|1||Scrap iron, steel||$15.1 M|
|2||Paper, paperboard scrap||$11.66 M|
|3||Mussels, scallops, other mollusks||$8.22 M|
|4||Aluminum waste and scrap||$7.93 M|
|5||Medical equipment for physicals||$6.76 M|
|6||Plastic plates, sheet, film||$5.92 M|
|7||Copper waste and scrap||$5.92 M|
|8||Motor vehicles for transporting people||$5.88 M|
|9||Misc. coated paper, paperboard||$4.88 M|
|10||Equipment, parts for exercising||$4.81 M|
|1||Gasoline, other fuels||$410.16 M|
|2||Petroleum gases, other gaseous hydrocarbons||$163.22 M|
|3||Motor vehicles for transporting people||$116.93 M|
|4||Fish fillets, chilled or frozen||$37.98 M|
|6||Furniture, parts||$28.18 M|
|7||Toys, children's bicycles, games||$22.64 M|
|8||Seats, excluding barber, dental||$21.92 M|
|9||Taps, cocks and valves for pipes, tanks||$20.71 M|
|10||Coconut, Palm Kernel or Babassu Oil Etc, No C 1513||$18.96 M|
Port of Boston’s trade decreases 10.92 percent through February
Port of Boston’s trade with the world fell 10.92 percent, from $1.84 billion to $1.64 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 of Boston ranked No. 71 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 of Boston’s top trade parters were No. 1 China, No. 2 Canada, No. 3 Japan, No. 4 Trinidad and Tobago and No. 5 United Kingdom . Through the same period of the previous year, the top trade partners were held by Canada, China, Japan, United Kingdom and Italy, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 2.15 percent to $435.92 million.
Exports fell 27.41 percent to $51.92 million. Imports rose 2.69 percent to $384 million.
- Trade with No. 2 Canada fell 33.19 percent to $309.16 million.
Exports fell 80.41 percent to $12,802. Imports fell 33.19 percent to $309.15 million.
- Trade with No. 3 Japan fell 14.55 percent to $155.18 million.
Exports rose 26.51 percent to $11.39 million. Imports fell 16.69 percent to $143.79 million.
- Trade with No. 4 Trinidad and Tobago rose 132.58 percent to $134.13 million.
Exports totaled $159,819. Imports rose 132.31 percent to $133.97 million.
- Trade with No. 5 United Kingdom rose 2.65 percent to $97.32 million.
Exports fell 53.49 percent to $857,242. Imports rose 3.76 percent to $96.46 million.
Port of Boston’s top five trading partners through February accounted for 68.94 percent of its trade with the world.
Port of Boston had trade surpluses with 43 countries and deficits with 69 through February. That compares with 40 surpluses and 69 deficits for the same period one year earlier. The top three surpluses through February of this year were with Turkey, $7.25 million; Hong Kong, $4.76 million; and Nigeria, $3.42 million. The top three deficits through February of this year were with China, $332.09 million; Canada, $309.14 million; and Trinidad and Tobago, $133.81 million.
Through February it’s top exports were Scrap iron, steel; Paper, paperboard scrap; Mussels, scallops, other mollusks; Aluminum waste and scrap; and Medical equipment for physicals, in that order. Those accounted for 30.16 percent of its total outbound trade. The Port’s top imports were Gasoline, other fuels; Petroleum gases, other gaseous hydrocarbons; Motor vehicles for transporting people; Fish fillets, chilled or frozen; and Wine, accounting for 51.34 percent of all inbound shipments.
Looking more closely at Port of Boston’s exports:
- Scrap iron, steel fell 74.96 percent compared to last year to $15.1 million.
- Paper, paperboard scrap rose 19.64 percent compared to last year to $11.66 million.
- Mussels, scallops, other mollusks rose 20.49 percent compared to last year to $8.22 million.
- Aluminum waste and scrap fell 37.01 percent compared to last year to $7.93 million.
- Medical equipment for physicals fell 30.47 percent compared to last year to $6.76 million.
On the import side:
- Gasoline, other fuels fell 25.93 percent compared to last year to $410.16 million.
- Petroleum gases, other gaseous hydrocarbons rose 50.18 percent compared to last year to $163.22 million.
- Motor vehicles for transporting people fell 21.67 percent compared to last year to $116.93 million.
- Fish fillets, chilled or frozen fell 4.28 percent compared to last year to $37.98 million.
- Wine fell 6.26 percent compared to last year to $29.99 million.
Last year Port of Boston posted total trade with the world of $0. The Port’s deficit was $0 . At the end of the year, the port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $0 and imports came to $0.