|1||Cell phones, related equipment||$3.07 M|
|3||Miscellaneous electrical machinery||$95,381|
|5||Lamp and lighting parts||$21,604|
|6||Miscellaneous machines, parts||$21,174|
|7||Plastic boxes, containers||$20,280|
|8||Value added to a returned import||$8,386|
|10||Electric motors, generators, not sets||$3,750|
|1||Value added to a returned import||$37.68 M|
|2||Petroleum products||$13.47 M|
|3||Machinery, parts for semiconductor manufacturing||$9.48 M|
|4||Coal, briquettes||$8.62 M|
|5||Power supplies, transformers||$4.84 M|
|6||Miscellaneous electrical machinery||$473,828|
|7||Miscellaneous machine parts||$313,054|
|8||Electromagnets, permanent magnets and parts||$268,163|
|9||Medical instruments for surgeons, dentists, vets||$223,298|
|10||Electrical boards, panels and switches||$200,797|
Port of Bridgeport, Conn.’s trade decreases 58.79 percent through October
Port of Bridgeport, Conn.’s trade with the world fell 58.79 percent, from $194.15 million to $80.01 million through the first 10 months of 2018 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 $3.51 trillion, with exports at $1.39 trillion and imports at $2.12 trillion. The nation’s total trade increased 9.25 percent compared to the same period last year. Exports rose 8.95 percent and imports rose 9.44 percent.
Port of Bridgeport, Conn. ranked No. 227 for total trade among the nation’s roughly 450 airports, seaports and border crossings through October of 2018. During the same period of 2017 it ranked No. 187. It finished No. 194 in the last full year.
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; John F. Kennedy International Airport and Port of Newark.
Through October Port of Bridgeport, Conn.’s top trade parters were No. 1 The Netherlands, No. 2 Canada, No. 3 Indonesia, No. 4 Germany and No. 5 Hong Kong . Through the same period of the previous year, the top trade partners were held by The Netherlands, Canada, Germany, Taiwan and South Korea, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 The Netherlands fell 58.33 percent to $41.91 million.
There were no exports. Imports fell 58.33 percent to $41.91 million.
- Trade with No. 2 Canada fell 51.77 percent to $13.66 million.
Exports fell 99.05 percent to $132,688. Imports fell 6.11 percent to $13.52 million.
- Trade with No. 3 Indonesia totaled $8.62 million.
There were no exports. Imports totaled $8.62 million.
- Trade with No. 4 Germany fell 61.76 percent to $7.68 million.
Exports totaled $3,750. Imports fell 61.78 percent to $7.68 million.
- Trade with No. 5 Hong Kong rose 491.18 percent to $3.08 million.
Exports rose 5807.01 percent to $3.07 million. Imports fell 97.79 percent to $10,334.
Port of Bridgeport, Conn.’s top five trading partners through October accounted for 93.67 percent of its trade with the world.
Port of Bridgeport, Conn. had trade surpluses with five countries and deficits with 17 through October. That compares with two surpluses and 24 deficits for the same period one year earlier. The top three surpluses through October of this year were with Hong Kong, $3.06 million; Malaysia, $120,076; and Pakistan, $20,280. The top three deficits through October of this year were with The Netherlands, $41.91 million; Canada, $13.39 million; and Indonesia, $8.62 million.
Through October it’s top exports were Cell phones, related equipment; Medical technology; Miscellaneous electrical machinery; Computers; and Lamp and lighting parts, in that order. Those accounted for 98.04 percent of its total outbound trade. The Port’s top imports were Value added to a returned import; Petroleum products; Machinery, parts for semiconductor manufacturing; Coal, briquettes; and Power supplies, transformers, accounting for 96.75 percent of all inbound shipments.
Looking more closely at Port of Bridgeport, Conn.’s exports:
- Cell phones, related equipment totaled $3.07 million. The previous year, there were no exports in this category.
- Medical technology totaled $117,248. The previous year, there were no exports in this category.
- Miscellaneous electrical machinery rose 2672.7 percent compared to last year to $95,381.
- Computers fell 49.95 percent compared to last year to $49,382.
- Lamp and lighting parts totaled $21,604. The previous year, there were no exports in this category.
On the import side:
- Value added to a returned import fell 51.29 percent compared to last year to $37.68 million.
- Petroleum products rose 103.68 percent compared to last year to $13.47 million.
- Machinery, parts for semiconductor manufacturing fell 82.35 percent compared to last year to $9.48 million.
- Coal, briquettes totaled $8.62 million. The previous year, there were no imports in this category.
- Power supplies, transformers rose 1439.89 percent compared to last year to $4.84 million.
Last year Port of Bridgeport, Conn. 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, Germany, Iceland, Norway and The Netherlands. Exports totaled $0 and imports came to $0.