|1||Commercial vehicles||$1.35 B|
|2||Passenger vehicles||$762.87 M|
|3||Medicines in individual dosages||$494.29 M|
|4||Motor vehicle parts||$472.09 M|
|5||Medical instruments||$336.75 M|
|7||Plasma, vaccines, blood||$324.79 M|
|8||Civilian aircraft, parts||$270.78 M|
|9||Silver, various forms||$262.82 M|
|10||Make-up and skin-care products||$257.35 M|
|1||Passenger vehicles||$2.71 B|
|2||Returned exports, without change||$947.25 M|
|3||Medicines in individual dosages||$432.35 M|
|4||Bread, pastry, cakes||$411.71 M|
|6||LNG, other petroleum gases||$382.68 M|
|7||Furniture, parts||$288.62 M|
|8||Misc. aircraft parts||$261.46 M|
|10||Defense-related aircraft, parts||$239.17 M|
Buffalo Peace Bridge, NY’s trade decreases 18.22 percent through July
Buffalo Peace Bridge, NY’s trade with the world fell 18.22 percent, from $46.74 billion to $38.22 billion through the first seven months of 2020 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 $2.08 trillion, with exports at $799.82 billion and imports at $1.28 trillion. The nation’s total trade decreased 13.79 percent compared to the same period last year. Exports fell 16.38 percent and imports fell 12.08 percent.
Buffalo Peace Bridge, NY ranked No. 16 for total trade among the nation’s roughly 450 airports, seaports and border crossings through July of 2020. During the same period of 2019 it ranked No. 14. It finished No. 14 in the last full year.
The nation’s top five “ports” — airports, seaports and border crossings — so far this year, by value, are Port of Los Angeles; Chicago O’Hare International Airport; John F. Kennedy International Airport; Port Laredo and Port of Newark.
Through July Buffalo Peace Bridge, NY’s top trade partners were No. 1 Canada, No. 2 China, No. 3 Germany, No. 4 Belgium and No. 5 United Kingdom. Through the same period of the previous year, the top trade partners were held by Canada, China, Germany, United Kingdom and Belgium, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 31.05 percent to $28.75 billion.
Exports fell 29.14 percent to $15.34 billion. Imports fell 33.11 percent to $13.4 billion.
- Trade with No. 2 China fell 38.68 percent to $662.42 million.
Exports fell 41.1 percent to $105.12 million. Imports fell 38.21 percent to $557.31 million.
- Trade with No. 3 Germany fell 2.65 percent to $605.55 million.
Exports rose 2.67 percent to $435.24 million. Imports fell 14.03 percent to $170.31 million.
- Trade with No. 4 Belgium fell 25.39 percent to $244.52 million.
Exports fell 24.82 percent to $233.25 million. Imports fell 35.57 percent to $11.27 million.
- Trade with No. 5 United Kingdom fell 29.54 percent to $232.36 million.
Exports fell 20.84 percent to $183.52 million. Imports fell 50.13 percent to $48.83 million.
Buffalo Peace Bridge, NY’s top five trading partners through July accounted for 94.3 percent of its trade with the world.
Buffalo Peace Bridge, NY had trade surpluses with 66 countries and deficits with 91 through July. That compares with 71 surpluses and 84 deficits for the same period one year earlier. The top three surpluses through July of this year were with Canada, $1.94 billion; Germany, $264.93 million; and Belgium, $221.98 million. The top three deficits through July of this year were with China, $452.19 million; Mexico, $66.68 million; and Vietnam, $49.9 million.
Through July its top exports were Commercial vehicles; Passenger vehicles; Medicines in individual dosages; Motor vehicle parts; and Medical instruments, in that order. Those accounted for 16.73 percent of its total outbound trade. The Port’s top imports were Passenger vehicles; Returned exports, without change; Medicines in individual dosages; Bread, pastry, cakes; and Oil, accounting for 27.51 percent of all inbound shipments.
Looking more closely at Buffalo Peace Bridge, NY’s exports:
- Commercial vehicles fell 24.55 percent compared to last year to $1.35 billion.
- Passenger vehicles fell 36.63 percent compared to last year to $762.87 million.
- Medicines in individual dosages rose 24.98 percent compared to last year to $494.29 million.
- Motor vehicle parts fell 34.56 percent compared to last year to $472.09 million.
- Medical instruments fell 34.28 percent compared to last year to $336.75 million.
On the import side:
- Passenger vehicles fell 40.76 percent compared to last year to $2.71 billion.
- Returned exports, without change fell 18.81 percent compared to last year to $947.25 million.
- Medicines in individual dosages fell 42.74 percent compared to last year to $432.35 million.
- Bread, pastry, cakes fell 5.38 percent compared to last year to $411.71 million.
- Oil fell 30.91 percent compared to last year to $398.88 million.
Last year Buffalo Peace Bridge, NY posted total trade with the world of $79.58 billion. The Port’s surplus was $2.42 billion. Exports totaled $41 billion and imports came to $38.58 billion.