|2||Iron ores and concentrates||$82.82 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||$128,480|
|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||$33.55 M|
|2||Electric generating sets, rotary converters||$27.03 M|
|3||Misc. engines and motors, parts||$11.99 M|
|4||Returned exports, without change||$5.59 M|
|5||Quartz, quartzite||$5.03 M|
|6||Various forms of salt||$4.61 M|
|7||Misc. iron or steel structures and parts||$4.02 M|
|8||Portland, aluminous and slag cement||$3.46 M|
|9||Satellites, related equipment||$3 M|
|10||Kaolin clays||$1.45 M|
Port of Duluth, Minn.’s trade decreases 3.5 percent through July
Port of Duluth, Minn.’s trade with the world fell 3.5 percent, from $307.47 million to $296.72 million through the first seven 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 $2.08 trillion, with exports at $799.82 billion and imports at $1.28 trillion. The nation’s total trade decreased 13.79 percent compared to the same period last year. Exports fell 16.38 percent and imports fell 12.08 percent.
Port of Duluth, Minn. ranked No. 163 for total trade among the nation’s roughly 450 airports, seaports and border crossings through July of 2020. During the same period of 2019 it ranked No. 167. 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; Chicago O’Hare International Airport; John F. Kennedy International Airport; Port Laredo and Port of Newark.
Through July 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, India and Algeria, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 25.78 percent to $75.47 million.
Exports fell 29.14 percent to $39.08 million. Imports fell 21.81 percent to $36.39 million.
- Trade with No. 2 Italy rose 82.51 percent to $56.59 million.
Exports rose 82.93 percent to $56.53 million. Imports fell 43.81 percent to $57,685.
- Trade with No. 3 Japan fell 64.62 percent to $31.44 million.
Exports fell 65.04 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 185.62 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 July 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 July. That compares with 23 surpluses and 18 deficits for the same period one year earlier. The top three surpluses through July of this year were with Italy, $56.48 million; Japan, $30.57 million; and Algeria, $17.05 million. The top three deficits through July of this year were with Switzerland, $8.5 million; China, $2.46 million; and Belgium, $2.27 million.
Through July 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 99.89 percent of its total outbound trade. The Port’s top imports were LNG, other petroleum gases; Electric generating sets, rotary converters; Misc. engines and motors, parts; Returned exports, without change; and Quartz, quartzite, accounting for 79.03 percent of all inbound shipments.
Looking more closely at Port of Duluth, Minn.’s exports:
- Wheat rose 88.11 percent compared to last year to $102.15 million.
- Iron ores and concentrates fell 40.3 percent compared to last year to $82.82 million.
- Civilian aircraft, parts fell 49.82 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 24.31 percent compared to last year to $33.55 million.
- Electric generating sets, rotary converters totaled $27.03 million. The previous year, there were no imports in this category.
- Misc. engines and motors, parts fell 18.02 percent compared to last year to $11.99 million.
- Returned exports, without change rose 130.33 percent compared to last year to $5.59 million.
- Quartz, quartzite rose 11.16 percent compared to last year to $5.03 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.