|1||Polyamides, primary forms||$603.23 M|
|2||Chemical wood pulp, not dissolving grade||$531.85 M|
|3||Stainless steel, not less than 600mm wide||$304.09 M|
|4||Gasoline, other fuels||$301.08 M|
|5||Wood, sawed or chipped, greater than 6 meters thic||$214.73 M|
|6||Misc. flat rolled steel alloy more than 600mm||$171.5 M|
|7||Binders for found molds; chemical products||$158.73 M|
|9||Poultry, fresh, chilled or frozen||$93.97 M|
|10||Misc. coloring preparations and materials||$84.92 M|
|2||Defense-related aircraft, parts||$872.65 M|
|3||Steel ingots||$744.89 M|
|4||Semifinished products of Iron, nonalloy steel||$725.97 M|
|5||Motor vehicle parts||$424.21 M|
|6||Pig iron||$373.41 M|
|7||Ferroalloys 7202||$283.09 M|
|8||Transmission shafts, bearings, gears||$270.56 M|
|9||Chemical wood pulp, not dissolving grade||$249.03 M|
|10||Aluminum, unwrought||$186.78 M|
Port of Mobile, Ala.’s trade increases 12.27 percent through October
Port of Mobile, Ala.’s trade with the world rose 12.27 percent, from $12.81 billion to $14.38 billion through the first 10 months of 2018 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 $3.51 trillion, with exports at $1.39 trillion and imports at $2.12 trillion. The nation’s total trade increased 9.25 percent compared to the same period last year. Exports rose 8.95 percent and imports rose 9.44 percent.
Port of Mobile, Ala. ranked No. 54 for total trade among the nation’s roughly 450 airports, seaports and border crossings through October of 2018. During the same period of 2017 it ranked No. 53. It finished No. 52 in the last full year.
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; John F. Kennedy International Airport and Port of Newark.
Through October Port of Mobile, Ala.’s top trade parters were No. 1 Mexico, No. 2 China, No. 3 Brazil, No. 4 South Korea and No. 5 Iraq . Through the same period of the previous year, the top trade partners were held by Mexico, China, South Korea, Brazil and Iraq, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Mexico rose 12.43 percent to $2.46 billion.
Exports fell 30.21 percent to $582.26 million. Imports rose 38.72 percent to $1.88 billion.
- Trade with No. 2 China rose 10.62 percent to $2.24 billion.
Exports rose 9.12 percent to $733.27 million. Imports rose 11.37 percent to $1.5 billion.
- Trade with No. 3 Brazil rose 11.81 percent to $1.71 billion.
Exports fell 23.25 percent to $55.91 million. Imports rose 13.57 percent to $1.65 billion.
- Trade with No. 4 South Korea fell 12.16 percent to $1.52 billion.
Exports rose 16.4 percent to $198.67 million. Imports fell 15.29 percent to $1.32 billion.
- Trade with No. 5 Iraq rose 10.8 percent to $774.56 million.
Exports fell 22.54 percent to $1.04 million. Imports rose 10.87 percent to $773.51 million.
Port of Mobile, Ala.’s top five trading partners through October accounted for 60.47 percent of its trade with the world.
Port of Mobile, Ala. had trade surpluses with 85 countries and deficits with 61 through October. That compares with 87 surpluses and 59 deficits for the same period one year earlier. The top three surpluses through October of this year were with Japan, $188.3 million; Italy, $157.33 million; and Dominican Republic, $132.31 million. The top three deficits through October of this year were with Brazil, $1.6 billion; Mexico, $1.29 billion; and South Korea, $1.12 billion.
Through October it’s top exports were Polyamides, primary forms; Chemical wood pulp, not dissolving grade; Stainless steel, not less than 600mm wide; Gasoline, other fuels; and Wood, sawed or chipped, greater than 6 meters thic, in that order. Those accounted for 49.84 percent of its total outbound trade. The Port’s top imports were Oil; Defense-related aircraft, parts; Steel ingots; Semifinished products of Iron, nonalloy steel; and Motor vehicle parts, accounting for 50.71 percent of all inbound shipments.
Looking more closely at Port of Mobile, Ala.’s exports:
- Polyamides, primary forms rose 37.98 percent compared to last year to $603.23 million.
- Chemical wood pulp, not dissolving grade fell 3.27 percent compared to last year to $531.85 million.
- Stainless steel, not less than 600mm wide fell 37.72 percent compared to last year to $304.09 million.
- Gasoline, other fuels rose 48.82 percent compared to last year to $301.08 million.
- Wood, sawed or chipped, greater than 6 meters thic rose 15.09 percent compared to last year to $214.73 million.
On the import side:
- Oil rose 41.17 percent compared to last year to $2.54 billion.
- Defense-related aircraft, parts rose 67.54 percent compared to last year to $872.65 million.
- Steel ingots rose 33.66 percent compared to last year to $744.89 million.
- Semifinished products of Iron, nonalloy steel rose 8.84 percent compared to last year to $725.97 million.
- Motor vehicle parts fell 19.38 percent compared to last year to $424.21 million.
Last year Port of Mobile, Ala. posted total trade with the world of $13.69 billion. The Port’s deficit was $4.78 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $4.46 billion and imports came to $9.24 billion.