|1||Passenger vehicles||$496.5 M|
|2||Make-up and skin-care products||$386.27 M|
|3||Motor vehicle parts||$325.3 M|
|4||Scrap of precious metal||$255.91 M|
|5||Medical instruments||$233.42 M|
|6||Binders for found molds; chemical products||$202.2 M|
|7||Plastic plates, sheet, film||$201.66 M|
|8||Catalytic converters, air filters, oil filters, et||$200.54 M|
|9||Electric motors, generators, not sets||$192.04 M|
|10||Polyethers, epoxides and polyesters, primary forms||$186.67 M|
|1||Gasoline, other fuels||$189.6 M|
|2||Medicines in individual dosages||$179.8 M|
|3||Photo-sensitive semi-conductors, parts||$152.49 M|
|5||Rubber tires||$108.76 M|
|6||Furniture, parts||$83.01 M|
|7||Seats, excluding barber, dental||$74.19 M|
|9||Women's or girls' suits, not knit||$57.59 M|
|10||Men's or boys' slacks, suits, not knit||$55.42 M|
Port of New York’s trade decreases 9.09 percent through June
Port of New York’s trade with the world fell 9.09 percent, from $21.43 billion to $19.49 billion through the first six 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 $1.77 trillion, with exports at $687.16 billion and imports at $1.08 trillion. The nation’s total trade decreased 14.28 percent compared to the same period last year. Exports fell 16.57 percent and imports fell 12.75 percent.
Port of New York ranked No. 28 for total trade among the nation’s roughly 450 airports, seaports and border crossings through June 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 June Port of New York’s top trade partners were No. 1 China, No. 2 Germany, No. 3 United Kingdom, No. 4 Brazil and No. 5 The Netherlands. Through the same period of the previous year, the top trade partners were held by China, Germany, United Kingdom, Brazil and India, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 12.14 percent to $2.07 billion.
Exports fell 3.83 percent to $1.52 billion. Imports fell 29.28 percent to $543.12 million.
- Trade with No. 2 Germany fell 6.27 percent to $1.33 billion.
Exports fell 10.52 percent to $948.17 million. Imports rose 6.19 percent to $383.88 million.
- Trade with No. 3 United Kingdom fell 15.48 percent to $1.05 billion.
Exports fell 14.58 percent to $868.97 million. Imports fell 19.61 percent to $178.41 million.
- Trade with No. 4 Brazil fell 20.79 percent to $968.73 million.
Exports fell 17.37 percent to $600.87 million. Imports fell 25.81 percent to $367.86 million.
- Trade with No. 5 The Netherlands rose 2.56 percent to $961.61 million.
Exports rose 5.73 percent to $865.94 million. Imports fell 19.33 percent to $95.68 million.
Port of New York’s top five trading partners through June accounted for 32.72 percent of its trade with the world.
Port of New York had trade surpluses with 183 countries and deficits with 19 through June. That compares with 187 surpluses and 23 deficits for the same period one year earlier. The top three surpluses through June of this year were with China, $979.26 million; The Netherlands, $770.26 million; and United Kingdom, $690.56 million. The top three deficits through June of this year were with Ecuador, $135.91 million; Bangladesh, $56.47 million; and Canada, $55.99 million.
Through June its top exports were Passenger vehicles; Make-up and skin-care products; Motor vehicle parts; Scrap of precious metal; and Medical instruments, in that order. Those accounted for 11.34 percent of its total outbound trade. The Port’s top imports were Gasoline, other fuels; Medicines in individual dosages; Photo-sensitive semi-conductors, parts; Coffee; and Rubber tires, accounting for 17.32 percent of all inbound shipments.
Looking more closely at Port of New York’s exports:
- Passenger vehicles fell 10.13 percent compared to last year to $496.5 million.
- Make-up and skin-care products fell 2.17 percent compared to last year to $386.27 million.
- Motor vehicle parts fell 25.64 percent compared to last year to $325.3 million.
- Scrap of precious metal rose 69.95 percent compared to last year to $255.91 million.
- Medical instruments rose 23.48 percent compared to last year to $233.42 million.
On the import side:
- Gasoline, other fuels fell 58.6 percent compared to last year to $189.6 million.
- Medicines in individual dosages rose 11.22 percent compared to last year to $179.8 million.
- Photo-sensitive semi-conductors, parts rose 363.7 percent compared to last year to $152.49 million.
- Coffee fell 21.82 percent compared to last year to $152.08 million.
- Rubber tires fell 35.85 percent compared to last year to $108.76 million.
Last year Port of New York posted total trade with the world of $42.75 billion. The Port’s surplus was $21.46 billion. Exports totaled $32.11 billion and imports came to $10.64 billion.