|1||Drill bits, other interchangeable hand or machine||$6.02 M|
|2||Navigational equipment||$4.69 M|
|3||Civilian aircraft, parts||$3.68 M|
|4||Mineral Wools, Expanded Mineral Material & Mi 6806||$492,445|
|5||Medical equipment for physicals||$241,052|
|6||Misc. plastic plates, sheets and film||$204,535|
|7||Machine tools for forging, bending, stamping||$161,320|
|8||Electrical supplies, apparatus, less than 1000V||$126,526|
|10||Electrical boards, panels and switches||$86,144|
|1||Motor vehicle parts||$33.73 M|
|2||Transmission shafts, bearings, gears||$2.06 M|
|3||Vehicle audio systems||$2.04 M|
|4||Parts for heavy machinery||$1.9 M|
|5||X-ray apparatus||$1.39 M|
|6||Portable Elec Lamps Function By Own Energy So 8513||$1.34 M|
|7||Cell phones, related equipment||$1.15 M|
|8||Catalytic converters, air filters, oil filters, et||$1.05 M|
|9||Rubbers tubes, pipes, etc.||$896,022|
|10||Taps, cocks and valves for pipes, tanks||$799,046|
Greater Rockford Airport, Ill.’s trade increases 1.97 percent through July
Greater Rockford Airport, Ill.’s trade with the world rose 1.97 percent, from $74.31 million to $75.78 million 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.
Greater Rockford Airport, Ill. ranked No. 212 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. 214. It finished No. 210 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 Greater Rockford Airport, Ill.’s top trade partners were No. 1 China, No. 2 Japan, No. 3 Poland, No. 4 Kuwait and No. 5 Germany. Through the same period of the previous year, the top trade partners were held by China, France, Canada, Japan and Ireland, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 20.35 percent to $32.72 million.
Exports rose 23.17 percent to $884,407. Imports rose 20.27 percent to $31.83 million.
- Trade with No. 2 Japan rose 34.09 percent to $7.98 million.
Exports fell 32.76 percent to $2.81 million. Imports rose 191.78 percent to $5.17 million.
- Trade with No. 3 Poland rose 5946.01 percent to $5.06 million.
Exports rose 5758.27 percent to $4.9 million. Imports totaled $156,983.
- Trade with No. 4 Kuwait totaled $3.68 million.
Exports totaled $3.68 million. There were no imports.
- Trade with No. 5 Germany fell 7 percent to $1.08 million.
Exports fell 65.83 percent to $362,730. Imports rose 603.63 percent to $719,630.
Greater Rockford Airport, Ill.’s top five trading partners through July accounted for 90.82 percent of its trade with the world.
Greater Rockford Airport, Ill. had trade surpluses with 26 countries and deficits with 17 through July. That compares with 33 surpluses and 10 deficits for the same period one year earlier. The top three surpluses through July of this year were with Poland, $4.74 million; Kuwait, $3.68 million; and Italy, $534,715. The top three deficits through July of this year were with China, $30.95 million; Japan, $2.36 million; and Malaysia, $733,840.
Through July its top exports were Drill bits, other interchangeable hand or machine tools; Navigational equipment; Civilian aircraft, parts; Mineral Wools, Expanded Mineral Material & Mi 6806; and Medical equipment for physicals, in that order. Those accounted for 91.59 percent of its total outbound trade. The Port’s top imports were Motor vehicle parts; Transmission shafts, bearings, gears; Vehicle audio systems; Parts for heavy machinery; and X-ray apparatus, accounting for 69.4 percent of all inbound shipments.
Looking more closely at Greater Rockford Airport, Ill.’s exports:
- Drill bits, other interchangeable hand or machine tools fell 34.05 percent compared to last year to $6.02 million.
- Navigational equipment totaled $4.69 million. The previous year, there were no exports in this category.
- Civilian aircraft, parts rose 2134.41 percent compared to last year to $3.68 million.
- Mineral Wools, Expanded Mineral Material & Mi 6806 rose 22.8 percent compared to last year to $492,445.
- Medical equipment for physicals rose 478.03 percent compared to last year to $241,052.
On the import side:
- Motor vehicle parts rose 32.47 percent compared to last year to $33.73 million.
- Transmission shafts, bearings, gears rose 281.65 percent compared to last year to $2.06 million.
- Vehicle audio systems totaled $2.04 million. The previous year, there were no imports in this category.
- Parts for heavy machinery rose 121.29 percent compared to last year to $1.9 million.
- X-ray apparatus totaled $1.39 million. The previous year, there were no imports in this category.
Last year Greater Rockford Airport, Ill. posted total trade with the world of $161.99 million. The Port’s deficit was $51.79 million. Exports totaled $55.1 million and imports came to $106.89 million.