Top Exports From DetroitTotal Exports From Detroit: $39,652,902,235
|Rank||Commodity||Total YTD Exports|
|1||Motor vehicle parts||$4,002,259,967|
|2||Motor vehicles for transporting people||$2,131,208,515|
|3||Motor vehicles for transporting goods||$1,503,855,380|
|5||Internal combustion engines, including aircraft||$854,326,049|
|8||Medical instruments for surgeons, dentists, vets||$462,927,056|
|9||Insulated wire, cable||$434,668,697|
|10||Trailers and similar vehicles||$395,796,989|
Top Imports To DetroitTotal Imports To Detroit: $40,210,684,949
|1||Motor vehicles for transporting people||$10,460,935,813|
|2||Motor vehicle parts||$3,849,548,753|
|5||Imports of returned exports||$964,255,520|
|7||Internal combustion engines, including aircraft||$703,625,552|
|10||Seats, excluding barber, dental||$433,240,596|
Top Detroit Trading PartnersTotal Detroit trade: $79,863,587,184
Top US Trading PartnersTotal U.S. trade for all countries: $1,240,094,299,613
|Rank||Commodity||Total YTD Exports|
Detroit’s trade decreases -5.36 percent through April
Detroit’s trade with the world rose to $79,863,587,184 through the first four months of 2013, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s -5.36 percent decreases the Customs district’s total trade during the same time period last year. The district’s exports decreased -6.35 percent while imports dropped -4.36 percent.
Through April the district’s top trade partners were No. 1 Canada, No. 2 Germany, No. 3 China, No. 4 United Kingdom and No. 5 Belgium. Through the first four months of the last year, top five spots were held by Canada, Germany, Japan, China and United Kingdom, respectively.
Taking a closer look at the leading trade partners with Detroit:
- No.1 Canada’s trade fell -4.80 percent to $68,854,708,867.
Exports fell -7.06 percent to $35,167,288,102. Imports fell -2.31 percent to $33,687,420,765.
- No.2 Germany’s trade fell -0.32 percent to $1,974,939,812.
Exports rose 8.54 percent to $972,368,222. Imports fell -7.63 percent to $1,002,571,590.
- No.3 China’s trade rose 10.63 percent to $1,687,068,364.
Exports rose 80.93 percent to $132,322,962. Imports rose 7.09 percent to $1,554,745,402.
- No.4 United Kingdom’s trade fell -11.70 percent to $946,475,362.
Exports fell -13.95 percent to $781,426,101. Imports rose 0.81 percent to $165,049,261.
- No.5 Belgium’s trade fell -1.63 percent to $635,215,636.
Exports fell -6.67 percent to $506,115,987. Imports rose 24.74 percent to $129,099,649.
Detroit’s top five trading partners through April accounted for 92.78 percent of its trade with the world. The U.S. average for the same period was 53.19 percent.
Detroit had trade surpluses with 88 countries and deficits with 82 through April. That compares with 87 surpluses and 80 deficits for the same period one year earlier. The top three surpluses through April of this year were with Canada, $1,479,867,337; United Kingdom, $616,376,840; and Belgium, $377,016,338. The top three deficits were with China ($1,422,422,440), Japan ($443,671,882) and South Korea ($391,616,957).
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.
Detroit’s top five exports by value through April were motor vehicle parts; motor vehicles for transporting people; motor vehicles for transporting goods; computers; and internal combustion engines, including aircraft, in that order. Those accounted for 23.64 percent of its total outbound trade. The value of the district’s top five imports, motor vehicles for transporting people; motor vehicle parts; oil; medicine; and imports of returned exports, accounted for 43.64 percent of all inbound shipments.
Looking more closely at Detroit exports:
- Motor vehicle parts fell -19.60 percent compared to last year to $4,002,259,967.
- Motor vehicles for transporting people fell -12.48 percent compared to last year to $2,131,208,515.
- Motor vehicles for transporting goods fell -23.32 percent compared to last year to $1,503,855,380.
- Computers fell -7.20 percent compared to last year to $883,679,561.
- Internal combustion engines, including aircraft fell -27.33 percent compared to last year to $854,326,049.
On the import side:
- Motor vehicles for transporting people fell -4.55 percent compared to last year to $10,460,935,813.
- Motor vehicle parts fell -3.39 percent compared to last year to $3,849,548,753.
- Oil fell -17.59 percent compared to last year to $1,297,533,127.
- Medicine rose 2.71 percent compared to last year to $974,628,460.
- Imports of returned exports rose 13.07 percent compared to last year to $964,255,520.
Last year the Detroit district posted total trade with the world of $251,930,163,716. The district’s surplus was $2,635,881,412. At year end, the region’s top five partners were Canada, Germany, China, Japan and United Kingdom. Exports totaled $127,283,022,564 and imports came to $124,647,141,152.