|1||Motor vehicles for transporting people||$325.48 M|
|2||Cotton yarn||$251.29 M|
|4||Motor vehicle parts||$224.95 M|
|5||Printers, all types, parts||$173.19 M|
|6||Returned exports, with change||$172.92 M|
|8||Parts for heavy machinery||$137.27 M|
|9||Scrap iron, steel||$136.76 M|
|10||Synthetic yarn, not retail||$131.36 M|
|1||Sweaters, pullovers, vests, knit or crocheted||$781.45 M|
|2||T-shirts, tank tops, knit or crocheted||$671.61 M|
|3||Cigars, cigarettes||$649.69 M|
|4||Insulated wire, cable||$626.63 M|
|5||Rum, gin, vodka, other liquors||$362.55 M|
|6||Medical instruments for surgeons, dentists, vets||$343.8 M|
|7||Furniture, parts||$323.04 M|
|9||Shrimp, other crustaceans||$312.37 M|
|10||Value added to a returned import||$244.33 M|
Port Miami’s trade increases 8.5 percent through October
Port Miami’s trade with the world rose 8.5 percent, from $19.95 billion to $21.65 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.
Port Miami ranked No. 37 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. 38. It finished No. 39 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 Port Miami’s top trade parters were No. 1 China, No. 2 Dominican Republic, No. 3 Honduras, No. 4 El Salvador and No. 5 Nicaragua . Through the same period of the previous year, the top trade partners were held by China, Dominican Republic, Honduras, Nicaragua and Guatemala, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 3.49 percent to $3.55 billion.
Exports fell 34.6 percent to $128.57 million. Imports rose 5.8 percent to $3.42 billion.
- Trade with No. 2 Dominican Republic rose 18.6 percent to $2.33 billion.
Exports rose 8.87 percent to $1.15 billion. Imports rose 30.01 percent to $1.17 billion.
- Trade with No. 3 Honduras rose 8.16 percent to $1.68 billion.
Exports fell 1.33 percent to $665.91 million. Imports rose 15.44 percent to $1.02 billion.
- Trade with No. 4 El Salvador rose 11.45 percent to $1.02 billion.
Exports rose 5.65 percent to $464.42 million. Imports rose 16.8 percent to $555.81 million.
- Trade with No. 5 Nicaragua rose 3.44 percent to $1.02 billion.
Exports fell 6.04 percent to $195.59 million. Imports rose 6 percent to $819.79 million.
Port Miami’s top five trading partners through October accounted for 44.32 percent of its trade with the world.
Port Miami had trade surpluses with 109 countries and deficits with 92 through October. That compares with 118 surpluses and 78 deficits for the same period one year earlier. The top three surpluses through October of this year were with Colombia, $517.89 million; Panama, $367.65 million; and Peru, $340.01 million. The top three deficits through October of this year were with China, $3.29 billion; Nicaragua, $624.21 million; and France, $517.11 million.
Through October it’s top exports were Motor vehicles for transporting people; Cotton yarn; Computers; Motor vehicle parts; and Printers, all types, parts, in that order. Those accounted for 14.6 percent of its total outbound trade. The Port’s top imports were Sweaters, pullovers, vests, knit or crocheted; T-shirts, tank tops, knit or crocheted; Cigars, cigarettes; Insulated wire, cable; and Rum, gin, vodka, other liquors, accounting for 23.11 percent of all inbound shipments.
Looking more closely at Port Miami’s exports:
- Motor vehicles for transporting people rose 4.66 percent compared to last year to $325.48 million.
- Cotton yarn rose 0.89 percent compared to last year to $251.29 million.
- Computers rose 15.78 percent compared to last year to $232.63 million.
- Motor vehicle parts rose 15.28 percent compared to last year to $224.95 million.
- Printers, all types, parts rose 14.77 percent compared to last year to $173.19 million.
On the import side:
- Sweaters, pullovers, vests, knit or crocheted rose 14.66 percent compared to last year to $781.45 million.
- T-shirts, tank tops, knit or crocheted rose 15.33 percent compared to last year to $671.61 million.
- Cigars, cigarettes rose 9.28 percent compared to last year to $649.69 million.
- Insulated wire, cable rose 6.27 percent compared to last year to $626.63 million.
- Rum, gin, vodka, other liquors rose 6.16 percent compared to last year to $362.55 million.
Last year Port Miami posted total trade with the world of $23.93 billion. The Port’s deficit was $4.98 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $9.47 billion and imports came to $14.45 billion.