|1||Civilian aircraft, parts||$7.49 B|
|2||Motor vehicles for transporting people||$5.12 B|
|3||Motor vehicle parts||$810.57 M|
|4||Rubber tires||$602.04 M|
|5||Polyethers, epoxides and polyesters, primary forms||$503.12 M|
|6||Miscellaneous machines, parts||$438.94 M|
|7||Chemical wood pulp, not dissolving grade||$364.12 M|
|8||Misc. cellulose and chemical derivatives||$348.43 M|
|9||Artificial filament tow||$323.49 M|
|10||Rum, gin, vodka, other liquors||$305.98 M|
|1||Defense-related aircraft, parts||$2.34 B|
|2||Motor vehicle parts||$2.27 B|
|3||Medicines in individual dosages||$1.33 B|
|4||Motor vehicle engines||$895.24 M|
|5||Rubber tires||$819.81 M|
|6||Internal combustion engines||$712.27 M|
|7||Pumps for dispensing liquids||$510.14 M|
|8||Taps, cocks and valves for pipes, tanks||$491.33 M|
|9||Compressors and pumps||$446.01 M|
|10||Ball bearings, roller bearings, parts||$396.92 M|
Port of Charleston’s trade increases 6.73 percent through August
Port of Charleston’s trade with the world rose 6.73 percent, from $56.15 billion to $59.93 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 Charleston ranked No. 13 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 Charleston’s top trade partners were No. 1 Germany, No. 2 China, 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 Germany rose 10.66 percent to $11.01 billion.
Exports rose 23.12 percent to $3.16 billion. Imports rose 6.32 percent to $7.85 billion.
- Trade with No. 2 China rose 2.49 percent to $10.15 billion.
Exports rose 22.87 percent to $4.87 billion. Imports fell 11.11 percent to $5.28 billion.
- Trade with No. 3 Japan rose 22.38 percent to $4.15 billion.
Exports rose 72.72 percent to $1.82 billion. Imports fell 0.31 percent to $2.33 billion.
- Trade with No. 4 United Kingdom fell 21.35 percent to $2.37 billion.
Exports fell 37.72 percent to $1.21 billion. Imports rose 8.39 percent to $1.16 billion.
- Trade with No. 5 India rose 3.53 percent to $2.33 billion.
Exports fell 2.01 percent to $427.66 million. Imports rose 4.87 percent to $1.9 billion.
Port of Charleston’s top five trading partners through August accounted for 50.07 percent of its trade with the world.
Port of Charleston had trade surpluses with 120 countries and deficits with 81 through August. That compares with 102 surpluses and 88 deficits for the same period one year earlier. The top three surpluses through August of this year were with United Arab Emirates, $1.33 billion; Singapore, $594.24 million; and Belgium, $568.49 million. The top three deficits through August of this year were with Germany, $4.69 billion; India, $1.47 billion; and Italy, $925.47 million.
Through August its 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 56.65 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 22.33 percent of all inbound shipments.
Looking more closely at Port of Charleston’s exports:
- Civilian aircraft, parts rose 67.79 percent compared to last year to $7.49 billion.
- Motor vehicles for transporting people rose 6.87 percent compared to last year to $5.12 billion.
- Motor vehicle parts rose 15.61 percent compared to last year to $810.57 million.
- Rubber tires rose 13.07 percent compared to last year to $602.04 million.
- Polyethers, epoxides and polyesters, primary forms rose 27.9 percent compared to last year to $503.12 million.
On the import side:
- Defense-related aircraft, parts fell 11.08 percent compared to last year to $2.34 billion.
- Motor vehicle parts rose 15.17 percent compared to last year to $2.27 billion.
- Medicines in individual dosages fell 6.38 percent compared to last year to $1.33 billion.
- Motor vehicle engines fell 16.85 percent compared to last year to $895.24 million.
- Rubber tires rose 15.32 percent compared to last year to $819.81 million.
Last year Port of Charleston posted total trade with the world of $84.47 billion. The Port’s deficit was $16.03 billion. At the end of the year, the port’s top five trade partners were China, Germany, Japan, United Kingdom and India. Exports totaled $34.22 billion and imports came to $50.25 billion.