Midway International Airport’s trade increases 1028.38 percent through February

Midway International Airport’s trade with the world rose 1028.38 percent, from $788,059 to $8.89 million through the first two 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 $650.55 billion, with exports at $260.05 billion and imports at $390.5 billion. The nation’s total trade increased 1.11 percent compared to the same period last year. Exports rose 2.61 percent and imports rose 0.14 percent.

Midway International Airport ranked No. 235 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February 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; Port of Newark; John F. Kennedy International Airport and Chicago O’Hare International Airport.

Through February Midway International Airport’s top trade parters were No. 1 Thailand, No. 2 Kazakhstan, No. 3 China, No. 4 Germany and No. 5 South Africa . Through the same period of the previous year, the top trade partners were held by Israel, Belgium, Switzerland, United Arab Emirates and China, respectively.

Taking a closer look at its leading trade partners:

• Trade with No. 1 Thailand rose 55407 percent to $5.07 million.
  Exports totaled $5.02 million. Imports rose 409.75 percent to $46,566.
• Trade with No. 2 Kazakhstan totaled $884,296.
  Exports totaled $884,296. There were no imports.
• Trade with No. 3 China rose 1275.24 percent to $618,447.
  Exports rose 4960.09 percent to $515,522. Imports rose 195.91 percent to $102,925.
• Trade with No. 4 Germany rose 2178.66 percent to $308,713.
  Exports totaled $280,721. Imports rose 106.61 percent to $27,992.
• Trade with No. 5 South Africa rose 3545.7 percent to $292,823.
  Exports rose 3545.7 percent to $292,823. There were no imports.

Midway International Airport’s top five trading partners through February accounted for 80.69 percent of its trade with the world.

Midway International Airport had trade surpluses with 24 countries and deficits with six through February. That compares with 10 surpluses and seven deficits for the same period one year earlier. The top three surpluses through February of this year were with Thailand, $4.98 million; Kazakhstan, $884,296; and China, $412,597. The top three deficits through February of this year were with Israel, $269,408; Switzerland, $216,281; and Malaysia, $58,227.

Through February it’s top exports were Synethic, organic coloring matter; Taps, cocks and valves for pipes, tanks; Medical equipment for physicals; Aluminum plates, sheets, strip more than 0.2mm thi; and Misc. plastic plates, sheets and film, in that order. Those accounted for 81.78 percent of its total outbound trade. The Port’s top imports were Medicines in individual dosages; Parts for electrical supplies; Cell phones, related equipment; Electrical supplies, apparatus, less than 1000V; and Travel goods, including handbags, wallets, jewelry, accounting for 91.71 percent of all inbound shipments.

Looking more closely at Midway International Airport’s exports:

• Synethic, organic coloring matter totaled $4.98 million. The previous year, there were no exports in this category.
• Taps, cocks and valves for pipes, tanks totaled $981,800. The previous year, there were no exports in this category.
• Medical equipment for physicals rose 3817.07 percent compared to last year to $314,619.
• Aluminum plates, sheets, strip more than 0.2mm thi totaled $221,533. The previous year, there were no exports in this category.
• Misc. plastic plates, sheets and film totaled $159,291. The previous year, there were no exports in this category.

On the import side:

• Medicines in individual dosages rose 94.71 percent compared to last year to $485,689.
• Parts for electrical supplies totaled $82,403. The previous year, there were no imports in this category.
• Cell phones, related equipment totaled $66,437. The previous year, there were no imports in this category.
• Electrical supplies, apparatus, less than 1000V totaled $35,581. The previous year, there were no imports in this category.
• Travel goods, including handbags, wallets, jewelry totaled $23,082. The previous year, there were no imports in this category.

Last year Midway International Airport posted total trade with the world of $475,763. The Port’s surplus was $439,729 . At the end of the year, the port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $457,746 and imports came to $18,017.