|1||Motor vehicles for transporting people||$260.86 M|
|2||Cotton yarn||$228.36 M|
|3||Motor vehicle parts||$191.85 M|
|5||Returned exports, with change||$158.09 M|
|6||Printers, all types, parts||$147.72 M|
|7||Scrap iron, steel||$119.95 M|
|8||Cell phones, related equipment||$111.3 M|
|9||Parts for heavy machinery||$110.83 M|
|1||T-shirts, tank tops, knit or crocheted||$618.09 M|
|2||Sweaters, pullovers, vests, knit or crocheted||$606.41 M|
|3||Cigars, cigarettes||$571.8 M|
|4||Insulated wire, cable||$399.01 M|
|5||Furniture, parts||$295.13 M|
|6||Medical instruments for surgeons, dentists, vets||$283 M|
|7||Shrimp, other crustaceans||$263.03 M|
|9||Value added to a returned import||$212.67 M|
|10||Rum, gin, vodka, other liquors||$209.99 M|
Port Miami’s trade increases 2.63 percent through August
Port Miami’s trade with the world rose 2.63 percent, from $17.31 billion to $17.76 billion through the first eight 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 $2.77 trillion, with exports at $1.1 trillion and imports at $1.67 trillion. The nation’s total trade decreased 0.32 percent compared to the same period last year. Exports fell 0.71 percent and imports fell 0.07 percent.
Port Miami ranked No. 37 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August 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; Chicago O’Hare International Airport; Port of Newark and John F. Kennedy International Airport.
Through August Port Miami’s top trade partners were No. 1 Dominican Republic, No. 2 China, No. 3 Honduras, No. 4 Italy and No. 5 El Salvador. Through the same period of the previous year, the top trade partners were held by China, Dominican Republic, Honduras, Guatemala and Nicaragua, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Dominican Republic rose 24.65 percent to $2.3 billion.
Exports rose 23.82 percent to $1.12 billion. Imports rose 25.45 percent to $1.18 billion.
- Trade with No. 2 China fell 21.2 percent to $2.26 billion.
Exports fell 27.67 percent to $81.85 million. Imports fell 20.93 percent to $2.18 billion.
- Trade with No. 3 Honduras fell 2.75 percent to $1.3 billion.
Exports fell 1.28 percent to $514.07 million. Imports fell 3.68 percent to $790.06 million.
- Trade with No. 4 Italy rose 107.75 percent to $790.14 million.
Exports rose 15.71 percent to $112.61 million. Imports rose 139.41 percent to $677.53 million.
- Trade with No. 5 El Salvador fell 3.08 percent to $779.64 million.
Exports rose 3.87 percent to $393.8 million. Imports fell 9.27 percent to $385.84 million.
Port Miami’s top five trading partners through August accounted for 41.88 percent of its trade with the world.
Port Miami had trade surpluses with 103 countries and deficits with 88 through August. That compares with 108 surpluses and 85 deficits for the same period one year earlier. The top three surpluses through August of this year were with Costa Rica, $413.1 million; Colombia, $393.42 million; and Jamaica, $351.77 million. The top three deficits through August of this year were with China, $2.1 billion; Italy, $564.92 million; and France, $419.38 million.
Through August its top exports were Motor vehicles for transporting people; Cotton yarn; Motor vehicle parts; Computers; and Returned exports, with change, in that order. Those accounted for 15.03 percent of its total outbound trade. The Port’s top imports were T-shirts, tank tops, knit or crocheted; Sweaters, pullovers, vests, knit or crocheted; Cigars, cigarettes; Insulated wire, cable; and Furniture, parts, accounting for 22.84 percent of all inbound shipments.
Looking more closely at Port Miami’s exports:
- Motor vehicles for transporting people fell 0.99 percent compared to last year to $260.86 million.
- Cotton yarn rose 14.74 percent compared to last year to $228.36 million.
- Motor vehicle parts rose 4.78 percent compared to last year to $191.85 million.
- Computers rose 3.03 percent compared to last year to $191.38 million.
- Returned exports, with change rose 9.96 percent compared to last year to $158.09 million.
On the import side:
- T-shirts, tank tops, knit or crocheted rose 16.74 percent compared to last year to $618.09 million.
- Sweaters, pullovers, vests, knit or crocheted fell 1.76 percent compared to last year to $606.41 million.
- Cigars, cigarettes rose 12.07 percent compared to last year to $571.8 million.
- Insulated wire, cable fell 21.37 percent compared to last year to $399.01 million.
- Furniture, parts rose 17.48 percent compared to last year to $295.13 million.
Last year Port Miami posted total trade with the world of $25.87 billion. The Port’s deficit was $6.21 billion. At the end of the year, the port’s top five trade partners were China, Dominican Republic, Honduras, El Salvador and Nicaragua. Exports totaled $9.83 billion and imports came to $16.04 billion.