|1||Commercial vehicles||$831.31 M|
|2||Passenger vehicles||$517.24 M|
|3||Medicines in individual dosages||$341.54 M|
|4||Motor vehicle parts||$309.98 M|
|5||Medical instruments||$254.24 M|
|7||Plasma, vaccines, blood||$237.24 M|
|8||Civilian aircraft, parts||$203.43 M|
|9||Make-up and skin-care products||$179.1 M|
|10||Silver, various forms||$170.95 M|
|1||Passenger vehicles||$1.64 B|
|2||Returned exports, without change||$685.53 M|
|4||Medicines in individual dosages||$311.89 M|
|5||Bread, pastry, cakes||$292.63 M|
|6||LNG, other petroleum gases||$275.7 M|
|7||Furniture, parts||$202.48 M|
|9||Defense-related aircraft, parts||$178.36 M|
|10||Misc. aircraft parts||$177.99 M|
Buffalo Peace Bridge, NY’s trade decreases 19.51 percent through May
Buffalo Peace Bridge, NY’s trade with the world fell 19.51 percent, from $33.34 billion to $26.84 billion through the first five 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 $1.48 trillion, with exports at $582.11 billion and imports at $898.44 billion. The nation’s total trade decreased 13.61 percent compared to the same period last year. Exports fell 15.09 percent and imports fell 12.63 percent.
Buffalo Peace Bridge, NY ranked No. 14 for total trade among the nation’s roughly 450 airports, seaports and border crossings through May of 2020.
The nation’s top five “ports” — airports, seaports and border crossings — so far this year, by value, are Port of Los Angeles; Port Laredo; Chicago O’Hare International Airport; Port of Newark and John F. Kennedy International Airport.
Through May 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, France and United Kingdom, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 19.83 percent to $23.78 billion.
Exports fell 17.89 percent to $12.71 billion. Imports fell 21.96 percent to $11.07 billion.
- Trade with No. 2 China fell 31.34 percent to $542.57 million.
Exports fell 36.15 percent to $84.49 million. Imports fell 30.37 percent to $458.08 million.
- Trade with No. 3 Germany rose 17.59 percent to $533.45 million.
Exports rose 22.48 percent to $383.48 million. Imports rose 6.69 percent to $149.98 million.
- Trade with No. 4 Belgium fell 9.59 percent to $209.46 million.
Exports fell 9.11 percent to $200.34 million. Imports fell 19.12 percent to $9.12 million.
- Trade with No. 5 United Kingdom fell 17.09 percent to $196.36 million.
Exports fell 1.82 percent to $154.49 million. Imports fell 47.31 percent to $41.87 million.
Buffalo Peace Bridge, NY’s top five trading partners through May accounted for 94.14 percent of its trade with the world.
Buffalo Peace Bridge, NY had trade surpluses with 67 countries and deficits with 89 through May. That compares with 68 surpluses and 77 deficits for the same period one year earlier. The top three surpluses through May of this year were with Canada, $1.64 billion; Germany, $233.5 million; and Belgium, $191.22 million. The top three deficits through May of this year were with China, $373.58 million; Mexico, $54.94 million; and Vietnam, $36.58 million.
Through May its top exports were Commercial vehicles; Passenger vehicles; Medicines in individual dosages; Motor vehicle parts; and Medical instruments, in that order. Those accounted for 15.68 percent of its total outbound trade. The Port’s top imports were Passenger vehicles; Returned exports, without change; Oil; Medicines in individual dosages; and Bread, pastry, cakes, accounting for 26.13 percent of all inbound shipments.
Looking more closely at Buffalo Peace Bridge, NY’s exports:
- Commercial vehicles fell 38.46 percent compared to last year to $831.31 million.
- Passenger vehicles fell 39.99 percent compared to last year to $517.24 million.
- Medicines in individual dosages rose 16.57 percent compared to last year to $341.54 million.
- Motor vehicle parts fell 39.78 percent compared to last year to $309.98 million.
- Medical instruments fell 32.97 percent compared to last year to $254.24 million.
On the import side:
- Passenger vehicles fell 48.51 percent compared to last year to $1.64 billion.
- Returned exports, without change fell 19.04 percent compared to last year to $685.53 million.
- Oil fell 19.48 percent compared to last year to $322.94 million.
- Medicines in individual dosages fell 44.39 percent compared to last year to $311.89 million.
- Bread, pastry, cakes fell 5.24 percent compared to last year to $292.63 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.