Midway International Airport’s trade increases 54.42 percent through October

Midway International Airport’s trade with the world rose 54.42 percent, from $9.24 million to $14.26 million 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.

Midway International Airport ranked No. 289 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. 303. It finished No. 305 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 Midway International Airport’s top trade parters were No. 1 Afghanistan, No. 2 United Kingdom, No. 3 China, No. 4 Vietnam and No. 5 India . Through the same period of the previous year, the top trade partners were held by Afghanistan, United Kingdom, Iraq, China and Japan, respectively.

Taking a closer look at its leading trade partners:

• Trade with No. 1 Afghanistan rose 132.45 percent to $3.55 million.
  Exports rose 132.45 percent to $3.55 million. There were no imports.
• Trade with No. 2 United Kingdom rose 47.65 percent to $2.08 million.
  Exports rose 47.65 percent to $2.08 million. There were no imports.
• Trade with No. 3 China rose 209.23 percent to $1.92 million.
  Exports rose 45.99 percent to $596,967. Imports rose 524.82 percent to $1.32 million.
• Trade with No. 4 Vietnam rose 2137.82 percent to $1.05 million.
  Exports rose 8806.08 percent to $1.04 million. Imports fell 88.3 percent to $4,098.
• Trade with No. 5 India rose 222.4 percent to $842,676.
  Exports rose 109.43 percent to $472,939. Imports rose 939.99 percent to $369,737.

Midway International Airport’s top five trading partners through October accounted for 66.15 percent of its trade with the world.

Midway International Airport had trade surpluses with 34 countries and deficits with 11 through October. That compares with 40 surpluses and eight deficits for the same period one year earlier. The top three surpluses through October of this year were with Afghanistan, $3.55 million; United Kingdom, $2.08 million; and Vietnam, $1.04 million. The top three deficits through October of this year were with China, $724,485; The Netherlands, $469,320; and Thailand, $277,616.

Through October it’s top exports were Cell phones, related equipment; Parts and Accessories For Items 8519 to 8521 8522; Misc.nonelectric machinery parts; Miscellaneous machines, parts; and Civilian aircraft, parts, in that order. Those accounted for 70.54 percent of its total outbound trade. The Port’s top imports were Computers; Value added to a returned import; Medicines in individual dosages; Radioactive chemical elements and isotopes; and Optical fibers, accounting for 76.62 percent of all inbound shipments.

Looking more closely at Midway International Airport’s exports:

• Cell phones, related equipment rose 83.67 percent compared to last year to $3.54 million.
• Parts and Accessories For Items 8519 to 8521 8522 totaled $1.8 million. The previous year, there were no exports in this category.
• Misc.nonelectric machinery parts totaled $1.05 million. The previous year, there were no exports in this category.
• Miscellaneous machines, parts rose 299.39 percent compared to last year to $589,904.
• Civilian aircraft, parts rose 403.07 percent compared to last year to $541,603.

On the import side:

• Computers totaled $727,335. The previous year, there were no imports in this category.
• Value added to a returned import rose 6667.39 percent compared to last year to $610,554.
• Medicines in individual dosages totaled $578,763. The previous year, there were no imports in this category.
• Radioactive chemical elements and isotopes totaled $469,320. The previous year, there were no imports in this category.
• Optical fibers totaled $367,218. 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, Germany, Iceland, Norway and The Netherlands. Exports totaled $457,746 and imports came to $18,017.