleveland
| Rank | Commodity | Total YTD Imports |
|---|---|---|
1 | Computers | $1,382,630,945 |
2 | Oil | $1,132,415,079 |
3 | Aircraft engines, parts | $1,052,216,718 |
4 | Motor vehicle parts | $1,024,093,502 |
5 | Landline, cellular phone equipment | $1,013,709,344 |
6 | Medicine | $896,174,465 |
7 | Imports of returned exports | $880,057,438 |
8 | Human blood, animal blood, plasma, vaccines | $838,996,435 |
9 | Heterocyclic chemical compounds | $556,725,975 |
10 | Gold | $466,796,507 |
| March 2012 |
Top Cleveland Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CHINA | $4,891,855,875 |
2 | CANADA | $3,710,874,804 |
3 | JAPAN | $2,793,997,316 |
4 | GERMANY | $1,990,448,004 |
5 | FRANCE | $1,822,500,597 |
6 | IRELAND | $1,735,956,057 |
7 | UNITED KINGDOM | $1,072,698,220 |
8 | MEXICO | $981,427,734 |
9 | SINGAPORE | $850,803,021 |
10 | TAIWAN | $740,195,584 |
Top US Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CANADA | $153,987,495,076 |
2 | MEXICO | $122,398,351,478 |
3 | CHINA | $120,983,448,879 |
4 | JAPAN | $54,762,867,594 |
5 | GERMANY | $38,277,050,668 |
6 | UNITED KINGDOM | $28,840,373,748 |
7 | SOUTH KOREA | $25,150,256,689 |
8 | BRAZIL | $19,088,773,913 |
9 | SAUDI ARABIA | $18,638,133,172 |
10 | FRANCE | $17,857,130,070 |
Cleveland’s trade increases 15.38 percent through March
Cleveland’s trade with the world rose to $27,725,111,337 through the first three months of 2012, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s 15.38 percent increases the Customs district’s total trade during the same time period last year. The district’s exports increased 11.36 percent while imports rose 16.98 percent.
Through March the district’s top trade partners were No. 1 China, No. 2 Canada, No. 3 Japan, No. 4 Germany and No. 5 France. Through the first three months of the last year, top five spots were held by China, Canada, Japan, France and Germany, respectively.
Taking a closer look at the leading trade partners with Cleveland:
- No.1 China’s trade rose 10.14 percent to $4,891,855,875.
Exports rose 37.27 percent to $134,849,924. Imports rose 9.52 percent to $4,757,005,951. - No.2 Canada’s trade rose 4.22 percent to $3,710,874,804.
Exports fell -6.88 percent to $1,979,336,260. Imports rose 20.66 percent to $1,731,538,544. - No.3 Japan’s trade rose 9.82 percent to $2,793,997,316.
Exports rose 2.18 percent to $111,531,689. Imports rose 10.16 percent to $2,682,465,627. - No.4 Germany’s trade rose 32.11 percent to $1,990,448,004.
Exports rose 20.81 percent to $423,689,511. Imports rose 35.54 percent to $1,566,758,493. - No.5 France’s trade rose 19.14 percent to $1,822,500,597.
Exports rose 28.00 percent to $869,718,676. Imports rose 12.05 percent to $952,781,921.
Cleveland’s top five trading partners through March accounted for 54.86 percent of its trade with the world. The U.S. average for the same period was 52.49 percent.
Cleveland had trade surpluses with 127 countries and deficits with 88 through March. That compares with 125 surpluses and 89 deficits for the same period one year earlier. The top three surpluses through March of this year were with Singapore, $355,713,547; Hong Kong, $256,886,292; and Canada, $247,797,716. The top three deficits were with China ($4,622,156,027), Japan ($2,570,933,938) and Ireland ($1,462,422,357).
Meanwhile, total U.S. trade increased to $934,379,177,983, up 8.63 percent compared to the same period last year. The nation’s exports climbed 3.54 percent to $30,467,217,700 as imports rose 5.09 percent to $43,800,507,934. The nation’s top five trade districts so far this year, by value, are New York City, Los Angeles, Houston, Detroit and Laredo. The overall trade deficit was $-171,264,242,143, up compared to the same period of last year when the deficit was $-157,930,951,909.
Cleveland’s top five exports by value through March were aircraft; electronic integrated circuits; landline, cellular phone equipment; scrap of precious metal; and computers, in that order. Those accounted for 38.50 percent of its total outbound trade. The value of the district’s top five imports, computers, oil, aircraft engines, parts and motor vehicle partslandline, cellular phone equipment and , accounted for 27.84 percent of all inbound shipments.
Looking more closely at Cleveland exports:
- Aircraft rose 23.35 percent compared to last year to $1,493,199,815.
- Electronic integrated circuits fell -3.12 percent compared to last year to $421,226,393.
- Landline, cellular phone equipment rose 0.07 percent compared to last year to $361,759,131.
- Scrap of precious metal rose 10.37 percent compared to last year to $324,266,008.
- Computers rose 2.77 percent compared to last year to $323,330,946.
On the import side:
- Computers fell -4.26 percent compared to last year to $1,382,630,945.
- Oil rose 74.00 percent compared to last year to $1,132,415,079.
- Aircraft engines, parts rose 25.26 percent compared to last year to $1,052,216,718.
- Motor vehicle parts rose 2.86 percent compared to last year to $1,024,093,502.
- Landline, cellular phone equipment fell -4.74 percent compared to last year to $1,013,709,344.
Last year the Cleveland district posted total trade with the world of $109,222,991,442. The district’s deficit was $-49,515,125,862. At year end, the region’s top five partners were China, Canada, Japan, Germany and France. Exports totaled $29,853,932,790 and imports came to $79,369,058,652.