Top San Juan Trading Partners

Top US Trading Partners

San Juan’s trade increases 6.74 percent through March

San Juan’s trade with the world rose to $9,967,053,547 through the first three months of 2012, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s 6.74 percent increases the Customs district’s total trade during the same time period last year. The district’s exports increased 2.19 percent while imports rose 9.63 percent.

Through March the district’s top trade partners were No. 1 Ireland, No. 2 Singapore, No. 3 Japan, No. 4 United Kingdom and No. 5 Belgium. Through the first three months of the last year, top five spots were held by Ireland, Singapore, Japan, Netherlands and Belgium, respectively.

Taking a closer look at the leading trade partners with San Juan:

• No.1 Ireland’s trade fell -2.40 percent to $2,121,729,091.
  Exports fell -18.55 percent to $42,288,217. Imports fell -2.00 percent to $2,079,440,874.
• No.2 Singapore’s trade rose 27.97 percent to $1,035,547,646.
  Exports fell -61.74 percent to $44,610,577. Imports rose 43.07 percent to $990,937,069.
• No.3 Japan’s trade rose 11.72 percent to $863,886,934.
  Exports rose 31.12 percent to $337,272,991. Imports rose 2.04 percent to $526,613,943.
• No.4 United Kingdom’s trade rose 96.09 percent to $740,939,706.
  Exports rose 137.22 percent to $633,790,788. Imports fell -3.20 percent to $107,148,918.
• No.5 Belgium’s trade fell -27.09 percent to $487,564,224.
  Exports fell -27.05 percent to $476,580,013. Imports fell -28.72 percent to $10,984,211.

San Juan’s top five trading partners through March accounted for 52.67 percent of its trade with the world. The U.S. average for the same period was 52.49 percent.

San Juan had trade surpluses with 53 countries and deficits with 78 through March. That compares with 62 surpluses and 68 deficits for the same period one year earlier. The top three surpluses through March of this year were with United Kingdom, $526,641,870; Belgium, $465,595,802; and Netherlands, $277,614,451. The top three deficits were with Ireland ($2,037,152,657), Singapore ($946,326,492) and Brazil ($405,156,261).

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.

San Juan’s top five exports by value through March were medicine; heterocyclic chemical compounds; gold; hormones and steroids used as hormones; and orthopedic appliances, artificial body parts, in that order. Those accounted for 72.25 percent of its total outbound trade. The value of the district’s top five imports, heterocyclic chemical compounds, oil, not crude, sulfonamides and oxygen-function amino-compoundsnucleic acids and salts, heterocyclic compounds and , accounted for 68.73 percent of all inbound shipments.

Looking more closely at San Juan exports:

• Medicine fell -11.24 percent compared to last year to $1,505,964,109.
• Heterocyclic chemical compounds rose 9.40 percent compared to last year to $378,196,394.
• Gold rose 27,731.58 percent compared to last year to $350,867,474.
• Hormones and steroids used as hormones rose 32.42 percent compared to last year to $273,476,366.
• Orthopedic appliances, artificial body parts rose 9.57 percent compared to last year to $167,272,411.

On the import side:

• Heterocyclic chemical compounds rose 35.27 percent compared to last year to $1,694,332,318.
• Oil, not crude rose 21.56 percent compared to last year to $1,219,819,586.
• Sulfonamides rose 2.03 percent compared to last year to $574,213,841.
• Oxygen-function amino-compounds rose 32.39 percent compared to last year to $444,859,549.
• Nucleic acids and salts, heterocyclic compounds fell -59.24 percent compared to last year to $372,031,614.

Last year the San Juan district posted total trade with the world of $41,003,878,299. The district’s deficit was $-7,998,518,145. At year end, the region’s top five partners were Ireland, Singapore, Japan, Netherlands and Belgium. Exports totaled $16,502,680,077 and imports came to $24,501,198,222.