|1||Misc. medical chemical re-agents||$6.64 M|
|2||Misc. aircraft parts||$3.23 M|
|4||Returned exports, without change||$512,878|
|5||Glass containers for packing||$394,042|
|7||Electric motors, generators, not sets||$308,294|
|8||Miscellaneous machine parts||$287,914|
|9||Electric sound or visual signaling equipment||$277,353|
|10||Misc. iron and steel articles||$258,087|
Port of Salem, Mass. Top Trading Partners
Total trade: $230.14 million
January – December 2017
Top U.S. Trading Partners
Total U.S. trade: $3.89 trillion
Port of Salem, Mass.’s trade increases 862.78 percent through December
Port of Salem, Mass.’s trade with the world rose 862.78 percent, from $23.9 million to $230.14 million in 2017 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 $3.89 trillion, with exports at $1.55 trillion and imports at $2.34 trillion. The nation’s total trade increased 6.77 percent compared to the same period last year. Exports rose 6.4 percent and imports rose 7.02 percent.
Port of Salem, Mass. ranked No. 190 for total trade among the nation’s roughly 450 airports, seaports and border crossings through December of 2017. During the same period of 2016 it ranked No. 279. It finished No. 279 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 December Port of Salem, Mass.’s top five trade partners were No. 1 Germany, No. 2 Romania, No. 3 Indonesia, No. 4 China and No. 5 France . Through the same period of the previous year, the top five spots were held by China, South Korea, Italy, The Netherlands and Sweden, respectively
Taking a closer look at its leading trade partners:
- Trade with No. 1 Germany rose 290167 percent to $217.64 million.
There were no exports. Imports rose 290167 percent to $217.64 million.
- Trade with No. 2 Romania rose 80064 percent to $2.72 million.
There were no exports. Imports rose 80064 percent to $2.72 million.
- Trade with No. 3 Indonesia totaled $2.23 million.
There were no exports. Imports totaled $2.23 million.
- Trade with No. 4 China fell 90.04 percent to $1.32 million.
There were no exports. Imports fell 90.04 percent to $1.32 million.
- Trade with No. 5 France rose 308.6 percent to $1.24 million.
There were no exports. Imports rose 308.6 percent to $1.24 million.
Port of Salem, Mass.’s top five trading partners through December accounted for 97.83 percent of its trade with the world.
Port of Salem, Mass. had trade surpluses with three countries and deficits with 37 through December. That compares with three surpluses and 21 deficits for the same period one year earlier. The top three surpluses through December of this year were with Bermuda, $637,525; Guatemala, $12,039; and Peru, $6,128. The top three deficits through December of this year were with Germany, $217.64 million; Romania, $2.72 million; and Indonesia, $2.23 million.
Top Exports from Port of Salem, Mass.
Total Exports: $655,692
|2||Air conditioning machines||$289,714|
|3||Water-based paints and varnishes||$29,257|
|4||Bread, pastry, cakes||$28,100|
|5||Prepared glues and adhesives||$12,039|
|7||Medical instruments for surgeons, dentists, vets||$0|
|8||Insulated wire, cable||$0|
|9||Exports returned, without change||$0|
|10||Aircraft engines, engine parts||$0|
January – December 2017
Top Imports from Port of Salem, Mass.
Total Imports: $229.49 million
|1||Medical instruments for surgeons, dentists, vets||$210,037,723|
|3||Insulated wire, cable||$3,515,246|
|4||Exports returned, without change||$3,270,248|
|5||Aircraft engines, engine parts||$1,264,766|
|6||Motorboats and yachts||$994,391|
|7||Power supplies, transformers||$765,192|
|8||Microscopes, except optical, parts||$531,651|
|9||Taps, cocks and valves for pipes, tanks||$480,548|
|10||Unrecorded media for audio||$412,284|
Through December it’s top five exports by value December were Beer; Air conditioning machines; Water-based paints and varnishes; Bread, pastry, cakes; and Prepared glues and adhesives, in that order. Those accounted for 99.07 percent of its total outbound trade. The value of the Port’s top five imports December were Medical instruments for surgeons, dentists, vets; Books, brochures; Insulated wire, cable; Exports returned, without change; and Aircraft engines, engine parts, accounted for 97.05 percent of all inbound shipments.
Looking more closely at Port of Salem, Mass.’s exports:
- Beer rose 79.26 percent compared to last year to $290,454.
- Air conditioning machines totaled $289,714. The previous year, there were no exports in this category.
- Water-based paints and varnishes totaled $29,257. The previous year, there were no exports in this category.
- Bread, pastry, cakes totaled $28,100. The previous year, there were no exports in this category.
- Prepared glues and adhesives totaled $12,039. The previous year, there were no exports in this category.
On the import side:
- Medical instruments for surgeons, dentists, vets rose 94971 percent compared to last year to $210.04 million.
- Books, brochures totaled $4.64 million. The previous year, there were no imports in this category.
- Insulated wire, cable totaled $3.52 million. The previous year, there were no imports in this category.
- Exports returned, without change totaled $3.27 million. The previous year, there were no imports in this category.
- Aircraft engines, engine parts fell 49.51 percent compared to last year to $1.26 million.
Last year Port of Salem, Mass. posted total trade with the world of $23.9 million. The Port’s deficit was $23.28 million . At the end of the year, the region’s top five partners were Canada, Iceland, Germany, United Kingdom and The Netherlands. Exports totaled $312,531 and imports came to $23.59 million.