|2||Iron ores and concentrates||$73.15 M|
|3||Civilian aircraft, parts||$5.93 M|
|4||Caulking compounds, glaziers putty||$220,492|
|5||Motor vehicle parts||$140,113|
|6||Buckwheat, millet and canary seeds; other cereals||$64,240|
|7||Misc. aluminum oxides and hydroxides||$22,000|
|8||Pumps for dispensing liquids||$14,111|
|9||Paper-making machines, including cutters||$10,825|
|10||Returned exports, without change||$10,000|
|1||LNG, other petroleum gases||$32.22 M|
|2||Returned exports, without change||$5.59 M|
|3||Quartz, quartzite||$3.9 M|
|4||Various forms of salt||$3.82 M|
|5||Regional aircraft, satellites, etc.||$3 M|
|6||Portland, aluminous and slag cement||$1.73 M|
|7||Kaolin clays||$1.45 M|
|8||Transmission shafts, bearings, gears||$955,203|
|9||Misc. cast articles of iron, steel||$643,318|
|10||Misc. iron and steel articles||$536,580|
Port of Duluth, Minn.’s trade decreases 9.24 percent through June
Port of Duluth, Minn.’s trade with the world fell 9.24 percent, from $239.16 million to $217.06 million through the first six months of 2020 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 $1.77 trillion, with exports at $687.16 billion and imports at $1.08 trillion. The nation’s total trade decreased 14.28 percent compared to the same period last year. Exports fell 16.57 percent and imports fell 12.75 percent.
Port of Duluth, Minn. ranked No. 161 for total trade among the nation’s roughly 450 airports, seaports and border crossings through June of 2020.
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 June Port of Duluth, Minn.’s top trade partners were No. 1 Canada, No. 2 Italy, No. 3 Japan, No. 4 Algeria and No. 5 Switzerland. Through the same period of the previous year, the top trade partners were held by Canada, Japan, Italy, Algeria and India, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 3.42 percent to $75.47 million.
Exports rose 16.71 percent to $39.08 million. Imports fell 18.51 percent to $36.39 million.
- Trade with No. 2 Italy rose 94.12 percent to $56.59 million.
Exports rose 94.27 percent to $56.53 million. Imports rose 9.17 percent to $57,685.
- Trade with No. 3 Japan fell 49.39 percent to $31.44 million.
Exports fell 49.94 percent to $31.01 million. Imports rose 124.87 percent to $435,063.
- Trade with No. 4 Algeria rose 82.72 percent to $17.05 million.
Exports rose 82.72 percent to $17.05 million. There were no imports.
- Trade with No. 5 Switzerland rose 321.76 percent to $8.5 million.
There were no exports. Imports rose 321.76 percent to $8.5 million.
Port of Duluth, Minn.’s top five trading partners through June accounted for 87.1 percent of its trade with the world.
Port of Duluth, Minn. had trade surpluses with 15 countries and deficits with 11 through June. That compares with 22 surpluses and 13 deficits for the same period one year earlier. The top three surpluses through June of this year were with Italy, $56.48 million; Japan, $30.57 million; and Algeria, $17.05 million. The top three deficits through June of this year were with Switzerland, $8.5 million; China, $2.46 million; and Belgium, $2.27 million.
Through June its top exports were Wheat; Iron ores and concentrates; Civilian aircraft, parts; Caulking compounds, glaziers putty; and Motor vehicle parts, in that order. Those accounted for 99.91 percent of its total outbound trade. The Port’s top imports were LNG, other petroleum gases; Returned exports, without change; Quartz, quartzite; Various forms of salt; and Satellites, related equipment, accounting for 86.14 percent of all inbound shipments.
Looking more closely at Port of Duluth, Minn.’s exports:
- Wheat rose 54.55 percent compared to last year to $81.14 million.
- Iron ores and concentrates fell 22.77 percent compared to last year to $73.15 million.
- Civilian aircraft, parts fell 36.43 percent compared to last year to $5.93 million.
- Caulking compounds, glaziers putty totaled $220,492. The previous year, there were no exports in this category.
- Motor vehicle parts totaled $140,113. The previous year, there were no exports in this category.
On the import side:
- LNG, other petroleum gases rose 20.16 percent compared to last year to $32.22 million.
- Returned exports, without change rose 130.33 percent compared to last year to $5.59 million.
- Quartz, quartzite fell 3.21 percent compared to last year to $3.9 million.
- Various forms of salt fell 17.79 percent compared to last year to $3.82 million.
- Satellites, related equipment rose 51.9 percent compared to last year to $3 million.
Last year Port of Duluth, Minn. posted total trade with the world of $722.71 million. The Port’s surplus was $340.11 million. Exports totaled $531.41 million and imports came to $191.3 million.