Atlantic City Regional Airport, N.J.’s trade increases 23.28 percent through February

Atlantic City Regional Airport, N.J.’s trade with the world rose 23.28 percent, from $2.49 million to $3.07 million through the first two months of 2019 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data.

During the same time period, the nation’s total trade was $650.55 billion, with exports at $260.05 billion and imports at $390.5 billion. The nation’s total trade increased 1.11 percent compared to the same period last year. Exports rose 2.61 percent and imports rose 0.14 percent.

Atlantic City Regional Airport, N.J. ranked No. 264 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February of 2019.

The nation’s top five “ports” — airports, seaports and border crossings — so far this year, by value, are Port of Los Angeles; Port Laredo; Port of Newark; John F. Kennedy International Airport and Chicago O’Hare International Airport.

Through February Atlantic City Regional Airport, N.J.’s top trade parters were No. 1 China, No. 2 Argentina, No. 3 Hong Kong, No. 4 Turkey and No. 5 Russia . Through the same period of the previous year, the top trade partners were held by China, Hong Kong, France, Turkey and Macao, respectively.

Taking a closer look at its leading trade partners:

• Trade with No. 1 China fell 20.65 percent to $852,599.
  Exports fell 20.65 percent to $852,599. There were no imports.
• Trade with No. 2 Argentina totaled $351,309.
  Exports totaled $351,309. There were no imports.
• Trade with No. 3 Hong Kong rose 116.16 percent to $326,494.
  Exports rose 116.16 percent to $326,494. There were no imports.
• Trade with No. 4 Turkey rose 67.26 percent to $207,360.
  Exports rose 67.26 percent to $207,360. There were no imports.
• Trade with No. 5 Russia totaled $171,525.
  Exports totaled $171,525. There were no imports.

Atlantic City Regional Airport, N.J.’s top five trading partners through February accounted for 62.15 percent of its trade with the world.

Atlantic City Regional Airport, N.J. had trade surpluses with 29 countries and deficits with three through February. That compares with 31 surpluses and one deficits for the same period one year earlier. The top three surpluses through February of this year were with China, $852,599; Argentina, $351,309; and Hong Kong, $326,494. The top three deficits through February of this year were with Brazil, $142,971; Belgium, $39,073; and El Salvador, $16,023.

Through February it’s top exports were Medical technology; Cell phones, related equipment; Plastic boxes, containers; Percussion caps, detenating fuses; and Ethers, ether-alcohols, alcohol peroxides etc., in that order. Those accounted for 55.12 percent of its total outbound trade. The Port’s top imports were Leather further prepared after tanning; Carpets & Oth Text Floor Cover, Woven, No Tuf 5702; Women’s or girls’ overcoats, knit or crochet; Medical technology; and Cell phones, related equipment, accounting for 100 percent of all inbound shipments.

Looking more closely at Atlantic City Regional Airport, N.J.’s exports:

• Medical technology fell 41.31 percent compared to last year to $529,983.
• Cell phones, related equipment rose 195.04 percent compared to last year to $339,422.
• Plastic boxes, containers totaled $321,024. The previous year, there were no exports in this category.
• Percussion caps, detenating fuses totaled $207,360. The previous year, there were no exports in this category.
• Ethers, ether-alcohols, alcohol peroxides etc. totaled $183,475. The previous year, there were no exports in this category.

On the import side:

• Leather further prepared after tanning totaled $148,369. The previous year, there were no imports in this category.
• Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 totaled $39,073. The previous year, there were no imports in this category.
• Women’s or girls’ overcoats, knit or crochet totaled $16,023. The previous year, there were no imports in this category.
• Medical technology totaled $0. The previous year, there were no imports in this category.
• Cell phones, related equipment totaled $0. The previous year, there were no imports in this category.

Last year Atlantic City Regional Airport, N.J. posted total trade with the world of $16.73 million. The Port’s surplus was $16.27 million . At the end of the year, the port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $16.5 million and imports came to $234,161.