|2||Passenger vehicles||$825.8 M|
|3||Chemical wood pulp, not dissolving grade||$788.58 M|
|4||Civilian aircraft, parts||$785.44 M|
|5||Misc. uncoated kraft paper, paperboard||$598.6 M|
|6||Chicken and other poultry||$584.01 M|
|7||Medicines in individual dosages||$455.37 M|
|8||Commercial vehicles||$318.15 M|
|9||Returned exports, with change||$309.04 M|
|10||Motor vehicle parts||$308.84 M|
|1||Prepared foods, beverages||$2.17 B|
|2||Motor vehicle parts||$1.65 B|
|3||Medicines in individual dosages||$1.39 B|
|4||Self-propelled heavy construction machinery||$898.73 M|
|5||Furniture, parts||$898.15 M|
|6||Plastic floor and wall coverings||$837.24 M|
|7||Seats, excluding barber, dental||$678.49 M|
|8||Rubber tires||$566.79 M|
|9||Misc. raw materials for industrial manufacturing||$488.51 M|
|10||Compressors and pumps||$458.45 M|
Port of Savannah, Ga.’s trade decreases 10.42 percent through July
Port of Savannah, Ga.’s trade with the world fell 10.42 percent, from $63.58 billion to $56.96 billion through the first seven 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 $2.08 trillion, with exports at $799.82 billion and imports at $1.28 trillion. The nation’s total trade decreased 13.79 percent compared to the same period last year. Exports fell 16.38 percent and imports fell 12.08 percent.
Port of Savannah, Ga. ranked No. 10 for total trade among the nation’s roughly 450 airports, seaports and border crossings through July of 2020. During the same period of 2019 it ranked No. 10. It finished No. 10 in the last full year.
The nation’s top five “ports” — airports, seaports and border crossings — so far this year, by value, are Port of Los Angeles; Chicago O’Hare International Airport; John F. Kennedy International Airport; Port Laredo and Port of Newark.
Through July 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 30.65 percent to $10.49 billion.
Exports rose 0.97 percent to $1.62 billion. Imports fell 34.41 percent to $8.87 billion.
- Trade with No. 2 Japan fell 23.09 percent to $3.22 billion.
Exports fell 14.31 percent to $443.36 million. Imports fell 24.32 percent to $2.77 billion.
- Trade with No. 3 South Korea fell 16.34 percent to $3.2 billion.
Exports fell 1.24 percent to $452.57 million. Imports fell 18.4 percent to $2.74 billion.
- Trade with No. 4 Singapore fell 6.29 percent to $2.59 billion.
Exports fell 9.24 percent to $225.04 million. Imports fell 6 percent to $2.36 billion.
- Trade with No. 5 India fell 22.57 percent to $2.53 billion.
Exports fell 43.35 percent to $382.08 million. Imports fell 17.16 percent to $2.15 billion.
Port of Savannah, Ga.’s top five trading partners through July accounted for 44.99 percent of its trade with the world.
Port of Savannah, Ga. had trade surpluses with 131 countries and deficits with 72 through July. That compares with 131 surpluses and 79 deficits for the same period one year earlier. The top three surpluses through July of this year were with Australia, $779.35 million; The Netherlands, $280.4 million; and Hong Kong, $263.99 million. The top three deficits through July of this year were with China, $7.24 billion; Japan, $2.33 billion; and South Korea, $2.29 billion.
Through July its top exports were Cotton; Passenger vehicles; Chemical wood pulp, not dissolving grade; Civilian aircraft, parts; and Misc. uncoated kraft paper, paperboard, in that order. Those accounted for 25.66 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 17.21 percent of all inbound shipments.
Looking more closely at Port of Savannah, Ga.’s exports:
- Cotton fell 2.61 percent compared to last year to $1.17 billion.
- Passenger vehicles fell 37.33 percent compared to last year to $825.8 million.
- Chemical wood pulp, not dissolving grade fell 8.83 percent compared to last year to $788.58 million.
- Civilian aircraft, parts rose 36.38 percent compared to last year to $785.44 million.
- Misc. uncoated kraft paper, paperboard rose 14.8 percent compared to last year to $598.6 million.
On the import side:
- Prepared foods, beverages rose 0.35 percent compared to last year to $2.17 billion.
- Motor vehicle parts fell 22.87 percent compared to last year to $1.65 billion.
- Medicines in individual dosages fell 7.16 percent compared to last year to $1.39 billion.
- Self-propelled heavy construction machinery fell 27.69 percent compared to last year to $898.73 million.
- Furniture, parts fell 8.19 percent compared to last year to $898.15 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.