|1||Bombs, grenades, cartridges, parts||$375.13 M|
|2||Defense-related aircraft, parts||$97.22 M|
|3||Motor vehicle parts||$62.59 M|
|4||Tanks, armored fighting vehicles, parts||$38.8 M|
|5||Cotton yarn||$27.71 M|
|6||Chemical wood pulp, not dissolving grade||$26.48 M|
|7||Pork meat, fresh, frozen or chilled||$24.19 M|
|8||Synthetic yarn, not retail||$20.57 M|
|9||Fuel wood in logs, chips||$17.3 M|
|10||Exports military apparel, military equipment||$15.86 M|
|1||Sweaters, pullovers, vests, knit or crocheted||$47.14 M|
|2||Motor vehicle parts||$23.19 M|
|3||Acyclic alcohols||$22.62 M|
|4||Nitrogenous fertilizers||$21.61 M|
|5||T-shirts, tank tops, knit or crocheted||$21.19 M|
|6||Self-propelled heavy construction machinery||$18.22 M|
|7||Furniture, parts||$13.7 M|
|8||Cyclic hydrocarbons||$13.62 M|
|9||TVs, computer monitors||$12.79 M|
|10||Compressors and pumps||$12.04 M|
Port of Wilmington, N.C.’s trade increases 19.96 percent through February
Port of Wilmington, N.C.’s trade with the world rose 19.96 percent, from $1.42 billion to $1.7 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 Wilmington, N.C. ranked No. 70 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 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 Honduras . Through the same period of the previous year, the top trade partners were held by United Kingdom, China, Germany, Saudi Arabia and Belgium, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Saudi Arabia rose 288.61 percent to $416.49 million.
Exports rose 544.63 percent to $405.79 million. Imports fell 75.8 percent to $10.7 million.
- Trade with No. 2 China fell 19.87 percent to $214.73 million.
Exports fell 20.71 percent to $43.05 million. Imports fell 19.66 percent to $171.67 million.
- Trade with No. 3 United Kingdom fell 40.58 percent to $208.7 million.
Exports fell 52.25 percent to $134.27 million. Imports rose 6.26 percent to $74.43 million.
- Trade with No. 4 Germany fell 16.64 percent to $118.12 million.
Exports fell 10.66 percent to $37.49 million. Imports fell 19.15 percent to $80.64 million.
- Trade with No. 5 Honduras rose 73.04 percent to $102.93 million.
Exports rose 114.39 percent to $58.23 million. Imports rose 38.3 percent to $44.7 million.
Port of Wilmington, N.C.’s top five trading partners through February accounted for 62.45 percent of its trade with the world.
Port of Wilmington, N.C. had trade surpluses with 36 countries and deficits with 56 through February. That compares with 32 surpluses and 49 deficits for the same period one year earlier. The top three surpluses through February of this year were with Saudi Arabia, $395.08 million; United Arab Emirates, $95.85 million; and United Kingdom, $59.85 million. The top three deficits through February of this year were with China, $128.62 million; Germany, $43.15 million; and Russia, $17.01 million.
Through February it’s top exports were Bombs, grenades, cartridges, parts; Defense-related aircraft, parts; Motor vehicle parts; Tanks, armored fighting vehicles, parts; and Cotton yarn, in that order. Those accounted for 58.44 percent of its total outbound trade. The Port’s top imports were Sweaters, pullovers, vests, knit or crocheted; Motor vehicle parts; Acyclic alcohols; Nitrogenous fertilizers; and T-shirts, tank tops, knit or crocheted, accounting for 20.27 percent of all inbound shipments.
Looking more closely at Port of Wilmington, N.C.’s exports:
- Bombs, grenades, cartridges, parts rose 482.26 percent compared to last year to $375.13 million.
- Defense-related aircraft, parts rose 181.58 percent compared to last year to $97.22 million.
- Motor vehicle parts rose 30.76 percent compared to last year to $62.59 million.
- Tanks, armored fighting vehicles, parts totaled $38.8 million. The previous year, there were no exports in this category.
- Cotton yarn rose 72.24 percent compared to last year to $27.71 million.
On the import side:
- Sweaters, pullovers, vests, knit or crocheted rose 96.32 percent compared to last year to $47.14 million.
- Motor vehicle parts fell 10.66 percent compared to last year to $23.19 million.
- Acyclic alcohols fell 52.56 percent compared to last year to $22.62 million.
- Nitrogenous fertilizers rose 36.49 percent compared to last year to $21.61 million.
- T-shirts, tank tops, knit or crocheted rose 115.07 percent compared to last year to $21.19 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, The Netherlands, Iceland, Germany and Norway. Exports totaled $4.27 billion and imports came to $4.29 billion.