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Statistics
Boston's trade increases 6.4%Canada, Netherlands leapfrog Germany
January 1st, 2006
Trade with the Boston Customs district is up a relatively tepid 6.4 percent through the first nine months of the year to $23 billion, according to WorldCity analysis of U.S. Census data.
Canada and the Netherlands have jumped past the previous No. 1, Germany, and China has jumped into the No. 4 slot, ahead of Ireland, now at No. 5. The top four – Canada, the Netherlands, Germany and China – all surpassed $2 billion in trade with Boston through the first nine months of 2005. Canada and the Netherlands posted the biggest dollars gains, at $548 million and $477 million, respectively. Germany’s trade with Boston fell $213 million.
| Change | 2005 | 2004 | Total Trade | Jan.-Sept. 2005 | Jan.-Sept. 2004 | Dollar Change | Percent Change |
|---|---|---|---|---|---|---|---|
| .World Total | $23,043,213,573 | $21,654,058,270 | $1,389,155,303 | 6.42% | |||
| 1 | 1 | 2 | Canada | $2,669,852,636 | $2,121,550,743 | $548,301,893 | 25.84% |
| 1 | 2 | 3 | Netherlands | $2,436,105,887 | $1,958,833,007 | $477,272,880 | 24.37% |
| -2 | 3 | 1 | Germany | $2,328,578,751 | $2,541,798,353 | $(213,219,602) | -8.39% |
| 1 | 4 | 5 | China | $2,218,377,797 | $1,844,282,299 | $374,095,498 | 20.28% |
| -1 | 5 | 4 | Ireland | $1,629,200,173 | $1,867,393,170 | $(238,192,997) | -12.76% |
| 0 | 6 | 6 | United Kingdom | $1,355,822,155 | $1,302,686,584 | $53,135,571 | 4.08% |
| 1 | 7 | 8 | Sweden | $957,804,941 | $958,990,098 | $(1,185,157) | -0.12% |
| -1 | 8 | 7 | France | $776,513,929 | $1,112,168,511 | $(335,654,582) | -30.18% |
| 0 | 9 | 9 | Japan | $687,141,450 | $742,756,216 | $(55,614,766) | -7.49% |
| 1 | 10 | 11 | Trinidad and Tobago | $684,568,638 | $571,148,390 | $113,420,248 | 19.86% |
| 5 | 11 | 16 | Thailand | $645,503,125 | $334,569,103 | $310,934,022 | 92.94% |
| -2 | 12 | 10 | Italy | $618,736,933 | $621,130,601 | $(2,393,668) | -0.39% |
| 1 | 13 | 14 | Venezuela | $541,072,991 | $363,843,524 | $177,229,467 | 48.71% |
| -1 | 14 | 13 | Switzerland | $464,552,600 | $373,231,647 | $91,320,953 | 24.47% |
| 2 | 15 | 17 | Belgium | $384,423,845 | $292,136,064 | $92,287,781 | 31.59% |
Rounding out the Top 10 are the United Kingdom at No. 6, followed by Sweden, France, Japan and Trinidad and Tobago, a provider of natural gas. Trade with France has fallen $336 million, when compared to the same nine months of 2004.
Boston imports about two times what it exports, pretty much in line with the national average. Its exports declined one percent, however, while its imports grew at a 10 percent rate through September 2005.
On the import side, oil and medical instruments for surgeons are the top two, and account for 30 percent of the total. Oil imports alone account for 20 percent, and are up 24 percent to $3.3 billion.
Indicative of the market, other leading imports are hormones and steroids as well as medicine. Other leading imports are shoes, computers, fish fillets and telephone equipment.
On the export side, human and animal blood, plasma and vaccines are the leading category, accounting for 17 percent of the total.
Other leading exports are not surprising, given Boston’s strength in health care: hormones and steroids, medical instruments for surgeons, medicine and centrifuges. Other top exports are computers, computer processors, aircraft and scrap iron.
Top Imports, 2005
| Change | 2005 | 2004 | Exports | Jan-Sep 2005 | Jan-Sep 2004 | Dollar Change | Percent Change |
|---|---|---|---|---|---|---|---|
| Total, All Commodities | $7,261,389,783 | $7,335,239,627 | $(73,849,844) | -1.01% | |||
| 1 | 1 | 2 | Human blood, animal blood, plasma, vaccines | $1,239,436,835 | $979,309,756 | $260,127,079 | 26.56% |
| -1 | 2 | 1 | Hormones and steroids used as hormones | $861,280,310 | $1,214,655,403 | $(353,375,093) | -29.09% |
| 1 | 3 | 4 | Medical instruments for surgeons, dentists, vets | $728,377,829 | $659,810,590 | $68,567,239 | 10.39% |
| 1 | 4 | 5 | Medicine | $574,025,783 | $348,336,774 | $225,689,009 | 64.79% |
| -2 | 5 | 3 | Electronic integrated circuits | $505,073,535 | $673,137,269 | $(168,063,734) | -24.97% |
| 4 | 6 | 10 | Aircraft | $238,318,037 | $127,465,844 | $110,852,193 | 86.97% |
| 0 | 7 | 7 | Computers | $224,189,245 | $231,850,561 | $(7,661,316) | -3.30% |
| 1 | 8 | 9 | Scrap iron, steel | $129,444,996 | $131,398,656 | $(1,953,660) | -1.49% |
| -1 | 9 | 8 | Medical equipment for physicals, including anal exams | $127,654,782 | $173,146,824 | $(45,492,042) | -26.27% |
| 3 | 10 | 13 | Centrifuges, filters, machines and parts | $126,707,660 | $109,434,375 | $17,273,285 | 15.78% |
| 0 | 11 | 11 | Computer parts | $101,298,879 | $122,193,340 | $(20,894,461) | -17.10% |
| 3 | 12 | 15 | Electric equipment for line telephony | $96,131,014 | $83,337,019 | $12,793,995 | 15.35% |
| -1 | 13 | 12 | Medical technology | $95,206,180 | $109,757,117 | $(14,550,937) | -13.26% |
| 2 | 14 | 16 | Misc. medical chemical re-agents | $86,076,715 | $78,445,762 | $7,630,953 | 9.73% |
| 3 | 15 | 18 | Miscellaneous electrical machinery | $85,880,792 | $69,894,911 | $15,985,881 | 22.87% |
Six-month report: Boston trade up slightly, but exports drop (08/22/2006)
Boston exports slip, as five of Top 10 commodities are down (06/28/2006)
Despite important medical exports, Boston's $31.6 billion in annual trade is dependent on imports (03/15/2006)
Boston's trade increases 6.4%Canada, Netherlands leapfrog Germany (01/01/2006)
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