Posted by Kevin Palmstein on Thursday, July 30, 2009
From time to time, we will give breakdowns of specific U.S. Customs Districts, countries, and commodities to provide insight into how the economy is affecting a single part of the trade puzzle. For this entry, we are focusing on the ports of New York City and New Jersey. This port region is one of the busiest trade regions in the United States and is important to the entire U.S. economy.
Here are the key trade statistics for year to date 2009 updated through May.
Top Trading Partners by Value
Imports
| Country |
YTD 2009 $ |
Change from
Jan-May 2008 |
| China |
$11,305,012,679 |
-8.3% |
| Germany |
$4,562,442,698 |
-34.9% |
Israel
|
$4,332,251,379 |
-31.7% |
| Italy |
$3,854,634,743 |
-31.1% |
| United Kingdom |
$3,531,814,389 |
-39.6% |
Exports
| Country |
YTD 2009 $ |
Change from
Jan-May 2008 |
| United Kingdom |
$4,591,019,256 |
-27.6% |
| Germany |
$2,922,505,854 |
-23.6% |
Switzerland
|
$2,834,638,780 |
-50.7% |
| France |
$2,452,282,127 |
-5.8% |
| Israel |
$2,385,379,538 |
-42.9% |
Top Products by Value
Imports
| HTS Code |
YTD 2009 $ |
| 7102.39 - Diamonds - Nonindustrial |
$3,672,168,922 |
| 3004.90 - Medicaments - In Measured Doses |
$3,281,315,233 |
2710.11 - Petroleum Oils
Oils from Bituminous Minerals Light Oils (70% or More) |
$2,798,677,326 |
2710.19 - Petroleum Oils
Oils from Bituminous Minerals (70% or More) |
$1,619,714,302 |
| 8703.23 - Passenger Motor Vehicles |
$1,525,374,624 |
2709.00 - Petroleum Oils
Oils from Bituminous Minerals, Crude |
$1,356,197,818 |
| 9701.10 - Paintings, Drawings and Pastels |
$922,342,433 |
| 8703.24 - Passenger Motor Vehicles Over 3,000 CC |
$894,491,859 |
| 8411.91 - Parts of Turbojets or Turbopropellers |
$877,882,970 |
7113.19 - Jewelry and Parts of
Precious Metal other than Silver |
$836,727,845 |
Exports*
| HTS Code |
YTD 2009 $ |
| 7102.39 - Diamonds - Nonindustrial |
$2,926,339,656 |
| 9701.10 - Paintings, Drawings and Pastels |
$1,848,245,159 |
7113.19 - Jewelry and Parts of
Precious Metal other than Silver |
$1,306,201,156 |
| 3004.90 - Medicaments - In Measured Doses |
$980,658,598 |
| 8803.30 - Parts of Airplanes or Helicopters |
$670,443,914 |
8703.23 - Passenger Motor Vehicles
between 1,500 and 3,000 CC |
$521,273,120 |
| 3002.20 - Vaccines for Human Medicine |
$420,804,915 |
2710.19 - Petroleum Oils
Oils from Bituminous Minerals (70% or More) |
$388,734,406 |
8542.31 - Processors and Controllers
Electronic Integrated Circuits |
$384,565,025 |
*Excludes HTS group 8800.00 for Exports, see http://www.census.gov/foreign-trade/statistics/notices/aircraft/index.html for details
Data for this report was taken from U.S. Census Bureau merchandise trade data. For more information about how Zepol analyzes trade using our trade data tools, please visit www.zepol.com.
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