|2||Passenger vehicles||$635.9 M|
|3||Chemical wood pulp, not dissolving grade||$565.32 M|
|4||Misc. uncoated kraft paper, paperboard||$429.51 M|
|5||Civilian aircraft, parts||$426.39 M|
|6||Chicken and other poultry||$422.12 M|
|7||Medicines in individual dosages||$344.54 M|
|8||Returned exports, with change||$230.44 M|
|9||Motor vehicle parts||$219.29 M|
|10||Commercial vehicles||$216.85 M|
|1||Prepared foods, beverages||$1.79 B|
|2||Motor vehicle parts||$1.33 B|
|3||Medicines in individual dosages||$981.16 M|
|4||Self-propelled heavy construction machinery||$671.84 M|
|5||Furniture, parts||$625.17 M|
|6||Plastic floor and wall coverings||$542.03 M|
|7||Seats, excluding barber, dental||$497.52 M|
|8||Rubber tires||$453.71 M|
|9||Misc. raw materials for industrial manufacturing||$392.8 M|
Port of Savannah, Ga.’s trade decreases 9.31 percent through May
Port of Savannah, Ga.’s trade with the world fell 9.31 percent, from $45.52 billion to $41.28 billion through the first five 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 $1.48 trillion, with exports at $582.11 billion and imports at $898.44 billion. The nation’s total trade decreased 13.61 percent compared to the same period last year. Exports fell 15.09 percent and imports fell 12.63 percent.
Port of Savannah, Ga. ranked No. 10 for total trade among the nation’s roughly 450 airports, seaports and border crossings through May 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 May Port of Savannah, Ga.’s top trade partners were No. 1 China, No. 2 Japan, No. 3 South Korea, No. 4 Singapore and No. 5 India. Through the same period of the previous year, the top trade partners were held by China, Japan, South Korea, India and Germany, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 22.51 percent to $8.38 billion.
Exports rose 13.95 percent to $1.3 billion. Imports fell 26.82 percent to $7.08 billion.
- Trade with No. 2 Japan fell 5.18 percent to $2.87 billion.
Exports fell 0.41 percent to $373.88 million. Imports fell 5.85 percent to $2.49 billion.
- Trade with No. 3 South Korea rose 4.3 percent to $2.84 billion.
Exports rose 13.88 percent to $375.39 million. Imports rose 2.98 percent to $2.47 billion.
- Trade with No. 4 Singapore rose 19.65 percent to $2.27 billion.
Exports rose 35.83 percent to $196.73 million. Imports rose 18.31 percent to $2.07 billion.
- Trade with No. 5 India fell 6.2 percent to $2.23 billion.
Exports fell 31.8 percent to $331.25 million. Imports rose 0.35 percent to $1.9 billion.
Port of Savannah, Ga.’s top five trading partners through May accounted for 45.05 percent of its trade with the world.
Port of Savannah, Ga. had trade surpluses with 132 countries and deficits with 69 through May. That compares with 127 surpluses and 76 deficits for the same period one year earlier. The top three surpluses through May of this year were with Australia, $629.43 million; The Netherlands, $249.11 million; and Belgium, $223.6 million. The top three deficits through May of this year were with China, $5.78 billion; Japan, $2.12 billion; and South Korea, $2.09 billion.
Through May its top exports were Cotton; Passenger vehicles; Chemical wood pulp, not dissolving grade; Misc. uncoated kraft paper, paperboard; and Civilian aircraft, parts, in that order. Those accounted for 24.43 percent of its total outbound trade. The Port’s top imports were Prepared foods, beverages; Motor vehicle parts; Medicines in individual dosages; Self-propelled heavy construction machinery; and Furniture, parts, accounting for 18.29 percent of all inbound shipments.
Looking more closely at Port of Savannah, Ga.’s exports:
- Cotton fell 7.49 percent compared to last year to $825.66 million.
- Passenger vehicles fell 27.9 percent compared to last year to $635.9 million.
- Chemical wood pulp, not dissolving grade fell 7.83 percent compared to last year to $565.32 million.
- Misc. uncoated kraft paper, paperboard rose 13.83 percent compared to last year to $429.51 million.
- Civilian aircraft, parts fell 4.03 percent compared to last year to $426.39 million.
On the import side:
- Prepared foods, beverages rose 17.66 percent compared to last year to $1.79 billion.
- Motor vehicle parts fell 15.55 percent compared to last year to $1.33 billion.
- Medicines in individual dosages fell 10.88 percent compared to last year to $981.16 million.
- Self-propelled heavy construction machinery fell 27.23 percent compared to last year to $671.84 million.
- Furniture, parts fell 10.04 percent compared to last year to $625.17 million.
Last year Port of Savannah, Ga. posted total trade with the world of $108.14 billion. The Port’s deficit was $48.35 billion. Exports totaled $29.89 billion and imports came to $78.24 billion.