|1||Scrap iron, steel||$142.96 M|
|2||Motor vehicles for transporting people||$45.76 M|
|3||Parts for cellular communications||$33.79 M|
|4||Motor vehicle parts||$15.4 M|
|5||Electric capacitors||$1.32 M|
|6||Insulated wire, cable||$1.19 M|
|9||Self-propelled heavy construction machinery||$252,375|
|10||Misc. dead animal products||$157,608|
|1||Motor vehicles for transporting people||$5.85 B|
|2||Gasoline, other fuels||$866.91 M|
|3||Commercial vehicles||$251.19 M|
|4||Petroleum products||$67.1 M|
|5||Motorboats and yachts||$25.91 M|
|6||Portland, aluminous and slag cement||$13.19 M|
|7||Misc. iron or steel structures and parts||$12.48 M|
|8||Prefabricated buildings||$5.67 M|
|9||Various forms of salt||$5.6 M|
|10||Value added to a returned import||$3.83 M|
Port of Providence, R.I.’s trade increases 26.5 percent through August
Port of Providence, R.I.’s trade with the world rose 26.5 percent, from $5.81 billion to $7.35 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 Providence, R.I. ranked No. 67 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 Providence, R.I.’s top trade partners 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 Mexico, Germany, Canada, Slovakia and Japan, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Mexico rose 49.11 percent to $2.84 billion.
Exports fell 62.86 percent to $4.79 million. Imports rose 49.87 percent to $2.84 billion.
- Trade with No. 2 Germany rose 20.96 percent to $1.61 billion.
Exports rose 222.18 percent to $2.98 million. Imports rose 20.82 percent to $1.61 billion.
- Trade with No. 3 Slovakia rose 97.77 percent to $811.12 million.
There were no exports. Imports rose 97.77 percent to $811.12 million.
- Trade with No. 4 Canada rose 16.14 percent to $584.88 million.
Exports fell 98.68 percent to $157,608. Imports rose 18.92 percent to $584.73 million.
- Trade with No. 5 Japan rose 17.48 percent to $473.16 million.
There were no exports. Imports rose 17.48 percent to $473.16 million.
Port of Providence, R.I.’s top five trading partners through August accounted for 86 percent of its trade with the world.
Port of Providence, R.I. had trade surpluses with 22 countries and deficits with 33 through August. That compares with 17 surpluses and 31 deficits for the same period one year earlier. The top three surpluses through August of this year were with Turkey, $58.51 million; Nigeria, $39.51 million; and Qatar, $36.7 million. The top three deficits through August of this year were with Mexico, $2.83 billion; Germany, $1.61 billion; and Slovakia, $811.12 million.
Through August its top exports were Scrap iron, steel; Motor vehicles for transporting people; Parts for cellular communications; Motor vehicle parts; and Electric capacitors, in that order. Those accounted for 98.65 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 99.33 percent of all inbound shipments.
Looking more closely at Port of Providence, R.I.’s exports:
- Scrap iron, steel fell 14.78 percent compared to last year to $142.96 million.
- Motor vehicles for transporting people rose 82.85 percent compared to last year to $45.76 million.
- Parts for cellular communications totaled $33.79 million. The previous year, there were no exports in this category.
- Motor vehicle parts rose 50.04 percent compared to last year to $15.4 million.
- Electric capacitors totaled $1.32 million. The previous year, there were no exports in this category.
On the import side:
- Motor vehicles for transporting people rose 35.73 percent compared to last year to $5.85 billion.
- Gasoline, other fuels fell 9.26 percent compared to last year to $866.91 million.
- Commercial vehicles rose 129.75 percent compared to last year to $251.19 million.
- Petroleum products fell 25.48 percent compared to last year to $67.1 million.
- Motorboats and yachts fell 38.29 percent compared to last year to $25.91 million.
Last year Port of Providence, R.I. posted total trade with the world of $9.07 billion. The Port’s deficit was $8.4 billion. At the end of the year, the port’s top five trade partners were Mexico, Germany, Slovakia, Japan and Canada. Exports totaled $335.71 million and imports came to $8.74 billion.