|1||Plasma, vaccines, blood||$1.22 B|
|2||Motor vehicle parts||$407.53 M|
|3||Chemical wood pulp, not dissolving grade||$342.98 M|
|4||Pork meat, fresh, frozen or chilled||$278.46 M|
|5||Raw tobacco||$272.95 M|
|7||Nylon, polyester, other polyamides||$250.18 M|
|8||Scrap of precious metal||$242.35 M|
|9||Wood, sawed or chipped, greater than 6 meters thic||$197.6 M|
|10||Nonelectric rail locomotives, tenders||$192.89 M|
|1||Medicines in individual dosages||$1.68 B|
|2||Printers, all types, parts||$955.12 M|
|3||Motor vehicle parts||$648.24 M|
|4||Furniture, parts||$630.33 M|
|5||Photo-sensitive semi-conductors, parts||$614.97 M|
|6||Medical instruments||$414.82 M|
|7||Seats, excluding barber, dental||$404.14 M|
|8||Linens for bed, bath and kitchen||$285.1 M|
|9||Toys, children's bicycles, games||$231.35 M|
|10||Transmission shafts, bearings, gears||$229.07 M|
Port of Virginia’s trade decreases 13.09 percent through July
Port of Virginia’s trade with the world fell 13.09 percent, from $44.22 billion to $38.43 billion through the first seven months of 2020 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 $2.08 trillion, with exports at $799.82 billion and imports at $1.28 trillion. The nation’s total trade decreased 13.79 percent compared to the same period last year. Exports fell 16.38 percent and imports fell 12.08 percent.
Port of Virginia ranked No. 15 for total trade among the nation’s roughly 450 airports, seaports and border crossings through July of 2020. During the same period of 2019 it ranked No. 16. It finished No. 16 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; Chicago O’Hare International Airport; John F. Kennedy International Airport; Port Laredo and Port of Newark.
Through July Port of Virginia’s top trade partners were No. 1 China, No. 2 Germany, No. 3 India, No. 4 Japan and No. 5 Italy. Through the same period of the previous year, the top trade partners were held by China, Germany, India, Italy and Japan, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 34.7 percent to $4.8 billion.
Exports fell 4.21 percent to $1.15 billion. Imports fell 40.66 percent to $3.65 billion.
- Trade with No. 2 Germany fell 22.73 percent to $3.69 billion.
Exports fell 11.74 percent to $752.12 million. Imports fell 25.11 percent to $2.94 billion.
- Trade with No. 3 India fell 33.95 percent to $1.93 billion.
Exports fell 34.97 percent to $415.83 million. Imports fell 33.67 percent to $1.52 billion.
- Trade with No. 4 Japan fell 20.34 percent to $1.63 billion.
Exports fell 21.16 percent to $661.3 million. Imports fell 19.76 percent to $969.05 million.
- Trade with No. 5 Italy fell 36.9 percent to $1.39 billion.
Exports fell 32.13 percent to $181.17 million. Imports fell 37.56 percent to $1.21 billion.
Port of Virginia’s top five trading partners through July accounted for 40.36 percent of its trade with the world.
Port of Virginia had trade surpluses with 112 countries and deficits with 78 through July. That compares with 111 surpluses and 85 deficits for the same period one year earlier. The top three surpluses through July of this year were with Belgium, $712.33 million; The Netherlands, $279.46 million; and Egypt, $259.69 million. The top three deficits through July of this year were with China, $2.5 billion; Germany, $2.19 billion; and India, $1.1 billion.
Through July its top exports were Plasma, vaccines, blood; Motor vehicle parts; Chemical wood pulp, not dissolving grade; Pork meat, fresh, frozen or chilled; and Raw tobacco, in that order. Those accounted for 18.14 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 Photo-sensitive semi-conductors, parts, accounting for 18.43 percent of all inbound shipments.
Looking more closely at Port of Virginia’s exports:
- Plasma, vaccines, blood rose 0.59 percent compared to last year to $1.22 billion.
- Motor vehicle parts fell 0.29 percent compared to last year to $407.53 million.
- Chemical wood pulp, not dissolving grade fell 11.18 percent compared to last year to $342.98 million.
- Pork meat, fresh, frozen or chilled rose 144.88 percent compared to last year to $278.46 million.
- Raw tobacco fell 29.36 percent compared to last year to $272.95 million.
On the import side:
- Medicines in individual dosages fell 3.41 percent compared to last year to $1.68 billion.
- Printers, all types, parts fell 24.65 percent compared to last year to $955.12 million.
- Motor vehicle parts fell 35.26 percent compared to last year to $648.24 million.
- Furniture, parts fell 20.82 percent compared to last year to $630.33 million.
- Photo-sensitive semi-conductors, parts rose 199.39 percent compared to last year to $614.97 million.
Last year Port of Virginia posted total trade with the world of $74.98 billion. The Port’s deficit was $25.2 billion. Exports totaled $24.89 billion and imports came to $50.09 billion.