|1||Motorboats and yachts||$123.55 M|
|2||Aircraft, Spacecraft, Satellites||$96.06 M|
|3||Poultry, fresh, chilled or frozen||$53.86 M|
|4||Furniture, parts||$40.32 M|
|5||Civilian aircraft, parts||$30.63 M|
|6||Motor vehicles for transporting people||$29.39 M|
|7||Frozen beef||$25.15 M|
|8||Hardware for fixtures||$24.29 M|
|9||Misc. iron or steel structures and parts||$22.36 M|
|10||Machinery for heating and sterilizing||$21.88 M|
|1||Motorboats and yachts||$176.68 M|
|2||Potatoes, prepared, frozen||$38.1 M|
|3||Value added to a returned import||$37.99 M|
|4||Shrimp, other crustaceans||$30.74 M|
|5||Miscellaneous medical chemical re-agents||$23.21 M|
|6||Power supplies, transformers||$19.43 M|
|7||Women's or girls' overcoats, etc.||$15.04 M|
|8||TV cameras, digital cameras, camcorders||$9.4 M|
|9||Cigars, cigarettes||$8.97 M|
|10||Mussels, scallops, other mollusks||$6.48 M|
Port of Palm Beach, Fla.’s trade increases 12.53 percent through October
Port of Palm Beach, Fla.’s trade with the world rose 12.53 percent, from $1.86 billion to $2.1 billion through the first 10 months of 2018 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 $3.51 trillion, with exports at $1.39 trillion and imports at $2.12 trillion. The nation’s total trade increased 9.25 percent compared to the same period last year. Exports rose 8.95 percent and imports rose 9.44 percent.
Port of Palm Beach, Fla. ranked No. 120 for total trade among the nation’s roughly 450 airports, seaports and border crossings through October of 2018. During the same period of 2017 it ranked No. 124. It finished No. 125 in the last full year.
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; John F. Kennedy International Airport and Port of Newark.
Through October Port of Palm Beach, Fla.’s top trade parters were No. 1 Bahamas, No. 2 Cayman Islands, No. 3 Singapore, No. 4 Trinidad and Tobago and No. 5 Saint Maarten . Through the same period of the previous year, the top trade partners were held by Bahamas, Cayman Islands, Turks and Caicos Islands, The Netherlands and Trinidad and Tobago, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Bahamas rose 0.49 percent to $679.62 million.
Exports fell 1.62 percent to $591.84 million. Imports rose 17.47 percent to $87.78 million.
- Trade with No. 2 Cayman Islands fell 1.99 percent to $104.86 million.
Exports fell 2.97 percent to $103.6 million. Imports rose 463.31 percent to $1.26 million.
- Trade with No. 3 Singapore rose 179021 percent to $96.35 million.
Exports rose 181288 percent to $96.3 million. Imports rose 7045.71 percent to $50,020.
- Trade with No. 4 Trinidad and Tobago rose 32.76 percent to $94.7 million.
Exports rose 33.06 percent to $94.3 million. Imports fell 12.94 percent to $400,595.
- Trade with No. 5 Saint Maarten rose 28.23 percent to $89.31 million.
Exports rose 28.26 percent to $89.3 million. Imports fell 47.53 percent to $14,656.
Port of Palm Beach, Fla.’s top five trading partners through October accounted for 50.83 percent of its trade with the world.
Port of Palm Beach, Fla. had trade surpluses with 70 countries and deficits with 32 through October. That compares with 62 surpluses and 38 deficits for the same period one year earlier. The top three surpluses through October of this year were with Bahamas, $504.06 million; Cayman Islands, $102.34 million; and Singapore, $96.25 million. The top three deficits through October of this year were with United Kingdom, $46.78 million; Canada, $41.81 million; and Dominican Republic, $36.8 million.
Through October it’s top exports were Motorboats and yachts; Aircraft, Spacecraft, Satellites; Poultry, fresh, chilled or frozen; Furniture, parts; and Civilian aircraft, parts, in that order. Those accounted for 20.66 percent of its total outbound trade. The Port’s top imports were Motorboats and yachts; Potatoes, prepared, frozen; Value added to a returned import; Shrimp, other crustaceans; and Miscellaneous medical chemical re-agents, accounting for 71.72 percent of all inbound shipments.
Looking more closely at Port of Palm Beach, Fla.’s exports:
- Motorboats and yachts rose 11.25 percent compared to last year to $123.55 million.
- Aircraft, Spacecraft, Satellites totaled $96.06 million. The previous year, there were no exports in this category.
- Poultry, fresh, chilled or frozen fell 10.89 percent compared to last year to $53.86 million.
- Furniture, parts rose 20.09 percent compared to last year to $40.32 million.
- Civilian aircraft, parts rose 179.08 percent compared to last year to $30.63 million.
On the import side:
- Motorboats and yachts rose 18.11 percent compared to last year to $176.68 million.
- Potatoes, prepared, frozen rose 19.16 percent compared to last year to $38.1 million.
- Value added to a returned import rose 39.24 percent compared to last year to $37.99 million.
- Shrimp, other crustaceans fell 18.55 percent compared to last year to $30.74 million.
- Miscellaneous medical chemical re-agents fell 36.21 percent compared to last year to $23.21 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, Germany, Iceland, Norway and The Netherlands. Exports totaled $1.81 billion and imports came to $463.14 million.