|1||Passenger vehicles||$146.59 M|
|3||Cotton yarn||$100.19 M|
|4||Returned exports, with change||$81.74 M|
|5||Printers, all types, parts||$80.73 M|
|6||Motor vehicle parts||$72.08 M|
|7||Parts for heavy machinery||$67.8 M|
|8||Medical instruments||$64.6 M|
|9||Scrap iron, steel||$53.92 M|
|10||Cell phones, related equipment||$39.1 M|
|1||Sweaters, pullovers, vests, knit or crocheted||$251.8 M|
|2||Cigars, cigarettes||$245.53 M|
|3||T-shirts, tank tops, knit or crocheted||$243.37 M|
|4||Insulated wire, cable||$155.03 M|
|5||Shrimp, other crustaceans||$149.67 M|
|6||Medical instruments||$146.36 M|
|7||Rum, gin, vodka, other liquors||$141.21 M|
|8||Furniture, parts||$131.94 M|
|10||Fish fillets, chilled or frozen||$106.16 M|
Port Miami’s trade decreases 20.84 percent through May
Port Miami’s trade with the world fell 20.84 percent, from $10.98 billion to $8.69 billion through the first five 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 $1.48 trillion, with exports at $582.11 billion and imports at $898.44 billion. The nation’s total trade decreased 13.61 percent compared to the same period last year. Exports fell 15.09 percent and imports fell 12.63 percent.
Port Miami ranked No. 37 for total trade among the nation’s roughly 450 airports, seaports and border crossings through May of 2020.
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; Port of Newark and John F. Kennedy International Airport.
Through May Port Miami’s top trade partners were No. 1 Dominican Republic, No. 2 China, No. 3 Honduras, No. 4 Italy and No. 5 Guatemala. Through the same period of the previous year, the top trade partners were held by Dominican Republic, China, Honduras, El Salvador and Italy, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Dominican Republic fell 25.34 percent to $1.05 billion.
Exports fell 27.09 percent to $520.48 million. Imports fell 23.54 percent to $528.21 million.
- Trade with No. 2 China fell 30.19 percent to $961.39 million.
Exports fell 97.35 percent to $35.05 million. Imports rose 1649.9 percent to $926.34 million.
- Trade with No. 3 Honduras fell 26.72 percent to $580.35 million.
Exports fell 48.72 percent to $244.54 million. Imports rose 6.59 percent to $335.81 million.
- Trade with No. 4 Italy fell 7.52 percent to $434.78 million.
Exports fell 91.4 percent to $35.32 million. Imports rose 574.63 percent to $399.47 million.
- Trade with No. 5 Guatemala fell 4.67 percent to $421.03 million.
Exports fell 27.03 percent to $201.54 million. Imports rose 32.65 percent to $219.49 million.
Port Miami’s top five trading partners through May accounted for 39.66 percent of its trade with the world.
Port Miami had trade surpluses with 100 countries and deficits with 79 through May. That compares with 84 surpluses and 96 deficits for the same period one year earlier. The top three surpluses through May of this year were with Peru, $204.35 million; Costa Rica, $187.6 million; and Jamaica, $165.17 million. The top three deficits through May of this year were with China, $891.28 million; Italy, $364.15 million; and France, $184.23 million.
Through May its top exports were Passenger vehicles; Computers; Cotton yarn; Returned exports, with change; and Printers, all types, parts, in that order. Those accounted for 15.57 percent of its total outbound trade. The Port’s top imports were Sweaters, pullovers, vests, knit or crocheted; Cigars, cigarettes; T-shirts, tank tops, knit or crocheted; Insulated wire, cable; and Shrimp, other crustaceans, accounting for 19.37 percent of all inbound shipments.
Looking more closely at Port Miami’s exports:
- Passenger vehicles fell 10.11 percent compared to last year to $146.59 million.
- Computers fell 13.82 percent compared to last year to $103.29 million.
- Cotton yarn fell 22.42 percent compared to last year to $100.19 million.
- Returned exports, with change fell 32 percent compared to last year to $81.74 million.
- Printers, all types, parts fell 10.94 percent compared to last year to $80.73 million.
On the import side:
- Sweaters, pullovers, vests, knit or crocheted fell 31.19 percent compared to last year to $251.8 million.
- Cigars, cigarettes fell 29.95 percent compared to last year to $245.53 million.
- T-shirts, tank tops, knit or crocheted fell 33.11 percent compared to last year to $243.37 million.
- Insulated wire, cable fell 35.83 percent compared to last year to $155.03 million.
- Shrimp, other crustaceans fell 0.16 percent compared to last year to $149.67 million.
Last year Port Miami posted total trade with the world of $26.6 billion. The Port’s deficit was $6.59 billion. Exports totaled $10.01 billion and imports came to $16.59 billion.