Low Value Shipments’s trade decreases 1.43 percent through October
Low Value Shipments’s trade with the world fell 1.43 percent, from $3.99 billion to $3.93 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.
Low Value Shipments ranked No. 97 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. 91. It finished No. 87 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 Low Value Shipments’s top trade parters 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 October accounted for 0 percent of its trade with the world.
Low Value Shipments had trade surpluses with zero countries and deficits with zero through October. That compares with zero surpluses and zero deficits for the same period one year earlier. The top surplus through October of this year was Canada, $0. The top deficit through October of this year was Canada, $0.
Through October it’s top exports only exports by value October was , in that order. Those accounted for 0 percent of its total outbound trade. The Port’s top imports only imports October was , accounting for 0 percent of all inbound shipments.
Looking more closely at Low Value Shipments’s exports:
- Low value shipments fell 1.43 percent compared to last year to $4 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 $4.55 billion. The Port’s surplus was $4.55 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $4.55 billion and imports came to $0.