|1||Scrap iron, steel||$160.46 M|
|2||Paper, paperboard scrap||$44.79 M|
|3||Aluminum waste and scrap||$38.01 M|
|4||Mussels, scallops, other mollusks||$37.05 M|
|5||Copper waste and scrap||$29.81 M|
|6||Centrifuges, filters, machines and parts||$24.63 M|
|7||Medical equipment for physicals||$23.89 M|
|8||Plastic plates, sheet, film||$22.78 M|
|9||Motor vehicles for transporting people||$20.98 M|
|10||Misc. coated paper, paperboard||$17.32 M|
|1||Gasoline, other fuels||$1.94 B|
|2||Motor vehicles for transporting people||$503.73 M|
|3||Petroleum gases, other gaseous hydrocarbons||$237.86 M|
|5||Fish fillets, chilled or frozen||$138.11 M|
|6||Rum, gin, vodka, other liquors||$111.85 M|
|7||Furniture, parts||$108.72 M|
|8||Taps, cocks and valves for pipes, tanks||$75.86 M|
|9||Seats, excluding barber, dental||$75.07 M|
|10||Toys, children's bicycles, games||$74.79 M|
Port of Boston’s trade decreases 3.72 percent through August
Port of Boston’s trade with the world fell 3.72 percent, from $7.17 billion to $6.91 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 of Boston ranked No. 74 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 of Boston’s top trade partners were No. 1 China, No. 2 Canada, No. 3 Japan, No. 4 United Kingdom and No. 5 Germany. Through the same period of the previous year, the top trade partners were held by Canada, China, Japan, United Kingdom and Germany, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 4.4 percent to $1.66 billion.
Exports fell 9.87 percent to $236.05 million. Imports fell 3.43 percent to $1.42 billion.
- Trade with No. 2 Canada fell 23.5 percent to $1.4 billion.
Exports fell 83.44 percent to $35,353. Imports fell 23.5 percent to $1.4 billion.
- Trade with No. 3 Japan rose 15.88 percent to $660.7 million.
Exports rose 34.51 percent to $45.32 million. Imports rose 14.71 percent to $615.38 million.
- Trade with No. 4 United Kingdom rose 3.88 percent to $581.83 million.
Exports fell 46.55 percent to $4.23 million. Imports rose 4.6 percent to $577.6 million.
- Trade with No. 5 Germany rose 4.34 percent to $298.06 million.
Exports rose 2.66 percent to $16.39 million. Imports rose 4.44 percent to $281.67 million.
Port of Boston’s top five trading partners through August accounted for 66.63 percent of its trade with the world.
Port of Boston had trade surpluses with 55 countries and deficits with 82 through August. That compares with 58 surpluses and 83 deficits for the same period one year earlier. The top three surpluses through August of this year were with Turkey, $37.77 million; India, $27 million; and Hong Kong, $25.89 million. The top three deficits through August of this year were with Canada, $1.4 billion; China, $1.19 billion; and United Kingdom, $573.37 million.
Through August its top exports were Scrap iron, steel; Paper, paperboard scrap; Aluminum waste and scrap; Mussels, scallops, other mollusks; and Copper waste and scrap, in that order. Those accounted for 37.5 percent of its total outbound trade. The Port’s top imports were Gasoline, other fuels; Motor vehicles for transporting people; Petroleum gases, other gaseous hydrocarbons; Wine; and Fish fillets, chilled or frozen, accounting for 49.36 percent of all inbound shipments.
Looking more closely at Port of Boston’s exports:
- Scrap iron, steel fell 17.08 percent compared to last year to $160.46 million.
- Paper, paperboard scrap rose 7.33 percent compared to last year to $44.79 million.
- Aluminum waste and scrap fell 16.78 percent compared to last year to $38.01 million.
- Mussels, scallops, other mollusks rose 54.66 percent compared to last year to $37.05 million.
- Copper waste and scrap fell 13.3 percent compared to last year to $29.81 million.
On the import side:
- Gasoline, other fuels fell 17.4 percent compared to last year to $1.94 billion.
- Motor vehicles for transporting people rose 13.36 percent compared to last year to $503.73 million.
- Petroleum gases, other gaseous hydrocarbons rose 35.61 percent compared to last year to $237.86 million.
- Wine rose 4.89 percent compared to last year to $181.07 million.
- Fish fillets, chilled or frozen fell 7.95 percent compared to last year to $138.11 million.
Last year Port of Boston posted total trade with the world of $10.53 billion. The Port’s deficit was $7.99 billion. At the end of the year, the port’s top five trade partners were China, Canada, Japan, United Kingdom and Germany. Exports totaled $1.27 billion and imports came to $9.26 billion.