| March 2013 |
Top Exports From Philadelphia
Total Exports From Philadelphia: $4,043,475,226| Rank | Commodity | Total YTD Exports |
|---|---|---|
| 1 | Oil, not crude | $303,224,999 |
| 2 | Medicine | $199,322,460 |
| 3 | Bombs, grenades, cartridges, parts | $195,289,278 |
| 4 | Medical instruments for surgeons, dentists, vets | $192,042,423 |
| 5 | Motor vehicles for transporting people | $183,869,200 |
| 6 | Aircraft | $128,858,722 |
| 7 | Electric generating sets, rotary converters | $117,270,904 |
| 8 | Motor vehicles for transporting goods | $102,802,791 |
| 9 | Scrap iron, steel | $98,460,253 |
| 10 | Orthopedic appliances, artificial body parts | $89,170,308 |
Top Imports To Philadelphia
Total Imports To Philadelphia: $15,643,405,943| Rank | Commodity | Total YTD |
|---|---|---|
| 1 | Oil | $5,297,737,956 |
| 2 | Medicine | $2,575,921,662 |
| 3 | Oil, not crude | $909,084,860 |
| 4 | Motor vehicles for transporting people | $496,951,123 |
| 5 | Grapes, fresh or dried | $471,119,598 |
| 6 | Cocoa Beans | $261,062,946 |
| 7 | Frozen beef from cows | $242,561,163 |
| 8 | Bananas and plantains, fresh or dried | $196,550,760 |
| 9 | Heterocyclic chemical compounds | $157,931,619 |
| 10 | Corn | $124,848,317 |
| March 2013 |
Top Philadelphia Trading Partners
Total Philadelphia trade: $19,686,881,169| Rank | Country | Total YTD |
|---|---|---|
| 1 | NIGERIA | $2,148,545,921 |
| 2 | GERMANY | $1,446,681,856 |
| 3 | ISRAEL | $1,365,567,247 |
| 4 | UNITED KINGDOM | $1,226,184,221 |
| 5 | SAUDI ARABIA | $1,130,122,512 |
| 6 | CHILE | $693,871,163 |
| 7 | RUSSIA | $666,805,000 |
| 8 | FRANCE | $640,263,507 |
| 9 | CHINA | $607,668,616 |
| 10 | SWITZERLAND | $559,342,157 |
Top US Trading Partners
Total U.S. trade for all countries: $919,560,909,009| Rank | Commodity | Total YTD Exports |
|---|---|---|
| 1 | CANADA | $154,229,781,187 |
| 2 | CHINA | $125,331,233,626 |
| 3 | MEXICO | $120,297,325,224 |
| 4 | JAPAN | $50,070,697,561 |
| 5 | GERMANY | $37,936,556,982 |
| 6 | SOUTH KOREA | $25,435,797,164 |
| 7 | UNITED KINGDOM | $24,776,181,741 |
| 8 | FRANCE | $17,448,501,187 |
| 9 | BRAZIL | $16,436,596,270 |
| 10 | SAUDI ARABIA | $15,342,397,281 |
Philadelphia’s trade increases 0.08 percent through March
Philadelphia’s trade with the world rose to $19,686,881,169 through the first three months of 2013, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s 0.08 percent increases the Customs district’s total trade during the same time period last year. The district’s exports decreased -7.37 percent while imports rose 2.21 percent.
Through March the district’s top trade partners were No. 1 Nigeria, No. 2 Germany, No. 3 Israel, No. 4 United Kingdom and No. 5 Saudi Arabia. Through the first three months of the last year, top five spots were held by Germany, United Kingdom, Nigeria, Saudi Arabia and Israel, respectively.
Taking a closer look at the leading trade partners with Philadelphia:
- No.1 Nigeria’s trade rose 147.59 percent to $2,148,545,921.
Exports fell -27.08 percent to $4,861,812. Imports rose 148.94 percent to $2,143,684,109. - No.2 Germany’s trade fell -10.32 percent to $1,446,681,856.
Exports fell -6.23 percent to $421,743,482. Imports fell -11.90 percent to $1,024,938,374. - No.3 Israel’s trade rose 74.47 percent to $1,365,567,247.
Exports rose 31.27 percent to $51,588,525. Imports rose 76.76 percent to $1,313,978,722. - No.4 United Kingdom’s trade fell -21.06 percent to $1,226,184,221.
Exports fell -8.34 percent to $582,428,047. Imports fell -29.87 percent to $643,756,174. - No.5 Saudi Arabia’s trade rose 40.32 percent to $1,130,122,512.
Exports rose 67.54 percent to $250,402,260. Imports rose 34.12 percent to $879,720,252.
Philadelphia’s top five trading partners through March accounted for 37.17 percent of its trade with the world. The U.S. average for the same period was 53.05 percent.
Philadelphia had trade surpluses with 84 countries and deficits with 97 through March. That compares with 97 surpluses and 87 deficits for the same period one year earlier. The top three surpluses through March of this year were with United Arab Emirates, $109,830,476; Netherlands, $103,682,143; and Turkey, $65,096,982. The top three deficits were with Nigeria ($2,138,822,297), Israel ($1,262,390,197) and Russia ($649,551,648).
Meanwhile, total U.S. trade decreased to $919,560,909,009, down -1.59 percent compared to the same period last year. The nation’s exports climbed 0.19 percent to $1,773,047,307 as imports dropped -1.78 percent to $-16,591,316,281. The nation’s top five trade districts so far this year, by value, are Los Angeles, New York City, Detroit, Laredo and New Orleans. The overall trade deficit climbed $-152,899,878,555, down compared to the same period of last year when the deficit was $-171,264,242,143.
Philadelphia’s top five exports by value through March were oil, not crude; medicine; bombs, grenades, cartridges, parts; medical instruments for surgeons, dentists, vets; and motor vehicles for transporting people, in that order. Those accounted for 26.56 percent of its total outbound trade. The value of the district’s top five imports, , , and and , accounted for 0.00 percent of all inbound shipments.
Looking more closely at Philadelphia exports:
- Oil, not crude rose 86.24 percent compared to last year to $303,224,999.
- Medicine fell -35.56 percent compared to last year to $199,322,460.
- Bombs, grenades, cartridges, parts rose 147.89 percent compared to last year to $195,289,278.
- Medical instruments for surgeons, dentists, vets fell -10.05 percent compared to last year to $192,042,423.
- Motor vehicles for transporting people fell -2.60 percent compared to last year to $183,869,200.
On the import side:
- fell compared to last year to $0. The total for the comparable period in 2012 was $0 so a percentage cannot be calculated.
- fell compared to last year to $0. The total for the comparable period in 2012 was $0 so a percentage cannot be calculated.
- fell compared to last year to $0. The total for the comparable period in 2012 was $0 so a percentage cannot be calculated.
- fell compared to last year to $0. The total for the comparable period in 2012 was $0 so a percentage cannot be calculated.
- fell compared to last year to $0. The total for the comparable period in 2012 was $0 so a percentage cannot be calculated.
Last year the Philadelphia district posted total trade with the world of $78,121,710,581. The district’s deficit was $-44,358,808,827. At year end, the region’s top five partners were Nigeria, Germany, United Kingdom, Israel and Saudi Arabia. Exports totaled $16,881,450,877 and imports came to $61,240,259,704.