Statistics
Six-month report: Trade is up but volatility abounds
September 8th, 2006
Georgia’s trade with the world increased 13 percent through the first six months of the year, but underneath that solid growth is a surprising amount of volatility, according to the latest U.S. Census data.
What hasn’t changed is that Georgia, led by the seaports in Savannah and Brunswick and Atlanta’s Hartsfield-Jackson International Airport, is the No. 11 ranked Customs district in the nation.
| Rank | Total Trade | June 2006 YTD | June 2005 YTD | Dollar Change | Percent Change |
|---|---|---|---|---|---|
| World Total | $39,142,119,106 | $34,625,093,872 | $4,517,025,234 | 13.05% | |
| 1 | China | $6,803,627,551 | $5,359,246,829 | $1,444,380,722 | 26.95% |
| 2 | Japan | $4,141,165,455 | $4,033,100,298 | $108,065,157 | 2.68% |
| 3 | Germany | $3,574,449,092 | $3,051,131,661 | $523,317,431 | 17.15% |
| 4 | South Korea | $2,299,430,743 | $2,133,323,494 | $166,107,249 | 7.79% |
| 5 | United Kingdom | $2,063,178,341 | $1,914,111,727 | $149,066,614 | 7.79% |
| 6 | Ireland | $1,282,073,691 | $1,215,653,179 | $66,420,512 | 5.46% |
| 7 | Australia | $1,220,232,988 | $1,070,125,114 | $150,107,874 | 14.03% |
| 8 | Italy | $1,197,148,461 | $1,125,686,933 | $71,461,528 | 6.35% |
| 9 | Taiwan | $1,172,720,180 | $985,391,511 | $187,328,669 | 19.01% |
| 10 | Malaysia | $1,125,172,065 | $1,610,145,409 | $(484,973,344) | -30.12% |
| 11 | France | $932,213,526 | $802,787,782 | $129,425,744 | 16.12% |
| 12 | Netherlands | $902,273,220 | $1,316,545,041 | $(414,271,821) | -31.47% |
| 13 | Singapore | $777,645,502 | $634,738,638 | $142,906,864 | 22.51% |
| 14 | Belgium | $679,602,623 | $712,498,979 | $(32,896,356) | -4.62% |
| 15 | Thailand | $672,318,664 | $618,953,894 | $53,364,770 | 8.62% |
| 16 | Indonesia | $601,928,980 | $480,021,515 | $121,907,465 | 25.40% |
| 17 | Sweden | $562,140,704 | $655,668,888 | $(93,528,184) | -14.26% |
| 18 | Spain | $547,049,998 | $465,247,571 | $81,802,427 | 17.58% |
| 19 | Brazil | $530,629,987 | $388,126,950 | $142,503,037 | 36.72% |
| 20 | Trinidad and Tobago | $519,580,766 | $481,343,325 | $38,237,441 | 7.94% |
| 21 | Hong Kong | $426,705,069 | $430,829,551 | $(4,124,482) | -0.96% |
| 22 | Turkey | $414,271,412 | $199,694,156 | $214,577,256 | 107.45% |
| 23 | India | $405,970,211 | $314,563,644 | $91,406,567 | 29.06% |
| 24 | Switzerland | $397,405,475 | $255,079,845 | $142,325,630 | 55.80% |
| 25 | Mexico | $372,335,289 | $180,270,432 | $192,064,857 | 106.54% |
Some highlights from WorldCity’s analysis of the Census data for the first six months of 2006:
—Trade with manufacturing giant Malaysia is off 30 percent through the first six months while trade with the Netherlands, the European shipping hub, is off 31 percent. Malaysia dropped from its perch as Georgia’s No. 6 ranked trade partner to No. 10 while the Netherlands slipped five slots to No. 12.
—On the other side, Georgia’s trade with three nations has more than doubled in the first six months of the year: Turkey (107 percent), Mexico (107 percent) and Russia (185 percent).
—When looking at Georgia’s exports to the world, a 62 percent decline in telephone equipment has led to its drop from the top export to No. 7. The new No. 1 through the first half of the year, up from No. 2 in 2005 and No. 6 just three years before, is regional jet parts, up 46 percent.
—Among the top 11 exports, all are up or down more than 20 percent.
—Exports of cotton, motor vehicles for transporting people and motor vehicles for transporting goods all showed big gains through June.
—All told, exports grew $1.6 billion through the first six months while imports jumped $2.9 billion, widening the state’s trade deficit to $11.9 billion on total trade of $39 billion.
