|1||Iron ores and concentrates||$171.82 M|
|3||Coal, briquettes||$16.87 M|
|4||Sugar and starch residues||$15.2 M|
|5||Civilian aircraft, parts||$8.24 M|
|6||Rape or Colza Seeds, Whether or Not Broken 1205||$6.64 M|
|8||Misc. clays||$5.25 M|
|10||Misc. vegetables, not frozen||$744,978|
|1||Diesel engines||$41.07 M|
|2||Petroleum gases, other gaseous hydrocarbons||$29.82 M|
|3||Electric motors, generators, not sets||$7.32 M|
|4||Centrifuges, filters, machines and parts||$6.84 M|
|5||Aircraft, Spacecraft, Satellites||$6.76 M|
|6||Bicycles, etc.||$5.41 M|
|7||Portland, aluminous and slag cement||$5.35 M|
|8||Power supplies, transformers||$3.92 M|
|9||Various forms of salt||$3.64 M|
|10||Quartz, quartzite||$3.55 M|
Port of Duluth, Minn.’s trade decreases 5.93 percent through October
Port of Duluth, Minn.’s trade with the world fell 5.93 percent, from $537.01 million to $505.17 million 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 Duluth, Minn. ranked No. 164 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. 162. It finished No. 161 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 Duluth, Minn.’s top trade parters were No. 1 Japan, No. 2 Canada, No. 3 Italy, No. 4 Algeria and No. 5 Finland . Through the same period of the previous year, the top trade partners were held by Canada, Japan, Italy, Algeria and China, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Japan fell 1.7 percent to $115.17 million.
Exports fell 1.7 percent to $115.17 million. There were no imports.
- Trade with No. 2 Canada fell 47.6 percent to $111.52 million.
Exports fell 27.04 percent to $75.59 million. Imports fell 67.1 percent to $35.93 million.
- Trade with No. 3 Italy rose 72.84 percent to $103.98 million.
Exports rose 3.42 percent to $62.2 million. Imports rose 216441 percent to $41.78 million.
- Trade with No. 4 Algeria fell 28.41 percent to $24.39 million.
Exports fell 28.41 percent to $24.39 million. There were no imports.
- Trade with No. 5 Finland rose 65.81 percent to $21.58 million.
There were no exports. Imports rose 65.81 percent to $21.58 million.
Port of Duluth, Minn.’s top five trading partners through October accounted for 74.56 percent of its trade with the world.
Port of Duluth, Minn. had trade surpluses with 28 countries and deficits with 15 through October. That compares with 26 surpluses and 17 deficits for the same period one year earlier. The top three surpluses through October of this year were with Japan, $115.17 million; Canada, $39.66 million; and Algeria, $24.39 million. The top three deficits through October of this year were with Finland, $21.58 million; Taiwan, $6.02 million; and Switzerland, $5.73 million.
Through October it’s top exports were Iron ores and concentrates; Wheat; Coal, briquettes; Sugar and starch residues; and Civilian aircraft, parts, in that order. Those accounted for 94.22 percent of its total outbound trade. The Port’s top imports were Diesel engines; Petroleum gases, other gaseous hydrocarbons; Electric motors, generators, not sets; Centrifuges, filters, machines and parts; and Aircraft, Spacecraft, Satellites, accounting for 67.25 percent of all inbound shipments.
Looking more closely at Port of Duluth, Minn.’s exports:
- Iron ores and concentrates fell 3.3 percent compared to last year to $171.82 million.
- Wheat rose 12.77 percent compared to last year to $135.2 million.
- Coal, briquettes rose 5.21 percent compared to last year to $16.87 million.
- Sugar and starch residues rose 31.33 percent compared to last year to $15.2 million.
- Civilian aircraft, parts rose 22.64 percent compared to last year to $8.24 million.
On the import side:
- Diesel engines totaled $41.07 million. The previous year, there were no imports in this category.
- Petroleum gases, other gaseous hydrocarbons fell 13.34 percent compared to last year to $29.82 million.
- Electric motors, generators, not sets totaled $7.32 million. The previous year, there were no imports in this category.
- Centrifuges, filters, machines and parts rose 544.91 percent compared to last year to $6.84 million.
- Aircraft, Spacecraft, Satellites fell 88.56 percent compared to last year to $6.76 million.
Last year Port of Duluth, Minn. posted total trade with the world of $531.76 million. The Port’s surplus was $194.39 million . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $363.07 million and imports came to $168.68 million.