|1||Chemical wood pulp, not dissolving grade||$267.83 M|
|2||Nylon, polyester, other polyamides||$228.82 M|
|3||Gasoline, other fuels||$113.78 M|
|4||Polyethers, epoxides and polyesters, primary forms||$87.92 M|
|5||Chicken and other poultry||$67.18 M|
|6||Wood, sawed or chipped, greater than 6 meters thic||$63.85 M|
|7||Misc. flat rolled steel alloy more than 600mm||$62.8 M|
|8||Parts for heavy machinery||$44.67 M|
|9||Misc. coloring preparations and materials||$38.92 M|
|10||Amine-function compounds||$33.56 M|
|2||Defense-related aircraft, parts||$474.33 M|
|3||Semifinished products of Iron, nonalloy steel||$330.67 M|
|4||Steel ingots||$293.96 M|
|5||Motor vehicle parts||$273.93 M|
|6||Pig iron||$178.03 M|
|7||Transmission shafts, bearings, gears||$125.44 M|
|8||Ash and residues, with metal content||$78.95 M|
|9||Chemical wood pulp, not dissolving grade||$70.49 M|
|10||Electrical boards, panels and switches||$69.65 M|
Port of Mobile, Ala.’s trade decreases 15.88 percent through May
Port of Mobile, Ala.’s trade with the world fell 15.88 percent, from $7.55 billion to $6.35 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 Mobile, Ala. ranked No. 52 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 Mobile, Ala.’s top trade partners were No. 1 China, No. 2 South Korea, No. 3 Mexico, No. 4 Brazil and No. 5 Germany. Through the same period of the previous year, the top trade partners were held by Mexico, China, South Korea, Brazil and Germany, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 7.16 percent to $1.28 billion.
Exports fell 63.48 percent to $362.18 million. Imports rose 356.93 percent to $915.19 million.
- Trade with No. 2 South Korea fell 4.11 percent to $1 billion.
Exports fell 91.19 percent to $85.24 million. Imports rose 1039.93 percent to $919.67 million.
- Trade with No. 3 Mexico fell 38.98 percent to $859.26 million.
Exports fell 85.36 percent to $162.49 million. Imports rose 133.71 percent to $696.77 million.
- Trade with No. 4 Brazil fell 41.03 percent to $552.47 million.
Exports fell 96.49 percent to $31.54 million. Imports rose 1279.43 percent to $520.93 million.
- Trade with No. 5 Germany fell 15.57 percent to $247.99 million.
Exports fell 94.5 percent to $15.14 million. Imports rose 1156.3 percent to $232.85 million.
Port of Mobile, Ala.’s top five trading partners through May accounted for 62.03 percent of its trade with the world.
Port of Mobile, Ala. had trade surpluses with 71 countries and deficits with 60 through May. That compares with 56 surpluses and 77 deficits for the same period one year earlier. The top three surpluses through May of this year were with Belgium, $67.2 million; Japan, $62.65 million; and Dominican Republic, $61.32 million. The top three deficits through May of this year were with South Korea, $834.42 million; China, $553.01 million; and Mexico, $534.27 million.
Through May its top exports were Chemical wood pulp, not dissolving grade; Nylon, polyester, other polyamides; Gasoline, other fuels; Polyethers, epoxides and polyesters, primary forms; and Chicken and other poultry, in that order. Those accounted for 49.23 percent of its total outbound trade. The Port’s top imports were Oil; Defense-related aircraft, parts; Semifinished products of Iron, nonalloy steel; Steel ingots; and Motor vehicle parts, accounting for 41.43 percent of all inbound shipments.
Looking more closely at Port of Mobile, Ala.’s exports:
- Chemical wood pulp, not dissolving grade rose 8.09 percent compared to last year to $267.83 million.
- Nylon, polyester, other polyamides fell 24.52 percent compared to last year to $228.82 million.
- Gasoline, other fuels fell 29.63 percent compared to last year to $113.78 million.
- Polyethers, epoxides and polyesters, primary forms rose 333.2 percent compared to last year to $87.92 million.
- Chicken and other poultry rose 50.36 percent compared to last year to $67.18 million.
On the import side:
- Oil fell 39.69 percent compared to last year to $615.67 million.
- Defense-related aircraft, parts fell 17.55 percent compared to last year to $474.33 million.
- Semifinished products of Iron, nonalloy steel fell 18.25 percent compared to last year to $330.67 million.
- Steel ingots fell 27.81 percent compared to last year to $293.96 million.
- Motor vehicle parts fell 10.01 percent compared to last year to $273.93 million.
Last year Port of Mobile, Ala. posted total trade with the world of $17.71 billion. The Port’s deficit was $9.41 billion. Exports totaled $4.15 billion and imports came to $13.56 billion.