|1||Motor vehicles for transporting people||$1.12 B|
|2||Plasma, vaccines, blood||$980.26 M|
|3||Scrap of precious metal||$577.02 M|
|4||Scrap iron, steel||$568.76 M|
|5||Gasoline, other fuels||$406.12 M|
|6||Medicines in individual dosages||$394.56 M|
|7||Civilian aircraft, parts||$314.97 M|
|8||Make-up and skin-care products||$275.36 M|
|10||Silver, various forms||$199.84 M|
|1||Motor vehicles for transporting people||$10.16 B|
|2||Gasoline, other fuels||$8.45 B|
|3||Medicines in individual dosages||$7.1 B|
|5||Heterocyclic chemical compounds||$3.67 B|
|6||Furniture, parts||$2.34 B|
|7||Rum, gin, vodka, other liquors||$2.27 B|
|8||Plasma, vaccines, blood||$2.2 B|
|10||Motor vehicle parts||$1.94 B|
Port of Newark’s trade increases 15.05 percent through October
Port of Newark’s trade with the world rose 15.05 percent, from $141.81 billion to $163.16 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 Newark ranked No. 5 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. 5. It finished No. 5 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 Newark’s top trade parters were No. 1 China, No. 2 Germany, No. 3 India, No. 4 Italy and No. 5 France . Through the same period of the previous year, the top trade partners were held by China, Germany, India, Italy and Japan, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 6.11 percent to $29.87 billion.
Exports fell 4.09 percent to $696.93 million. Imports rose 6.38 percent to $29.17 billion.
- Trade with No. 2 Germany rose 6.97 percent to $11.68 billion.
Exports fell 3.51 percent to $798.33 million. Imports rose 7.83 percent to $10.88 billion.
- Trade with No. 3 India rose 21.32 percent to $11.04 billion.
Exports rose 20.13 percent to $582.96 million. Imports rose 21.39 percent to $10.46 billion.
- Trade with No. 4 Italy rose 23.34 percent to $10.67 billion.
Exports fell 32.03 percent to $360.27 million. Imports rose 26.95 percent to $10.31 billion.
- Trade with No. 5 France rose 20.1 percent to $8.04 billion.
Exports rose 39.99 percent to $670.12 million. Imports rose 18.57 percent to $7.36 billion.
Port of Newark’s top five trading partners through October accounted for 43.69 percent of its trade with the world.
Port of Newark had trade surpluses with 52 countries and deficits with 168 through October. That compares with 61 surpluses and 165 deficits for the same period one year earlier. The top three surpluses through October of this year were with United Arab Emirates, $298.48 million; Kuwait, $139.23 million; and Iraq, $60.23 million. The top three deficits through October of this year were with China, $28.47 billion; Germany, $10.08 billion; and Italy, $9.95 billion.
Through October it’s top exports were Motor vehicles for transporting people; Plasma, vaccines, blood; Scrap of precious metal; Scrap iron, steel; and Gasoline, other fuels, in that order. Those accounted for 26.71 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Gasoline, other fuels; Medicines in individual dosages; Oil; and Heterocyclic chemical compounds, accounting for 22.13 percent of all inbound shipments.
Looking more closely at Port of Newark’s exports:
- Motor vehicles for transporting people fell 10.52 percent compared to last year to $1.12 billion.
- Plasma, vaccines, blood rose 50.58 percent compared to last year to $980.26 million.
- Scrap of precious metal rose 32.88 percent compared to last year to $577.02 million.
- Scrap iron, steel rose 38.33 percent compared to last year to $568.76 million.
- Gasoline, other fuels fell 57.67 percent compared to last year to $406.12 million.
On the import side:
- Motor vehicles for transporting people fell 3.63 percent compared to last year to $10.16 billion.
- Gasoline, other fuels rose 60.79 percent compared to last year to $8.45 billion.
- Medicines in individual dosages rose 33.91 percent compared to last year to $7.1 billion.
- Oil rose 20.58 percent compared to last year to $3.7 billion.
- Heterocyclic chemical compounds rose 185.04 percent compared to last year to $3.67 billion.
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, Germany, Iceland, Norway and The Netherlands. Exports totaled $14.93 billion and imports came to $147.9 billion.