|1||Petroleum gases, other gaseous hydrocarbons||$587.34 M|
|2||Gasoline, other fuels||$281.8 M|
|3||Plasma, vaccines, blood||$268.85 M|
|4||Scrap iron, steel||$177.21 M|
|5||Acyclic hydrocarbons||$165.34 M|
|7||Medical instruments for surgeons, dentists, vets||$80.01 M|
|8||Motor vehicles for transporting people||$72.1 M|
|9||Plastic plates, sheet, film||$70.86 M|
|10||Copper waste and scrap||$67.64 M|
|1||Motor vehicles for transporting people||$2.35 B|
|3||Medicines in individual dosages||$982.61 M|
|4||Frozen beef||$708.23 M|
|5||Gasoline, other fuels||$565.74 M|
|6||Sheep or goat meat, fresh, chilled or frozen||$513.84 M|
|7||Cocoa Beans||$511.38 M|
|8||Semifinished products of Iron, nonalloy steel||$440.66 M|
|9||Grapes, fresh or dried||$431.86 M|
|10||Radioactive chemical elements and isotopes||$409.52 M|
Port of Philadelphia’s trade increases 9.42 percent through August
Port of Philadelphia’s trade with the world rose 9.42 percent, from $19.56 billion to $21.41 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 Philadelphia ranked No. 30 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 Philadelphia’s top trade partners were No. 1 South Korea, No. 2 Australia, No. 3 Saudi Arabia, No. 4 Germany and No. 5 Brazil. Through the same period of the previous year, the top trade partners were held by Australia, Saudi Arabia, Germany, South Korea and New Zealand, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 South Korea rose 52.23 percent to $2.12 billion.
Exports rose 74.84 percent to $29.38 million. Imports rose 51.95 percent to $2.09 billion.
- Trade with No. 2 Australia rose 13.58 percent to $1.84 billion.
Exports rose 19.01 percent to $615.81 million. Imports rose 11.04 percent to $1.22 billion.
- Trade with No. 3 Saudi Arabia fell 0.65 percent to $1.55 billion.
Exports rose 62.69 percent to $7.96 million. Imports fell 0.85 percent to $1.54 billion.
- Trade with No. 4 Germany fell 1.19 percent to $1.43 billion.
Exports fell 27.68 percent to $157.3 million. Imports rose 3.5 percent to $1.27 billion.
- Trade with No. 5 Brazil rose 18.39 percent to $1.16 billion.
Exports fell 33.76 percent to $134.76 million. Imports rose 32.03 percent to $1.03 billion.
Port of Philadelphia’s top five trading partners through August accounted for 37.79 percent of its trade with the world.
Port of Philadelphia had trade surpluses with 66 countries and deficits with 118 through August. That compares with 65 surpluses and 123 deficits for the same period one year earlier. The top three surpluses through August of this year were with The Netherlands, $136.05 million; Turkey, $77.08 million; and Belgium, $72.19 million. The top three deficits through August of this year were with South Korea, $2.06 billion; Saudi Arabia, $1.53 billion; and Germany, $1.11 billion.
Through August its top exports were Petroleum gases, other gaseous hydrocarbons; Gasoline, other fuels; Plasma, vaccines, blood; Scrap iron, steel; and Acyclic hydrocarbons, in that order. Those accounted for 41.94 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Oil; Medicines in individual dosages; Frozen beef; and Gasoline, other fuels, accounting for 37.64 percent of all inbound shipments.
Looking more closely at Port of Philadelphia’s exports:
- Petroleum gases, other gaseous hydrocarbons rose 89.95 percent compared to last year to $587.34 million.
- Gasoline, other fuels rose 86.72 percent compared to last year to $281.8 million.
- Plasma, vaccines, blood rose 122.36 percent compared to last year to $268.85 million.
- Scrap iron, steel fell 17.96 percent compared to last year to $177.21 million.
- Acyclic hydrocarbons rose 59.85 percent compared to last year to $165.34 million.
On the import side:
- Motor vehicles for transporting people rose 54.31 percent compared to last year to $2.35 billion.
- Oil fell 7.29 percent compared to last year to $2.12 billion.
- Medicines in individual dosages rose 56.29 percent compared to last year to $982.61 million.
- Frozen beef fell 3.62 percent compared to last year to $708.23 million.
- Gasoline, other fuels fell 1.85 percent compared to last year to $565.74 million.
Last year Port of Philadelphia posted total trade with the world of $29.38 billion. The Port’s deficit was $20.12 billion. At the end of the year, the port’s top five trade partners were Australia, Saudi Arabia, Germany, South Korea and Brazil. Exports totaled $4.63 billion and imports came to $24.75 billion.