|1||Motorboats and yachts||$258.08 M|
|2||Chicken and other poultry||$43.96 M|
|3||Gasoline, other fuels||$30.29 M|
|4||Furniture, parts||$25.28 M|
|5||Frozen beef||$21.58 M|
|6||Motor vehicles for transporting people||$20.18 M|
|7||Bread, pastry, cakes||$18.21 M|
|8||Misc. iron or steel structures and parts||$17.64 M|
|9||Printers, all types, parts||$14.97 M|
|10||Misc. organic cleansers, including soaps||$13.99 M|
|1||Motorboats and yachts||$177.97 M|
|2||Potatoes, prepared, frozen||$27.92 M|
|3||Shrimp, other crustaceans||$26.14 M|
|4||Miscellaneous medical chemical re-agents||$19.1 M|
|5||Value added to a returned import||$16.21 M|
|6||Women's or girls' overcoats, etc.||$13.5 M|
|7||Cigars, cigarettes||$6.66 M|
|8||Iron and steel bars, in coils||$6.06 M|
|9||Mussels, scallops, other mollusks||$5.27 M|
|10||Swimwear, track suits, skit suits, knit or crochet||$4.81 M|
Port of Palm Beach, Fla.’s trade increases 2.77 percent through August
Port of Palm Beach, Fla.’s trade with the world rose 2.77 percent, from $1.69 billion to $1.74 billion through the first eight 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 $2.77 trillion, with exports at $1.1 trillion and imports at $1.67 trillion. The nation’s total trade decreased 0.32 percent compared to the same period last year. Exports fell 0.71 percent and imports fell 0.07 percent.
Port of Palm Beach, Fla. ranked No. 116 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August 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; Chicago O’Hare International Airport; Port of Newark and John F. Kennedy International Airport.
Through August Port of Palm Beach, Fla.’s top trade partners were No. 1 Bahamas, No. 2 Cayman Islands, No. 3 Italy, No. 4 Trinidad and Tobago and No. 5 British Virgin Islands. Through the same period of the previous year, the top trade partners were held by Bahamas, Singapore, Cayman Islands, Trinidad and Tobago and Turks and Caicos Islands, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Bahamas rose 27.14 percent to $659.54 million.
Exports rose 28.2 percent to $612.17 million. Imports rose 14.87 percent to $47.37 million.
- Trade with No. 2 Cayman Islands rose 53.4 percent to $127.38 million.
Exports rose 55.18 percent to $126.94 million. Imports fell 63.93 percent to $446,142.
- Trade with No. 3 Italy rose 98.14 percent to $94.63 million.
Exports fell 74.09 percent to $7.62 million. Imports rose 374.35 percent to $87 million.
- Trade with No. 4 Trinidad and Tobago rose 14.55 percent to $84.67 million.
Exports rose 14.88 percent to $84.47 million. Imports fell 47.43 percent to $203,036.
- Trade with No. 5 British Virgin Islands rose 12.9 percent to $77.46 million.
Exports rose 13.2 percent to $77.4 million. Imports fell 74.72 percent to $59,000.
Port of Palm Beach, Fla.’s top five trading partners through August accounted for 60.11 percent of its trade with the world.
Port of Palm Beach, Fla. had trade surpluses with 62 countries and deficits with 33 through August. That compares with 68 surpluses and 30 deficits for the same period one year earlier. The top three surpluses through August of this year were with Bahamas, $564.8 million; Cayman Islands, $126.49 million; and Trinidad and Tobago, $84.27 million. The top three deficits through August of this year were with Italy, $79.38 million; United Kingdom, $44.84 million; and Canada, $36.64 million.
Through August its top exports were Motorboats and yachts; Chicken and other poultry; Gasoline, other fuels; Furniture, parts; and Frozen beef, in that order. Those accounted for 27.38 percent of its total outbound trade. The Port’s top imports were Motorboats and yachts; Potatoes, prepared, frozen; Shrimp, other crustaceans; Miscellaneous medical chemical re-agents; and Value added to a returned import, accounting for 76.04 percent of all inbound shipments.
Looking more closely at Port of Palm Beach, Fla.’s exports:
- Motorboats and yachts rose 112.6 percent compared to last year to $258.08 million.
- Chicken and other poultry fell 0.09 percent compared to last year to $43.96 million.
- Gasoline, other fuels rose 273.56 percent compared to last year to $30.29 million.
- Furniture, parts fell 16.99 percent compared to last year to $25.28 million.
- Frozen beef rose 0.5 percent compared to last year to $21.58 million.
On the import side:
- Motorboats and yachts rose 41.34 percent compared to last year to $177.97 million.
- Potatoes, prepared, frozen fell 4.25 percent compared to last year to $27.92 million.
- Shrimp, other crustaceans rose 32.68 percent compared to last year to $26.14 million.
- Miscellaneous medical chemical re-agents rose 4.22 percent compared to last year to $19.1 million.
- Value added to a returned import rose 98.53 percent compared to last year to $16.21 million.
Last year Port of Palm Beach, Fla. posted total trade with the world of $2.53 billion. The Port’s surplus was $1.48 billion. At the end of the year, the port’s top five trade partners were Bahamas, Cayman Islands, Trinidad and Tobago, Saint Maarten and Italy. Exports totaled $2 billion and imports came to $527.91 million.