|1||Optical fibers||$15.64 M|
|2||Civilian aircraft, parts||$11.28 M|
|3||Automatic regulating instruments, parts||$5.78 M|
|4||Laser-based medical equipment, parts||$5.73 M|
|5||Electric motors, generators, not sets||$3.68 M|
|6||Misc. aircraft parts||$2.63 M|
|7||Bicycle, other safety helmets||$2.28 M|
|8||Taps, cocks and valves for pipes, tanks||$2.11 M|
|9||Electrical supplies, apparatus, less than 1000V||$1.09 M|
|10||Insulated wire, cable||$1.08 M|
|1||Regional aircraft, satellites, etc.||$139.75 M|
|2||Returned exports, without change||$17.2 M|
|3||Lathes for removing metal||$4.2 M|
|4||Compressors and pumps||$365,865|
|6||Articles of Nickel, Nesoi 7508||$308,508|
|7||Defense-related aircraft, parts||$303,658|
|9||Medical equipment for physicals||$198,671|
|10||Plates, sticks, tips, etc, of cemets||$117,021|
Port of Hartford, Conn.’s trade decreases 28.53 percent through June
Port of Hartford, Conn.’s trade with the world fell 28.53 percent, from $317.67 million to $227.05 million 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 Hartford, Conn. ranked No. 162 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 Hartford, Conn.’s top trade partners were No. 1 Canada, No. 2 China, No. 3 Singapore, No. 4 United Kingdom and No. 5 Germany. Through the same period of the previous year, the top trade partners were held by Canada, India, Israel, China and Germany, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 5.75 percent to $156.3 million.
Exports fell 94.22 percent to $865,475. Imports rose 3.03 percent to $155.44 million.
- Trade with No. 2 China fell 26.08 percent to $14.86 million.
Exports fell 26.62 percent to $13.83 million. Imports fell 18.03 percent to $1.03 million.
- Trade with No. 3 Singapore fell 11.15 percent to $8.26 million.
Exports fell 11.18 percent to $8.21 million. Imports fell 5.73 percent to $50,000.
- Trade with No. 4 United Kingdom rose 31.89 percent to $7.92 million.
Exports rose 15.4 percent to $6.03 million. Imports rose 141.96 percent to $1.89 million.
- Trade with No. 5 Germany fell 48.27 percent to $6.84 million.
Exports fell 26.31 percent to $6.27 million. Imports fell 87.81 percent to $575,640.
Port of Hartford, Conn.’s top five trading partners through June accounted for 85.53 percent of its trade with the world.
Port of Hartford, Conn. had trade surpluses with 54 countries and deficits with six through June. That compares with 51 surpluses and 12 deficits for the same period one year earlier. The top three surpluses through June of this year were with China, $12.8 million; Singapore, $8.16 million; and Germany, $5.69 million. The top three deficits through June of this year were with Canada, $154.57 million; Japan, $1.36 million; and Taiwan, $74,871.
Through June its top exports were Optical fibers; Civilian aircraft, parts; Automatic regulating instruments, parts; Laser-based medical equipment, parts; and Electric motors, generators, not sets, in that order. Those accounted for 66.35 percent of its total outbound trade. The Port’s top imports were Satellites, related equipment; Returned exports, without change; Lathes for removing metal; Compressors and pumps; and Refrigerators, freezers, accounting for 98.93 percent of all inbound shipments.
Looking more closely at Port of Hartford, Conn.’s exports:
- Optical fibers fell 29.91 percent compared to last year to $15.64 million.
- Civilian aircraft, parts fell 81 percent compared to last year to $11.28 million.
- Automatic regulating instruments, parts fell 16.1 percent compared to last year to $5.78 million.
- Laser-based medical equipment, parts rose 88.68 percent compared to last year to $5.73 million.
- Electric motors, generators, not sets fell 5.22 percent compared to last year to $3.68 million.
On the import side:
- Satellites, related equipment fell 11.78 percent compared to last year to $139.75 million.
- Returned exports, without change rose 191.14 percent compared to last year to $17.2 million.
- Lathes for removing metal rose 2014.87 percent compared to last year to $4.2 million.
- Compressors and pumps rose 451.21 percent compared to last year to $365,865.
- Refrigerators, freezers totaled $322,088. The previous year, there were no imports in this category.
Last year Port of Hartford, Conn. posted total trade with the world of $715.87 million. The Port’s deficit was $206.67 million. Exports totaled $254.6 million and imports came to $461.27 million.