|1||Plasma, vaccines, blood||$655.54 M|
|2||Motor vehicles for transporting people||$541.49 M|
|3||Scrap of precious metal||$224.51 M|
|4||Medicines in individual dosages||$210.39 M|
|5||Gasoline, other fuels||$201.78 M|
|6||Civilian aircraft, parts||$182.58 M|
|7||Scrap iron, steel||$178.8 M|
|8||Make-up and skin-care products||$133.28 M|
|9||Motor vehicle parts||$103.55 M|
|10||Medical instruments for surgeons, dentists, vets||$76.82 M|
|1||Motor vehicles for transporting people||$4.1 B|
|2||Medicines in individual dosages||$3.13 B|
|3||Gasoline, other fuels||$2.99 B|
|4||Heterocyclic chemical compounds||$1.63 B|
|6||Rum, gin, vodka, other liquors||$889.02 M|
|7||Furniture, parts||$861.5 M|
|9||Women's or girls' suits, not knit||$788.26 M|
|10||Motor vehicle parts||$744.86 M|
Port of Newark’s trade increases 1.1 percent through April
Port of Newark’s trade with the world rose 1.1 percent, from $63 billion to $63.69 billion through the first four 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 $1.35 trillion, with exports at $543.34 billion and imports at $807.48 billion. The nation’s total trade increased 0.57 percent compared to the same period last year. Exports rose 0.58 percent and imports rose 0.56 percent.
Port of Newark ranked No. 3 for total trade among the nation’s roughly 450 airports, seaports and border crossings through April 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; Chicago O’Hare International Airport and John F. Kennedy International Airport.
Through April Port of Newark’s top trade partners were No. 1 China, No. 2 India, No. 3 Germany, No. 4 Italy and No. 5 Switzerland. Through the same period of the previous year, the top trade partners were held by China, Germany, Italy, India and France, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 6.58 percent to $10.22 billion.
Exports fell 8.03 percent to $253.94 million. Imports fell 6.54 percent to $9.96 billion.
- Trade with No. 2 India rose 10.4 percent to $4.64 billion.
Exports rose 14.01 percent to $206.2 million. Imports rose 10.24 percent to $4.43 billion.
- Trade with No. 3 Germany fell 3.27 percent to $4.56 billion.
Exports rose 21.73 percent to $437.78 million. Imports fell 5.34 percent to $4.12 billion.
- Trade with No. 4 Italy fell 3.72 percent to $4.09 billion.
Exports rose 33.04 percent to $284.74 million. Imports fell 5.67 percent to $3.81 billion.
- Trade with No. 5 Switzerland rose 17.95 percent to $3.25 billion.
Exports fell 34.39 percent to $86.45 million. Imports rose 20.58 percent to $3.16 billion.
Port of Newark’s top five trading partners through April accounted for 42 percent of its trade with the world.
Port of Newark had trade surpluses with 53 countries and deficits with 163 through April. That compares with 52 surpluses and 160 deficits for the same period one year earlier. The top three surpluses through April of this year were with United Arab Emirates, $100.56 million; Kuwait, $49.26 million; and Lithuania, $17.83 million. The top three deficits through April of this year were with China, $9.71 billion; India, $4.22 billion; and Germany, $3.68 billion.
Through April its top exports were Plasma, vaccines, blood; Motor vehicles for transporting people; Scrap of precious metal; Medicines in individual dosages; and Gasoline, other fuels, in that order. Those accounted for 30.28 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Medicines in individual dosages; Gasoline, other fuels; Heterocyclic chemical compounds; and Oil, accounting for 22.5 percent of all inbound shipments.
Looking more closely at Port of Newark’s exports:
- Plasma, vaccines, blood rose 99.12 percent compared to last year to $655.54 million.
- Motor vehicles for transporting people rose 10.57 percent compared to last year to $541.49 million.
- Scrap of precious metal rose 2.13 percent compared to last year to $224.51 million.
- Medicines in individual dosages rose 6.95 percent compared to last year to $210.39 million.
- Gasoline, other fuels rose 9.62 percent compared to last year to $201.78 million.
On the import side:
- Motor vehicles for transporting people fell 4.09 percent compared to last year to $4.1 billion.
- Medicines in individual dosages fell 5.5 percent compared to last year to $3.13 billion.
- Gasoline, other fuels fell 5.87 percent compared to last year to $2.99 billion.
- Heterocyclic chemical compounds rose 3.24 percent compared to last year to $1.63 billion.
- Oil fell 4.75 percent compared to last year to $1.12 billion.
Last year Port of Newark posted total trade with the world of $195.25 billion. The Port’s deficit was $161.95 billion. At the end of the year, the port’s top five trade partners were China, Germany, India, Italy and France. Exports totaled $16.65 billion and imports came to $178.6 billion.