|1||Civilian aircraft, parts||$1.21 B|
|2||Motor vehicles for transporting people||$1.11 B|
|3||Motor vehicle parts||$159.85 M|
|4||Rubber tires||$155.32 M|
|5||Polyethers, epoxides and polyesters, primary forms||$127.04 M|
|6||Miscellaneous machines, parts||$119.09 M|
|7||Artificial filament tow||$88.61 M|
|8||Misc. cellulose and chemical derivatives||$83.23 M|
|10||Chemical wood pulp, not dissolving grade||$78.45 M|
|1||Defense-related aircraft, parts||$767.86 M|
|2||Motor vehicle parts||$502.49 M|
|3||Medicines in individual dosages||$186.14 M|
|4||Rubber tires||$178.81 M|
|5||Motor vehicle engines||$161.83 M|
|6||Diesel engines||$131.76 M|
|7||Taps, cocks and valves for pipes, tanks||$118.24 M|
|8||Engine parts||$117.28 M|
|9||Compressors and pumps||$113.38 M|
|10||Pumps for dispensing liquids||$106.1 M|
Port of Charleston’s trade increases 8.21 percent through February
Port of Charleston’s trade with the world rose 8.21 percent, from $12.43 billion to $13.45 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 Charleston ranked No. 13 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 Charleston’s top trade parters were No. 1 China, No. 2 Germany, No. 3 Japan, No. 4 India and No. 5 United Kingdom . 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 18.82 percent to $2.62 billion.
Exports rose 64.24 percent to $1.26 billion. Imports fell 5.38 percent to $1.36 billion.
- Trade with No. 2 Germany rose 2.39 percent to $2.32 billion.
Exports rose 16.25 percent to $687.62 million. Imports fell 2.5 percent to $1.64 billion.
- Trade with No. 3 Japan rose 18.14 percent to $888.51 million.
Exports rose 25.85 percent to $265.25 million. Imports rose 15.14 percent to $623.26 million.
- Trade with No. 4 India rose 8.59 percent to $573.66 million.
Exports rose 8.1 percent to $100.61 million. Imports rose 8.69 percent to $473.05 million.
- Trade with No. 5 United Kingdom fell 28.8 percent to $529.35 million.
Exports fell 49.82 percent to $282.37 million. Imports rose 36.64 percent to $246.98 million.
Port of Charleston’s top five trading partners through February accounted for 51.53 percent of its trade with the world.
Port of Charleston had trade surpluses with 91 countries and deficits with 83 through February. That compares with 83 surpluses and 90 deficits for the same period one year earlier. The top three surpluses through February of this year were with United Arab Emirates, $490.09 million; Australia, $152.87 million; and South Africa, $84.75 million. The top three deficits through February of this year were with Germany, $948.33 million; India, $372.45 million; and Japan, $358.01 million.
Through February it’s top exports were Civilian aircraft, parts; Motor vehicles for transporting people; Motor vehicle parts; Rubber tires; and Polyethers, epoxides and polyesters, primary forms, in that order. Those accounted for 51.2 percent of its total outbound trade. The Port’s top imports were Defense-related aircraft, parts; Motor vehicle parts; Medicines in individual dosages; Rubber tires; and Motor vehicle engines, accounting for 22.27 percent of all inbound shipments.
Looking more closely at Port of Charleston’s exports:
- Civilian aircraft, parts rose 84.05 percent compared to last year to $1.21 billion.
- Motor vehicles for transporting people fell 7.13 percent compared to last year to $1.11 billion.
- Motor vehicle parts rose 18.14 percent compared to last year to $159.85 million.
- Rubber tires rose 25.81 percent compared to last year to $155.32 million.
- Polyethers, epoxides and polyesters, primary forms rose 53.78 percent compared to last year to $127.04 million.
On the import side:
- Defense-related aircraft, parts rose 36.92 percent compared to last year to $767.86 million.
- Motor vehicle parts rose 9.82 percent compared to last year to $502.49 million.
- Medicines in individual dosages fell 40.67 percent compared to last year to $186.14 million.
- Rubber tires rose 13.68 percent compared to last year to $178.81 million.
- Motor vehicle engines fell 39.83 percent compared to last year to $161.83 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, The Netherlands, Iceland, Germany and Norway. Exports totaled $33.04 billion and imports came to $46.05 billion.