|1||Civilian aircraft, parts||$632.5 M|
|2||Computer chips||$423.84 M|
|3||Plasma, vaccines, blood||$76.55 M|
|4||Orthopedic appliances, artificial body parts||$51.22 M|
|5||Misc. medical chemical re-agents||$44.72 M|
|6||Cell phones, related equipment||$40.43 M|
|8||Medical instruments for surgeons, dentists, vets||$26.84 M|
|9||Value added to a returned import||$22.94 M|
|10||Transmission shafts, bearings, gears||$20.73 M|
|1||Printers, all types, parts||$370.2 M|
|2||Cell phones, related equipment||$182.23 M|
|3||Saws, drills and other hand tools||$168.84 M|
|5||Miscellaneous machinery||$157.83 M|
|6||Value added to a returned import||$145.61 M|
|7||Furniture, parts||$106.29 M|
|8||Diesel engines||$104 M|
|9||Rubber tires||$99.38 M|
|10||Seats, excluding barber, dental||$98.37 M|
International Port of Memphis, Tenn.’s trade increases 1.45 percent through October
International Port of Memphis, Tenn.’s trade with the world rose 1.45 percent, from $6.15 billion to $6.23 billion through the first 10 months of 2018 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 $3.51 trillion, with exports at $1.39 trillion and imports at $2.12 trillion. The nation’s total trade increased 9.25 percent compared to the same period last year. Exports rose 8.95 percent and imports rose 9.44 percent.
International Port of Memphis, Tenn. ranked No. 79 for total trade among the nation’s roughly 450 airports, seaports and border crossings through October of 2018. During the same period of 2017 it ranked No. 80. It finished No. 80 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; Port Laredo; Chicago O’Hare International Airport; John F. Kennedy International Airport and Port of Newark.
Through October International Port of Memphis, Tenn.’s top trade parters were No. 1 China, No. 2 Canada, No. 3 Taiwan, No. 4 Vietnam and No. 5 Japan . Through the same period of the previous year, the top trade partners were held by China, Canada, Taiwan, Vietnam and Mexico, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 4.65 percent to $2.9 billion.
Exports fell 58.89 percent to $100.92 million. Imports rose 0.12 percent to $2.8 billion.
- Trade with No. 2 Canada rose 22.85 percent to $793.74 million.
Exports rose 31.23 percent to $674.3 million. Imports fell 9.7 percent to $119.44 million.
- Trade with No. 3 Taiwan rose 12.82 percent to $526.24 million.
Exports rose 3.09 percent to $413.66 million. Imports rose 72.77 percent to $112.58 million.
- Trade with No. 4 Vietnam fell 10 percent to $265.96 million.
Exports rose 7.82 percent to $1.47 million. Imports fell 10.09 percent to $264.49 million.
- Trade with No. 5 Japan rose 42.74 percent to $223.59 million.
Exports rose 73.96 percent to $78.16 million. Imports rose 30.18 percent to $145.43 million.
International Port of Memphis, Tenn.’s top five trading partners through October accounted for 75.48 percent of its trade with the world.
International Port of Memphis, Tenn. had trade surpluses with 100 countries and deficits with 47 through October. That compares with 101 surpluses and 52 deficits for the same period one year earlier. The top three surpluses through October of this year were with Canada, $554.87 million; Taiwan, $301.08 million; and Brazil, $55.87 million. The top three deficits through October of this year were with China, $2.69 billion; Vietnam, $263.02 million; and Singapore, $179.99 million.
Through October it’s top exports were Civilian aircraft, parts; Computer chips; Plasma, vaccines, blood; Orthopedic appliances, artificial body parts; and Misc. medical chemical re-agents, in that order. Those accounted for 68.61 percent of its total outbound trade. The Port’s top imports were Printers, all types, parts; Cell phones, related equipment; Saws, drills and other hand tools; Computers; and Miscellaneous machinery, accounting for 23.5 percent of all inbound shipments.
Looking more closely at International Port of Memphis, Tenn.’s exports:
- Civilian aircraft, parts rose 25.67 percent compared to last year to $632.5 million.
- Computer chips fell 29.96 percent compared to last year to $423.84 million.
- Plasma, vaccines, blood fell 46.02 percent compared to last year to $76.55 million.
- Orthopedic appliances, artificial body parts rose 27.77 percent compared to last year to $51.22 million.
- Misc. medical chemical re-agents rose 11.17 percent compared to last year to $44.72 million.
On the import side:
- Printers, all types, parts rose 17.1 percent compared to last year to $370.2 million.
- Cell phones, related equipment rose 32.03 percent compared to last year to $182.23 million.
- Saws, drills and other hand tools fell 22.91 percent compared to last year to $168.84 million.
- Computers rose 25.18 percent compared to last year to $165.02 million.
- Miscellaneous machinery totaled $157.83 million. The previous year, there were no imports in this category.
Last year International Port of Memphis, Tenn. posted total trade with the world of $7.37 billion. The Port’s deficit was $3.12 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $2.12 billion and imports came to $5.25 billion.