|1||Plasma, vaccines, blood||$854.98 M|
|2||Motor vehicles for transporting people||$827 M|
|3||Gasoline, other fuels||$403.65 M|
|4||Scrap of precious metal||$322.67 M|
|5||Scrap iron, steel||$292.14 M|
|6||Medicines in individual dosages||$290.68 M|
|7||Civilian aircraft, parts||$250.41 M|
|8||Make-up and skin-care products||$193.87 M|
|9||Motor vehicle parts||$154.31 M|
|10||Medical instruments for surgeons, dentists, vets||$115.76 M|
|1||Motor vehicles for transporting people||$6.22 B|
|2||Gasoline, other fuels||$5.02 B|
|3||Medicines in individual dosages||$4.74 B|
|4||Heterocyclic chemical compounds||$2.3 B|
|6||Rum, gin, vodka, other liquors||$1.42 B|
|7||Furniture, parts||$1.34 B|
|9||Motor vehicle parts||$1.1 B|
|10||Women's or girls' suits, not knit||$1.07 B|
Port of Newark’s trade increases 1.25 percent through June
Port of Newark’s trade with the world rose 1.25 percent, from $95.42 billion to $96.61 billion through the first six 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 $2.06 trillion, with exports at $823.61 billion and imports at $1.24 trillion. The nation’s total trade decreased 0.14 percent compared to the same period last year. Exports fell 0.75 percent and imports rose 0.28 percent.
Port of Newark ranked No. 4 for total trade among the nation’s roughly 450 airports, seaports and border crossings through June 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 June Port of Newark’s top trade partners were No. 1 China, No. 2 India, No. 3 Germany, No. 4 Italy and No. 5 France. 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 6.58 percent to $15.75 billion.
Exports fell 7.89 percent to $385.9 million. Imports fell 6.55 percent to $15.37 billion.
- Trade with No. 2 India rose 8.2 percent to $6.91 billion.
Exports rose 23.58 percent to $352.83 million. Imports rose 7.48 percent to $6.56 billion.
- Trade with No. 3 Germany fell 2.99 percent to $6.82 billion.
Exports rose 25.23 percent to $651.96 million. Imports fell 5.24 percent to $6.17 billion.
- Trade with No. 4 Italy fell 2.74 percent to $6.2 billion.
Exports rose 16.75 percent to $339.29 million. Imports fell 3.67 percent to $5.87 billion.
- Trade with No. 5 France rose 0.9 percent to $4.79 billion.
Exports fell 8.15 percent to $375.7 million. Imports rose 1.75 percent to $4.42 billion.
Port of Newark’s top five trading partners through June accounted for 41.9 percent of its trade with the world.
Port of Newark had trade surpluses with 54 countries and deficits with 166 through June. That compares with 49 surpluses and 167 deficits for the same period one year earlier. The top three surpluses through June of this year were with United Arab Emirates, $114.36 million; Kuwait, $77.62 million; and Georgia, $26.73 million. The top three deficits through June of this year were with China, $14.98 billion; India, $6.21 billion; and Italy, $5.53 billion.
Through June its top exports were Plasma, vaccines, blood; Motor vehicles for transporting people; Gasoline, other fuels; Scrap of precious metal; and Scrap iron, steel, in that order. Those accounted for 30.08 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 22.83 percent of all inbound shipments.
Looking more closely at Port of Newark’s exports:
- Plasma, vaccines, blood rose 67.96 percent compared to last year to $854.98 million.
- Motor vehicles for transporting people rose 11.16 percent compared to last year to $827 million.
- Gasoline, other fuels rose 30.07 percent compared to last year to $403.65 million.
- Scrap of precious metal fell 14.99 percent compared to last year to $322.67 million.
- Scrap iron, steel fell 12.85 percent compared to last year to $292.14 million.
On the import side:
- Motor vehicles for transporting people fell 0.05 percent compared to last year to $6.22 billion.
- Gasoline, other fuels rose 2 percent compared to last year to $5.02 billion.
- Medicines in individual dosages rose 8.34 percent compared to last year to $4.74 billion.
- Heterocyclic chemical compounds fell 7.6 percent compared to last year to $2.3 billion.
- Oil fell 18.29 percent compared to last year to $1.73 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.