|1||Nylon, polyester, other polyamides||$458.07 M|
|2||Chemical wood pulp, not dissolving grade||$391.63 M|
|3||Gasoline, other fuels||$239.45 M|
|4||Misc. flat rolled steel alloy more than 600mm||$153.68 M|
|5||Wood, sawed or chipped, greater than 6 meters thic||$135.17 M|
|6||Stainless steel, not less than 600mm wide||$82.55 M|
|7||Chicken and other poultry||$78.96 M|
|8||Misc. coloring preparations and materials||$73.94 M|
|9||Chemical wood pulp, dissolving grades||$69.4 M|
|10||Amine-function compounds||$65.31 M|
|2||Defense-related aircraft, parts||$896.7 M|
|3||Steel ingots||$680.48 M|
|4||Semifinished products of Iron, nonalloy steel||$631.62 M|
|5||Motor vehicle parts||$493.81 M|
|6||Transmission shafts, bearings, gears||$324.94 M|
|7||Pig iron||$294.42 M|
|8||Chemical wood pulp, not dissolving grade||$228.17 M|
|9||Seats, excluding barber, dental||$128.55 M|
|10||Toys, children's bicycles, games||$120.86 M|
Port of Mobile, Ala.’s trade increases 8.1 percent through August
Port of Mobile, Ala.’s trade with the world rose 8.1 percent, from $11.17 billion to $12.08 billion 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 Mobile, Ala. ranked No. 49 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 Mobile, Ala.’s top trade partners were No. 1 China, No. 2 Mexico, No. 3 South Korea, No. 4 Brazil and No. 5 United Kingdom. Through the same period of the previous year, the top trade partners were held by Mexico, China, Brazil, South Korea and Iraq, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 32.13 percent to $2.13 billion.
Exports fell 42.88 percent to $350.36 million. Imports rose 78.1 percent to $1.78 billion.
- Trade with No. 2 Mexico rose 11.49 percent to $2.1 billion.
Exports fell 12.08 percent to $442.57 million. Imports rose 20.09 percent to $1.66 billion.
- Trade with No. 3 South Korea rose 35.62 percent to $1.62 billion.
Exports fell 15.81 percent to $138.95 million. Imports rose 43.87 percent to $1.48 billion.
- Trade with No. 4 Brazil rose 9.4 percent to $1.44 billion.
Exports rose 22 percent to $56.2 million. Imports rose 8.94 percent to $1.38 billion.
- Trade with No. 5 United Kingdom rose 55.45 percent to $487.56 million.
Exports rose 115.8 percent to $83.98 million. Imports rose 46.9 percent to $403.58 million.
Port of Mobile, Ala.’s top five trading partners through August accounted for 64.4 percent of its trade with the world.
Port of Mobile, Ala. had trade surpluses with 85 countries and deficits with 60 through August. That compares with 84 surpluses and 58 deficits for the same period one year earlier. The top three surpluses through August of this year were with Dominican Republic, $154.34 million; Belgium, $126.29 million; and Japan, $113.65 million. The top three deficits through August of this year were with China, $1.43 billion; South Korea, $1.34 billion; and Brazil, $1.32 billion.
Through August its top exports were Nylon, polyester, other polyamides; Chemical wood pulp, not dissolving grade; Gasoline, other fuels; Misc. flat rolled steel alloy more than 600mm; and Wood, sawed or chipped, greater than 6 meters thic, in that order. Those accounted for 48.98 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 46.5 percent of all inbound shipments.
Looking more closely at Port of Mobile, Ala.’s exports:
- Nylon, polyester, other polyamides fell 3.13 percent compared to last year to $458.07 million.
- Chemical wood pulp, not dissolving grade fell 11.58 percent compared to last year to $391.63 million.
- Gasoline, other fuels rose 14.17 percent compared to last year to $239.45 million.
- Misc. flat rolled steel alloy more than 600mm rose 10.32 percent compared to last year to $153.68 million.
- Wood, sawed or chipped, greater than 6 meters thic fell 20.83 percent compared to last year to $135.17 million.
On the import side:
- Oil fell 22.35 percent compared to last year to $1.6 billion.
- Defense-related aircraft, parts rose 24.95 percent compared to last year to $896.7 million.
- Steel ingots rose 26.58 percent compared to last year to $680.48 million.
- Semifinished products of Iron, nonalloy steel rose 19.27 percent compared to last year to $631.62 million.
- Motor vehicle parts rose 55.1 percent compared to last year to $493.81 million.
Last year Port of Mobile, Ala. posted total trade with the world of $17.18 billion. The Port’s deficit was $7.69 billion. At the end of the year, the port’s top five trade partners were Mexico, China, Brazil, South Korea and Iraq. Exports totaled $4.75 billion and imports came to $12.43 billion.