|1||Rubber conveyor or transmission belts||$251,655|
|2||Uncoated paper, paperboard||$24,239|
|3||Firearm parts and accessories||$9,451|
|4||Taps, cocks and valves for pipes, tanks||$8,699|
|5||Cell phones, related equipment||$4,280|
|6||Meteorological, hydraulic and survey equipment||$3,256|
|7||Electrical boards, panels and switches||$2,924|
|9||Train and locomotive parts||$0|
|10||Self-adhesive plates, sheets, film||$0|
|1||Aircraft, Spacecraft, Satellites||$28.24 M|
|2||Train and locomotive parts||$12.77 M|
|3||Electric motor, generator parts||$7.22 M|
|4||Engine parts||$6.88 M|
|5||Miscellaneous machines, parts||$5.99 M|
|6||Transmission shafts, bearings, gears||$2.78 M|
|7||Insulated wire, cable||$2.31 M|
|8||Parts for electrical supplies||$2.03 M|
|9||Misc. steam-generating boilers||$1.92 M|
|10||Compressors and pumps||$1.79 M|
Port of Erie, Penn.’s trade increases 243.23 percent through October
Port of Erie, Penn.’s trade with the world rose 243.23 percent, from $24.87 million to $85.35 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 Erie, Penn. ranked No. 225 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. 267. It finished No. 271 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 Erie, Penn.’s top trade parters were No. 1 China, No. 2 Canada, No. 3 Germany, No. 4 India and No. 5 Australia . Through the same period of the previous year, the top trade partners were held by China, Germany, Canada, The Netherlands and Poland, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China rose 499.52 percent to $32.46 million.
There were no exports. Imports rose 545.54 percent to $32.46 million.
- Trade with No. 2 Canada rose 911.02 percent to $29.27 million.
Exports fell 87.93 percent to $307,356. Imports rose 8193.31 percent to $28.96 million.
- Trade with No. 3 Germany rose 69.94 percent to $8.18 million.
There were no exports. Imports rose 69.94 percent to $8.18 million.
- Trade with No. 4 India rose 778.12 percent to $4.93 million.
There were no exports. Imports rose 778.12 percent to $4.93 million.
- Trade with No. 5 Australia rose 150681 percent to $4.72 million.
There were no exports. Imports rose 150681 percent to $4.72 million.
Port of Erie, Penn.’s top five trading partners through October accounted for 93.21 percent of its trade with the world.
Port of Erie, Penn. had trade surpluses with zero countries and deficits with 31 through October. That compares with six surpluses and 31 deficits for the same period one year earlier. The top three surpluses through October of this year were with Luxembourg, $0; Romania, $0; and Suriname, $0. The top three deficits through October of this year were with China, $32.46 million; Canada, $28.65 million; and Germany, $8.18 million.
Through October it’s top exports were Rubber conveyor or transmission belts; Uncoated paper, paperboard; Firearm parts and accessories; Taps, cocks and valves for pipes, tanks; and Cell phones, related equipment, in that order. Those accounted for 97.06 percent of its total outbound trade. The Port’s top imports were Aircraft, Spacecraft, Satellites; Train and locomotive parts; Electric motor, generator parts; Engine parts; and Miscellaneous machines, parts, accounting for 71.84 percent of all inbound shipments.
Looking more closely at Port of Erie, Penn.’s exports:
- Rubber conveyor or transmission belts totaled $251,655. The previous year, there were no exports in this category.
- Uncoated paper, paperboard totaled $24,239. The previous year, there were no exports in this category.
- Firearm parts and accessories totaled $9,451. The previous year, there were no exports in this category.
- Taps, cocks and valves for pipes, tanks totaled $8,699. The previous year, there were no exports in this category.
- Cell phones, related equipment totaled $4,280. The previous year, there were no exports in this category.
On the import side:
- Aircraft, Spacecraft, Satellites totaled $28.24 million. The previous year, there were no imports in this category.
- Train and locomotive parts rose 315.35 percent compared to last year to $12.77 million.
- Electric motor, generator parts rose 1055.29 percent compared to last year to $7.22 million.
- Engine parts rose 61.28 percent compared to last year to $6.88 million.
- Miscellaneous machines, parts totaled $5.99 million. The previous year, there were no imports in this category.
Last year Port of Erie, Penn. posted total trade with the world of $94.37 million. The Port’s deficit was $90.57 million . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $1.9 million and imports came to $92.47 million.