|1||Gasoline, other fuels||$354.13 M|
|2||Cell phones, related equipment||$34.31 M|
|3||Ethyl alcohol||$15.18 M|
|4||Vehicle audio systems||$3.13 M|
|5||Defense-related aircraft, parts||$2.67 M|
|7||Aluminum foil, less than 0.2 mm thick||$2.06 M|
|8||Motor vehicle parts||$1.76 M|
|9||Medical instruments for surgeons, dentists, vets||$1.28 M|
|1||Gasoline, other fuels||$3.1 B|
|2||Acyclic alcohols||$44.73 M|
|4||Petroleum products||$36.77 M|
|5||Bitumen and asphalt, shale and tar sands||$27.74 M|
|6||Sweaters, pullovers, vests, knit or crocheted||$19.13 M|
|7||Leather shoes||$10.58 M|
|8||Plastic shoes||$6.28 M|
|9||Men's or boys' suits, knit or crocheted||$4.32 M|
|10||Shoes made of textile||$4.31 M|
Port of Perth Amboy, N.J.’s trade increases 34 percent through October
Port of Perth Amboy, N.J.’s trade with the world rose 34 percent, from $2.79 billion to $3.73 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 Perth Amboy, N.J. ranked No. 100 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. 103. It finished No. 109 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 Perth Amboy, N.J.’s top trade parters were No. 1 India, No. 2 Russia, No. 3 United Kingdom, No. 4 The Netherlands and No. 5 Portugal . Through the same period of the previous year, the top trade partners were held by India, United Kingdom, Russia, Canada and Portugal, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 India rose 26.42 percent to $571.77 million.
Exports totaled $439,313. Imports rose 26.32 percent to $571.33 million.
- Trade with No. 2 Russia rose 74.4 percent to $410.85 million.
Exports rose 725.57 percent to $158,922. Imports rose 74.35 percent to $410.69 million.
- Trade with No. 3 United Kingdom rose 22.34 percent to $340.53 million.
Exports fell 41.11 percent to $171,920. Imports rose 22.41 percent to $340.36 million.
- Trade with No. 4 The Netherlands rose 62.63 percent to $232.36 million.
Exports rose 162.37 percent to $133.49 million. Imports rose 7.47 percent to $98.87 million.
- Trade with No. 5 Portugal rose 16.52 percent to $221.15 million.
There were no exports. Imports rose 16.52 percent to $221.15 million.
Port of Perth Amboy, N.J.’s top five trading partners through October accounted for 47.6 percent of its trade with the world.
Port of Perth Amboy, N.J. had trade surpluses with 26 countries and deficits with 50 through October. That compares with 35 surpluses and 55 deficits for the same period one year earlier. The top three surpluses through October of this year were with Singapore, $96.77 million; The Netherlands, $34.62 million; and Guatemala, $32.33 million. The top three deficits through October of this year were with India, $570.89 million; Russia, $410.53 million; and United Kingdom, $340.19 million.
Through October it’s top exports were Gasoline, other fuels; Cell phones, related equipment; Ethyl alcohol; Vehicle audio systems; and Defense-related aircraft, parts, in that order. Those accounted for 97.32 percent of its total outbound trade. The Port’s top imports were Gasoline, other fuels; Acyclic alcohols; Oil; Petroleum products; and Bitumen and asphalt, shale and tar sands, accounting for 98.22 percent of all inbound shipments.
Looking more closely at Port of Perth Amboy, N.J.’s exports:
- Gasoline, other fuels rose 41.78 percent compared to last year to $354.13 million.
- Cell phones, related equipment rose 567.27 percent compared to last year to $34.31 million.
- Ethyl alcohol rose 5.23 percent compared to last year to $15.18 million.
- Vehicle audio systems totaled $3.13 million. The previous year, there were no exports in this category.
- Defense-related aircraft, parts totaled $2.67 million. The previous year, there were no exports in this category.
On the import side:
- Gasoline, other fuels rose 36.82 percent compared to last year to $3.1 billion.
- Acyclic alcohols rose 281.03 percent compared to last year to $44.73 million.
- Oil fell 28.41 percent compared to last year to $43.81 million.
- Petroleum products rose 196.73 percent compared to last year to $36.77 million.
- Bitumen and asphalt, shale and tar sands rose 113.58 percent compared to last year to $27.74 million.
Last year Port of Perth Amboy, N.J. posted total trade with the world of $2.96 billion. The Port’s deficit was $2.54 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $212.72 million and imports came to $2.75 billion.