|1||Petroleum gases, other gaseous hydrocarbons||$384.62 M|
|2||Gasoline, other fuels||$268.82 M|
|3||Scrap iron, steel||$265.09 M|
|4||Plasma, vaccines, blood||$175.27 M|
|5||Acyclic hydrocarbons||$151.76 M|
|6||Medical instruments for surgeons, dentists, vets||$89.86 M|
|7||Pork meat, fresh, frozen or chilled||$78.9 M|
|8||Make-up and skin-care products||$77.68 M|
|9||Tanks, armored fighting vehicles, parts||$75.44 M|
|10||Misc. plastic articles||$75.19 M|
|2||Motor vehicles for transporting people||$1.94 B|
|3||Frozen beef||$865.86 M|
|4||Medicines in individual dosages||$860.98 M|
|5||Gasoline, other fuels||$855.18 M|
|6||Semifinished products of Iron, nonalloy steel||$615.98 M|
|7||Grapes, fresh or dried||$581.68 M|
|8||Cocoa Beans||$539.35 M|
|9||Sheep or goat meat, fresh, chilled or frozen||$516.67 M|
|10||Oranges, grapefruit, other citrus||$351.9 M|
Port of Philadelphia’s trade increases 9.02 percent through October
Port of Philadelphia’s trade with the world rose 9.02 percent, from $22.58 billion to $24.62 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 Philadelphia ranked No. 33 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. 32. It finished No. 32 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 Philadelphia’s top trade parters were No. 1 Australia, No. 2 Saudi Arabia, No. 3 Germany, No. 4 South Korea and No. 5 New Zealand . Through the same period of the previous year, the top trade partners were held by South Korea, Australia, Germany, New Zealand and Brazil, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Australia fell 7.22 percent to $2.08 billion.
Exports fell 21.71 percent to $692.27 million. Imports rose 2.24 percent to $1.39 billion.
- Trade with No. 2 Saudi Arabia rose 160.66 percent to $2 billion.
Exports fell 25.43 percent to $6.72 million. Imports rose 162.87 percent to $1.99 billion.
- Trade with No. 3 Germany rose 23.09 percent to $1.86 billion.
Exports rose 9.5 percent to $252.94 million. Imports rose 25.54 percent to $1.61 billion.
- Trade with No. 4 South Korea fell 28.72 percent to $1.73 billion.
Exports fell 49.87 percent to $19.75 million. Imports fell 28.37 percent to $1.71 billion.
- Trade with No. 5 New Zealand fell 3.69 percent to $1.24 billion.
Exports rose 0.1 percent to $105.1 million. Imports fell 4.02 percent to $1.13 billion.
Port of Philadelphia’s top five trading partners through October accounted for 36.17 percent of its trade with the world.
Port of Philadelphia had trade surpluses with 64 countries and deficits with 125 through October. That compares with 62 surpluses and 127 deficits for the same period one year earlier. The top three surpluses through October of this year were with The Netherlands, $307.11 million; Belgium, $46.24 million; and Egypt, $43.39 million. The top three deficits through October of this year were with Saudi Arabia, $1.98 billion; South Korea, $1.69 billion; and Germany, $1.36 billion.
Through October it’s top exports were Petroleum gases, other gaseous hydrocarbons; Gasoline, other fuels; Scrap iron, steel; Plasma, vaccines, blood; and Acyclic hydrocarbons, in that order. Those accounted for 31.68 percent of its total outbound trade. The Port’s top imports were Oil; Motor vehicles for transporting people; Frozen beef; Medicines in individual dosages; and Gasoline, other fuels, accounting for 35.26 percent of all inbound shipments.
Looking more closely at Port of Philadelphia’s exports:
- Petroleum gases, other gaseous hydrocarbons fell 8.07 percent compared to last year to $384.62 million.
- Gasoline, other fuels fell 66.57 percent compared to last year to $268.82 million.
- Scrap iron, steel rose 35.61 percent compared to last year to $265.09 million.
- Plasma, vaccines, blood rose 52.57 percent compared to last year to $175.27 million.
- Acyclic hydrocarbons fell 10.04 percent compared to last year to $151.76 million.
On the import side:
- Oil rose 74.87 percent compared to last year to $2.77 billion.
- Motor vehicles for transporting people fell 23.99 percent compared to last year to $1.94 billion.
- Frozen beef rose 4.29 percent compared to last year to $865.86 million.
- Medicines in individual dosages rose 41.78 percent compared to last year to $860.98 million.
- Gasoline, other fuels rose 112.9 percent compared to last year to $855.18 million.
Last year Port of Philadelphia posted total trade with the world of $21.99 billion. The Port’s deficit was $13.34 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $4.32 billion and imports came to $17.66 billion.