|1||Motor vehicles for transporting people||$51.06 M|
|2||Motor vehicle parts||$48.93 M|
|3||Misc. mineral or chemical fertilizers||$43.99 M|
|4||Sands, except metal-bearing||$33.38 M|
|5||Sugar and starch residues||$21.4 M|
|6||Acrylic polymers||$19.48 M|
|8||Railway or tramway freight cars, not self-propelld||$16.86 M|
|10||Gasoline, other fuels||$14.41 M|
|3||Wood, sawed or chipped, greater than 6 meters thic||$123.97 M|
|4||Potassic fertilizers||$119.94 M|
|5||Chemical wood pulp, not dissolving grade||$118.84 M|
|6||Petroleum gases, other gaseous hydrocarbons||$75.78 M|
|7||Gasoline, other fuels||$48.97 M|
|8||Seats, excluding barber, dental||$48.68 M|
|9||Acyclic hydrocarbons||$45.11 M|
|10||Rapeseed, colza or mustard oil||$37.37 M|
International Falls, Minn.’s trade decreases 8.61 percent through February
International Falls, Minn.’s trade with the world fell 8.61 percent, from $2.35 billion to $2.15 billion through the first two 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 $650.55 billion, with exports at $260.05 billion and imports at $390.5 billion. The nation’s total trade increased 1.11 percent compared to the same period last year. Exports rose 2.61 percent and imports rose 0.14 percent.
International Falls, Minn. ranked No. 62 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February 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; Port of Newark; John F. Kennedy International Airport and Chicago O’Hare International Airport.
Through February 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, Japan, Vietnam and South Korea, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 10.37 percent to $1.79 billion.
Exports fell 19.65 percent to $449.29 million. Imports fell 6.74 percent to $1.34 billion.
- Trade with No. 2 China fell 20.75 percent to $151.36 million.
Exports fell 24.42 percent to $46.59 million. Imports fell 19 percent to $104.77 million.
- Trade with No. 3 Vietnam rose 38.97 percent to $70.54 million.
Exports rose 235.34 percent to $11.82 million. Imports rose 24.31 percent to $58.72 million.
- Trade with No. 4 Thailand rose 602.65 percent to $39.66 million.
Exports rose 608.51 percent to $38.69 million. Imports rose 429.4 percent to $977,776.
- Trade with No. 5 Japan fell 27.71 percent to $37.43 million.
Exports fell 26.74 percent to $36.17 million. Imports fell 47.7 percent to $1.26 million.
International Falls, Minn.’s top five trading partners through February accounted for 97.03 percent of its trade with the world.
International Falls, Minn. had trade surpluses with 22 countries and deficits with 13 through February. That compares with 18 surpluses and 16 deficits for the same period one year earlier. The top three surpluses through February of this year were with Thailand, $37.71 million; Japan, $34.92 million; and Indonesia, $10.5 million. The top three deficits through February of this year were with Canada, $886.45 million; China, $58.18 million; and Vietnam, $46.89 million.
Through February it’s top exports were Motor vehicles for transporting people; Motor vehicle parts; Misc. mineral or chemical fertilizers; Sands, except metal-bearing; and Sugar and starch residues, in that order. Those accounted for 31.65 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 54.53 percent of all inbound shipments.
Looking more closely at International Falls, Minn.’s exports:
- Motor vehicles for transporting people fell 57.74 percent compared to last year to $51.06 million.
- Motor vehicle parts rose 180.18 percent compared to last year to $48.93 million.
- Misc. mineral or chemical fertilizers rose 19.47 percent compared to last year to $43.99 million.
- Sands, except metal-bearing fell 19.58 percent compared to last year to $33.38 million.
- Sugar and starch residues fell 9.05 percent compared to last year to $21.4 million.
On the import side:
- Oil rose 117.72 percent compared to last year to $277.39 million.
- Plastics fell 26.85 percent compared to last year to $188.68 million.
- Wood, sawed or chipped, greater than 6 meters thic fell 39.25 percent compared to last year to $123.97 million.
- Potassic fertilizers rose 14.02 percent compared to last year to $119.94 million.
- Chemical wood pulp, not dissolving grade rose 1.27 percent compared to last year to $118.84 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, The Netherlands, Iceland, Germany and Norway. Exports totaled $4.44 billion and imports came to $9.03 billion.