Low Value Shipments’s trade increases 34.33 percent through July
Low Value Shipments’s trade with the world rose 34.33 percent, from $2.02 billion to $2.71 billion 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.
Low Value Shipments ranked No. 87 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. 107. It finished No. 96 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 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 July accounted for 0 percent of its trade with the world.
Low Value Shipments had trade surpluses with one countries and deficits with zero through July. That compares with one surpluses and zero deficits for the same period one year earlier. The top surplus through July of this year was , $0. The top deficit through July of this year was , $0.
Through July its top exports only exports by value July was , in that order. Those accounted for 0 percent of its total outbound trade. The Port’s top imports only imports July 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.