|1||Bombs, grenades, cartridges, parts||$1.21 B|
|2||Defense-related aircraft, parts||$377.47 M|
|3||Motor vehicle parts||$287.5 M|
|4||Misc. machinery for moving, grading||$174.05 M|
|5||Chemical wood pulp, not dissolving grade||$154.51 M|
|6||Cotton yarn||$120.29 M|
|7||Tanks, armored fighting vehicles, parts||$84.99 M|
|8||Fuel wood in logs, chips||$83.48 M|
|9||Pork meat, fresh, frozen or chilled||$76.56 M|
|10||Paper, uncoated, for writing||$67.35 M|
|1||Acyclic alcohols||$256.73 M|
|2||Sweaters, pullovers, vests, knit or crocheted||$228.67 M|
|3||Motor vehicle parts||$127.66 M|
|4||Furniture, parts||$127.56 M|
|5||Nitrogenous fertilizers||$92.66 M|
|6||Self-propelled heavy construction machinery||$87.9 M|
|7||Hardware for fixtures||$72.32 M|
|8||Compressors and pumps||$69.06 M|
|9||Primary cells, batteries, parts||$61.59 M|
|10||Seats, excluding barber, dental||$61.38 M|
Port of Wilmington, N.C.’s trade increases 25.3 percent through October
Port of Wilmington, N.C.’s trade with the world rose 25.3 percent, from $6.64 billion to $8.31 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 Wilmington, N.C. ranked No. 73 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. 77. It finished No. 78 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 Wilmington, N.C.’s top trade parters were No. 1 Saudi Arabia, No. 2 China, No. 3 United Kingdom, No. 4 Germany and No. 5 Belgium . Through the same period of the previous year, the top trade partners were held by Saudi Arabia, China, United Kingdom, Germany and Belgium, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Saudi Arabia rose 8.71 percent to $1.78 billion.
Exports rose 6.26 percent to $1.57 billion. Imports rose 31.46 percent to $209.66 million.
- Trade with No. 2 China rose 60.55 percent to $1.38 billion.
Exports rose 12.21 percent to $289.77 million. Imports rose 81.39 percent to $1.09 billion.
- Trade with No. 3 United Kingdom rose 51.15 percent to $1.15 billion.
Exports rose 75.72 percent to $792.31 million. Imports rose 15.51 percent to $359.12 million.
- Trade with No. 4 Germany rose 21.19 percent to $710.01 million.
Exports rose 34.52 percent to $206.59 million. Imports rose 16.45 percent to $503.42 million.
- Trade with No. 5 Belgium rose 8.71 percent to $469.88 million.
Exports fell 0.59 percent to $354.49 million. Imports rose 52.53 percent to $115.39 million.
Port of Wilmington, N.C.’s top five trading partners through October accounted for 66.02 percent of its trade with the world.
Port of Wilmington, N.C. had trade surpluses with 45 countries and deficits with 58 through October. That compares with 46 surpluses and 63 deficits for the same period one year earlier. The top three surpluses through October of this year were with Saudi Arabia, $1.36 billion; United Kingdom, $433.19 million; and Belgium, $239.1 million. The top three deficits through October of this year were with China, $796.52 million; Germany, $296.83 million; and Trinidad and Tobago, $83.63 million.
Through October it’s top exports were Bombs, grenades, cartridges, parts; Defense-related aircraft, parts; Motor vehicle parts; Misc. machinery for moving, grading; and Chemical wood pulp, not dissolving grade, in that order. Those accounted for 48.72 percent of its total outbound trade. The Port’s top imports were Acyclic alcohols; Sweaters, pullovers, vests, knit or crocheted; Motor vehicle parts; Furniture, parts; and Nitrogenous fertilizers, accounting for 21.96 percent of all inbound shipments.
Looking more closely at Port of Wilmington, N.C.’s exports:
- Bombs, grenades, cartridges, parts rose 4.96 percent compared to last year to $1.21 billion.
- Defense-related aircraft, parts fell 5.68 percent compared to last year to $377.47 million.
- Motor vehicle parts rose 39.61 percent compared to last year to $287.5 million.
- Misc. machinery for moving, grading rose 19851 percent compared to last year to $174.05 million.
- Chemical wood pulp, not dissolving grade rose 1.57 percent compared to last year to $154.51 million.
On the import side:
- Acyclic alcohols rose 40.48 percent compared to last year to $256.73 million.
- Sweaters, pullovers, vests, knit or crocheted rose 91.52 percent compared to last year to $228.67 million.
- Motor vehicle parts rose 28.34 percent compared to last year to $127.66 million.
- Furniture, parts rose 154.69 percent compared to last year to $127.56 million.
- Nitrogenous fertilizers rose 32.21 percent compared to last year to $92.66 million.
Last year Port of Wilmington, N.C. posted total trade with the world of $8.56 billion. The Port’s deficit was $12.77 million . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $4.27 billion and imports came to $4.29 billion.