Low Value Shipments’s trade decreases 23.76 percent through August
Low Value Shipments’s trade with the world fell 23.76 percent, from $3.16 billion to $2.41 billion through the first eight months of 2019 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 $2.77 trillion, with exports at $1.1 trillion and imports at $1.67 trillion. The nation’s total trade decreased 0.32 percent compared to the same period last year. Exports fell 0.71 percent and imports fell 0.07 percent.
Low Value Shipments ranked No. 106 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August of 2019.
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 August Low Value Shipments’s top trade partners only trade partners was . Through the same period of the previous year, the top trade partners only spots was held by , respectively.
Taking a closer look at its leading trade partners:
Low Value Shipments’s top five trading partners through August accounted for 0 percent of its trade with the world.
Low Value Shipments had trade surpluses with zero countries and deficits with zero through August. That compares with zero surpluses and zero deficits for the same period one year earlier. The top surplus through August of this year was Canada, $0. The top deficit through August of this year was Canada, $0.
Through August its top exports only exports by value August was , in that order. Those accounted for 0 percent of its total outbound trade. The Port’s top imports only imports August was , accounting for 0 percent of all inbound shipments.
Looking more closely at Low Value Shipments’s exports:
- Low value shipments fell 23.76 percent compared to last year to $2 billion.
On the import side:
- Low value shipments totaled $0. The previous year, there were no imports in this category.
Last year Low Value Shipments posted total trade with the world of $5.05 billion. The Port’s surplus was $5.05 billion. At the end of the year, the port’s top five trade partners only partners was . Exports totaled $5.05 billion and imports came to $0.