|1||Bombs, grenades, cartridges, parts||$249.24 M|
|2||Defense-related aircraft, parts||$142.73 M|
|3||Pork meat, fresh, frozen or chilled||$126.8 M|
|4||Chemical wood pulp, not dissolving grade||$67.11 M|
|5||Motor vehicle parts||$61.98 M|
|6||Misc. articles of stone, mineral substance||$57.52 M|
|7||Tanks, armored fighting vehicles, parts||$55.35 M|
|8||Fuel wood in logs, chips||$54.08 M|
|9||Exports military apparel, military equipment||$46.02 M|
|10||Chicken and other poultry||$44.53 M|
|1||Photo-sensitive semi-conductors, parts||$134.16 M|
|2||Sweaters, pullovers, vests, knit or crocheted||$107.26 M|
|3||T-shirts, tank tops, knit or crocheted||$60.99 M|
|4||Nitrogenous fertilizers||$51.02 M|
|5||Furniture, parts||$44.82 M|
|6||Compressors and pumps||$39.38 M|
|7||Heterocyclic chemical compounds||$38.46 M|
|8||Motor vehicle parts||$33.06 M|
|9||Plastic shoes||$32.85 M|
Port of Wilmington, N.C.’s trade decreases 16.24 percent through May
Port of Wilmington, N.C.’s trade with the world fell 16.24 percent, from $4.38 billion to $3.67 billion through the first five 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 $1.48 trillion, with exports at $582.11 billion and imports at $898.44 billion. The nation’s total trade decreased 13.61 percent compared to the same period last year. Exports fell 15.09 percent and imports fell 12.63 percent.
Port of Wilmington, N.C. ranked No. 68 for total trade among the nation’s roughly 450 airports, seaports and border crossings through May of 2020.
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; Port of Newark and John F. Kennedy International Airport.
Through May Port of Wilmington, N.C.’s top trade partners were No. 1 China, No. 2 United Kingdom, No. 3 Germany, No. 4 Saudi Arabia and No. 5 Belgium. Through the same period of the previous year, the top trade partners were held by Saudi Arabia, United Kingdom, China, Germany and Honduras, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 6.67 percent to $591.65 million.
Exports fell 56.31 percent to $191.73 million. Imports rose 245.41 percent to $399.92 million.
- Trade with No. 2 United Kingdom fell 31.04 percent to $417.26 million.
Exports fell 7.08 percent to $241.73 million. Imports fell 49.11 percent to $175.53 million.
- Trade with No. 3 Germany rose 1.46 percent to $370.43 million.
Exports fell 74.58 percent to $69.85 million. Imports rose 232.69 percent to $300.57 million.
- Trade with No. 4 Saudi Arabia fell 70.54 percent to $282.45 million.
Exports rose 1554.96 percent to $267.4 million. Imports fell 98.4 percent to $15.05 million.
- Trade with No. 5 Belgium rose 8.02 percent to $256.13 million.
Exports rose 143.13 percent to $187.88 million. Imports fell 57.3 percent to $68.25 million.
Port of Wilmington, N.C.’s top five trading partners through May accounted for 52.26 percent of its trade with the world.
Port of Wilmington, N.C. had trade surpluses with 47 countries and deficits with 52 through May. That compares with 60 surpluses and 41 deficits for the same period one year earlier. The top three surpluses through May of this year were with Saudi Arabia, $252.34 million; Qatar, $180.04 million; and Belgium, $119.63 million. The top three deficits through May of this year were with Germany, $230.72 million; China, $208.18 million; and Nicaragua, $87.53 million.
Through May its top exports were Bombs, grenades, cartridges, parts; Defense-related aircraft, parts; Pork meat, fresh, frozen or chilled; Chemical wood pulp, not dissolving grade; and Motor vehicle parts, in that order. Those accounted for 36.63 percent of its total outbound trade. The Port’s top imports were Photo-sensitive semi-conductors, parts; Sweaters, pullovers, vests, knit or crocheted; T-shirts, tank tops, knit or crocheted; Nitrogenous fertilizers; and Furniture, parts, accounting for 20.94 percent of all inbound shipments.
Looking more closely at Port of Wilmington, N.C.’s exports:
- Bombs, grenades, cartridges, parts fell 60.31 percent compared to last year to $249.24 million.
- Defense-related aircraft, parts fell 48.81 percent compared to last year to $142.73 million.
- Pork meat, fresh, frozen or chilled rose 103.68 percent compared to last year to $126.8 million.
- Chemical wood pulp, not dissolving grade fell 8.45 percent compared to last year to $67.11 million.
- Motor vehicle parts fell 60.72 percent compared to last year to $61.98 million.
On the import side:
- Photo-sensitive semi-conductors, parts rose 1035108 percent compared to last year to $134.16 million.
- Sweaters, pullovers, vests, knit or crocheted fell 26.42 percent compared to last year to $107.26 million.
- T-shirts, tank tops, knit or crocheted fell 14.07 percent compared to last year to $60.99 million.
- Nitrogenous fertilizers fell 9.49 percent compared to last year to $51.02 million.
- Furniture, parts rose 26.15 percent compared to last year to $44.82 million.
Last year Port of Wilmington, N.C. posted total trade with the world of $10.86 billion. The Port’s surplus was $1.03 billion. Exports totaled $5.94 billion and imports came to $4.91 billion.