|1||Passenger vehicles||$1.26 B|
|2||Civilian aircraft, parts||$1.07 B|
|3||Motor vehicle parts||$206.38 M|
|4||Rubber tires||$133.14 M|
|6||Pork meat, fresh, frozen or chilled||$103.76 M|
|7||Polyethers, epoxides and polyesters, primary forms||$102.52 M|
|8||Chemical wood pulp, not dissolving grade||$86.45 M|
|9||Miscellaneous machines, parts||$82.78 M|
|10||Scrap of precious metal||$81.39 M|
|1||Motor vehicle parts||$593.75 M|
|2||Defense-related aircraft, parts||$410.92 M|
|3||Motor vehicle engines||$323.25 M|
|4||Medicines in individual dosages||$321.02 M|
|5||Internal combustion engines||$197.59 M|
|6||Rubber tires||$178.91 M|
|7||Scrap of precious metal||$151.57 M|
|8||Photo-sensitive semi-conductors, parts||$137.85 M|
|9||Taps, cocks and valves for pipes, tanks||$132.14 M|
|10||Furniture, parts||$114.02 M|
Port of Charleston’s trade increases 2.59 percent through February
Port of Charleston’s trade with the world rose 2.59 percent, from $13.45 billion to $13.8 billion through the first two 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 $635.89 billion, with exports at $261.18 billion and imports at $374.71 billion. The nation’s total trade decreased 2.25 percent compared to the same period last year. Exports rose 0.43 percent and imports fell 4.04 percent.
Port of Charleston ranked No. 13 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February 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 February Port of Charleston’s top trade partners were No. 1 Germany, No. 2 China, No. 3 Japan, No. 4 India and No. 5 The Netherlands. Through the same period of the previous year, the top trade partners were held by China, Germany, Japan, India and United Kingdom, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Germany rose 14.87 percent to $2.67 billion.
Exports rose 5.12 percent to $722.83 million. Imports rose 18.97 percent to $1.95 billion.
- Trade with No. 2 China fell 25.25 percent to $1.96 billion.
Exports fell 45.7 percent to $682.48 million. Imports fell 6.34 percent to $1.27 billion.
- Trade with No. 3 Japan fell 25.85 percent to $658.85 million.
Exports fell 18.43 percent to $216.37 million. Imports fell 29.01 percent to $442.48 million.
- Trade with No. 4 India fell 0.53 percent to $570.61 million.
Exports rose 5.64 percent to $106.28 million. Imports fell 1.84 percent to $464.33 million.
- Trade with No. 5 The Netherlands rose 23.64 percent to $479.98 million.
Exports rose 76.27 percent to $346.36 million. Imports fell 30.3 percent to $133.62 million.
Port of Charleston’s top five trading partners through February accounted for 45.9 percent of its trade with the world.
Port of Charleston had trade surpluses with 79 countries and deficits with 90 through February. That compares with 91 surpluses and 83 deficits for the same period one year earlier. The top three surpluses through February of this year were with Spain, $259.27 million; Belgium, $215.15 million; and The Netherlands, $212.74 million. The top three deficits through February of this year were with Germany, $1.22 billion; China, $590.52 million; and India, $358.06 million.
Through February its top exports were Passenger vehicles; Civilian aircraft, parts; Motor vehicle parts; Rubber tires; and Cotton, in that order. Those accounted for 51.02 percent of its total outbound trade. The Port’s top imports were Motor vehicle parts; Defense-related aircraft, parts; Motor vehicle engines; Medicines in individual dosages; and Internal combustion engines, accounting for 22.19 percent of all inbound shipments.
Looking more closely at Port of Charleston’s exports:
- Passenger vehicles rose 14.15 percent compared to last year to $1.26 billion.
- Civilian aircraft, parts fell 10.9 percent compared to last year to $1.07 billion.
- Motor vehicle parts rose 29.11 percent compared to last year to $206.38 million.
- Rubber tires fell 14.28 percent compared to last year to $133.14 million.
- Cotton rose 147.32 percent compared to last year to $118.37 million.
On the import side:
- Motor vehicle parts rose 18.16 percent compared to last year to $593.75 million.
- Defense-related aircraft, parts fell 46.49 percent compared to last year to $410.92 million.
- Motor vehicle engines rose 99.75 percent compared to last year to $323.25 million.
- Medicines in individual dosages rose 72.47 percent compared to last year to $321.02 million.
- Internal combustion engines rose 49.96 percent compared to last year to $197.59 million.
Last year Port of Charleston posted total trade with the world of $90.66 billion. The Port’s deficit was $10.45 billion. Exports totaled $40.1 billion and imports came to $50.55 billion.