|1||Passenger vehicles||$649.4 M|
|2||Coal, briquettes||$590.49 M|
|3||LNG, other petroleum gases||$493.4 M|
|5||Civilian aircraft, parts||$324.15 M|
|6||Commercial vehicles||$171.88 M|
|7||Harvesting machinery for poultry||$164.73 M|
|8||Regional aircraft, satellites, etc.||$120.67 M|
|9||Self-propelled heavy construction machinery||$86.75 M|
|10||Defense-related aircraft, parts||$85.82 M|
|1||Passenger vehicles||$4.44 B|
|2||Plasma, vaccines, blood||$834.43 M|
|3||Self-propelled heavy construction machinery||$542.22 M|
|4||Aluminum, unwrought||$504.82 M|
|6||Commercial vehicles||$287.7 M|
|7||Tin, unwrought||$206.55 M|
|8||Furniture, parts||$201.13 M|
|10||Ferroalloys 7202||$190.86 M|
Port of Baltimore, Md.’s trade decreases 23.82 percent through May
Port of Baltimore, Md.’s trade with the world fell 23.82 percent, from $25.73 billion to $19.6 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 of Baltimore, Md. ranked No. 22 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 of Baltimore, Md.’s top trade partners were No. 1 Germany, No. 2 Japan, No. 3 China, No. 4 United Kingdom and No. 5 Mexico. Through the same period of the previous year, the top trade partners were held by Germany, Japan, United Kingdom, China and Mexico, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Germany fell 29.45 percent to $1.97 billion.
Exports fell 93.59 percent to $152.51 million. Imports rose 333.82 percent to $1.82 billion.
- Trade with No. 2 Japan fell 33.21 percent to $1.74 billion.
Exports fell 90.68 percent to $194.7 million. Imports rose 201.25 percent to $1.54 billion.
- Trade with No. 3 China fell 19.26 percent to $1.41 billion.
Exports fell 86.2 percent to $216.45 million. Imports rose 567.15 percent to $1.19 billion.
- Trade with No. 4 United Kingdom fell 41.22 percent to $1.27 billion.
Exports fell 88.19 percent to $212.32 million. Imports rose 195.05 percent to $1.05 billion.
- Trade with No. 5 Mexico fell 19.19 percent to $1.13 billion.
Exports fell 85.75 percent to $160.12 million. Imports rose 257.02 percent to $966.44 million.
Port of Baltimore, Md.’s top five trading partners through May accounted for 38.35 percent of its trade with the world.
Port of Baltimore, Md. had trade surpluses with 105 countries and deficits with 72 through May. That compares with 82 surpluses and 96 deficits for the same period one year earlier. The top three surpluses through May of this year were with Saudi Arabia, $181.95 million; Morocco, $167.5 million; and Australia, $156.57 million. The top three deficits through May of this year were with Germany, $1.67 billion; Japan, $1.35 billion; and China, $978 million.
Through May its top exports were Passenger vehicles; Coal, briquettes; LNG, other petroleum gases; Tractors; and Civilian aircraft, parts, in that order. Those accounted for 47.24 percent of its total outbound trade. The Port’s top imports were Passenger vehicles; Plasma, vaccines, blood; Self-propelled heavy construction machinery; Aluminum, unwrought; and Tractors, accounting for 46.26 percent of all inbound shipments.
Looking more closely at Port of Baltimore, Md.’s exports:
- Passenger vehicles fell 51.84 percent compared to last year to $649.4 million.
- Coal, briquettes fell 46.66 percent compared to last year to $590.49 million.
- LNG, other petroleum gases fell 31.72 percent compared to last year to $493.4 million.
- Tractors fell 42.88 percent compared to last year to $352.27 million.
- Civilian aircraft, parts rose 195.82 percent compared to last year to $324.15 million.
On the import side:
- Passenger vehicles fell 29.09 percent compared to last year to $4.44 billion.
- Plasma, vaccines, blood fell 10.9 percent compared to last year to $834.43 million.
- Self-propelled heavy construction machinery fell 35.31 percent compared to last year to $542.22 million.
- Aluminum, unwrought rose 0.03 percent compared to last year to $504.82 million.
- Tractors fell 15.3 percent compared to last year to $386.05 million.
Last year Port of Baltimore, Md. posted total trade with the world of $58.53 billion. The Port’s deficit was $28.59 billion. Exports totaled $14.97 billion and imports came to $43.56 billion.