|1||Scrap iron, steel||$201.64 M|
|2||Motor vehicles for transporting people||$34.18 M|
|3||Ethyl alcohol||$13.63 M|
|4||Motor vehicle parts||$12.42 M|
|5||Gasoline, other fuels||$11.89 M|
|6||Motorboats and yachts||$2.05 M|
|7||Self-propelled heavy construction machinery||$540,200|
|10||Machinery (Not Laundry) For Cleaning, Drying 8451||$100,200|
|1||Motor vehicles for transporting people||$5.5 B|
|2||Gasoline, other fuels||$1.21 B|
|3||Commercial vehicles||$179.81 M|
|4||Petroleum products||$98.04 M|
|5||Motorboats and yachts||$55.98 M|
|6||Firearm parts and accessories||$28.86 M|
|7||Portland, aluminous and slag cement||$18.81 M|
|8||Various forms of salt||$11.76 M|
|9||Misc. engines and motors, parts||$10.33 M|
|10||Misc. aluminum oxides and hydroxides||$7.72 M|
Port of Providence, R.I.’s trade increases 9.85 percent through October
Port of Providence, R.I.’s trade with the world rose 9.85 percent, from $6.75 billion to $7.41 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 Providence, R.I. ranked No. 78 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. 75. It finished No. 76 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 Providence, R.I.’s top trade parters were No. 1 Mexico, No. 2 Germany, No. 3 Slovakia, No. 4 Canada and No. 5 Japan . Through the same period of the previous year, the top trade partners were held by Germany, Mexico, Japan, Slovakia and United Kingdom, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Mexico rose 35.5 percent to $2.37 billion.
Exports rose 120.7 percent to $13.05 million. Imports rose 35.21 percent to $2.36 billion.
- Trade with No. 2 Germany fell 23.78 percent to $1.67 billion.
Exports rose 165.7 percent to $3.82 million. Imports fell 23.91 percent to $1.66 billion.
- Trade with No. 3 Slovakia rose 39.77 percent to $695.98 million.
There were no exports. Imports rose 39.77 percent to $695.98 million.
- Trade with No. 4 Canada rose 25.45 percent to $533.05 million.
Exports rose 6266.46 percent to $11.91 million. Imports rose 22.7 percent to $521.14 million.
- Trade with No. 5 Japan rose 5.29 percent to $531.46 million.
There were no exports. Imports rose 5.29 percent to $531.46 million.
Port of Providence, R.I.’s top five trading partners through October accounted for 78.26 percent of its trade with the world.
Port of Providence, R.I. had trade surpluses with 20 countries and deficits with 32 through October. That compares with 19 surpluses and 32 deficits for the same period one year earlier. The top three surpluses through October of this year were with Turkey, $112.07 million; Nigeria, $28.55 million; and Egypt, $15.34 million. The top three deficits through October of this year were with Mexico, $2.35 billion; Germany, $1.66 billion; and Slovakia, $695.98 million.
Through October it’s top exports were Scrap iron, steel; Motor vehicles for transporting people; Ethyl alcohol; Motor vehicle parts; and Gasoline, other fuels, in that order. Those accounted for 98.69 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Gasoline, other fuels; Commercial vehicles; Petroleum products; and Motorboats and yachts, accounting for 98.67 percent of all inbound shipments.
Looking more closely at Port of Providence, R.I.’s exports:
- Scrap iron, steel rose 36.72 percent compared to last year to $201.64 million.
- Motor vehicles for transporting people rose 65.58 percent compared to last year to $34.18 million.
- Ethyl alcohol rose 169.08 percent compared to last year to $13.63 million.
- Motor vehicle parts rose 285 percent compared to last year to $12.42 million.
- Gasoline, other fuels totaled $11.89 million. The previous year, there were no exports in this category.
On the import side:
- Motor vehicles for transporting people rose 3.3 percent compared to last year to $5.5 billion.
- Gasoline, other fuels rose 11.51 percent compared to last year to $1.21 billion.
- Commercial vehicles totaled $179.81 million. The previous year, there were no imports in this category.
- Petroleum products rose 79.84 percent compared to last year to $98.04 million.
- Motorboats and yachts rose 93.51 percent compared to last year to $55.98 million.
Last year Port of Providence, R.I. posted total trade with the world of $0. The Port’s deficit was $0 . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $0 and imports came to $0.