—Among imports, computers, refined petroleum and regional jet parts experienced the most rapid growth, while telephone equipment declined almost 50 percent.
| Rank | Jan.-June 2006 | Jan.-June 2005 | Dollar Change | Percent Change | |
|---|---|---|---|---|---|
| Total, All Exports | $13,621,777,301 | $12,064,063,653 | $1,557,713,648 | 12.91% | |
| 1 | Regional jet parts | $988,435,907 | $676,871,202 | $311,564,705 | 46.03% |
| 2 | Motor vehicles for transporting people | $596,749,255 | $396,716,072 | $200,033,183 | 50.42% |
| 3 | Aircraft parts | $510,114,320 | $380,970,891 | $129,143,429 | 33.90% |
| 4 | Cotton, not carded or combed | $466,905,377 | $295,078,908 | $171,826,469 | 58.23% |
| 5 | Chemical woodpulp | $460,697,104 | $365,414,155 | $95,282,949 | 26.08% |
| 6 | Motor vehicles for transporting goods | $425,684,634 | $265,558,158 | $160,126,476 | 60.30% |
| 7 | Electric equipment for line telephony | $389,299,633 | $1,030,591,538 | $(641,291,905) | -62.23% |
| 8 | Medical instruments for surgeons, dentists, vets | $388,875,100 | $305,671,794 | $83,203,306 | 27.22% |
| 9 | Aircraft | $362,096,415 | $432,107,264 | $(70,010,849) | -16.20% |
| 10 | Computers | $353,808,264 | $286,440,493 | $67,367,771 | 23.52% |
| 11 | Optical fibers | $309,494,198 | $391,940,868 | $(82,446,670) | -21.04% |
| 12 | Kaolin clays | $242,304,310 | $233,636,043 | $8,668,267 | 3.71% |
| 13 | Computer parts | $216,413,553 | $212,221,577 | $4,191,976 | 1.98% |
| 14 | Polyethers, expoxides and polyesters, primary forms | $195,725,972 | $200,179,396 | $(4,453,424) | -2.22% |
| 15 | Electric capacitors | $188,827,391 | $134,212,674 | $54,614,717 | 40.69% |
| 16 | Motor vehicle parts | $159,775,444 | $143,086,872 | $16,688,572 | 11.66% |
| 17 | Unocated kraft paper, paperboard | $158,255,675 | $143,909,568 | $14,346,107 | 9.97% |
| 18 | Poultry, fresh, chilled or frozen | $156,188,183 | $138,967,649 | $17,220,534 | 12.39% |
| 19 | Medicine | $145,827,137 | $86,208,550 | $59,618,587 | 69.16% |
| 20 | Certain heterocyclic compounds | $133,769,276 | $150,829,950 | $(17,060,674) | -11.31% |
| 21 | Yachts and other boats | $132,252,034 | $173,881,583 | $(41,629,549) | -23.94% |
| 22 | Electronic integrated circuits | $119,112,081 | $83,691,132 | $35,420,949 | 42.32% |
| 23 | Human blood, animal blood, plasma, vaccines | $118,464,023 | $72,072,789 | $46,391,234 | 64.37% |
| 24 | Harvest machines for egg cleaning, parts | $117,063,225 | $95,106,312 | $21,956,913 | 23.09% |
| 25 | Heterocyclic chemical compounds | $110,590,218 | $132,662,094 | $(22,071,876) | -16.64% |
| Rank | Jan.-June 2006 | Jan.-June 2005 | Dollar Change | Percent Change | |
|---|---|---|---|---|---|
| Total, All Imports | $25,520,341,805 | $22,561,030,219 | $2,959,311,586 | 13.12% | |
| 1 | Motor vehicles for transporting people | $2,496,098,574 | $2,293,266,774 | $202,831,800 | 8.84% |
| 2 | Medicine | $1,065,295,388 | $1,037,570,749 | $27,724,639 | 2.67% |
| 3 | Computers | $861,220,411 | $587,745,922 | $273,474,489 | 46.53% |
| 4 | Self-propelled heavy construction machinery | $792,788,092 | $634,975,033 | $157,813,059 | 24.85% |
| 5 | Oil, not crude | $601,271,135 | $418,850,775 | $182,420,360 | 43.55% |
| 6 | Motor vehicle parts | $560,947,749 | $530,703,854 | $30,243,895 | 5.70% |
| 7 | Electric equipment for line telephony | $559,273,107 | $1,108,985,494 | ($549,712,387) | -49.57% |
| 8 | Transmission apparatus for cellular phones | $533,627,891 | $431,655,504 | $101,972,387 | 23.62% |
| 9 | Petroleum gases, other gaseous hydrocarbons | $521,799,811 | $381,100,957 | $140,698,854 | 36.92% |
| 10 | Furniture, parts | $495,789,057 | $391,734,077 | $104,054,980 | 26.56% |
| 11 | Regional jet parts | $431,522,293 | $265,444,212 | $166,078,081 | 62.57% |
