Orlando Executive Airport’s trade decreases 38.09 percent through February

Orlando Executive Airport’s trade with the world fell 38.09 percent, from $5.03 million to $3.11 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.

Orlando Executive Airport ranked No. 263 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 Orlando Executive Airport’s top trade parters were No. 1 Ireland, No. 2 Saudi Arabia, No. 3 Iraq, No. 4 Brazil and No. 5 The Netherlands . Through the same period of the previous year, the top trade partners were held by United Arab Emirates, Brazil, Saudi Arabia, Senegal and Ireland, respectively.

Taking a closer look at its leading trade partners:

• Trade with No. 1 Ireland rose 67.9 percent to $847,098.
  Exports rose 67.9 percent to $847,098. There were no imports.
• Trade with No. 2 Saudi Arabia fell 37.1 percent to $487,004.
  Exports fell 37.1 percent to $487,004. There were no imports.
• Trade with No. 3 Iraq rose 641.21 percent to $434,165.
  Exports rose 641.21 percent to $434,165. There were no imports.
• Trade with No. 4 Brazil fell 55.96 percent to $404,179.
  Exports fell 54.43 percent to $404,179. There were no imports.
• Trade with No. 5 The Netherlands totaled $205,443.
  Exports totaled $205,443. There were no imports.

Orlando Executive Airport’s top five trading partners through February accounted for 76.42 percent of its trade with the world.

Orlando Executive Airport had trade surpluses with 24 countries and deficits with four through February. That compares with 19 surpluses and three deficits for the same period one year earlier. The top three surpluses through February of this year were with Ireland, $847,098; Saudi Arabia, $487,004; and Iraq, $434,165. The top three deficits through February of this year were with Norway, $36,926; Italy, $36,871; and United Kingdom, $11,250.

Through February it’s top exports were Printed circuits; Aircraft engines, engine parts; Taps, cocks and valves for pipes, tanks; Motor vehicle parts; and Medicines in individual dosages, in that order. Those accounted for 60.36 percent of its total outbound trade. The Port’s top imports were Parts for heavy machinery; Iron or steel tube or pipe fittings; Defense-related aircraft, parts; Plastic tableware and other products; and Misc. vegetables, not frozen, accounting for 96.24 percent of all inbound shipments.

Looking more closely at Orlando Executive Airport’s exports:

• Printed circuits rose 90.23 percent compared to last year to $807,144.
• Aircraft engines, engine parts fell 64 percent compared to last year to $453,660.
• Taps, cocks and valves for pipes, tanks fell 56.6 percent compared to last year to $206,223.
• Motor vehicle parts rose 1024.68 percent compared to last year to $188,687.
• Medicines in individual dosages totaled $154,224. The previous year, there were no exports in this category.

On the import side:

• Parts for heavy machinery totaled $36,337. The previous year, there were no imports in this category.
• Iron or steel tube or pipe fittings totaled $35,891. The previous year, there were no imports in this category.
• Defense-related aircraft, parts totaled $25,750. The previous year, there were no imports in this category.
• Plastic tableware and other products totaled $5,868. The previous year, there were no imports in this category.
• Misc. vegetables, not frozen fell 59.47 percent compared to last year to $4,896.

Last year Orlando Executive Airport posted total trade with the world of $14.61 million. The Port’s surplus was $10.37 million . At the end of the year, the port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $12.49 million and imports came to $2.12 million.