|1||Motor vehicles for transporting people||$451.37 M|
|2||Motor vehicle parts||$275.75 M|
|3||Gasoline, other fuels||$223.01 M|
|4||Sands, except metal-bearing||$215.56 M|
|5||Misc. mineral or chemical fertilizers||$190.4 M|
|6||Sugar and starch residues||$134.71 M|
|7||Acrylic polymers||$118.35 M|
|10||Misc. chemical reaction initiators, accelerators||$73.78 M|
|2||Wood, sawed or chipped, greater than 6 meters thic||$1.31 B|
|4||Chemical wood pulp, not dissolving grade||$683.9 M|
|5||Potassic fertilizers||$580.96 M|
|6||Particle board||$318.17 M|
|7||Petroleum gases, other gaseous hydrocarbons||$307.64 M|
|8||Acyclic hydrocarbons||$250.12 M|
|9||Seats, excluding barber, dental||$240.48 M|
|10||Rapeseed, colza or mustard oil||$235.39 M|
International Falls, Minn.’s trade increases 13.4 percent through October
International Falls, Minn.’s trade with the world rose 13.4 percent, from $11.74 billion to $13.32 billion through the first 10 months of 2018 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 $3.51 trillion, with exports at $1.39 trillion and imports at $2.12 trillion. The nation’s total trade increased 9.25 percent compared to the same period last year. Exports rose 8.95 percent and imports rose 9.44 percent.
International Falls, Minn. ranked No. 57 for total trade among the nation’s roughly 450 airports, seaports and border crossings through October of 2018. During the same period of 2017 it ranked No. 57. It finished No. 57 in the last full year.
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; John F. Kennedy International Airport and Port of Newark.
Through October International Falls, Minn.’s top trade parters were No. 1 Canada, No. 2 China, No. 3 Vietnam, No. 4 Thailand and No. 5 Japan . Through the same period of the previous year, the top trade partners were held by Canada, China, Vietnam, South Korea and Japan, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada rose 19.48 percent to $11.13 billion.
Exports rose 13.67 percent to $2.97 billion. Imports rose 21.75 percent to $8.15 billion.
- Trade with No. 2 China fell 23 percent to $1.04 billion.
Exports fell 41.01 percent to $362.99 million. Imports fell 7.89 percent to $676.21 million.
- Trade with No. 3 Vietnam fell 5.86 percent to $314.05 million.
Exports rose 94.53 percent to $44.17 million. Imports fell 13.19 percent to $269.88 million.
- Trade with No. 4 Thailand rose 699.17 percent to $220.36 million.
Exports rose 745.4 percent to $217.44 million. Imports rose 57.65 percent to $2.92 million.
- Trade with No. 5 Japan rose 10.18 percent to $216.34 million.
Exports rose 10.76 percent to $201.2 million. Imports rose 2.94 percent to $15.14 million.
International Falls, Minn.’s top five trading partners through October accounted for 96.99 percent of its trade with the world.
International Falls, Minn. had trade surpluses with 39 countries and deficits with 27 through October. That compares with 29 surpluses and 29 deficits for the same period one year earlier. The top three surpluses through October of this year were with Thailand, $214.52 million; Japan, $186.06 million; and Indonesia, $57.51 million. The top three deficits through October of this year were with Canada, $5.18 billion; China, $313.22 million; and Vietnam, $225.71 million.
Through October it’s top exports were Motor vehicles for transporting people; Motor vehicle parts; Gasoline, other fuels; Sands, except metal-bearing; and Misc. mineral or chemical fertilizers, in that order. Those accounted for 33.03 percent of its total outbound trade. The Port’s top imports were Oil; Wood, sawed or chipped, greater than 6 meters thic; Plastics; Chemical wood pulp, not dissolving grade; and Potassic fertilizers, accounting for 56.61 percent of all inbound shipments.
Looking more closely at International Falls, Minn.’s exports:
- Motor vehicles for transporting people rose 7.08 percent compared to last year to $451.37 million.
- Motor vehicle parts fell 30.12 percent compared to last year to $275.75 million.
- Gasoline, other fuels rose 392.03 percent compared to last year to $223.01 million.
- Sands, except metal-bearing rose 61.51 percent compared to last year to $215.56 million.
- Misc. mineral or chemical fertilizers rose 49.24 percent compared to last year to $190.4 million.
On the import side:
- Oil rose 57.41 percent compared to last year to $1.44 billion.
- Wood, sawed or chipped, greater than 6 meters thic rose 3.23 percent compared to last year to $1.31 billion.
- Plastics rose 16.87 percent compared to last year to $1.2 billion.
- Chemical wood pulp, not dissolving grade rose 21.92 percent compared to last year to $683.9 million.
- Potassic fertilizers rose 11.83 percent compared to last year to $580.96 million.
Last year International Falls, Minn. posted total trade with the world of $13.47 billion. The Port’s deficit was $4.59 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $4.44 billion and imports came to $9.03 billion.