The maritime Port of New York and New Jersey was the nation's second busiest waterborne freight gateway for international trade by value of shipments in 2008. It also ranked second among all land, water, and air gateways, handling more than $185 billion dollars of international freight. This amount of trade represented about 11 percent of the value of U.S. international waterborne freight shipments, accounting for 11 percent of U.S. waterborne exports and 12 percent of imports (table 1).
By weight, the Port of New York and New Jersey ranked third among all U.S. water gateways in 2008. The port processed 6 percent of all U.S. international waterborne tonnage (90 million tons). Imports accounted for a substantial share of both the tonnage and value of the freight handled by the port, with 75 percent (68 million short tons) of the total tonnage and 73 percent ($135 billion) of the total value (table 1).
The port handled nearly 4 million TEUs (20-foot equivalent units) in 2008 (table 1). It ranked third in the number of TEUs handled, following the California ports of Los Angeles and Long Beach.
By weight of shipments, Canada was the top origin country for imports to the Port of New York and New Jersey in 2007, the latest year for which data are available, and China was the top destination country for exports (table 2).1 The top foreign ports of origin and destination were Point Tupper, Canada, and Hong Kong, China, respectively (table 3). Of more than 4,900 vessel calls at the port in 2007, 51 percent were container ships and 29 percent were tankers (table 4).
The Port of New York and New Jersey's top import cargo commodities on a tonnage basis were beverages, vehicles, stone, plaster, and cement. The top general cargo export commodities were wood pulp, vehicles, plastics, and machinery. This gateway continues to be an important water ports for handling automobiles in the nation. Automobiles were a key driver of its growth in exports in 2008 for both general cargo and containerized cargo.2
1 Data for 2008 are not available for weight and vessels calls. Data in tables 2, 3, and 4 are from 2007.
2 Port Authority of New York and New Jersey website, www.panynj.gov as of Aug. 10, 2009.