Low Value Shipments’s trade increases 45.99 percent through May
Low Value Shipments’s trade with the world rose 45.99 percent, from $1.22 billion to $1.78 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.
Low Value Shipments ranked No. 96 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 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 May accounted for 0 percent of its trade with the world.
Low Value Shipments had trade surpluses with one countries and deficits with zero through May. That compares with one surpluses and zero deficits for the same period one year earlier. The top surplus through May of this year was , $0. The top deficit through May of this year was , $0.
Through May its top exports only exports by value May was , in that order. Those accounted for 0 percent of its total outbound trade. The Port’s top imports only imports May was , accounting for 0 percent of all inbound shipments.
Looking more closely at Low Value Shipments’s exports:
- totaled $0. The previous year, there were no exports in this category.
On the import side:
- totaled $0. The previous year, there were no imports in this category.
Last year Low Value Shipments posted total trade with the world of $4.41 billion. The Port’s surplus was $4.41 billion. Exports totaled $4.41 billion and imports came to $0.