|1||Petroleum gases, other gaseous hydrocarbons||$59.75 M|
|2||Plasma, vaccines, blood||$41.48 M|
|3||Gasoline, other fuels||$34.26 M|
|4||Acyclic hydrocarbons||$26.99 M|
|5||Bombs, grenades, cartridges, parts||$21.47 M|
|6||Medical instruments for surgeons, dentists, vets||$19.53 M|
|8||Pork meat, fresh, frozen or chilled||$17.03 M|
|9||Copper waste and scrap||$14.66 M|
|10||Make-up and skin-care products||$12.78 M|
|1||Motor vehicles for transporting people||$582.85 M|
|3||Grapes, fresh or dried||$234.83 M|
|4||Cocoa Beans||$183.26 M|
|5||Medicines in individual dosages||$135.08 M|
|6||Sheep or goat meat, fresh, chilled or frozen||$129.53 M|
|7||Frozen beef||$127.16 M|
|8||Gasoline, other fuels||$107.88 M|
|9||Strawberries, blueberries, raspberries, etc.||$91.4 M|
|10||Flat-rolled iron, steel not under 600 mm||$80.23 M|
Port of Philadelphia’s trade increases 2.54 percent through February
Port of Philadelphia’s trade with the world rose 2.54 percent, from $4.74 billion to $4.87 billion through the first two 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 $650.55 billion, with exports at $260.05 billion and imports at $390.5 billion. The nation’s total trade increased 1.11 percent compared to the same period last year. Exports rose 2.61 percent and imports rose 0.14 percent.
Port of Philadelphia ranked No. 31 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February 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; Port of Newark; John F. Kennedy International Airport and Chicago O’Hare International Airport.
Through February Port of Philadelphia’s top trade parters were No. 1 South Korea, No. 2 Australia, No. 3 Germany, No. 4 Saudi Arabia and No. 5 Chile . Through the same period of the previous year, the top trade partners were held by Germany, South Korea, Saudi Arabia, Australia and Chile, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 South Korea rose 43.31 percent to $516.79 million.
Exports fell 33.4 percent to $2.89 million. Imports rose 44.24 percent to $513.9 million.
- Trade with No. 2 Australia rose 11.97 percent to $397.82 million.
Exports rose 6.37 percent to $142.65 million. Imports rose 15.36 percent to $255.16 million.
- Trade with No. 3 Germany fell 2.76 percent to $356.81 million.
Exports fell 49.83 percent to $28.64 million. Imports rose 5.92 percent to $328.17 million.
- Trade with No. 4 Saudi Arabia fell 4.94 percent to $341.44 million.
Exports rose 528.97 percent to $2.35 million. Imports fell 5.5 percent to $339.08 million.
- Trade with No. 5 Chile fell 22.91 percent to $235.13 million.
Exports fell 50.25 percent to $4.16 million. Imports fell 22.14 percent to $230.97 million.
Port of Philadelphia’s top five trading partners through February accounted for 37.98 percent of its trade with the world.
Port of Philadelphia had trade surpluses with 47 countries and deficits with 103 through February. That compares with 38 surpluses and 113 deficits for the same period one year earlier. The top three surpluses through February of this year were with Dominican Republic, $29.89 million; Lithuania, $8.65 million; and Estonia, $8.28 million. The top three deficits through February of this year were with South Korea, $511.01 million; Saudi Arabia, $336.73 million; and Germany, $299.53 million.
Through February it’s top exports were Petroleum gases, other gaseous hydrocarbons; Plasma, vaccines, blood; Gasoline, other fuels; Acyclic hydrocarbons; and Bombs, grenades, cartridges, parts, in that order. Those accounted for 29.98 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Oil; Grapes, fresh or dried; Cocoa Beans; and Medicines in individual dosages, accounting for 38.27 percent of all inbound shipments.
Looking more closely at Port of Philadelphia’s exports:
- Petroleum gases, other gaseous hydrocarbons rose 38.9 percent compared to last year to $59.75 million.
- Plasma, vaccines, blood rose 140.76 percent compared to last year to $41.48 million.
- Gasoline, other fuels fell 13.49 percent compared to last year to $34.26 million.
- Acyclic hydrocarbons fell 16.02 percent compared to last year to $26.99 million.
- Bombs, grenades, cartridges, parts rose 3318.3 percent compared to last year to $21.47 million.
On the import side:
- Motor vehicles for transporting people rose 47.83 percent compared to last year to $582.85 million.
- Oil fell 10.66 percent compared to last year to $490.93 million.
- Grapes, fresh or dried fell 32.67 percent compared to last year to $234.83 million.
- Cocoa Beans fell 11.5 percent compared to last year to $183.26 million.
- Medicines in individual dosages rose 6.58 percent compared to last year to $135.08 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, The Netherlands, Iceland, Germany and Norway. Exports totaled $4.32 billion and imports came to $17.66 billion.