|3||Self-propelled heavy construction machinery||$8.52 M|
|4||Transmission shafts, bearings, gears||$8.42 M|
|5||Parts for heavy machinery||$6.22 M|
|6||Medical instruments for surgeons, dentists, vets||$5.36 M|
|7||Civilian aircraft, parts||$4.51 M|
|8||Unrecorded media for audio||$2.07 M|
|9||Ethyl alcohol||$2.07 M|
|10||Ball bearings, roller bearings, parts||$1.32 M|
|1||Flat-rolled iron, steel not under 600 mm||$69.21 M|
|2||Transmission shafts, bearings, gears||$45.06 M|
|3||Motor vehicle parts||$32.47 M|
|4||Hot-rolled flat iron, non-alloy steel||$24.4 M|
|5||Various forms of salt||$19.83 M|
|6||Diesel engines||$18.34 M|
|7||Value added to a returned import||$9.27 M|
|8||Misc. steel bars||$7.31 M|
|9||Fl-Rl Iron & Na Steel Nun600Mm Wd Cold-Rl, No 7209||$6.31 M|
|10||Angles, shapes, sections, iron and nonalloy steel||$5.76 M|
Port of Milwaukee, Wisc.’s trade decreases 1.22 percent through October
Port of Milwaukee, Wisc.’s trade with the world fell 1.22 percent, from $378.96 million to $374.32 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 Milwaukee, Wisc. ranked No. 173 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. 171. It finished No. 169 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 Milwaukee, Wisc.’s top trade parters were No. 1 The Netherlands, No. 2 Italy, No. 3 Canada, No. 4 China and No. 5 Germany . Through the same period of the previous year, the top trade partners were held by The Netherlands, Chile, China, Italy and Canada, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 The Netherlands rose 28.75 percent to $85.07 million.
Exports rose 42463 percent to $21.01 million. Imports fell 2.97 percent to $64.06 million.
- Trade with No. 2 Italy rose 27 percent to $51.57 million.
Exports fell 99.07 percent to $75,475. Imports rose 58.3 percent to $51.49 million.
- Trade with No. 3 Canada rose 25.86 percent to $48.8 million.
Exports rose 54.57 percent to $5.96 million. Imports rose 22.69 percent to $42.84 million.
- Trade with No. 4 China fell 43.98 percent to $32.5 million.
Exports rose 160.15 percent to $2.64 million. Imports fell 47.62 percent to $29.86 million.
- Trade with No. 5 Germany fell 24.1 percent to $25.09 million.
Exports rose 316.01 percent to $2.07 million. Imports fell 29.3 percent to $23.02 million.
Port of Milwaukee, Wisc.’s top five trading partners through October accounted for 64.93 percent of its trade with the world.
Port of Milwaukee, Wisc. had trade surpluses with 28 countries and deficits with 34 through October. That compares with 35 surpluses and 32 deficits for the same period one year earlier. The top three surpluses through October of this year were with Chile, $19.34 million; Tunisia, $12.24 million; and South Africa, $7.95 million. The top three deficits through October of this year were with Italy, $51.42 million; The Netherlands, $43.05 million; and Canada, $36.87 million.
Through October it’s top exports were Corn; Soybeans; Self-propelled heavy construction machinery; Transmission shafts, bearings, gears; and Parts for heavy machinery, in that order. Those accounted for 69.96 percent of its total outbound trade. The Port’s top imports were Flat-rolled iron, steel not under 600 mm; Transmission shafts, bearings, gears; Motor vehicle parts; Hot-rolled flat iron, non-alloy steel; and Various forms of salt, accounting for 67.05 percent of all inbound shipments.
Looking more closely at Port of Milwaukee, Wisc.’s exports:
- Corn rose 11.22 percent compared to last year to $22 million.
- Soybeans rose 64.28 percent compared to last year to $17.45 million.
- Self-propelled heavy construction machinery fell 55.67 percent compared to last year to $8.52 million.
- Transmission shafts, bearings, gears fell 27.28 percent compared to last year to $8.42 million.
- Parts for heavy machinery fell 52.64 percent compared to last year to $6.22 million.
On the import side:
- Flat-rolled iron, steel not under 600 mm fell 6.36 percent compared to last year to $69.21 million.
- Transmission shafts, bearings, gears rose 89.47 percent compared to last year to $45.06 million.
- Motor vehicle parts rose 20.52 percent compared to last year to $32.47 million.
- Hot-rolled flat iron, non-alloy steel rose 33.96 percent compared to last year to $24.4 million.
- Various forms of salt rose 8.87 percent compared to last year to $19.83 million.
Last year Port of Milwaukee, Wisc. posted total trade with the world of $421 million. The Port’s deficit was $109 million . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $156 million and imports came to $265 million.