|1||Motor vehicles for transporting people||$58.9 M|
|3||Cotton yarn||$49.81 M|
|4||Motor vehicle parts||$49.44 M|
|5||Returned exports, with change||$38.11 M|
|6||Printers, all types, parts||$36.65 M|
|7||Parts for heavy machinery||$24.37 M|
|8||Synthetic yarn, not retail||$23.04 M|
|9||Cell phones, related equipment||$22.4 M|
|1||Sweaters, pullovers, vests, knit or crocheted||$129.49 M|
|2||T-shirts, tank tops, knit or crocheted||$122.28 M|
|3||Cigars, cigarettes||$120.07 M|
|4||Insulated wire, cable||$91.19 M|
|5||Furniture, parts||$73.64 M|
|6||Medical instruments for surgeons, dentists, vets||$64.1 M|
|7||Shrimp, other crustaceans||$58.35 M|
|10||Fish fillets, chilled or frozen||$49.96 M|
Port Miami’s trade increases 5.7 percent through February
Port Miami’s trade with the world rose 5.7 percent, from $3.88 billion to $4.1 billion 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.
Port Miami ranked No. 38 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 Port Miami’s top trade parters were No. 1 China, No. 2 Dominican Republic, No. 3 Honduras, No. 4 Guatemala 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 El Salvador, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 9.24 percent to $587.64 million.
Exports fell 40.42 percent to $20.4 million. Imports fell 7.49 percent to $567.24 million.
- Trade with No. 2 Dominican Republic rose 29.19 percent to $510.62 million.
Exports rose 20.55 percent to $253.49 million. Imports rose 39 percent to $257.13 million.
- Trade with No. 3 Honduras fell 6.13 percent to $293.48 million.
Exports fell 0.97 percent to $122.05 million. Imports fell 9.48 percent to $171.43 million.
- Trade with No. 4 Guatemala fell 22.31 percent to $183.64 million.
Exports fell 39.15 percent to $74.85 million. Imports fell 4.04 percent to $108.8 million.
- Trade with No. 5 El Salvador fell 3.02 percent to $175.99 million.
Exports fell 5.13 percent to $83.7 million. Imports fell 1.01 percent to $92.29 million.
Port Miami’s top five trading partners through February accounted for 42.7 percent of its trade with the world.
Port Miami had trade surpluses with 82 countries and deficits with 80 through February. That compares with 94 surpluses and 67 deficits for the same period one year earlier. The top three surpluses through February of this year were with Costa Rica, $88.85 million; Colombia, $87.89 million; and Jamaica, $72.91 million. The top three deficits through February of this year were with China, $546.84 million; Italy, $156.36 million; and Nicaragua, $98.49 million.
Through February it’s top exports were Motor vehicles for transporting people; Computers; Cotton yarn; Motor vehicle parts; and Returned exports, with change, in that order. Those accounted for 15.84 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 Furniture, parts, accounting for 21.13 percent of all inbound shipments.
Looking more closely at Port Miami’s exports:
- Motor vehicles for transporting people rose 10.62 percent compared to last year to $58.9 million.
- Computers rose 27.39 percent compared to last year to $50.94 million.
- Cotton yarn rose 0.65 percent compared to last year to $49.81 million.
- Motor vehicle parts rose 13.51 percent compared to last year to $49.44 million.
- Returned exports, with change fell 31.46 percent compared to last year to $38.11 million.
On the import side:
- Sweaters, pullovers, vests, knit or crocheted fell 13.01 percent compared to last year to $129.49 million.
- T-shirts, tank tops, knit or crocheted rose 16.62 percent compared to last year to $122.28 million.
- Cigars, cigarettes rose 24.58 percent compared to last year to $120.07 million.
- Insulated wire, cable fell 11.98 percent compared to last year to $91.19 million.
- Furniture, parts rose 32.22 percent compared to last year to $73.64 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, The Netherlands, Iceland, Germany and Norway. Exports totaled $9.47 billion and imports came to $14.45 billion.