|1||Motor vehicles for transporting people||$211.82 M|
|2||Misc. mineral or chemical fertilizers||$194.42 M|
|3||Railway or tramway freight cars, not self-propelld||$170.27 M|
|4||Sands, except metal-bearing||$133.32 M|
|5||Sugar and starch residues||$106.12 M|
|6||Acrylic polymers||$105.07 M|
|7||Motor vehicle parts||$93.83 M|
|9||Biodiesel fuels||$74.1 M|
|10||Gasoline, other fuels||$72.56 M|
|3||Wood, sawed or chipped, greater than 6 meters thic||$649.65 M|
|4||Potassic fertilizers||$469.32 M|
|5||Chemical wood pulp, not dissolving grade||$435.62 M|
|6||Petroleum gases, other gaseous hydrocarbons||$224.08 M|
|7||Acyclic hydrocarbons||$213.12 M|
|8||Seats, excluding barber, dental||$212.67 M|
|9||Gasoline, other fuels||$208.96 M|
|10||Particle board||$196.52 M|
International Falls, Minn.’s trade decreases 8.46 percent through August
International Falls, Minn.’s trade with the world fell 8.46 percent, from $10.47 billion to $9.59 billion through the first eight months of 2019 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data.
During the same time period, the nation’s total trade was $2.77 trillion, with exports at $1.1 trillion and imports at $1.67 trillion. The nation’s total trade decreased 0.32 percent compared to the same period last year. Exports fell 0.71 percent and imports fell 0.07 percent.
International Falls, Minn. ranked No. 61 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August of 2019.
The nation’s top five “ports” — airports, seaports and border crossings — so far this year, by value, are Port of Los Angeles; Port Laredo; Chicago O’Hare International Airport; Port of Newark and John F. Kennedy International Airport.
Through August International Falls, Minn.’s top trade partners were No. 1 Canada, No. 2 China, No. 3 Vietnam, No. 4 Japan and No. 5 South Korea. Through the same period of the previous year, the top trade partners were held by Canada, China, Vietnam, Japan and Thailand, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 7.68 percent to $8.1 billion.
Exports fell 13.12 percent to $2.13 billion. Imports fell 5.57 percent to $5.97 billion.
- Trade with No. 2 China fell 18.42 percent to $651.19 million.
Exports fell 36.99 percent to $176.31 million. Imports fell 8.4 percent to $474.88 million.
- Trade with No. 3 Vietnam rose 28 percent to $312.3 million.
Exports rose 4.76 percent to $32.47 million. Imports rose 31.38 percent to $279.83 million.
- Trade with No. 4 Japan fell 24.93 percent to $127.99 million.
Exports fell 25.57 percent to $119.85 million. Imports fell 14.2 percent to $8.15 million.
- Trade with No. 5 South Korea rose 35.55 percent to $110.24 million.
Exports rose 35.24 percent to $71.76 million. Imports rose 36.11 percent to $38.48 million.
International Falls, Minn.’s top five trading partners through August accounted for 97.05 percent of its trade with the world.
International Falls, Minn. had trade surpluses with 28 countries and deficits with 26 through August. That compares with 40 surpluses and 25 deficits for the same period one year earlier. The top three surpluses through August of this year were with Japan, $111.7 million; Thailand, $63.01 million; and Indonesia, $55.51 million. The top three deficits through August of this year were with Canada, $3.85 billion; China, $298.57 million; and Vietnam, $247.36 million.
Through August its top exports were Motor vehicles for transporting people; Misc. mineral or chemical fertilizers; Railway or tramway freight cars, not self-propelld; Sands, except metal-bearing; and Sugar and starch residues, in that order. Those accounted for 29.73 percent of its total outbound trade. The Port’s top imports were Oil; Plastics; Wood, sawed or chipped, greater than 6 meters thic; Potassic fertilizers; and Chemical wood pulp, not dissolving grade, accounting for 55.28 percent of all inbound shipments.
Looking more closely at International Falls, Minn.’s exports:
- Motor vehicles for transporting people fell 43.02 percent compared to last year to $211.82 million.
- Misc. mineral or chemical fertilizers rose 30.19 percent compared to last year to $194.42 million.
- Railway or tramway freight cars, not self-propelld rose 154.57 percent compared to last year to $170.27 million.
- Sands, except metal-bearing fell 26.07 percent compared to last year to $133.32 million.
- Sugar and starch residues rose 3.69 percent compared to last year to $106.12 million.
On the import side:
- Oil rose 47.33 percent compared to last year to $1.42 billion.
- Plastics fell 17.32 percent compared to last year to $812.38 million.
- Wood, sawed or chipped, greater than 6 meters thic fell 39.82 percent compared to last year to $649.65 million.
- Potassic fertilizers rose 0.83 percent compared to last year to $469.32 million.
- Chemical wood pulp, not dissolving grade fell 17.01 percent compared to last year to $435.62 million.
Last year International Falls, Minn. posted total trade with the world of $16.17 billion. The Port’s deficit was $6.48 billion. At the end of the year, the port’s top five trade partners were Canada, China, Vietnam, Thailand and Japan. Exports totaled $4.84 billion and imports came to $11.33 billion.