|1||Plasma, vaccines, blood||$311.19 M|
|2||Motor vehicles for transporting people||$243.01 M|
|3||Scrap of precious metal||$110.42 M|
|4||Gasoline, other fuels||$92.84 M|
|5||Medicines in individual dosages||$84.07 M|
|6||Scrap iron, steel||$81.67 M|
|7||Civilian aircraft, parts||$75.5 M|
|8||Make-up and skin-care products||$61.23 M|
|9||Silver, various forms||$49.38 M|
|10||Motor vehicle parts||$48.96 M|
|1||Motor vehicles for transporting people||$1.89 B|
|2||Gasoline, other fuels||$1.52 B|
|3||Medicines in individual dosages||$1.35 B|
|4||Heterocyclic chemical compounds||$922.23 M|
|6||Furniture, parts||$464.26 M|
|7||Women's or girls' suits, not knit||$402.5 M|
|8||Motor vehicle parts||$387.82 M|
|9||Rum, gin, vodka, other liquors||$355.67 M|
Port of Newark’s trade decreases 0.13 percent through February
Port of Newark’s trade with the world fell 0.13 percent, from $31.66 billion to $31.62 billion through the first two 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 $650.55 billion, with exports at $260.05 billion and imports at $390.5 billion. The nation’s total trade increased 1.11 percent compared to the same period last year. Exports rose 2.61 percent and imports rose 0.14 percent.
Port of Newark ranked No. 3 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February 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; Port of Newark; John F. Kennedy International Airport and Chicago O’Hare International Airport.
Through February Port of Newark’s top trade parters were No. 1 China, No. 2 India, No. 3 Germany, No. 4 Italy and No. 5 Japan . Through the same period of the previous year, the top trade partners were held by China, Germany, Italy, India and Japan, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 1.13 percent to $6.01 billion.
Exports rose 1.27 percent to $119.94 million. Imports rose 1.12 percent to $5.89 billion.
- Trade with No. 2 India rose 24.04 percent to $2.44 billion.
Exports rose 54.54 percent to $133.52 million. Imports rose 22.64 percent to $2.31 billion.
- Trade with No. 3 Germany fell 5.29 percent to $2.17 billion.
Exports rose 30 percent to $226.35 million. Imports fell 8.19 percent to $1.94 billion.
- Trade with No. 4 Italy fell 10.27 percent to $1.94 billion.
Exports rose 57.72 percent to $156.33 million. Imports fell 13.53 percent to $1.78 billion.
- Trade with No. 5 Japan rose 1.78 percent to $1.42 billion.
Exports fell 3.9 percent to $71.34 million. Imports rose 2.1 percent to $1.35 billion.
Port of Newark’s top five trading partners through February accounted for 44.24 percent of its trade with the world.
Port of Newark had trade surpluses with 44 countries and deficits with 162 through February. That compares with 44 surpluses and 161 deficits for the same period one year earlier. The top three surpluses through February of this year were with United Arab Emirates, $39.07 million; Kuwait, $17.39 million; and Lithuania, $10.57 million. The top three deficits through February of this year were with China, $5.77 billion; India, $2.17 billion; and Germany, $1.72 billion.
Through February it’s top exports were Plasma, vaccines, blood; Motor vehicles for transporting people; Scrap of precious metal; Gasoline, other fuels; and Medicines in individual dosages, in that order. Those accounted for 28.96 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Gasoline, other fuels; Medicines in individual dosages; Heterocyclic chemical compounds; and Oil, accounting for 21.76 percent of all inbound shipments.
Looking more closely at Port of Newark’s exports:
- Plasma, vaccines, blood rose 91.78 percent compared to last year to $311.19 million.
- Motor vehicles for transporting people rose 22.16 percent compared to last year to $243.01 million.
- Scrap of precious metal fell 4.17 percent compared to last year to $110.42 million.
- Gasoline, other fuels rose 302.01 percent compared to last year to $92.84 million.
- Medicines in individual dosages fell 21.5 percent compared to last year to $84.07 million.
On the import side:
- Motor vehicles for transporting people fell 9.7 percent compared to last year to $1.89 billion.
- Gasoline, other fuels rose 1.09 percent compared to last year to $1.52 billion.
- Medicines in individual dosages fell 20.93 percent compared to last year to $1.35 billion.
- Heterocyclic chemical compounds fell 11.43 percent compared to last year to $922.23 million.
- Oil fell 8.54 percent compared to last year to $577.43 million.
Last year Port of Newark posted total trade with the world of $162.83 billion. The Port’s deficit was $132.97 billion . At the end of the year, the port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $14.93 billion and imports came to $147.9 billion.