|1||Bombs, grenades, cartridges, parts||$927.35 M|
|2||Defense-related aircraft, parts||$312.13 M|
|3||Motor vehicle parts||$205 M|
|4||Civilian aircraft, parts||$125.74 M|
|5||Cotton yarn||$106.25 M|
|6||Pork meat, fresh, frozen or chilled||$99.4 M|
|7||Chemical wood pulp, not dissolving grade||$94.1 M|
|8||Synthetic yarn, not retail||$83.57 M|
|9||Exports military apparel, military equipment||$73.45 M|
|10||Chicken and other poultry||$57.98 M|
|1||Sweaters, pullovers, vests, knit or crocheted||$231.28 M|
|2||T-shirts, tank tops, knit or crocheted||$103.02 M|
|3||Motor vehicle parts||$98.09 M|
|4||Nitrogenous fertilizers||$83.72 M|
|5||Self-propelled heavy construction machinery||$75.11 M|
|6||Acyclic alcohols||$73.4 M|
|7||Compressors and pumps||$56.76 M|
|8||Internal combustion engines||$54.91 M|
|9||Furniture, parts||$53.68 M|
|10||TVs, computer monitors||$50.89 M|
Port of Wilmington, N.C.’s trade increases 6.68 percent through July
Port of Wilmington, N.C.’s trade with the world rose 6.68 percent, from $5.79 billion to $6.18 billion through the first seven 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 $2.41 trillion, with exports at $956.44 billion and imports at $1.45 trillion. The nation’s total trade decreased 0.06 percent compared to the same period last year. Exports fell 0.71 percent and imports rose 0.38 percent.
Port of Wilmington, N.C. ranked No. 70 for total trade among the nation’s roughly 450 airports, seaports and border crossings through July 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 July Port of Wilmington, N.C.’s top trade partners were No. 1 Saudi Arabia, No. 2 China, No. 3 United Kingdom, No. 4 Germany and No. 5 Honduras. Through the same period of the previous year, the top trade partners were held by Saudi Arabia, China, United Kingdom, Germany and Belgium, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Saudi Arabia rose 13.21 percent to $1.3 billion.
Exports rose 28.52 percent to $1.27 billion. Imports fell 82.98 percent to $26.86 million.
- Trade with No. 2 China fell 17.97 percent to $826.22 million.
Exports fell 31.7 percent to $170.77 million. Imports fell 13.44 percent to $655.45 million.
- Trade with No. 3 United Kingdom fell 8.55 percent to $792.07 million.
Exports fell 27.82 percent to $434.68 million. Imports rose 35.44 percent to $357.39 million.
- Trade with No. 4 Germany fell 1.97 percent to $498.55 million.
Exports fell 23.08 percent to $115.54 million. Imports rose 6.87 percent to $383.01 million.
- Trade with No. 5 Honduras rose 58.54 percent to $446.21 million.
Exports rose 56.79 percent to $222.77 million. Imports rose 60.32 percent to $223.44 million.
Port of Wilmington, N.C.’s top five trading partners through July accounted for 62.55 percent of its trade with the world.
Port of Wilmington, N.C. had trade surpluses with 46 countries and deficits with 60 through July. That compares with 43 surpluses and 56 deficits for the same period one year earlier. The top three surpluses through July of this year were with Saudi Arabia, $1.25 billion; United Arab Emirates, $124.55 million; and Turkey, $111.36 million. The top three deficits through July of this year were with China, $484.68 million; Germany, $267.46 million; and Nicaragua, $104.31 million.
Through July its top exports were Bombs, grenades, cartridges, parts; Defense-related aircraft, parts; Motor vehicle parts; Civilian aircraft, parts; and Cotton yarn, in that order. Those accounted for 49.9 percent of its total outbound trade. The Port’s top imports were Sweaters, pullovers, vests, knit or crocheted; T-shirts, tank tops, knit or crocheted; Motor vehicle parts; Nitrogenous fertilizers; and Self-propelled heavy construction machinery, accounting for 20.97 percent of all inbound shipments.
Looking more closely at Port of Wilmington, N.C.’s exports:
- Bombs, grenades, cartridges, parts rose 11.39 percent compared to last year to $927.35 million.
- Defense-related aircraft, parts rose 31.05 percent compared to last year to $312.13 million.
- Motor vehicle parts rose 13.65 percent compared to last year to $205 million.
- Civilian aircraft, parts rose 552.07 percent compared to last year to $125.74 million.
- Cotton yarn rose 24.58 percent compared to last year to $106.25 million.
On the import side:
- Sweaters, pullovers, vests, knit or crocheted rose 96.06 percent compared to last year to $231.28 million.
- T-shirts, tank tops, knit or crocheted rose 166.28 percent compared to last year to $103.02 million.
- Motor vehicle parts rose 5.22 percent compared to last year to $98.09 million.
- Nitrogenous fertilizers rose 18.97 percent compared to last year to $83.72 million.
- Self-propelled heavy construction machinery rose 12.67 percent compared to last year to $75.11 million.
Last year Port of Wilmington, N.C. posted total trade with the world of $9.88 billion. The Port’s surplus was $836.84 million. At the end of the year, the port’s top five trade partners were Saudi Arabia, China, United Kingdom, Germany and Belgium. Exports totaled $5.36 billion and imports came to $4.52 billion.