|1||Motorboats and yachts||$89.01 M|
|2||Chicken and other poultry||$30.91 M|
|3||Passenger vehicles||$22.52 M|
|4||Furniture, parts||$20.57 M|
|5||Misc. iron or steel structures and parts||$14.9 M|
|6||Frozen beef||$14.32 M|
|7||Bread, pastry, cakes||$14.19 M|
|8||Hardware for fixtures||$14.06 M|
|9||Prepared foods, beverages||$12.88 M|
|10||Misc. organic cleansers, including soaps||$11.67 M|
|1||Motorboats and yachts||$136.72 M|
|2||Potatoes, prepared, frozen||$19.74 M|
|3||Shrimp, other crustaceans||$18.05 M|
|4||Miscellaneous medical chemical re-agents||$17.26 M|
|5||Electrical supplies, apparatus, less than 1000V||$6.58 M|
|6||Petroleum products||$5.53 M|
|7||Returned exports, without change||$5.5 M|
|8||Women's or girls' overcoats, etc.||$4.2 M|
|9||Cameras, including TV cameras||$3.98 M|
|10||Misc. duty free imports||$3.38 M|
Port of Palm Beach, Fla.’s trade decreases 19.92 percent through July
Port of Palm Beach, Fla.’s trade with the world fell 19.92 percent, from $1.52 billion to $1.22 billion through the first seven 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 $2.08 trillion, with exports at $799.82 billion and imports at $1.28 trillion. The nation’s total trade decreased 13.79 percent compared to the same period last year. Exports fell 16.38 percent and imports fell 12.08 percent.
Port of Palm Beach, Fla. ranked No. 116 for total trade among the nation’s roughly 450 airports, seaports and border crossings through July of 2020. During the same period of 2019 it ranked No. 117. It finished No. 118 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; Chicago O’Hare International Airport; John F. Kennedy International Airport; Port Laredo and Port of Newark.
Through July Port of Palm Beach, Fla.’s top trade partners were No. 1 Bahamas, No. 2 Cayman Islands, No. 3 Trinidad and Tobago, No. 4 United Kingdom and No. 5 Italy. Through the same period of the previous year, the top trade partners were held by Bahamas, Cayman Islands, Trinidad and Tobago, British Virgin Islands and Italy, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Bahamas fell 35.62 percent to $386.18 million.
Exports fell 36.62 percent to $353.1 million. Imports fell 22.59 percent to $33.09 million.
- Trade with No. 2 Cayman Islands fell 27.76 percent to $81.59 million.
Exports fell 27.58 percent to $81.47 million. Imports fell 72.64 percent to $121,407.
- Trade with No. 3 Trinidad and Tobago fell 21.23 percent to $58.05 million.
Exports fell 21.2 percent to $57.96 million. Imports fell 37.91 percent to $94,393.
- Trade with No. 4 United Kingdom rose 15.18 percent to $53.27 million.
Exports rose 115.07 percent to $4.81 million. Imports rose 10.11 percent to $48.46 million.
- Trade with No. 5 Italy fell 38.21 percent to $43.62 million.
Exports rose 12.48 percent to $8.57 million. Imports fell 44.34 percent to $35.05 million.
Port of Palm Beach, Fla.’s top five trading partners through July accounted for 60.12 percent of its trade with the world.
Port of Palm Beach, Fla. had trade surpluses with 63 countries and deficits with 24 through July. That compares with 60 surpluses and 33 deficits for the same period one year earlier. The top three surpluses through July of this year were with Bahamas, $320.01 million; Cayman Islands, $81.35 million; and Trinidad and Tobago, $57.86 million. The top three deficits through July of this year were with United Kingdom, $43.66 million; Italy, $26.47 million; and Canada, $21.25 million.
Through July its top exports were Motorboats and yachts; Chicken and other poultry; Passenger vehicles; Furniture, parts; and Misc. iron or steel structures and parts, in that order. Those accounted for 18.58 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 Electrical supplies, apparatus, less than 1000V, accounting for 76.79 percent of all inbound shipments.
Looking more closely at Port of Palm Beach, Fla.’s exports:
- Motorboats and yachts fell 61.03 percent compared to last year to $89.01 million.
- Chicken and other poultry fell 18.39 percent compared to last year to $30.91 million.
- Passenger vehicles rose 22.75 percent compared to last year to $22.52 million.
- Furniture, parts fell 5 percent compared to last year to $20.57 million.
- Misc. iron or steel structures and parts fell 0.42 percent compared to last year to $14.9 million.
On the import side:
- Motorboats and yachts fell 6.81 percent compared to last year to $136.72 million.
- Potatoes, prepared, frozen fell 19.94 percent compared to last year to $19.74 million.
- Shrimp, other crustaceans fell 23.72 percent compared to last year to $18.05 million.
- Miscellaneous medical chemical re-agents rose 5.27 percent compared to last year to $17.26 million.
- Electrical supplies, apparatus, less than 1000V rose 53.42 percent compared to last year to $6.58 million.
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.