|1||Iron ores and concentrates||$169.97 M|
|3||Civilian aircraft, parts||$11.81 M|
|4||Sugar and starch residues||$5.55 M|
|5||Rape or Colza Seeds, Whether or Not Broken 1205||$4.5 M|
|6||Coal, briquettes||$4.38 M|
|7||Misc. clays||$1.18 M|
|8||Misc. vegetables, not frozen||$592,675|
|9||Misc. coated paper, paperboard||$199,994|
|10||Ceramic lab supplies||$86,112|
|1||Petroleum gases, other gaseous hydrocarbons||$27.08 M|
|2||Misc. engines and motors, parts||$19.63 M|
|3||Value added to a returned import||$12.02 M|
|4||Pulley, hoists, winches||$11.35 M|
|5||Misc. iron or steel structures and parts||$9.65 M|
|6||Various forms of salt||$6.27 M|
|7||Bicycles, etc.||$4.76 M|
|8||Quartz, quartzite||$4.7 M|
|9||Portland, aluminous and slag cement||$3.54 M|
|10||Heterocyclic chemical compounds||$1.99 M|
Port of Duluth, Minn.’s trade increases 1.43 percent through August
Port of Duluth, Minn.’s trade with the world rose 1.43 percent, from $383.11 million to $388.58 million through the first eight 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 $2.77 trillion, with exports at $1.1 trillion and imports at $1.67 trillion. The nation’s total trade decreased 0.32 percent compared to the same period last year. Exports fell 0.71 percent and imports fell 0.07 percent.
Port of Duluth, Minn. ranked No. 165 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August 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; Chicago O’Hare International Airport; Port of Newark and John F. Kennedy International Airport.
Through August Port of Duluth, Minn.’s top trade partners were No. 1 Japan, No. 2 Canada, No. 3 Italy, No. 4 India and No. 5 Germany. Through the same period of the previous year, the top trade partners were held by Japan, Canada, Italy, Finland and Algeria, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Japan rose 31.31 percent to $117.24 million.
Exports rose 31.02 percent to $116.98 million. Imports totaled $261,022.
- Trade with No. 2 Canada rose 28.04 percent to $113.16 million.
Exports rose 0.77 percent to $58.09 million. Imports rose 79.21 percent to $55.06 million.
- Trade with No. 3 Italy fell 46.51 percent to $45.81 million.
Exports rose 3.78 percent to $45.66 million. Imports fell 99.63 percent to $153,050.
- Trade with No. 4 India rose 11629 percent to $21.21 million.
There were no exports. Imports rose 11629 percent to $21.21 million.
- Trade with No. 5 Germany rose 371.4 percent to $14.2 million.
Exports rose 86.75 percent to $3.41 million. Imports rose 811.1 percent to $10.78 million.
Port of Duluth, Minn.’s top five trading partners through August accounted for 80.19 percent of its trade with the world.
Port of Duluth, Minn. had trade surpluses with 22 countries and deficits with 22 through August. That compares with 24 surpluses and 15 deficits for the same period one year earlier. The top three surpluses through August of this year were with Japan, $116.72 million; Italy, $45.51 million; and Algeria, $9.33 million. The top three deficits through August of this year were with India, $21.21 million; Germany, $7.37 million; and Taiwan, $5.88 million.
Through August its top exports were Iron ores and concentrates; Wheat; Civilian aircraft, parts; Sugar and starch residues; and Rape or Colza Seeds, Whether or Not Broken 1205, in that order. Those accounted for 97.55 percent of its total outbound trade. The Port’s top imports were Petroleum gases, other gaseous hydrocarbons; Misc. engines and motors, parts; Value added to a returned import; Pulley, hoists, winches; and Misc. iron or steel structures and parts, accounting for 70.05 percent of all inbound shipments.
Looking more closely at Port of Duluth, Minn.’s exports:
- Iron ores and concentrates rose 30.17 percent compared to last year to $169.97 million.
- Wheat fell 19.13 percent compared to last year to $76.22 million.
- Civilian aircraft, parts rose 66.02 percent compared to last year to $11.81 million.
- Sugar and starch residues fell 24.62 percent compared to last year to $5.55 million.
- Rape or Colza Seeds, Whether or Not Broken 1205 totaled $4.5 million. The previous year, there were no exports in this category.
On the import side:
- Petroleum gases, other gaseous hydrocarbons rose 8.78 percent compared to last year to $27.08 million.
- Misc. engines and motors, parts totaled $19.63 million. The previous year, there were no imports in this category.
- Value added to a returned import rose 365777 percent compared to last year to $12.02 million.
- Pulley, hoists, winches totaled $11.35 million. The previous year, there were no imports in this category.
- Misc. iron or steel structures and parts rose 690.36 percent compared to last year to $9.65 million.
Last year Port of Duluth, Minn. posted total trade with the world of $627.1 million. The Port’s surplus was $292.74 million. At the end of the year, the port’s top five trade partners were Canada, Japan, Italy, United Kingdom and Algeria. Exports totaled $459.92 million and imports came to $167.18 million.