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Port of Fairbanks, Alaska

Port of Fairbanks, Alaska’s trade totaled $23.51 million for the month of October, $51.08 million through October of 2018, and $64.91 million for all of 2017, the latest annual data available, according to U.S. Census Bureau data analyzed by WorldCity. Need more details? Read more

Click on any of the countries in the chart below to gain access to the specific exports and imports between that country and (port), how it compares to other ports for trade with that country, how that trade has changed over time, and much more. Data available both by value and tonnage. Download data. If you are not a subscriber, you can learn more by clicking on the subscribe link.

Top Trading Countries

RankPortYTD
1South Korea$23.48 M
2China$15.87 M
3Canada$8.26 M
4Singapore$3.35 M
5Norway$43,900
6France$40,842
7Russia$10,200
8Taiwan$6,709
9Hong Kong$5,628
10Mexico$4,959

Overall Rank

Port of Fairbanks, Alaska’s trade decreases 21.01 percent through October

Port of Fairbanks, Alaska’s trade with the world fell 21.01 percent, from $64.67 million to $51.08 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 Fairbanks, Alaska ranked No. 244 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. 237. It finished No. 241 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 Fairbanks, Alaska’s top trade parters were No. 1 South Korea, No. 2 China, No. 3 Canada, No. 4 Singapore and No. 5 Norway . Through the same period of the previous year, the top trade partners were held by South Korea, China, Canada, Singapore and Mexico, respectively.

Taking a closer look at its leading trade partners:

  • Trade with No. 1 South Korea fell 48.32 percent to $23.48 million.
    Exports totaled $23.47 million. Imports fell 99.97 percent to $14,338.
  • Trade with No. 2 China rose 7.18 percent to $15.87 million.
    Exports totaled $770,895. Imports rose 1.97 percent to $15.1 million.
  • Trade with No. 3 Canada rose 191.35 percent to $8.26 million.
    Exports rose 2561.46 percent to $4.6 million. Imports rose 37.41 percent to $3.66 million.
  • Trade with No. 4 Singapore rose 139.22 percent to $3.35 million.
    Exports rose 139.22 percent to $3.35 million. There were no imports.
  • Trade with No. 5 Norway totaled $43,900.
    Exports totaled $43,900. There were no imports.

Port of Fairbanks, Alaska’s top five trading partners through October accounted for 99.86 percent of its trade with the world.

Port of Fairbanks, Alaska had trade surpluses with nine countries and deficits with two through October. That compares with five surpluses and three deficits for the same period one year earlier. The top three surpluses through October of this year were with South Korea, $23.45 million; Singapore, $3.35 million; and Canada, $943,645. The top three deficits through October of this year were with China, $14.33 million; France, $16,924; and Indonesia, $0.

Through October it’s top exports were Defense-related aircraft, parts; Taps, cocks and valves for pipes, tanks; Electric generating sets, rotary converters; Parts for heavy machinery; and Value added to a returned import, in that order. Those accounted for 95.36 percent of its total outbound trade. The Port’s top imports were Value added to a returned import; Taps, cocks and valves for pipes, tanks; Instruments to measure flow levels, parts; Imitation jewelry; and Sutures, dental cements, etc., accounting for 99.95 percent of all inbound shipments.

Looking more closely at Port of Fairbanks, Alaska’s exports:

  • Defense-related aircraft, parts totaled $23.46 million. The previous year, there were no exports in this category.
  • Taps, cocks and valves for pipes, tanks rose 226.13 percent compared to last year to $2.83 million.
  • Electric generating sets, rotary converters totaled $2.22 million. The previous year, there were no exports in this category.
  • Parts for heavy machinery rose 39563 percent compared to last year to $1.52 million.
  • Value added to a returned import totaled $757,573. The previous year, there were no exports in this category.

On the import side:

  • Value added to a returned import rose 24.68 percent compared to last year to $18.65 million.
  • Taps, cocks and valves for pipes, tanks rose 2699.59 percent compared to last year to $88,075.
  • Instruments to measure flow levels, parts rose 448.79 percent compared to last year to $28,883.
  • Imitation jewelry totaled $15,466. The previous year, there were no imports in this category.
  • Sutures, dental cements, etc. rose 36.27 percent compared to last year to $8,029.

Last year Port of Fairbanks, Alaska posted total trade with the world of $16.42 million. The Port’s deficit was $14.12 million . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $1.15 million and imports came to $15.27 million.