|1||Civilian aircraft, parts||$685.05 M|
|2||Electrical energy||$7.77 M|
|3||Value added to a returned import||$7.09 M|
|4||Defense-related aircraft, parts||$5 M|
|5||Parts for cellular communications||$2.07 M|
|6||Exports military apparel, military equipment||$843,757|
|7||Compasses and similar navigational instruments||$779,068|
|9||Scrap iron, steel||$772,731|
|10||Motor vehicles for transporting people||$438,770|
|1||Aircraft, Spacecraft, Satellites||$1.43 B|
|2||Value added to a returned import||$322.97 M|
|3||Bombs, grenades, cartridges, parts||$2.31 M|
|4||Returned exports, with change||$1.2 M|
|5||Steam turbines, parts||$1.1 M|
|6||Motorboats and yachts||$285,000|
|7||Plasma, vaccines, blood||$80,893|
|8||Motor vehicle parts||$69,916|
|9||Equipment, models for demonstrational uses||$41,634|
Port of Bangor, Maine’s trade decreases 11.18 percent through October
Port of Bangor, Maine’s trade with the world fell 11.18 percent, from $2.78 billion to $2.47 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.
Port of Bangor, Maine ranked No. 115 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. 104. It finished No. 103 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 Port of Bangor, Maine’s top trade parters were No. 1 France, No. 2 Germany, No. 3 Canada, No. 4 United Kingdom and No. 5 South Africa . Through the same period of the previous year, the top trade partners were held by Germany, France, Canada, Saudi Arabia and United Kingdom, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 France rose 41.63 percent to $757.5 million.
Exports fell 39.7 percent to $5.74 million. Imports rose 43.11 percent to $751.76 million.
- Trade with No. 2 Germany fell 63.82 percent to $381.61 million.
Exports fell 17.81 percent to $61.68 million. Imports fell 67.35 percent to $319.92 million.
- Trade with No. 3 Canada rose 35.27 percent to $333.17 million.
Exports fell 79.56 percent to $22.03 million. Imports rose 124.64 percent to $311.14 million.
- Trade with No. 4 United Kingdom rose 12.62 percent to $174.2 million.
Exports rose 24.41 percent to $61.86 million. Imports rose 7.04 percent to $112.34 million.
- Trade with No. 5 South Africa rose 28.29 percent to $127.27 million.
Exports rose 25.1 percent to $122.66 million. Imports rose 300.61 percent to $4.61 million.
Port of Bangor, Maine’s top five trading partners through October accounted for 71.79 percent of its trade with the world.
Port of Bangor, Maine had trade surpluses with 45 countries and deficits with 14 through October. That compares with 38 surpluses and 17 deficits for the same period one year earlier. The top three surpluses through October of this year were with South Africa, $118.06 million; Russia, $47.13 million; and Spain, $31.21 million. The top three deficits through October of this year were with France, $746.02 million; Canada, $289.11 million; and Germany, $258.24 million.
Through October it’s top exports were Civilian aircraft, parts; Electrical energy; Value added to a returned import; Defense-related aircraft, parts; and Parts for cellular communications, in that order. Those accounted for 99.05 percent of its total outbound trade. The Port’s top imports were Aircraft, Spacecraft, Satellites; Value added to a returned import; Bombs, grenades, cartridges, parts; Returned exports, with change; and Steam turbines, parts, accounting for 99.97 percent of all inbound shipments.
Looking more closely at Port of Bangor, Maine’s exports:
- Civilian aircraft, parts fell 0.93 percent compared to last year to $685.05 million.
- Electrical energy rose 56.49 percent compared to last year to $7.77 million.
- Value added to a returned import fell 35.63 percent compared to last year to $7.09 million.
- Defense-related aircraft, parts rose 229.91 percent compared to last year to $5 million.
- Parts for cellular communications totaled $2.07 million. The previous year, there were no exports in this category.
On the import side:
- Aircraft, Spacecraft, Satellites fell 15.74 percent compared to last year to $1.43 billion.
- Value added to a returned import rose 5.1 percent compared to last year to $322.97 million.
- Bombs, grenades, cartridges, parts rose 1555.28 percent compared to last year to $2.31 million.
- Returned exports, with change rose 22679 percent compared to last year to $1.2 million.
- Steam turbines, parts totaled $1.1 million. The previous year, there were no imports in this category.
Last year Port of Bangor, Maine posted total trade with the world of $0. The Port’s deficit was $0 . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $0 and imports came to $0.