Top Jacksonville/Tampa Trading Partners

Top US Trading Partners

Jacksonville/Tampa’s trade increases 4.77 percent through March

Jacksonville/Tampa’s trade with the world rose to $9,224,591,027 through the first three months of 2012, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s 4.77 percent increases the Customs district’s total trade during the same time period last year. The district’s exports increased 5.69 percent while imports rose 4.02 percent.

Through March the district’s top trade partners were No. 1 Japan, No. 2 Saudi Arabia, No. 3 Brazil, No. 4 China and No. 5 Chile. Through the first three months of the last year, top five spots were held by Japan, Brazil, Saudi Arabia, Chile and China, respectively.

Taking a closer look at the leading trade partners with Jacksonville/Tampa:

• No.1 Japan’s trade rose 11.90 percent to $1,670,319,958.
  Exports fell -29.93 percent to $68,127,780. Imports rose 14.81 percent to $1,602,192,178.
• No.2 Saudi Arabia’s trade rose 31.11 percent to $817,411,652.
  Exports rose 21.73 percent to $758,525,047. Imports rose 16,060.55 percent to $58,886,605.
• No.3 Brazil’s trade rose 9.19 percent to $781,359,766.
  Exports rose 0.64 percent to $573,119,481. Imports rose 42.52 percent to $208,240,285.
• No.4 China’s trade rose 12.41 percent to $619,526,074.
  Exports rose 16.71 percent to $111,897,847. Imports rose 11.51 percent to $507,628,227.
• No.5 Chile’s trade fell -31.44 percent to $424,324,078.
  Exports fell -21.43 percent to $63,860,243. Imports fell -32.95 percent to $360,463,835.

Jacksonville/Tampa’s top five trading partners through March accounted for 46.75 percent of its trade with the world. The U.S. average for the same period was 52.49 percent.

Jacksonville/Tampa had trade surpluses with 113 countries and deficits with 65 through March. That compares with 111 surpluses and 57 deficits for the same period one year earlier. The top three surpluses through March of this year were with Saudi Arabia, $699,638,442; Brazil, $364,879,196; and Australia, $237,107,793. The top three deficits were with Japan ($1,534,064,398), China ($395,730,380) and Chile ($296,603,592).

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.

Jacksonville/Tampa’s top five exports by value through March were motor vehicles for transporting people; misc. mineral or chemical fertilizers; motor vehicle parts; aircraft; and electric generating sets, rotary converters, in that order. Those accounted for 54.58 percent of its total outbound trade. The value of the district’s top five imports, motor vehicles for transporting people, oil, not crude, refined copper, alloys, unwrought and travel goods, including handbags, wallets, jewelryammonia and , accounted for 62.24 percent of all inbound shipments.

Looking more closely at Jacksonville/Tampa exports:

• Motor vehicles for transporting people rose 23.28 percent compared to last year to $1,374,806,433.
• Misc. mineral or chemical fertilizers rose 8.95 percent compared to last year to $621,665,329.
• Motor vehicle parts rose 45.69 percent compared to last year to $143,943,903.
• Aircraft rose 82.45 percent compared to last year to $75,116,987.
• Electric generating sets, rotary converters fell -1.80 percent compared to last year to $72,511,193.

On the import side:

• Motor vehicles for transporting people rose 12.72 percent compared to last year to $1,481,478,982.
• Oil, not crude rose 14.32 percent compared to last year to $932,368,179.
• Refined copper, alloys, unwrought fell -36.77 percent compared to last year to $334,801,519.
• Travel goods, including handbags, wallets, jewelry rose 15.54 percent compared to last year to $219,694,122.
• Ammonia fell -21.86 percent compared to last year to $163,619,494.

Last year the Jacksonville/Tampa district posted total trade with the world of $36,343,573,119. The district’s deficit was $-1,363,272,911. At year end, the region’s top five partners were Japan, Brazil, Saudi Arabia, China and Chile. Exports totaled $17,490,150,104 and imports came to $18,853,423,015.