|1||Civilian aircraft, parts||$17.46 M|
|2||Optical fibers||$5.33 M|
|3||Automatic regulating instruments, parts||$1.94 M|
|4||Aircraft engines, engine parts||$1.5 M|
|5||Electric motors, generators, not sets||$1.14 M|
|7||Laser-based medical equipment, parts||$772,090|
|8||Taps, cocks and valves for pipes, tanks||$486,574|
|9||Electrical supplies, apparatus, less than 1000V||$477,110|
|10||Medical instruments for surgeons, dentists, vets||$463,547|
|1||Aircraft, Spacecraft, Satellites||$9.6 M|
|2||Value added to a returned import||$876,415|
|3||Defense-related aircraft, parts||$231,479|
|4||Lathes for removing metal||$198,640|
|5||Power supplies, transformers||$132,351|
|6||Misc. iron and steel articles||$108,660|
|7||Knives & Blades For Machines & Appliances, B 8208||$28,329|
|8||Metal-cutting shears, pliers, files, rasps, etc.||$24,615|
|9||Returned exports, with change||$18,675|
|10||Photo-sensitive semi-conductors, parts||$16,744|
Port of Hartford, Conn.’s trade decreases 46.44 percent through February
Port of Hartford, Conn.’s trade with the world fell 46.44 percent, from $84.73 million to $45.38 million 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 Hartford, Conn. ranked No. 178 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 Hartford, Conn.’s top trade parters were No. 1 Canada, No. 2 China, No. 3 Germany, No. 4 Singapore and No. 5 United Kingdom . Through the same period of the previous year, the top trade partners were held by Canada, Hong Kong, Germany, Singapore and United Kingdom, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 58.37 percent to $25.03 million.
Exports rose 654.75 percent to $14.92 million. Imports fell 82.61 percent to $10.12 million.
- Trade with No. 2 China rose 212.79 percent to $4.56 million.
Exports rose 185.28 percent to $4.09 million. Imports rose 1875.09 percent to $468,530.
- Trade with No. 3 Germany fell 39.4 percent to $2.59 million.
Exports fell 0.37 percent to $2.57 million. Imports fell 98.96 percent to $17,614.
- Trade with No. 4 Singapore fell 19.22 percent to $2.54 million.
Exports fell 19.22 percent to $2.54 million. There were no imports.
- Trade with No. 5 United Kingdom fell 30.58 percent to $1.61 million.
Exports fell 43.77 percent to $1.24 million. Imports rose 243.62 percent to $364,711.
Port of Hartford, Conn.’s top five trading partners through February accounted for 80.05 percent of its trade with the world.
Port of Hartford, Conn. had trade surpluses with 44 countries and deficits with seven through February. That compares with 47 surpluses and four deficits for the same period one year earlier. The top three surpluses through February of this year were with Canada, $4.8 million; China, $3.62 million; and Germany, $2.55 million. The top three deficits through February of this year were with Spain, $164,508; Brunei, $28,417; and Peru, $10,899.
Through February it’s top exports were Civilian aircraft, parts; Optical fibers; Automatic regulating instruments, parts; Aircraft engines, engine parts; and Electric motors, generators, not sets, in that order. Those accounted for 80.45 percent of its total outbound trade. The Port’s top imports were Aircraft, Spacecraft, Satellites; Value added to a returned import; Defense-related aircraft, parts; Lathes for removing metal; and Power supplies, transformers, accounting for 97.28 percent of all inbound shipments.
Looking more closely at Port of Hartford, Conn.’s exports:
- Civilian aircraft, parts rose 255.91 percent compared to last year to $17.46 million.
- Optical fibers fell 28.95 percent compared to last year to $5.33 million.
- Automatic regulating instruments, parts fell 35.06 percent compared to last year to $1.94 million.
- Aircraft engines, engine parts fell 16.65 percent compared to last year to $1.5 million.
- Electric motors, generators, not sets fell 34.06 percent compared to last year to $1.14 million.
On the import side:
- Aircraft, Spacecraft, Satellites fell 83.41 percent compared to last year to $9.6 million.
- Value added to a returned import rose 56.25 percent compared to last year to $876,415.
- Defense-related aircraft, parts totaled $231,479. The previous year, there were no imports in this category.
- Lathes for removing metal totaled $198,640. The previous year, there were no imports in this category.
- Power supplies, transformers totaled $132,351. The previous year, there were no imports in this category.
Last year Port of Hartford, Conn. posted total trade with the world of $0. The Port’s deficit was $0 . At the end of the year, the port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $0 and imports came to $0.