|1||Passenger vehicles||$3.1 B|
|2||Civilian aircraft, parts||$2.84 B|
|3||Motor vehicle parts||$491.35 M|
|4||Rubber tires||$382.55 M|
|5||Polyethers, epoxides and polyesters, primary forms||$337.26 M|
|6||Pork meat, fresh, frozen or chilled||$260.14 M|
|7||Chemical wood pulp, not dissolving grade||$247.35 M|
|8||Misc. cellulose and chemical derivatives||$244.39 M|
|10||Artificial filament tow||$233.15 M|
|1||Motor vehicle parts||$1.3 B|
|2||Medicines in individual dosages||$1.05 B|
|3||Defense-related aircraft, parts||$930.44 M|
|4||Motor vehicle engines||$629.53 M|
|5||Scrap of precious metal||$524.28 M|
|6||Rubber tires||$479.1 M|
|7||Internal combustion engines||$389.32 M|
|8||Taps, cocks and valves for pipes, tanks||$334.77 M|
|9||Pumps for dispensing liquids||$314.23 M|
|10||Furniture, parts||$286.48 M|
Port of Charleston’s trade decreases 15.1 percent through June
Port of Charleston’s trade with the world fell 15.1 percent, from $44.16 billion to $37.49 billion through the first six months of 2020 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 $1.77 trillion, with exports at $687.16 billion and imports at $1.08 trillion. The nation’s total trade decreased 14.28 percent compared to the same period last year. Exports fell 16.57 percent and imports fell 12.75 percent.
Port of Charleston ranked No. 13 for total trade among the nation’s roughly 450 airports, seaports and border crossings through June of 2020.
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 June 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, India and United Kingdom, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Germany fell 12.25 percent to $6.99 billion.
Exports fell 21.2 percent to $1.87 billion. Imports fell 8.47 percent to $5.13 billion.
- Trade with No. 2 China fell 31.41 percent to $5.13 billion.
Exports fell 45.03 percent to $1.99 billion. Imports fell 18.68 percent to $3.14 billion.
- Trade with No. 3 Japan fell 35.49 percent to $1.93 billion.
Exports fell 35.87 percent to $749.96 million. Imports fell 35.24 percent to $1.18 billion.
- Trade with No. 4 United Kingdom rose 6.03 percent to $1.71 billion.
Exports rose 8.75 percent to $812.95 million. Imports rose 3.7 percent to $901.93 million.
- Trade with No. 5 India fell 19.21 percent to $1.38 billion.
Exports fell 16.77 percent to $253.63 million. Imports fell 19.74 percent to $1.13 billion.
Port of Charleston’s top five trading partners through June accounted for 45.74 percent of its trade with the world.
Port of Charleston had trade surpluses with 100 countries and deficits with 90 through June. That compares with 112 surpluses and 79 deficits for the same period one year earlier. The top three surpluses through June of this year were with Canada, $563.53 million; Belgium, $474.09 million; and United Arab Emirates, $366.63 million. The top three deficits through June of this year were with Germany, $3.26 billion; China, $1.16 billion; and India, $877.11 million.
Through June its top exports were Passenger vehicles; Civilian aircraft, parts; Motor vehicle parts; Rubber tires; and Polyethers, epoxides and polyesters, primary forms, in that order. Those accounted for 47.91 percent of its total outbound trade. The Port’s top imports were Motor vehicle parts; Medicines in individual dosages; Defense-related aircraft, parts; Motor vehicle engines; and Scrap of precious metal, accounting for 19.67 percent of all inbound shipments.
Looking more closely at Port of Charleston’s exports:
- Passenger vehicles fell 17.14 percent compared to last year to $3.1 billion.
- Civilian aircraft, parts fell 46.73 percent compared to last year to $2.84 billion.
- Motor vehicle parts fell 17.16 percent compared to last year to $491.35 million.
- Rubber tires fell 15.78 percent compared to last year to $382.55 million.
- Polyethers, epoxides and polyesters, primary forms fell 8.81 percent compared to last year to $337.26 million.
On the import side:
- Motor vehicle parts fell 19.77 percent compared to last year to $1.3 billion.
- Medicines in individual dosages rose 16.05 percent compared to last year to $1.05 billion.
- Defense-related aircraft, parts fell 51.14 percent compared to last year to $930.44 million.
- Motor vehicle engines fell 4.42 percent compared to last year to $629.53 million.
- Scrap of precious metal rose 138.31 percent compared to last year to $524.28 million.
Last year Port of Charleston posted total trade with the world of $90.66 billion. The Port’s deficit was $10.45 billion. Exports totaled $40.1 billion and imports came to $50.55 billion.