|1||Civilian aircraft, parts||$6.07 B|
|2||Motor vehicles for transporting people||$5.88 B|
|3||Motor vehicle parts||$904.27 M|
|4||Rubber tires||$679.58 M|
|5||Miscellaneous machines, parts||$514.93 M|
|6||Polyethers, epoxides and polyesters, primary forms||$481.43 M|
|7||Chemical wood pulp, not dissolving grade||$443.2 M|
|8||Misc. cellulose and chemical derivatives||$418.8 M|
|9||Rum, gin, vodka, other liquors||$412.15 M|
|10||Artificial filament tow||$390.53 M|
|1||Defense-related aircraft, parts||$3.37 B|
|2||Motor vehicle parts||$2.53 B|
|3||Medicines in individual dosages||$1.79 B|
|4||Motor vehicle engines||$1.35 B|
|5||Rubber tires||$895.16 M|
|6||Diesel engines||$695.55 M|
|7||Compressors and pumps||$583.31 M|
|8||Pumps for dispensing liquids||$547.87 M|
|9||Saws, drills and other hand tools||$532.89 M|
|10||Taps, cocks and valves for pipes, tanks||$529.88 M|
Port of Charleston’s trade increases 8.51 percent through October
Port of Charleston’s trade with the world rose 8.51 percent, from $65.09 billion to $70.63 billion 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 Charleston ranked No. 13 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. 14. It finished No. 14 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 Charleston’s top trade parters were No. 1 China, No. 2 Germany, No. 3 Japan, No. 4 United Kingdom and No. 5 India . Through the same period of the previous year, the top trade partners were held by Germany, China, Japan, United Kingdom and India, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 5.97 percent to $12.7 billion.
Exports rose 1.16 percent to $5.21 billion. Imports rose 9.6 percent to $7.48 billion.
- Trade with No. 2 Germany fell 8.1 percent to $12.45 billion.
Exports fell 1.11 percent to $3.22 billion. Imports fell 10.31 percent to $9.22 billion.
- Trade with No. 3 Japan rose 13.63 percent to $4.43 billion.
Exports rose 0.34 percent to $1.45 billion. Imports rose 21.45 percent to $2.98 billion.
- Trade with No. 4 United Kingdom rose 10.73 percent to $3.58 billion.
Exports rose 5.7 percent to $2.26 billion. Imports rose 20.54 percent to $1.32 billion.
- Trade with No. 5 India rose 6.78 percent to $2.79 billion.
Exports rose 11.53 percent to $547.93 million. Imports rose 5.68 percent to $2.24 billion.
Port of Charleston’s top five trading partners through October accounted for 50.89 percent of its trade with the world.
Port of Charleston had trade surpluses with 108 countries and deficits with 88 through October. That compares with 107 surpluses and 89 deficits for the same period one year earlier. The top three surpluses through October of this year were with Singapore, $1.5 billion; United Kingdom, $934.55 million; and Australia, $606.56 million. The top three deficits through October of this year were with Germany, $6 billion; China, $2.27 billion; and India, $1.69 billion.
Through October it’s top exports were Civilian aircraft, parts; Motor vehicles for transporting people; Motor vehicle parts; Rubber tires; and Miscellaneous machines, parts, in that order. Those accounted for 49.26 percent of its total outbound trade. The Port’s top imports were Defense-related aircraft, parts; Motor vehicle parts; Medicines in individual dosages; Motor vehicle engines; and Rubber tires, accounting for 23.58 percent of all inbound shipments.
Looking more closely at Port of Charleston’s exports:
- Civilian aircraft, parts rose 33.06 percent compared to last year to $6.07 billion.
- Motor vehicles for transporting people fell 2.45 percent compared to last year to $5.88 billion.
- Motor vehicle parts rose 17.05 percent compared to last year to $904.27 million.
- Rubber tires rose 30.65 percent compared to last year to $679.58 million.
- Miscellaneous machines, parts rose 50.61 percent compared to last year to $514.93 million.
On the import side:
- Defense-related aircraft, parts rose 56.03 percent compared to last year to $3.37 billion.
- Motor vehicle parts fell 15.45 percent compared to last year to $2.53 billion.
- Medicines in individual dosages fell 11.03 percent compared to last year to $1.79 billion.
- Motor vehicle engines fell 6.99 percent compared to last year to $1.35 billion.
- Rubber tires fell 2.05 percent compared to last year to $895.16 million.
Last year Port of Charleston posted total trade with the world of $79.09 billion. The Port’s deficit was $13.01 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $33.04 billion and imports came to $46.05 billion.