|1||Pork meat, fresh, frozen or chilled||$55.33 M|
|2||Motor vehicle parts||$38.94 M|
|3||Defense-related aircraft, parts||$29.89 M|
|4||Misc. articles of stone, mineral substance||$27.77 M|
|5||Chemical wood pulp, not dissolving grade||$26.85 M|
|6||Cotton yarn||$23.44 M|
|7||Synthetic yarn, not retail||$21.5 M|
|8||Fuel wood in logs, chips||$18.4 M|
|9||Chicken and other poultry||$15.16 M|
|10||Optical fibers||$14.74 M|
|1||Photo-sensitive semi-conductors, parts||$72.45 M|
|2||Sweaters, pullovers, vests, knit or crocheted||$66.28 M|
|3||T-shirts, tank tops, knit or crocheted||$34.67 M|
|4||Heterocyclic chemical compounds||$28.05 M|
|5||Furniture, parts||$22.17 M|
|6||Nitrogenous fertilizers||$20.77 M|
|7||Compressors and pumps||$19.34 M|
|8||Seats, excluding barber, dental||$16.65 M|
|9||Motor vehicle parts||$16.22 M|
|10||Plastic shoes||$15.05 M|
Port of Wilmington, N.C.’s trade decreases 16.1 percent through February
Port of Wilmington, N.C.’s trade with the world fell 16.1 percent, from $1.7 billion to $1.43 billion through the first two 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 $635.89 billion, with exports at $261.18 billion and imports at $374.71 billion. The nation’s total trade decreased 2.25 percent compared to the same period last year. Exports rose 0.43 percent and imports fell 4.04 percent.
Port of Wilmington, N.C. ranked No. 76 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February 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 February Port of Wilmington, N.C.’s top trade partners were No. 1 China, No. 2 United Kingdom, No. 3 Germany, No. 4 Honduras and No. 5 Belgium. Through the same period of the previous year, the top trade partners were held by Saudi Arabia, China, United Kingdom, Germany and Honduras, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 26.41 percent to $271.43 million.
Exports rose 84.96 percent to $79.63 million. Imports rose 11.72 percent to $191.8 million.
- Trade with No. 2 United Kingdom fell 14.74 percent to $177.95 million.
Exports fell 21.28 percent to $105.71 million. Imports fell 2.94 percent to $72.24 million.
- Trade with No. 3 Germany rose 25.79 percent to $148.59 million.
Exports fell 14.11 percent to $32.2 million. Imports rose 44.34 percent to $116.39 million.
- Trade with No. 4 Honduras rose 6.39 percent to $109.51 million.
Exports fell 5.67 percent to $54.93 million. Imports rose 22.1 percent to $54.58 million.
- Trade with No. 5 Belgium fell 8.86 percent to $83.86 million.
Exports fell 9 percent to $56.61 million. Imports fell 8.58 percent to $27.25 million.
Port of Wilmington, N.C.’s top five trading partners through February accounted for 55.52 percent of its trade with the world.
Port of Wilmington, N.C. had trade surpluses with 31 countries and deficits with 55 through February. That compares with 36 surpluses and 56 deficits for the same period one year earlier. The top three surpluses through February of this year were with Saudi Arabia, $46.87 million; The Netherlands, $45.55 million; and United Kingdom, $33.47 million. The top three deficits through February of this year were with China, $112.17 million; Germany, $84.19 million; and Nicaragua, $49.82 million.
Through February its top exports were Pork meat, fresh, frozen or chilled; Motor vehicle parts; Defense-related aircraft, parts; Misc. articles of stone, mineral substance; and Chemical wood pulp, not dissolving grade, in that order. Those accounted for 31.53 percent of its total outbound trade. The Port’s top imports were Photo-sensitive semi-conductors, parts; Sweaters, pullovers, vests, knit or crocheted; T-shirts, tank tops, knit or crocheted; Heterocyclic chemical compounds; and Furniture, parts, accounting for 26.06 percent of all inbound shipments.
Looking more closely at Port of Wilmington, N.C.’s exports:
- Pork meat, fresh, frozen or chilled rose 128.69 percent compared to last year to $55.33 million.
- Motor vehicle parts fell 37.79 percent compared to last year to $38.94 million.
- Defense-related aircraft, parts fell 69.25 percent compared to last year to $29.89 million.
- Misc. articles of stone, mineral substance rose 745.54 percent compared to last year to $27.77 million.
- Chemical wood pulp, not dissolving grade rose 1.37 percent compared to last year to $26.85 million.
On the import side:
- Photo-sensitive semi-conductors, parts totaled $72.45 million. The previous year, there were no imports in this category.
- Sweaters, pullovers, vests, knit or crocheted rose 40.62 percent compared to last year to $66.28 million.
- T-shirts, tank tops, knit or crocheted rose 63.61 percent compared to last year to $34.67 million.
- Heterocyclic chemical compounds rose 95651 percent compared to last year to $28.05 million.
- Furniture, parts rose 61.83 percent compared to last year to $22.17 million.
Last year Port of Wilmington, N.C. posted total trade with the world of $10.86 billion. The Port’s surplus was $1.03 billion. Exports totaled $5.94 billion and imports came to $4.91 billion.