Statistics
Georgia tops $70 billion in trade
Malaysia's trade doubles; phone equipment triples
February 14th, 2006
Georgia’s trade with the world topped $70 billion for the first time in 2005, according to annual statistics released by the Census Department on Feb. 10 and analyzed by WorldCity.
Led by the Port of Savannah and Atlanta International Airport, Georgia registered $72.5 billion in imports and exports, maintaining its position as the United States’ seventh-busiest Customs district.
| 2005 | 2004 | Total Trade | 2005 | 2004 | Dollar Change | Percent Change |
|---|---|---|---|---|---|---|
| .World Total | $72,449,009,446 | $60,409,945,926 | $12,039,063,520 | 19.93% | ||
| 1 | 1 | China | $12,128,492,493 | $9,400,028,683 | $2,728,463,810 | 29.03% |
| 2 | 2 | Japan | $7,892,528,048 | $6,991,471,077 | $901,056,971 | 12.89% |
| 3 | 3 | Germany | $6,396,625,951 | $5,773,655,871 | $622,970,080 | 10.79% |
| 4 | 4 | South Korea | $4,106,682,484 | $3,674,226,925 | $432,455,559 | 11.77% |
| 5 | 5 | United Kingdom | $3,918,995,071 | $3,615,671,203 | $303,323,868 | 8.39% |
| 6 | 11 | Malaysia | $3,301,451,513 | $1,544,173,528 | $1,757,277,985 | 113.80% |
| 7 | 7 | Ireland | $2,423,579,039 | $2,181,372,328 | $242,206,711 | 11.10% |
| 8 | 6 | Netherlands | $2,329,798,146 | $2,355,460,640 | ($25,662,494) | -1.09% |
| 9 | 8 | Australia | $2,162,183,238 | $1,944,284,303 | $217,898,935 | 11.21% |
| 10 | 9 | Italy | $2,159,476,917 | $1,935,410,373 | $224,066,544 | 11.58% |
| 11 | 10 | Taiwan | $2,030,475,628 | $1,561,306,164 | $469,169,464 | 30.05% |
| 12 | 12 | France | $1,608,601,689 | $1,405,901,975 | $202,699,714 | 14.42% |
| 13 | 15 | Singapore | $1,543,164,345 | $999,263,160 | $543,901,185 | 54.43% |
| 14 | 13 | Belgium | $1,324,686,096 | $1,165,831,654 | $158,854,442 | 13.63% |
| 15 | 16 | Thailand | $1,256,643,814 | $989,669,434 | $266,974,380 | 26.98% |
| 16 | 14 | Sweden | $1,188,056,224 | $1,128,728,959 | $59,327,265 | 5.26% |
| 17 | 20 | Trinidad and Tobago | $1,135,031,743 | $767,228,150 | $367,803,593 | 47.94% |
| 18 | 19 | Indonesia | $1,018,102,096 | $775,642,948 | $242,459,148 | 31.26% |
| 19 | 17 | Hong Kong | $935,202,156 | $892,576,010 | $42,626,146 | 4.78% |
| 20 | 18 | Spain | $925,743,571 | $850,953,365 | $74,790,206 | 8.79% |
| 21 | 21 | Brazil | $908,670,650 | $725,037,945 | $183,632,705 | 25.33% |
| 22 | 22 | India | $685,651,676 | $611,332,375 | $74,319,301 | 12.16% |
| 23 | 24 | Venezuela | $631,046,346 | $468,287,435 | $162,758,911 | 34.76% |
| 24 | 27 | Switzerland | $576,294,050 | $425,555,767 | $150,738,283 | 35.42% |
| 25 | 23 | Israel | $571,594,468 | $514,576,142 | $57,018,326 | 11.08% |
Only Los Angeles, New York, Detroit, Laredo, New Orleans and Houston ranked ahead of Georgia, among the nearly four dozen U.S. Customs districts. In May, WorldCity will host a half-day event and release the annual publication Georgia TradeNumbers at the Intercontinental Buckhead in Atlanta, providing an in-depth look at the state’s imports and exports with the world, by nation and commodity, as well as updates from leading airport and seaport officials.
To register for the event, sponsored by the Datamyne as well as the Georgia Department of Economic Development and Atlanta International Airport, click here.
