|1||Various forms of salt||$927,518|
|2||Lamp and lighting parts||$273,840|
|3||Value added to a returned import||$271,005|
|4||Unrecorded media for audio||$69,800|
|5||Taps, cocks and valves for pipes, tanks||$33,939|
|6||Miscellaneous machine parts||$33,770|
|7||Misc. plastic articles||$22,138|
|8||Instruments to measure flow levels, parts||$19,801|
|9||Miscellaneous electrical machinery||$19,054|
|10||Miscellaneous machines, parts||$16,907|
|2||Electrical boards, panels and switches||$56.61 M|
|3||Power supplies, transformers||$53.46 M|
|4||Electrical supplies, apparatus, less than 1000V||$46.27 M|
|5||Parts for electrical supplies||$16 M|
|6||Cell phones, related equipment||$14.61 M|
|7||Transmission shafts, bearings, gears||$9.48 M|
|8||Electric motors, generators, not sets||$7.59 M|
|9||Insulated wire, cable||$5.6 M|
|10||Photo-sensitive semi-conductors, parts||$3.32 M|
Port of Peoria, Ill.’s trade increases 35.51 percent through October
Port of Peoria, Ill.’s trade with the world rose 35.51 percent, from $8.1 billion to $10.98 billion 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 Peoria, Ill. ranked No. 65 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. 68. It finished No. 67 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 Peoria, Ill.’s top trade parters were No. 1 Canada, No. 2 China, No. 3 Mexico, No. 4 Singapore and No. 5 Malaysia . Through the same period of the previous year, the top trade partners were held by Canada, Mexico, China, Malaysia and Singapore, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada rose 34.8 percent to $10.75 billion.
Exports fell 90.01 percent to $1.29 million. Imports rose 35 percent to $10.75 billion.
- Trade with No. 2 China rose 122.46 percent to $61.27 million.
Exports rose 623.46 percent to $22,138. Imports rose 122.4 percent to $61.25 million.
- Trade with No. 3 Mexico fell 18.63 percent to $53.42 million.
Exports totaled $52,824. Imports fell 18.71 percent to $53.37 million.
- Trade with No. 4 Singapore rose 628.89 percent to $40.88 million.
Exports totaled $26,279. Imports rose 628.42 percent to $40.85 million.
- Trade with No. 5 Malaysia rose 46.99 percent to $19.23 million.
There were no exports. Imports rose 46.99 percent to $19.23 million.
Port of Peoria, Ill.’s top five trading partners through October accounted for 99.53 percent of its trade with the world.
Port of Peoria, Ill. had trade surpluses with zero countries and deficits with 33 through October. That compares with one surpluses and 33 deficits for the same period one year earlier. The top three surpluses through October of this year were with Bulgaria, $0; Philippines, $0; and Tunisia, $0. The top three deficits through October of this year were with Canada, $10.75 billion; China, $61.22 million; and Mexico, $53.31 million.
Through October it’s top exports were Various forms of salt; Lamp and lighting parts; Value added to a returned import; Unrecorded media for audio; and Taps, cocks and valves for pipes, tanks, in that order. Those accounted for 90.12 percent of its total outbound trade. The Port’s top imports were Oil; Electrical boards, panels and switches; Power supplies, transformers; Electrical supplies, apparatus, less than 1000V; and Parts for electrical supplies, accounting for 99.5 percent of all inbound shipments.
Looking more closely at Port of Peoria, Ill.’s exports:
- Various forms of salt totaled $927,518. The previous year, there were no exports in this category.
- Lamp and lighting parts rose 4433.02 percent compared to last year to $273,840.
- Value added to a returned import rose 126.93 percent compared to last year to $271,005.
- Unrecorded media for audio totaled $69,800. The previous year, there were no exports in this category.
- Taps, cocks and valves for pipes, tanks totaled $33,939. The previous year, there were no exports in this category.
On the import side:
- Oil rose 36.99 percent compared to last year to $10.75 billion.
- Electrical boards, panels and switches rose 110.75 percent compared to last year to $56.61 million.
- Power supplies, transformers rose 95.82 percent compared to last year to $53.46 million.
- Electrical supplies, apparatus, less than 1000V rose 153.93 percent compared to last year to $46.27 million.
- Parts for electrical supplies rose 1073.57 percent compared to last year to $16 million.
Last year Port of Peoria, Ill. posted total trade with the world of $7.3 billion. The Port’s deficit was $7.3 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $1.26 million and imports came to $7.3 billion.