|2||Ethyl alcohol||$6.56 M|
|3||Civilian aircraft, parts||$6.34 M|
|4||Medical instruments for surgeons, dentists, vets||$6.15 M|
|5||Transmission shafts, bearings, gears||$2.32 M|
|6||Power supplies, transformers||$1.58 M|
|7||Unrecorded media for audio||$1.28 M|
|8||Parts for heavy machinery||$869,338|
|9||Iron or steel tube or pipe fittings||$387,005|
|10||Orthopedic appliances, artificial body parts||$335,805|
|1||Flat-rolled iron, steel not under 600 mm||$84.66 M|
|2||Transmission shafts, bearings, gears||$41.24 M|
|3||Motor vehicle parts||$30.77 M|
|4||Various forms of salt||$26.66 M|
|5||Internal combustion engines||$16.13 M|
|6||Hot-rolled flat iron, non-alloy steel||$14.34 M|
|7||Value added to a returned import||$7.76 M|
|8||Electric motors, generators, not sets||$5.03 M|
|9||Misc. flat rolled steel alloy more than 600mm||$5.02 M|
|10||Industrial or laboratory furnaces, parts||$4.04 M|
Port of Milwaukee, Wisc.’s trade increases 6.16 percent through September
Port of Milwaukee, Wisc.’s trade with the world rose 6.16 percent, from $306.64 million to $325.54 million through the first nine 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 $3.11 trillion, with exports at $1.23 trillion and imports at $1.88 trillion. The nation’s total trade decreased 0.61 percent compared to the same period last year. Exports fell 1.01 percent and imports fell 0.35 percent.
Port of Milwaukee, Wisc. ranked No. 173 for total trade among the nation’s roughly 450 airports, seaports and border crossings through September 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 September Port of Milwaukee, Wisc.’s top trade partners were No. 1 The Netherlands, No. 2 Canada, No. 3 Italy, No. 4 China and No. 5 Germany. Through the same period of the previous year, the top trade partners were held by The Netherlands, Italy, Canada, China and Chile, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 The Netherlands rose 11.84 percent to $82.44 million.
Exports fell 98.23 percent to $371,817. Imports rose 55.73 percent to $82.06 million.
- Trade with No. 2 Canada rose 71.6 percent to $63.2 million.
Exports rose 393.17 percent to $17.62 million. Imports rose 37.05 percent to $45.58 million.
- Trade with No. 3 Italy rose 7.27 percent to $47.83 million.
Exports rose 150.86 percent to $182,754. Imports rose 7.03 percent to $47.65 million.
- Trade with No. 4 China rose 18.3 percent to $35.04 million.
Exports fell 55.51 percent to $1.01 million. Imports rose 24.44 percent to $34.03 million.
- Trade with No. 5 Germany rose 6.65 percent to $22.12 million.
Exports fell 50.24 percent to $964,318. Imports rose 12.52 percent to $21.16 million.
Port of Milwaukee, Wisc.’s top five trading partners through September accounted for 76.99 percent of its trade with the world.
Port of Milwaukee, Wisc. had trade surpluses with 21 countries and deficits with 38 through September. That compares with 26 surpluses and 34 deficits for the same period one year earlier. The top three surpluses through September of this year were with France, $14.68 million; Spain, $7.65 million; and Chile, $1.93 million. The top three deficits through September of this year were with The Netherlands, $81.69 million; Italy, $47.46 million; and China, $33.01 million.
Through September its top exports were Soybeans; Ethyl alcohol; Civilian aircraft, parts; Medical instruments for surgeons, dentists, vets; and Transmission shafts, bearings, gears, in that order. Those accounted for 82.53 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; Various forms of salt; and Internal combustion engines, accounting for 72.8 percent of all inbound shipments.
Looking more closely at Port of Milwaukee, Wisc.’s exports:
- Soybeans rose 21.37 percent compared to last year to $21.18 million.
- Ethyl alcohol totaled $6.56 million. The previous year, there were no exports in this category.
- Civilian aircraft, parts rose 40.62 percent compared to last year to $6.34 million.
- Medical instruments for surgeons, dentists, vets rose 36.33 percent compared to last year to $6.15 million.
- Transmission shafts, bearings, gears fell 72.36 percent compared to last year to $2.32 million.
On the import side:
- Flat-rolled iron, steel not under 600 mm rose 49.41 percent compared to last year to $84.66 million.
- Transmission shafts, bearings, gears rose 4.93 percent compared to last year to $41.24 million.
- Motor vehicle parts rose 3.95 percent compared to last year to $30.77 million.
- Various forms of salt rose 47.55 percent compared to last year to $26.66 million.
- Internal combustion engines fell 3.36 percent compared to last year to $16.13 million.
Last year Port of Milwaukee, Wisc. posted total trade with the world of $451.84 million. The Port’s deficit was $252.97 million. At the end of the year, the port’s top five trade partners were The Netherlands, Italy, Canada, China and Germany. Exports totaled $99.43 million and imports came to $352.41 million.