|1||Civilian aircraft, parts||$386.87 M|
|2||Cell phones, related equipment||$35.64 M|
|3||Medical instruments||$26.96 M|
|4||Orthopedic appliances, artificial body parts||$17.51 M|
|6||Transmission shafts, bearings, gears||$10.37 M|
|7||Medicines in individual dosages||$9.35 M|
|8||Electrical boards, panels and switches||$8.68 M|
|9||Misc. aircraft parts||$7 M|
|10||Misc. medical chemical re-agents||$6.9 M|
|1||Computer chips||$153.81 M|
|2||Printers, all types, parts||$103.65 M|
|3||Saws, drills and other hand tools||$100.17 M|
|4||Nucleic acids and salts, heterocyclic compounds||$98.85 M|
|5||Rubber tires||$62.03 M|
|6||Motor vehicle parts||$50.65 M|
|7||Seats, excluding barber, dental||$49.51 M|
|9||Returned exports, without change||$47.92 M|
|10||TVs, computer monitors||$34.56 M|
International Port of Memphis, Tenn.’s trade decreases 15.12 percent through May
International Port of Memphis, Tenn.’s trade with the world fell 15.12 percent, from $2.89 billion to $2.45 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.
International Port of Memphis, Tenn. ranked No. 80 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 International Port of Memphis, Tenn.’s top trade partners were No. 1 China, No. 2 Canada, No. 3 Vietnam, No. 4 Ireland and No. 5 South Korea. Through the same period of the previous year, the top trade partners were held by China, Canada, Taiwan, Vietnam and Japan, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 22.54 percent to $1.01 billion.
Exports fell 98.38 percent to $20.6 million. Imports rose 2555.32 percent to $990.64 million.
- Trade with No. 2 Canada fell 4.72 percent to $452.66 million.
Exports rose 712.86 percent to $405.18 million. Imports fell 88.83 percent to $47.48 million.
- Trade with No. 3 Vietnam rose 42.67 percent to $203.36 million.
Exports fell 99.81 percent to $266,663. Imports rose 133537 percent to $203.1 million.
- Trade with No. 4 Ireland rose 21.74 percent to $108.82 million.
Exports fell 94.45 percent to $4.71 million. Imports rose 2192.8 percent to $104.11 million.
- Trade with No. 5 South Korea rose 121.92 percent to $65.56 million.
Exports fell 76.27 percent to $5.29 million. Imports rose 733.67 percent to $60.27 million.
International Port of Memphis, Tenn.’s top five trading partners through May accounted for 75.17 percent of its trade with the world.
International Port of Memphis, Tenn. had trade surpluses with 78 countries and deficits with 44 through May. That compares with 40 surpluses and 91 deficits for the same period one year earlier. The top three surpluses through May of this year were with Canada, $357.7 million; United Arab Emirates, $24.21 million; and Brazil, $24.13 million. The top three deficits through May of this year were with China, $970.04 million; Vietnam, $202.83 million; and Ireland, $99.4 million.
Through May its top exports were Civilian aircraft, parts; Cell phones, related equipment; Medical instruments; Orthopedic appliances, artificial body parts; and Computers, in that order. Those accounted for 71.8 percent of its total outbound trade. The Port’s top imports were Computer chips; Printers, all types, parts; Saws, drills and other hand tools; Nucleic acids and salts, heterocyclic compounds; and Rubber tires, accounting for 29.14 percent of all inbound shipments.
Looking more closely at International Port of Memphis, Tenn.’s exports:
- Civilian aircraft, parts fell 2.09 percent compared to last year to $386.87 million.
- Cell phones, related equipment fell 26.25 percent compared to last year to $35.64 million.
- Medical instruments rose 30.2 percent compared to last year to $26.96 million.
- Orthopedic appliances, artificial body parts fell 2.74 percent compared to last year to $17.51 million.
- Computers fell 5.5 percent compared to last year to $14.68 million.
On the import side:
- Computer chips rose 271.75 percent compared to last year to $153.81 million.
- Printers, all types, parts fell 40.22 percent compared to last year to $103.65 million.
- Saws, drills and other hand tools rose 19.37 percent compared to last year to $100.17 million.
- Nucleic acids and salts, heterocyclic compounds rose 26.18 percent compared to last year to $98.85 million.
- Rubber tires rose 69.42 percent compared to last year to $62.03 million.
Last year International Port of Memphis, Tenn. posted total trade with the world of $7.35 billion. The Port’s deficit was $3.09 billion. Exports totaled $2.13 billion and imports came to $5.22 billion.