|1||Scrap iron, steel||$16.17 M|
|2||Natural waters||$5.48 M|
|3||Aluminum waste and scrap||$3.77 M|
|4||Paper, paperboard scrap||$2.25 M|
|5||Fruit and vegetable juices, not fortified||$1.69 M|
|7||Chicken and other poultry||$1.43 M|
|8||Copper waste and scrap||$1.19 M|
|9||Pork meat, fresh, frozen or chilled||$1.02 M|
|2||Gasoline, other fuels||$217.6 M|
|3||Computer chips||$94.43 M|
|4||Passenger vehicles||$73.4 M|
|5||Coal, briquettes||$19.29 M|
|6||Digital storage devices||$17.14 M|
|7||Furniture, parts||$14.25 M|
|8||Fish fillets, chilled or frozen||$7.9 M|
|9||Portland, aluminous and slag cement||$7.87 M|
|10||LNG, other petroleum gases||$6.8 M|
Port of Honolulu, Hawaii’s trade decreases 23.55 percent through May
Port of Honolulu, Hawaii’s trade with the world fell 23.55 percent, from $1.57 billion to $1.2 billion through the first five 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 $1.48 trillion, with exports at $582.11 billion and imports at $898.44 billion. The nation’s total trade decreased 13.61 percent compared to the same period last year. Exports fell 15.09 percent and imports fell 12.63 percent.
Port of Honolulu, Hawaii ranked No. 103 for total trade among the nation’s roughly 450 airports, seaports and border crossings through May 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 May Port of Honolulu, Hawaii’s top trade partners were No. 1 South Korea, No. 2 Libya, No. 3 Russia, No. 4 Japan and No. 5 Argentina. Through the same period of the previous year, the top trade partners were held by Libya, Japan, South Korea, Russia and China, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 South Korea rose 5.33 percent to $256.3 million.
Exports fell 97.48 percent to $5.72 million. Imports rose 1402.98 percent to $250.59 million.
- Trade with No. 2 Libya fell 52.41 percent to $211.66 million.
There were no exports. Imports totaled $211.66 million.
- Trade with No. 3 Russia fell 12.87 percent to $168.86 million.
There were no exports. Imports totaled $168.86 million.
- Trade with No. 4 Japan fell 48.73 percent to $156.19 million.
Exports fell 96.64 percent to $9.49 million. Imports rose 560.76 percent to $146.7 million.
- Trade with No. 5 Argentina rose 22.28 percent to $65.95 million.
There were no exports. Imports totaled $65.95 million.
Port of Honolulu, Hawaii’s top five trading partners through May accounted for 71.47 percent of its trade with the world.
Port of Honolulu, Hawaii had trade surpluses with 22 countries and deficits with 49 through May. That compares with 50 surpluses and 16 deficits for the same period one year earlier. The top three surpluses through May of this year were with Bangladesh, $13.93 million; Marshall Islands, $3.75 million; and MICRONESIA, $1.98 million. The top three deficits through May of this year were with South Korea, $244.87 million; Libya, $211.66 million; and Russia, $168.86 million.
Through May its top exports were Scrap iron, steel; Natural waters; Aluminum waste and scrap; Paper, paperboard scrap; and Fruit and vegetable juices, not fortified, in that order. Those accounted for 59.31 percent of its total outbound trade. The Port’s top imports were Oil; Gasoline, other fuels; Computer chips; Passenger vehicles; and Coal, briquettes, accounting for 82.66 percent of all inbound shipments.
Looking more closely at Port of Honolulu, Hawaii’s exports:
- Scrap iron, steel fell 10.86 percent compared to last year to $16.17 million.
- Natural waters fell 10.93 percent compared to last year to $5.48 million.
- Aluminum waste and scrap fell 22.16 percent compared to last year to $3.77 million.
- Paper, paperboard scrap fell 30.72 percent compared to last year to $2.25 million.
- Fruit and vegetable juices, not fortified fell 48.56 percent compared to last year to $1.69 million.
On the import side:
- Oil fell 24.85 percent compared to last year to $547.84 million.
- Gasoline, other fuels fell 29.17 percent compared to last year to $217.6 million.
- Computer chips rose 3410.39 percent compared to last year to $94.43 million.
- Passenger vehicles fell 42.15 percent compared to last year to $73.4 million.
- Coal, briquettes fell 4 percent compared to last year to $19.29 million.
Last year Port of Honolulu, Hawaii posted total trade with the world of $3.82 billion. The Port’s deficit was $3.28 billion. Exports totaled $272.43 million and imports came to $3.55 billion.