|1||Motor vehicle parts||$1.03 B|
|2||Motor vehicles for transporting people||$969.76 M|
|3||Medicines in individual dosages||$656.9 M|
|4||Make-up and skin-care products||$608.9 M|
|5||Paper, paperboard scrap||$476.28 M|
|6||Returned exports, with change||$438.09 M|
|7||Plastic plates, sheet, film||$395.63 M|
|8||Wood, sawed or chipped, greater than 6 meters thic||$387.43 M|
|9||Copper waste and scrap||$371.96 M|
|10||Centrifuges, filters, machines and parts||$367.37 M|
|1||Gasoline, other fuels||$533.68 M|
|2||Motor vehicles for transporting people||$294.36 M|
|4||Refined copper, alloys, unwrought||$207.15 M|
|5||Medicines in individual dosages||$171.05 M|
|6||Shrimp, other crustaceans||$158.23 M|
|7||Medical instruments for surgeons, dentists, vets||$153.73 M|
|8||Furniture, parts||$135.44 M|
|9||Seats, excluding barber, dental||$132.03 M|
|10||Motor vehicle parts||$127.67 M|
Port of New York’s trade increases 6.13 percent through October
Port of New York’s trade with the world rose 6.13 percent, from $34.6 billion to $36.72 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 New York ranked No. 28 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. 28. It finished No. 28 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 New York’s top trade parters were No. 1 China, No. 2 Germany, No. 3 United Kingdom, No. 4 Belgium and No. 5 Brazil . Through the same period of the previous year, the top trade partners were held by China, Germany, United Kingdom, Brazil and The Netherlands, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 5.59 percent to $4.39 billion.
Exports rose 10.08 percent to $3.06 billion. Imports fell 3.5 percent to $1.33 billion.
- Trade with No. 2 Germany fell 2.19 percent to $2.39 billion.
Exports fell 6.51 percent to $1.84 billion. Imports rose 15.68 percent to $549.36 million.
- Trade with No. 3 United Kingdom fell 7.78 percent to $2.2 billion.
Exports fell 13.71 percent to $1.91 billion. Imports rose 65.64 percent to $295.72 million.
- Trade with No. 4 Belgium rose 31.81 percent to $1.94 billion.
Exports rose 30.62 percent to $1.81 billion. Imports rose 51.86 percent to $125.13 million.
- Trade with No. 5 Brazil rose 3.61 percent to $1.93 billion.
Exports fell 17.88 percent to $1.22 billion. Imports rose 87.53 percent to $712.13 million.
Port of New York’s top five trading partners through October accounted for 34.97 percent of its trade with the world.
Port of New York had trade surpluses with 195 countries and deficits with 20 through October. That compares with 192 surpluses and 23 deficits for the same period one year earlier. The top three surpluses through October of this year were with China, $1.74 billion; Belgium, $1.69 billion; and United Kingdom, $1.61 billion. The top three deficits through October of this year were with Ecuador, $161.6 million; Peru, $137.26 million; and Costa Rica, $54.32 million.
Through October it’s top exports were Motor vehicle parts; Motor vehicles for transporting people; Medicines in individual dosages; Make-up and skin-care products; and Paper, paperboard scrap, in that order. Those accounted for 13.12 percent of its total outbound trade. The Port’s top imports were Gasoline, other fuels; Motor vehicles for transporting people; Coffee; Refined copper, alloys, unwrought; and Medicines in individual dosages, accounting for 18.37 percent of all inbound shipments.
Looking more closely at Port of New York’s exports:
- Motor vehicle parts rose 25.04 percent compared to last year to $1.03 billion.
- Motor vehicles for transporting people rose 28.64 percent compared to last year to $969.76 million.
- Medicines in individual dosages rose 51.17 percent compared to last year to $656.9 million.
- Make-up and skin-care products rose 17.4 percent compared to last year to $608.9 million.
- Paper, paperboard scrap rose 0.3 percent compared to last year to $476.28 million.
On the import side:
- Gasoline, other fuels rose 18.46 percent compared to last year to $533.68 million.
- Motor vehicles for transporting people rose 25.71 percent compared to last year to $294.36 million.
- Coffee fell 0.1 percent compared to last year to $293.8 million.
- Refined copper, alloys, unwrought rose 1522.98 percent compared to last year to $207.15 million.
- Medicines in individual dosages fell 49.78 percent compared to last year to $171.05 million.
Last year Port of New York posted total trade with the world of $41 billion. The Port’s surplus was $23.38 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $32.19 billion and imports came to $8.81 billion.