Top Dallas Trading Partners

Top US Trading Partners

Dallas’s trade increases 7.65 percent through March

Dallas’s trade with the world rose to $15,897,228,358 through the first three months of 2012, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s 7.65 percent increases the Customs district’s total trade during the same time period last year. The district’s exports increased 10.54 percent while imports rose 6.47 percent.

Through March the district’s top trade partners were No. 1 China, No. 2 South Korea, No. 3 Japan, No. 4 Canada and No. 5 United Kingdom. Through the first three months of the last year, top five spots were held by China, South Korea, Taiwan, Japan and Malaysia, respectively.

Taking a closer look at the leading trade partners with Dallas:

• No.1 China’s trade rose 6.17 percent to $5,813,271,189.
  Exports fell -13.64 percent to $361,990,188. Imports rose 7.81 percent to $5,451,281,001.
• No.2 South Korea’s trade rose 26.57 percent to $1,890,624,171.
  Exports rose 131.82 percent to $1,061,205,229. Imports fell -19.94 percent to $829,418,942.
• No.3 Japan’s trade rose 6.61 percent to $1,091,343,319.
  Exports fell -12.05 percent to $329,102,230. Imports rose 17.36 percent to $762,241,089.
• No.4 Canada’s trade rose 69.21 percent to $835,804,970.
  Exports rose 47.23 percent to $34,790,559. Imports rose 70.32 percent to $801,014,411.
• No.5 United Kingdom’s trade rose 39.90 percent to $630,249,899.
  Exports rose 27.54 percent to $221,460,105. Imports rose 47.65 percent to $408,789,794.

Dallas’s top five trading partners through March accounted for 64.55 percent of its trade with the world. The U.S. average for the same period was 52.49 percent.

Dallas had trade surpluses with 103 countries and deficits with 66 through March. That compares with 103 surpluses and 73 deficits for the same period one year earlier. The top three surpluses through March of this year were with South Korea, $231,786,287; Philippines, $152,734,699; and Hong Kong, $128,597,398. The top three deficits were with China ($5,089,290,813), Canada ($766,223,852) and Japan ($433,138,859).

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.

Dallas’s top five exports by value through March were electronic integrated circuits; landline, cellular phone equipment; machinery, parts for semiconductor manufacturing; aircraft; and computers, in that order. Those accounted for 59.96 percent of its total outbound trade. The value of the district’s top five imports, landline, cellular phone equipment, oil, computers and motor vehicles for transporting peoplemachinery, parts for semiconductor manufacturing and , accounted for 54.17 percent of all inbound shipments.

Looking more closely at Dallas exports:

• Electronic integrated circuits rose 86.95 percent compared to last year to $1,218,257,592.
• Landline, cellular phone equipment rose 5.77 percent compared to last year to $508,376,497.
• Machinery, parts for semiconductor manufacturing fell -16.86 percent compared to last year to $464,220,457.
• Aircraft rose 10.55 percent compared to last year to $402,973,115.
• Computers rose 19.60 percent compared to last year to $230,663,874.

On the import side:

• Landline, cellular phone equipment fell -2.59 percent compared to last year to $4,141,028,443.
• Oil rose 160.33 percent compared to last year to $669,925,666.
• Computers rose 7.64 percent compared to last year to $658,257,924.
• Motor vehicles for transporting people rose 42.32 percent compared to last year to $295,483,679.
• Machinery, parts for semiconductor manufacturing rose 4.19 percent compared to last year to $294,879,495.

Last year the Dallas district posted total trade with the world of $63,873,099,058. The district’s deficit was $-27,151,887,222. At year end, the region’s top five partners were China, South Korea, Taiwan, Japan and Canada. Exports totaled $18,360,605,918 and imports came to $45,512,493,140.