|1||Plasma, vaccines, blood||$1.49 B|
|2||Motor vehicles for transporting people||$1.26 B|
|3||Scrap of precious metal||$557.94 M|
|4||Gasoline, other fuels||$477.04 M|
|5||Medicines in individual dosages||$469 M|
|6||Scrap iron, steel||$462.42 M|
|7||Civilian aircraft, parts||$430.43 M|
|8||Make-up and skin-care products||$308.01 M|
|9||Motor vehicle parts||$245.47 M|
|10||Defense-related aircraft, parts||$219.39 M|
|1||Motor vehicles for transporting people||$10.11 B|
|2||Gasoline, other fuels||$8.91 B|
|3||Medicines in individual dosages||$8.21 B|
|4||Heterocyclic chemical compounds||$4.55 B|
|6||Rum, gin, vodka, other liquors||$2.71 B|
|7||Furniture, parts||$2.24 B|
|9||Motor vehicle parts||$1.87 B|
|10||Sweaters, pullovers, vests, knit or crocheted||$1.84 B|
Port of Newark’s trade increases 0.93 percent through October
Port of Newark’s trade with the world rose 0.93 percent, from $163.16 billion to $164.68 billion through the first 10 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 $3.47 trillion, with exports at $1.37 trillion and imports at $2.09 trillion. The nation’s total trade decreased 1.15 percent compared to the same period last year. Exports fell 1.23 percent and imports fell 1.1 percent.
Port of Newark ranked No. 4 for total trade among the nation’s roughly 450 airports, seaports and border crossings through October 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; Chicago O’Hare International Airport; Port of Newark and John F. Kennedy International Airport.
Through October 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, India, Italy and France, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 9.65 percent to $26.98 billion.
Exports fell 6.93 percent to $648.66 million. Imports fell 9.72 percent to $26.34 billion.
- Trade with No. 2 India rose 2.96 percent to $11.37 billion.
Exports fell 14 percent to $501.34 million. Imports rose 3.9 percent to $10.87 billion.
- Trade with No. 3 Germany fell 2.74 percent to $11.36 billion.
Exports rose 38.93 percent to $1.11 billion. Imports fell 5.8 percent to $10.25 billion.
- Trade with No. 4 Italy fell 2.08 percent to $10.45 billion.
Exports rose 48.77 percent to $536 million. Imports fell 3.85 percent to $9.91 billion.
- Trade with No. 5 Switzerland rose 27.46 percent to $8.41 billion.
Exports fell 7.11 percent to $216.16 million. Imports rose 28.73 percent to $8.2 billion.
Port of Newark’s top five trading partners through October accounted for 41.64 percent of its trade with the world.
Port of Newark had trade surpluses with 57 countries and deficits with 166 through October. That compares with 52 surpluses and 168 deficits for the same period one year earlier. The top three surpluses through October of this year were with Kuwait, $174.66 million; United Arab Emirates, $89.34 million; and Saudi Arabia, $67.86 million. The top three deficits through October of this year were with China, $25.69 billion; India, $10.36 billion; and Italy, $9.37 billion.
Through October its top exports were Plasma, vaccines, blood; Motor vehicles for transporting people; Scrap of precious metal; Gasoline, other fuels; and Medicines in individual dosages, in that order. Those accounted for 29.7 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Gasoline, other fuels; Medicines in individual dosages; Heterocyclic chemical compounds; and Oil, accounting for 23.12 percent of all inbound shipments.
Looking more closely at Port of Newark’s exports:
- Plasma, vaccines, blood rose 51.81 percent compared to last year to $1.49 billion.
- Motor vehicles for transporting people rose 12.97 percent compared to last year to $1.26 billion.
- Scrap of precious metal fell 3.31 percent compared to last year to $557.94 million.
- Gasoline, other fuels rose 17.46 percent compared to last year to $477.04 million.
- Medicines in individual dosages rose 18.87 percent compared to last year to $469 million.
On the import side:
- Motor vehicles for transporting people fell 0.55 percent compared to last year to $10.11 billion.
- Gasoline, other fuels rose 5.4 percent compared to last year to $8.91 billion.
- Medicines in individual dosages rose 15.68 percent compared to last year to $8.21 billion.
- Heterocyclic chemical compounds rose 24.1 percent compared to last year to $4.55 billion.
- Oil fell 19.35 percent compared to last year to $2.98 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.