| 12 | Exports of repaired imports Imports of returned exports | $341,965,964 | $308,432,717 | $33,533,247 | 10.87% |
| 13 | Computer parts | $321,221,614 | $243,828,768 | $77,392,846 | 31.74% |
| 14 | Seats, excluding barber, dental | $295,870,273 | $234,954,769 | $60,915,504 | 25.93% |
| 15 | Taps, cocks and valves for pipes, tanks | $248,125,405 | $182,581,419 | $65,543,986 | 35.90% |
| 16 | Saws, drills and other hand tools | $247,285,839 | $214,205,185 | $33,080,654 | 15.44% |
| 17 | Medical instruments for surgeons, dentists, vets | $242,507,772 | $222,781,626 | $19,726,146 | 8.85% |
| 18 | Sweaters, pullovers, vest, knit or crocheted | $227,637,802 | $127,173,764 | $100,464,038 | 79.00% |
| 19 | Compressors and pumps | $210,670,255 | $172,734,438 | $37,935,817 | 21.96% |
| 20 | Linens for bed, bath and kitchen | $204,304,928 | $133,253,290 | $71,051,638 | 53.32% |
| 21 | Crude oil from Petroleum, bituminous minerals | $200,451,358 | $126,961,337 | $73,490,021 | 57.88% |
| 22 | Internal combustion engines, including aircraft | $188,329,668 | $210,760,182 | ($22,430,514) | -10.64% |
| 23 | Tractors | $186,392,818 | $217,275,053 | ($30,882,235) | -14.21% |
| 24 | Toys, scale models, puzzles | $184,031,841 | $158,678,126 | $25,353,715 | 15.98% |
| 25 | Cane, beet sugar, solid form | $174,158,018 | $93,149,005 | $81,009,013 | 86.97% |
Georgia cracks Top 10 for first time in modern era, slips past Buffalo (02/13/2007)
Georgia to make a run at Buffalo for Top 10 ranking (01/25/2007)
Georgia's trade with China blasts ahead (12/11/2006)
Georgia's LatAm trade increasing with Brazil, Mexico, Trinidad (11/01/2006)
Six-month report: Trade is up but volatility abounds (09/08/2006)
Annual Report: No. 24 Switzerland- Swiss-bound exports take off (09/06/2006)
Annual Report: No. 13 Singapore- Free trade pact pays off (07/20/2006)
Annual Report: No. 18 Indonesia- Tapping tariff relief (07/09/2006)
Annual Report: No. 16 Sweden- Keeping on a growth path (07/08/2006)
Annual Report: No. 17 Trinidad & Tobago- Energy provides trade edge (07/08/2006)
Annual Report: No. 15 Thailand- Breaking a billion (07/07/2006)
Annual Report: No. 14 Belgium- Beyond diamonds (07/06/2006)
Annual Report: No. 11 Taiwan- Playing the tech card (07/03/2006)
Annual Report: No. 10 Italy- Trade, Italian-style (07/02/2006)
Annual Report: No. 9 Australia- Capturing the Aussie market (07/01/2006)
Annual Report: No. 8 The Netherlands- One-sided trade exchange (06/30/2006)
Annual Report: No. 6 Malaysia- Tech trade skyrockets (06/28/2006)
Annual Report: No. 5 United Kingdom- Striking a balance (06/27/2006)
Annual Report: No. 4 South Korea- Vehicle, textile imports soar (06/25/2006)
Annual Report: No. 3 Germany- Autos drive German trade (06/24/2006)
Annual Report: No. 7 Ireland- The right prescription (06/18/2006)
Annual Report: No. 1 China- Cotton and furniture lead roster (06/18/2006)
Annual Report: No. 12 France- Flying high with France (06/16/2006)
Annual Report: No. 19 Hong Kong- Sweetening the surplus (06/16/2006)
Annual Report: No. 20 Spain- Robust exchange with Spain (06/16/2006)
Annual Report: No. 22 India- Diversity marks trade with India (06/16/2006)
Annual Report: No. 23 Venezuela- Giant oil producer sees gains (06/16/2006)
Annual Report: No. 25 Israel- building new trade lanes (06/16/2006)
Annual Report: No. 26 Mexico- Aircraft exports take flight (06/16/2006)
Annual Report: No. 2 Japan good for Gulfstream, Georgia Pacific (06/15/2006)
Annual Report: No. 21 Brazil- Timber products play role (06/15/2006)
Georgia making first move into Top 10 in total U.S. trade (05/22/2006)
Georgia tops $70 billion in trade
Malaysia's trade doubles; phone equipment triples (02/14/2006)