|1||Almonds, walnuts, pistachios, hazelnuts, etc.||$1.98 B|
|2||Beef, fresh or chilled||$719.29 M|
|3||Pork meat, fresh, frozen or chilled||$690.19 M|
|4||Oranges, grapefruit, other citrus||$259.75 M|
|6||Electric storage batteries||$245.77 M|
|8||Milk and cream, concentrated or sweetened||$177.34 M|
|9||Frozen beef||$176.29 M|
|10||Cheese and curd||$173.82 M|
|1||Passenger vehicles||$562.49 M|
|3||Misc. inorganic compounds||$378.02 M|
|5||Electric storage batteries||$350.66 M|
|6||Furniture, parts||$316.57 M|
|7||Cell phones, related equipment||$233.19 M|
|8||Motor vehicle parts||$230.73 M|
|10||Seats, excluding barber, dental||$207 M|
Port of Oakland, Calif.’s trade decreases 2.52 percent through May
Port of Oakland, Calif.’s trade with the world fell 2.52 percent, from $20.75 billion to $20.22 billion through the first five 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 $1.48 trillion, with exports at $582.11 billion and imports at $898.44 billion. The nation’s total trade decreased 13.61 percent compared to the same period last year. Exports fell 15.09 percent and imports fell 12.63 percent.
Port of Oakland, Calif. ranked No. 25 for total trade among the nation’s roughly 450 airports, seaports and border crossings through May 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 May Port of Oakland, Calif.’s top trade partners were No. 1 China, No. 2 Japan, No. 3 Taiwan, No. 4 South Korea and No. 5 Vietnam. Through the same period of the previous year, the top trade partners were held by China, Japan, Taiwan, South Korea and Vietnam, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 11.94 percent to $4.94 billion.
Exports fell 71.79 percent to $1.35 billion. Imports rose 333.64 percent to $3.59 billion.
- Trade with No. 2 Japan rose 2.02 percent to $2.9 billion.
Exports rose 108.7 percent to $1.97 billion. Imports fell 50.95 percent to $930.61 million.
- Trade with No. 3 Taiwan rose 2.16 percent to $1.76 billion.
Exports fell 63.31 percent to $444.22 million. Imports rose 157.21 percent to $1.31 billion.
- Trade with No. 4 South Korea rose 3.67 percent to $1.73 billion.
Exports rose 34.39 percent to $976.6 million. Imports fell 20.1 percent to $750.45 million.
- Trade with No. 5 Vietnam rose 27.81 percent to $837.26 million.
Exports fell 74.84 percent to $129.02 million. Imports rose 397.95 percent to $708.24 million.
Port of Oakland, Calif.’s top five trading partners through May accounted for 60.15 percent of its trade with the world.
Port of Oakland, Calif. had trade surpluses with 106 countries and deficits with 78 through May. That compares with 79 surpluses and 111 deficits for the same period one year earlier. The top three surpluses through May of this year were with Japan, $1.04 billion; South Korea, $226.15 million; and Hong Kong, $185.26 million. The top three deficits through May of this year were with China, $2.24 billion; Taiwan, $870.58 million; and Vietnam, $579.22 million.
Through May its top exports were Almonds, walnuts, pistachios, hazelnuts, etc.; Beef, fresh or chilled; Pork meat, fresh, frozen or chilled; Oranges, grapefruit, other citrus; and Wine, in that order. Those accounted for 44.62 percent of its total outbound trade. The Port’s top imports were Passenger vehicles; Computers; Misc. inorganic compounds; Wine; and Electric storage batteries, accounting for 18.68 percent of all inbound shipments.
Looking more closely at Port of Oakland, Calif.’s exports:
- Almonds, walnuts, pistachios, hazelnuts, etc. fell 2.27 percent compared to last year to $1.98 billion.
- Beef, fresh or chilled rose 4.17 percent compared to last year to $719.29 million.
- Pork meat, fresh, frozen or chilled rose 22.88 percent compared to last year to $690.19 million.
- Oranges, grapefruit, other citrus rose 3.92 percent compared to last year to $259.75 million.
- Wine fell 3.19 percent compared to last year to $252.19 million.
On the import side:
- Passenger vehicles rose 27.79 percent compared to last year to $562.49 million.
- Computers fell 36.12 percent compared to last year to $500.13 million.
- Misc. inorganic compounds rose 5.92 percent compared to last year to $378.02 million.
- Wine fell 16.03 percent compared to last year to $351.67 million.
- Electric storage batteries rose 242.92 percent compared to last year to $350.66 million.
Last year Port of Oakland, Calif. posted total trade with the world of $51.19 billion. The Port’s deficit was $10.6 billion. Exports totaled $20.3 billion and imports came to $30.89 billion.