|1||Civilian aircraft, parts||$63.76 M|
|2||Optical fibers||$29.43 M|
|3||Automatic regulating instruments, parts||$8.78 M|
|4||Aircraft engines, engine parts||$5.54 M|
|5||Laser-based medical equipment, parts||$5.23 M|
|6||Electric motors, generators, not sets||$5.01 M|
|7||Electrical supplies, apparatus, less than 1000V||$2.86 M|
|8||Taps, cocks and valves for pipes, tanks||$2.67 M|
|9||Electrical boards, panels and switches||$1.92 M|
|10||Instruments to measure flow levels, parts||$1.57 M|
|1||Aircraft, Spacecraft, Satellites||$196.08 M|
|2||Navigational equipment||$25 M|
|3||Value added to a returned import||$8.54 M|
|4||Iron and steel bars, hot-worked||$4.56 M|
|5||Lathes for removing metal||$950,816|
|6||Aircraft engines, engine parts||$800,040|
|7||Misc. iron and steel articles||$540,077|
|8||Medical instruments for surgeons, dentists, vets||$506,017|
|9||Synthetic filament yarn, not for retail||$272,921|
|10||Defense-related aircraft, parts||$231,479|
Port of Hartford, Conn.’s trade decreases 8.04 percent through August
Port of Hartford, Conn.’s trade with the world fell 8.04 percent, from $418.56 million to $384.9 million 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 Hartford, Conn. ranked No. 166 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 Hartford, Conn.’s top trade partners were No. 1 Canada, No. 2 India, No. 3 China, No. 4 Israel and No. 5 Germany. Through the same period of the previous year, the top trade partners were held by Canada, France, Mexico, Hong Kong and British Virgin Islands, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 11.72 percent to $204.42 million.
Exports rose 60.16 percent to $15.86 million. Imports fell 14.93 percent to $188.55 million.
- Trade with No. 2 India rose 8155.61 percent to $36.7 million.
Exports rose 8941.11 percent to $36.68 million. Imports fell 47.9 percent to $20,240.
- Trade with No. 3 China rose 214.15 percent to $26.79 million.
Exports rose 198.5 percent to $25.1 million. Imports rose 1312.02 percent to $1.69 million.
- Trade with No. 4 Israel rose 1452.76 percent to $26.41 million.
Exports fell 16.62 percent to $1.41 million. Imports rose 335651 percent to $25 million.
- Trade with No. 5 Germany rose 0.95 percent to $15.53 million.
Exports fell 6.85 percent to $10.76 million. Imports rose 24.51 percent to $4.76 million.
Port of Hartford, Conn.’s top five trading partners through August accounted for 80.5 percent of its trade with the world.
Port of Hartford, Conn. had trade surpluses with 59 countries and deficits with 12 through August. That compares with 58 surpluses and five deficits for the same period one year earlier. The top three surpluses through August of this year were with India, $36.66 million; China, $23.41 million; and Singapore, $12.54 million. The top three deficits through August of this year were with Canada, $172.69 million; Israel, $23.59 million; and Brazil, $7.1 million.
Through August its top exports were Civilian aircraft, parts; Optical fibers; Automatic regulating instruments, parts; Aircraft engines, engine parts; and Laser-based medical equipment, parts, in that order. Those accounted for 77.3 percent of its total outbound trade. The Port’s top imports were Aircraft, Spacecraft, Satellites; Navigational equipment; Value added to a returned import; Iron and steel bars, hot-worked; and Lathes for removing metal, accounting for 98.37 percent of all inbound shipments.
Looking more closely at Port of Hartford, Conn.’s exports:
- Civilian aircraft, parts fell 16.66 percent compared to last year to $63.76 million.
- Optical fibers fell 7.45 percent compared to last year to $29.43 million.
- Automatic regulating instruments, parts fell 0.5 percent compared to last year to $8.78 million.
- Aircraft engines, engine parts fell 35.15 percent compared to last year to $5.54 million.
- Laser-based medical equipment, parts rose 23.4 percent compared to last year to $5.23 million.
On the import side:
- Aircraft, Spacecraft, Satellites fell 20.74 percent compared to last year to $196.08 million.
- Navigational equipment rose 27602 percent compared to last year to $25 million.
- Value added to a returned import rose 170.87 percent compared to last year to $8.54 million.
- Iron and steel bars, hot-worked totaled $4.56 million. The previous year, there were no imports in this category.
- Lathes for removing metal totaled $950,816. The previous year, there were no imports in this category.
Last year Port of Hartford, Conn. posted total trade with the world of $812.06 million. The Port’s deficit was $359.33 million. At the end of the year, the port’s top five trade partners were Canada, France, Singapore, Hong Kong and United Kingdom. Exports totaled $226.37 million and imports came to $585.7 million.