In 2005, 18 nations recorded more than $1 billion in trade with Georgia, an increase of four from the previous year. The new members of the $1 Billion Club are Singapore, Thailand, Trinidad and Tobago, and Indonesia. The biggest surge in trade among the top trade partners was with Malaysia, a tech manufacturing powerhouse, which saw its trade with Georgia more than double in 2005, according to WorldCity analysis. It ranked as the state’s sixth leading trade partner, with more than $3.3 billion in total trade, moving up five slots. Almost $3 billion of that trade was in imports into Georgia. The value of imports was nearly twice as great as that of exports, $47.9 billion to $24.6 billion, almost identical to the national ratio. That led to a trade deficit of $23.2 billion, which is likely to grow. Imports grew at nearly twice the rate as exports, 23 percent to 14 percent. Fastest-growing import? Telephone equipment, which jumped 11 notches to become the No. 2 import into Georgia in 2005, behind only motor vehicle imports. The value of those imports surged more than 357 percent to $2 billion. Other fast-growing imports in dollar value were refined petroleum products and petroleum gases. On the export side, phone equipment remains the No. 1 commodity, but the value slipped $144 million. Jet parts, optical fibers and chemical wood pulp were fast-growing exports.Top Imports
| 2005 | 2005 | 2004 | Dollar Change | Percent Change | |
|---|---|---|---|---|---|
| Total, All Commodities | $24,566,369,055 | $21,596,720,913 | $2,969,648,142 | 13.75% | |
| 1 | Electric equipment for line telephony | $1,594,688,568 | $1,738,901,078 | ($144,212,510) | -8.29% |
| 2 | Regional jet parts | $1,510,990,186 | $1,192,366,331 | $318,623,855 | 26.72% |
| 3 | Motor vehicles for transporting people | $881,972,313 | $893,649,557 | ($11,677,244) | -1.31% |
| 4 | Optical fibers | $853,799,394 | $590,210,163 | $263,589,231 | 44.66% |
| 5 | Aircraft parts | $828,299,877 | $700,264,721 | $128,035,156 | 18.28% |
| 6 | Chemical woodpulp | $803,758,700 | $582,394,870 | $221,363,830 | 38.01% |
| 7 | Aircraft | $694,662,241 | $715,295,922 | ($20,633,681) | -2.88% |
| 8 | Medical instruments for surgeons, dentists, vets | $615,791,545 | $568,846,239 | $46,945,306 | 8.25% |
| 9 | Computers | $614,998,825 | $543,965,193 | $71,033,632 | 13.06% |
| 10 | Motor vehicles for transporting goods | $599,395,413 | $498,717,544 | $100,677,869 | 20.19% |
| 11 | Cotton, not carded or combed | $484,122,929 | $637,403,700 | ($153,280,771) | -24.05% |
| 12 | Kaolin clays | $467,669,559 | $428,398,853 | $39,270,706 | 9.17% |
| 13 | Computer parts | $451,506,350 | $347,595,194 | $103,911,156 | 29.89% |
| 14 | Polyethers, expoxides and polyesters, primary forms | $397,252,042 | $221,381,576 | $175,870,466 | 79.44% |
| 15 | Yachts and other boats | $319,192,613 | $205,981,610 | $113,211,003 | 54.96% |
Top Exports
| 2005 | 2005 | 2004 | Dollar Change | Percent Change | |
|---|---|---|---|---|---|
| Total, All Commodities | $47,882,640,391 | $38,813,225,013 | $9,069,415,378 | 23.37% | |
| 1 | Motor vehicles for transporting people | $4,727,899,913 | $4,794,618,922 | ($66,719,009) | -1.39% |
| 2 | Electric equipment for line telephony | $2,077,821,401 | $454,901,569 | $1,622,919,832 | 356.76% |
| 3 | Medicine | $1,931,462,616 | $1,845,776,051 | $85,686,565 | 4.64% |
| 4 | Computers | $1,449,568,943 | $1,215,253,255 | $234,315,688 | 19.28% |
| 5 | Self-propelled heavy construction machinery | $1,261,436,701 | $990,981,446 | $270,455,255 | 27.29% |
| 6 | Petroleum gases, other gaseous hydrocarbons | $1,197,733,929 | $665,512,001 | $532,221,928 | 79.97% |
| 7 | Motor vehicle parts | $1,105,622,427 | $856,001,055 | $249,621,372 | 29.16% |
| 8 | Oil, not crude | $1,021,453,480 | $557,421,291 | $464,032,189 | 83.25% |
| 9 | Transmission apparatus for cellular phones | $903,116,441 | $718,589,138 | $184,527,303 | 25.68% |
| 10 | Furniture, parts | $845,027,074 | $663,574,528 | $181,452,546 | 27.34% |
| 11 | Exports of repaired imports Imports of returned exports | $653,454,282 | $536,193,675 | $117,260,607 | 21.87% |
| 12 | Regional jet parts | $621,834,361 | $518,378,491 | $103,455,870 | 19.96% |
| 13 | Toys, scale models, puzzles | $578,179,644 | $500,581,662 | $77,597,982 | 15.50% |
| 14 | Computer parts | $509,560,154 | $424,705,891 | $84,854,263 | 19.98% |
| 15 | Saws, drills and other hand tools | $455,055,502 | $386,634,383 | $68,421,119 | 17.70% |
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)