|1||Plasma, vaccines, blood||$1.76 B|
|2||Passenger vehicles||$1.53 B|
|3||Scrap of precious metal||$677.55 M|
|4||Medicines in individual dosages||$601.58 M|
|5||Scrap iron, steel||$540.09 M|
|6||Gasoline, other fuels||$531.22 M|
|7||Civilian aircraft, parts||$504.53 M|
|8||Make-up and skin-care products||$360.72 M|
|9||Motor vehicle parts||$296.29 M|
|10||Defense-related aircraft, parts||$251.38 M|
|1||Passenger vehicles||$12.23 B|
|2||Gasoline, other fuels||$10.39 B|
|3||Medicines in individual dosages||$9.98 B|
|4||Heterocyclic chemical compounds||$5.38 B|
|6||Rum, gin, vodka, other liquors||$3.1 B|
|7||Furniture, parts||$2.68 B|
|9||Motor vehicle parts||$2.23 B|
|10||Sweaters, pullovers, vests, knit or crocheted||$2.14 B|
Port of Newark’s trade increases 0.16 percent in 2019.
Port of Newark’s trade with the world rose 0.16 percent, from $195.25 billion to $195.57 billion in 2019 when compared to 2018, according to WorldCity analysis of the latest U.S. Census Bureau data.
In 2019, the nation’s total trade was $4.14 trillion, with exports at $1.65 trillion and imports at $2.49 trillion. The nation’s total trade decreased 1.46 percent compared to 2018. Exports fell 1.13 percent and imports fell 1.67 percent.
Port of Newark ranked No. 4 for total trade among the nation’s roughly 450 airports, seaports and border crossings in 2019.
The nation’s top five “ports” — airports, seaports and border crossings — in 2019, by value, were Port of Los Angeles; Port Laredo; Chicago O’Hare International Airport; Port of Newark and John F. Kennedy International Airport.
In 2019 Port of Newark’s top trade partners were No. 1 China, No. 2 Germany, No. 3 India, No. 4 Italy and No. 5 Switzerland. In 2018, 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 12.29 percent to $31.43 billion.
Exports fell 5.47 percent to $800.41 million. Imports fell 12.46 percent to $30.63 billion.
- Trade with No. 2 Germany fell 2.37 percent to $13.57 billion.
Exports rose 32.73 percent to $1.3 billion. Imports fell 5.03 percent to $12.27 billion.
- Trade with No. 3 India rose 2.78 percent to $13.51 billion.
Exports fell 22.79 percent to $586.04 million. Imports rose 4.34 percent to $12.92 billion.
- Trade with No. 4 Italy fell 2.9 percent to $12.65 billion.
Exports rose 74.22 percent to $806.82 million. Imports fell 5.74 percent to $11.84 billion.
- Trade with No. 5 Switzerland rose 26.84 percent to $10.11 billion.
Exports fell 7.78 percent to $263.11 million. Imports rose 28.13 percent to $9.84 billion.
Port of Newark’s top five trading partners in 2019 accounted for 41.56 percent of its trade with the world.
Port of Newark had trade surpluses with 56 countries and deficits with 168 in 2019. That compares with 53 surpluses and 169 deficits for 2018. The top three surpluses were with Kuwait, $181.59 million; United Arab Emirates, $117.93 million; and Saudi Arabia, $115.23 million. The top three deficits were with China, $29.83 billion; India, $12.34 billion; and Italy, $11.04 billion.
In 2019 its top exports were Plasma, vaccines, blood; Motor vehicles for transporting people; Scrap of precious metal; Medicines in individual dosages; and Scrap iron, steel, in that order. Those accounted for 29.87 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 23.34 percent of all inbound shipments.
Looking more closely at Port of Newark’s exports:
- Plasma, vaccines, blood rose 49.39 percent compared to last year to $1.76 billion.
- Motor vehicles for transporting people rose 6.73 percent compared to last year to $1.53 billion.
- Scrap of precious metal rose 1.17 percent compared to last year to $677.55 million.
- Medicines in individual dosages rose 31.27 percent compared to last year to $601.58 million.
- Scrap iron, steel fell 20.52 percent compared to last year to $540.09 million.
On the import side:
- Motor vehicles for transporting people fell 0.73 percent compared to last year to $12.23 billion.
- Gasoline, other fuels rose 8.69 percent compared to last year to $10.39 billion.
- Medicines in individual dosages rose 17.96 percent compared to last year to $9.98 billion.
- Heterocyclic chemical compounds rose 19.95 percent compared to last year to $5.38 billion.
- Oil fell 18.97 percent compared to last year to $3.66 billion.
In 2018 Port of Newark posted total trade with the world of $195.25 billion. The Port’s deficit was $161.95 billion. Exports totaled $16.65 billion and imports came to $178.6 billion.