|1||Motorboats and yachts||$57.35 M|
|2||Chicken and other poultry||$23.7 M|
|3||Passenger vehicles||$17.72 M|
|4||Furniture, parts||$15.17 M|
|5||Frozen beef||$11.58 M|
|6||Bread, pastry, cakes||$10.5 M|
|7||Prepared foods, beverages||$10.26 M|
|8||Misc. iron or steel structures and parts||$9.67 M|
|9||Hardware for fixtures||$9.35 M|
|10||Misc. organic cleansers, including soaps||$8.44 M|
|1||Motorboats and yachts||$112.23 M|
|2||Shrimp, other crustaceans||$16.09 M|
|3||Potatoes, prepared, frozen||$13.16 M|
|4||Miscellaneous medical chemical re-agents||$7.82 M|
|5||Petroleum products||$5.32 M|
|6||Returned exports, without change||$4.88 M|
|7||Electrical supplies, apparatus, less than 1000V||$4.47 M|
|8||Poultry incubators, equipment||$3.2 M|
|9||Cameras, including TV cameras||$2.99 M|
|10||Avocados, dates, figs, pineapples, etc.||$2.59 M|
Port of Palm Beach, Fla.’s trade decreases 26.45 percent through May
Port of Palm Beach, Fla.’s trade with the world fell 26.45 percent, from $1.21 billion to $892.55 million 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 Palm Beach, Fla. ranked No. 118 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 Palm Beach, Fla.’s top trade partners were No. 1 Bahamas, No. 2 Cayman Islands, No. 3 United Kingdom, No. 4 Trinidad and Tobago and No. 5 Italy. Through the same period of the previous year, the top trade partners were held by Bahamas, Cayman Islands, Italy, British Virgin Islands and Trinidad and Tobago, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Bahamas fell 34.77 percent to $323.07 million.
Exports fell 35.17 percent to $296.73 million. Imports fell 29.99 percent to $26.34 million.
- Trade with No. 2 Cayman Islands fell 15.75 percent to $74.2 million.
Exports fell 15.59 percent to $74.16 million. Imports fell 84.35 percent to $31,445.
- Trade with No. 3 United Kingdom rose 16.06 percent to $52.21 million.
Exports rose 113.82 percent to $4.71 million. Imports rose 11.02 percent to $47.5 million.
- Trade with No. 4 Trinidad and Tobago rose 1.17 percent to $50.55 million.
Exports rose 1.04 percent to $50.47 million. Imports rose 560.78 percent to $79,849.
- Trade with No. 5 Italy fell 40.18 percent to $41.96 million.
Exports fell 7.02 percent to $6.91 million. Imports fell 44.11 percent to $35.05 million.
Port of Palm Beach, Fla.’s top five trading partners through May accounted for 60.72 percent of its trade with the world.
Port of Palm Beach, Fla. had trade surpluses with 55 countries and deficits with 24 through May. That compares with 56 surpluses and 34 deficits for the same period one year earlier. The top three surpluses through May of this year were with Bahamas, $270.39 million; Cayman Islands, $74.13 million; and Trinidad and Tobago, $50.39 million. The top three deficits through May of this year were with United Kingdom, $42.78 million; Italy, $28.14 million; and Canada, $17.66 million.
Through May its top exports were Motorboats and yachts; Chicken and other poultry; Passenger vehicles; Furniture, parts; and Frozen beef, in that order. Those accounted for 18.08 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 Petroleum products, accounting for 77.97 percent of all inbound shipments.
Looking more closely at Port of Palm Beach, Fla.’s exports:
- Motorboats and yachts fell 74.83 percent compared to last year to $57.35 million.
- Chicken and other poultry fell 11.62 percent compared to last year to $23.7 million.
- Passenger vehicles rose 29.33 percent compared to last year to $17.72 million.
- Furniture, parts fell 1.3 percent compared to last year to $15.17 million.
- Frozen beef fell 13.11 percent compared to last year to $11.58 million.
On the import side:
- Motorboats and yachts fell 18.1 percent compared to last year to $112.23 million.
- Shrimp, other crustaceans fell 23.97 percent compared to last year to $16.09 million.
- Potatoes, prepared, frozen fell 30.85 percent compared to last year to $13.16 million.
- Miscellaneous medical chemical re-agents fell 41.81 percent compared to last year to $7.82 million.
- Petroleum products totaled $5.32 million. The previous year, there were no imports in this category.
Last year Port of Palm Beach, Fla. posted total trade with the world of $2.55 billion. The Port’s surplus was $1.48 billion. Exports totaled $2.01 billion and imports came to $532.99 million.