|1||Plasma, vaccines, blood||$340.05 M|
|2||Raw tobacco||$145.33 M|
|4||Chemical wood pulp, not dissolving grade||$107.67 M|
|5||Motor vehicle parts||$94.82 M|
|6||Nylon, polyester, other polyamides||$78.84 M|
|7||Wood, sawed or chipped, greater than 6 meters thic||$71.81 M|
|8||Soybean oilcake, other solid residue, not ground||$53.63 M|
|9||Nonelectric rail locomotives, tenders||$51.51 M|
|10||Polyethers, epoxides and polyesters, primary forms||$47.13 M|
|1||Medicines in individual dosages||$540.86 M|
|2||Printers, all types, parts||$357.76 M|
|3||Motor vehicle parts||$263.68 M|
|4||Furniture, parts||$236.11 M|
|5||Seats, excluding barber, dental||$149.92 M|
|6||Taps, cocks and valves for pipes, tanks||$108.54 M|
|7||Toys, children's bicycles, games||$103.75 M|
|8||Linens for bed, bath and kitchen||$96.56 M|
|9||Motor vehicles for transporting people||$88.37 M|
|10||Transmission shafts, bearings, gears||$86.15 M|
Port of Virginia’s trade increases 3.98 percent through February
Port of Virginia’s trade with the world rose 3.98 percent, from $11.55 billion to $12.01 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 Virginia ranked No. 16 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 Virginia’s top trade parters were No. 1 China, No. 2 Germany, No. 3 India, No. 4 Italy and No. 5 Japan . Through the same period of the previous year, the top trade partners were held by China, Germany, India, Japan and Italy, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 5.51 percent to $2.15 billion.
Exports fell 31.33 percent to $293.49 million. Imports rose 0.46 percent to $1.86 billion.
- Trade with No. 2 Germany fell 1.81 percent to $1.42 billion.
Exports rose 8.01 percent to $240.17 million. Imports fell 3.6 percent to $1.18 billion.
- Trade with No. 3 India rose 22.85 percent to $729.43 million.
Exports rose 38.1 percent to $163.06 million. Imports rose 19.07 percent to $566.37 million.
- Trade with No. 4 Italy rose 18.56 percent to $575.17 million.
Exports rose 34.07 percent to $114.37 million. Imports rose 15.25 percent to $460.8 million.
- Trade with No. 5 Japan rose 3.12 percent to $502.19 million.
Exports rose 21.93 percent to $194.16 million. Imports fell 6.02 percent to $308.03 million.
Port of Virginia’s top five trading partners through February accounted for 44.75 percent of its trade with the world.
Port of Virginia had trade surpluses with 95 countries and deficits with 83 through February. That compares with 100 surpluses and 76 deficits for the same period one year earlier. The top three surpluses through February of this year were with Belgium, $218.23 million; The Netherlands, $100.75 million; and South Africa, $53.61 million. The top three deficits through February of this year were with China, $1.56 billion; Germany, $936.62 million; and India, $403.32 million.
Through February it’s top exports were Plasma, vaccines, blood; Raw tobacco; Soybeans; Chemical wood pulp, not dissolving grade; and Motor vehicle parts, in that order. Those accounted for 20.76 percent of its total outbound trade. The Port’s top imports were Medicines in individual dosages; Printers, all types, parts; Motor vehicle parts; Furniture, parts; and Seats, excluding barber, dental, accounting for 19.05 percent of all inbound shipments.
Looking more closely at Port of Virginia’s exports:
- Plasma, vaccines, blood rose 3.13 percent compared to last year to $340.05 million.
- Raw tobacco rose 26.36 percent compared to last year to $145.33 million.
- Soybeans fell 40.17 percent compared to last year to $118.49 million.
- Chemical wood pulp, not dissolving grade rose 11.24 percent compared to last year to $107.67 million.
- Motor vehicle parts fell 20.2 percent compared to last year to $94.82 million.
On the import side:
- Medicines in individual dosages rose 10.5 percent compared to last year to $540.86 million.
- Printers, all types, parts rose 9.76 percent compared to last year to $357.76 million.
- Motor vehicle parts rose 0.06 percent compared to last year to $263.68 million.
- Furniture, parts fell 4.06 percent compared to last year to $236.11 million.
- Seats, excluding barber, dental fell 9.35 percent compared to last year to $149.92 million.
Last year Port of Virginia posted total trade with the world of $70.09 billion. The Port’s deficit was $18.25 billion . At the end of the year, the port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $25.92 billion and imports came to $44.17 billion.