|1||Plasma, vaccines, blood||$567.95 M|
|2||Passenger vehicles||$525.91 M|
|3||Scrap of precious metal||$386.29 M|
|4||Gasoline, other fuels||$287.78 M|
|5||Medicines in individual dosages||$262.14 M|
|6||Civilian aircraft, parts||$203.06 M|
|7||Scrap iron, steel||$188.48 M|
|8||Medical instruments||$125.58 M|
|9||Make-up and skin-care products||$104.93 M|
|10||Defense-related aircraft, parts||$101.57 M|
|1||Medicines in individual dosages||$6.06 B|
|2||Passenger vehicles||$4.07 B|
|3||Heterocyclic chemical compounds||$2.28 B|
|4||Returned exports, without change||$2.04 B|
|5||Gasoline, other fuels||$2.03 B|
|7||Furniture, parts||$1.17 B|
|8||Rum, gin, vodka, other liquors||$1.15 B|
|10||Motor vehicle parts||$948.2 M|
Port of Newark’s trade decreases 13.68 percent through June
Port of Newark’s trade with the world fell 13.68 percent, from $96.61 billion to $83.39 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 Newark ranked No. 4 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 Newark’s top trade partners were No. 1 China, No. 2 Germany, No. 3 Italy, No. 4 India and No. 5 Switzerland. Through the same period of the previous year, the top trade partners were held by China, India, Germany, Italy and France, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 26.47 percent to $11.58 billion.
Exports fell 24.53 percent to $291.25 million. Imports fell 26.52 percent to $11.29 billion.
- Trade with No. 2 Germany fell 5.52 percent to $6.45 billion.
Exports fell 5.45 percent to $616.42 million. Imports fell 5.53 percent to $5.83 billion.
- Trade with No. 3 Italy fell 0.4 percent to $6.18 billion.
Exports fell 45.26 percent to $185.72 million. Imports rose 2.2 percent to $5.99 billion.
- Trade with No. 4 India fell 23.03 percent to $5.32 billion.
Exports fell 46.4 percent to $189.11 million. Imports fell 21.77 percent to $5.13 billion.
- Trade with No. 5 Switzerland rose 5.47 percent to $5.03 billion.
Exports rose 162.64 percent to $331.45 million. Imports rose 1.2 percent to $4.7 billion.
Port of Newark’s top five trading partners through June accounted for 41.44 percent of its trade with the world.
Port of Newark had trade surpluses with 52 countries and deficits with 165 through June. That compares with 54 surpluses and 166 deficits for the same period one year earlier. The top three surpluses through June of this year were with Saudi Arabia, $78.85 million; Panama, $45.75 million; and Dominican Republic, $33.52 million. The top three deficits through June of this year were with China, $11 billion; Italy, $5.81 billion; and Germany, $5.21 billion.
Through June its top exports were Plasma, vaccines, blood; Passenger vehicles; Scrap of precious metal; Gasoline, other fuels; and Medicines in individual dosages, in that order. Those accounted for 28.62 percent of its total outbound trade. The Port’s top imports were Medicines in individual dosages; Passenger vehicles; Heterocyclic chemical compounds; Returned exports, without change; and Gasoline, other fuels, accounting for 21.6 percent of all inbound shipments.
Looking more closely at Port of Newark’s exports:
- Plasma, vaccines, blood fell 33.57 percent compared to last year to $567.95 million.
- Passenger vehicles fell 36.41 percent compared to last year to $525.91 million.
- Scrap of precious metal rose 19.72 percent compared to last year to $386.29 million.
- Gasoline, other fuels fell 28.71 percent compared to last year to $287.78 million.
- Medicines in individual dosages fell 9.82 percent compared to last year to $262.14 million.
On the import side:
- Medicines in individual dosages rose 27.96 percent compared to last year to $6.06 billion.
- Passenger vehicles fell 34.59 percent compared to last year to $4.07 billion.
- Heterocyclic chemical compounds fell 0.98 percent compared to last year to $2.28 billion.
- Returned exports, without change rose 188.33 percent compared to last year to $2.04 billion.
- Gasoline, other fuels fell 59.52 percent compared to last year to $2.03 billion.
Last year Port of Newark posted total trade with the world of $195.57 billion. The Port’s deficit was $161.3 billion. Exports totaled $17.13 billion and imports came to $178.43 billion.