|1||Motorboats and yachts||$43.47 M|
|2||Aircraft engines, engine parts||$11.02 M|
|3||Poultry, fresh, chilled or frozen||$10.57 M|
|4||Ship's derricks, cranes, mobile lifting frames||$8.14 M|
|5||Printers, all types, parts||$7.76 M|
|6||Furniture, parts||$6.34 M|
|7||Motor vehicles for transporting people||$5.15 M|
|8||Misc. iron or steel structures and parts||$5.04 M|
|9||Refrigerators, freezers||$4.78 M|
|10||Frozen beef||$4.71 M|
|1||Motorboats and yachts||$58.59 M|
|2||Shrimp, other crustaceans||$7.39 M|
|3||Potatoes, prepared, frozen||$7.17 M|
|4||Miscellaneous medical chemical re-agents||$4.94 M|
|5||Value added to a returned import||$3.09 M|
|6||Electrical supplies, apparatus, less than 1000V||$1.98 M|
|7||TV cameras, digital cameras, camcorders||$1.47 M|
|8||Avocados, dates, figs, pineapples, etc.||$1.25 M|
|9||Cigars, cigarettes||$1.16 M|
|10||Swimwear, track suits, skit suits, knit or crochet||$875,643|
Port of Palm Beach, Fla.’s trade decreases 11.12 percent through February
Port of Palm Beach, Fla.’s trade with the world fell 11.12 percent, from $494.68 million to $439.65 million 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 Palm Beach, Fla. ranked No. 109 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 Palm Beach, Fla.’s top trade parters were No. 1 Bahamas, No. 2 Cayman Islands, No. 3 Italy, No. 4 United Kingdom and No. 5 Trinidad and Tobago . Through the same period of the previous year, the top trade partners were held by Bahamas, Singapore, Mexico, Cayman Islands and Turks and Caicos Islands, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Bahamas rose 25.28 percent to $156.86 million.
Exports rose 24.32 percent to $144.02 million. Imports rose 37.11 percent to $12.84 million.
- Trade with No. 2 Cayman Islands rose 138.46 percent to $51.57 million.
Exports rose 146.21 percent to $51.47 million. Imports fell 86.78 percent to $95,078.
- Trade with No. 3 Italy rose 101.07 percent to $24.67 million.
There were no exports. Imports rose 3103.14 percent to $24.67 million.
- Trade with No. 4 United Kingdom rose 294.77 percent to $22.92 million.
Exports rose 2509.5 percent to $2.17 million. Imports rose 262.62 percent to $20.75 million.
- Trade with No. 5 Trinidad and Tobago rose 16.72 percent to $16.5 million.
Exports rose 18.03 percent to $16.49 million. Imports fell 98.34 percent to $2,650.
Port of Palm Beach, Fla.’s top five trading partners through February accounted for 61.98 percent of its trade with the world.
Port of Palm Beach, Fla. had trade surpluses with 42 countries and deficits with 22 through February. That compares with 44 surpluses and 19 deficits for the same period one year earlier. The top three surpluses through February of this year were with Bahamas, $131.19 million; Cayman Islands, $51.38 million; and Trinidad and Tobago, $16.49 million. The top three deficits through February of this year were with Italy, $24.67 million; United Kingdom, $18.58 million; and Canada, $10.07 million.
Through February it’s top exports were Motorboats and yachts; Aircraft engines, engine parts; Poultry, fresh, chilled or frozen; Ship’s derricks, cranes, mobile lifting frames; and Printers, all types, parts, in that order. Those accounted for 23.7 percent of its total outbound trade. The Port’s top imports were Motorboats and yachts; Shrimp, other crustaceans; Potatoes, prepared, frozen; Miscellaneous medical chemical re-agents; and Value added to a returned import, accounting for 82.76 percent of all inbound shipments.
Looking more closely at Port of Palm Beach, Fla.’s exports:
- Motorboats and yachts fell 24.08 percent compared to last year to $43.47 million.
- Aircraft engines, engine parts totaled $11.02 million. The previous year, there were no exports in this category.
- Poultry, fresh, chilled or frozen fell 1.9 percent compared to last year to $10.57 million.
- Ship’s derricks, cranes, mobile lifting frames rose 1481.84 percent compared to last year to $8.14 million.
- Printers, all types, parts rose 263.45 percent compared to last year to $7.76 million.
On the import side:
- Motorboats and yachts rose 225.75 percent compared to last year to $58.59 million.
- Shrimp, other crustaceans rose 17.55 percent compared to last year to $7.39 million.
- Potatoes, prepared, frozen rose 19.18 percent compared to last year to $7.17 million.
- Miscellaneous medical chemical re-agents rose 48.97 percent compared to last year to $4.94 million.
- Value added to a returned import rose 60.03 percent compared to last year to $3.09 million.
Last year Port of Palm Beach, Fla. posted total trade with the world of $2.27 billion. The Port’s surplus was $1.34 billion . At the end of the year, the port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $1.81 billion and imports came to $463.14 million.