|1||Antennas for radio, TV, parts||$84.95 M|
|2||Civilian aircraft, parts||$57.74 M|
|3||Cell phones, related equipment||$14.9 M|
|4||Bombs, grenades, cartridges, parts||$14 M|
|5||Fruit, nuts, prepared or preserved||$13.34 M|
|6||Misc. coated paper, paperboard||$10.7 M|
|7||Medical equipment for physicals||$6.3 M|
|8||Taps, cocks and valves for pipes, tanks||$4.7 M|
|9||Military weapons, excluding pistols||$3.95 M|
|10||Misc. medical chemical re-agents||$3.37 M|
|1||Gasoline, other fuels||$425.03 M|
|2||Fish fillets, chilled or frozen||$58.41 M|
|3||Shrimp, other crustaceans||$23.71 M|
|4||Frozen fish||$12.8 M|
|5||Natural waters||$10.96 M|
|6||Petroleum products||$9.04 M|
|7||Lifting, handling, loading, unloading machines||$7.03 M|
|8||Caviar, caviar substitutes, other prepared fish||$6.79 M|
|9||Parts for heavy machinery||$6.25 M|
|10||Ferroalloys 7202||$5.43 M|
Port of Portland, Maine’s trade decreases 0.02 percent through May
Port of Portland, Maine’s trade with the world fell 0.02 percent, from $968.34 million to $968.11 million through the first five months of 2020 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 $1.48 trillion, with exports at $582.11 billion and imports at $898.44 billion. The nation’s total trade decreased 13.61 percent compared to the same period last year. Exports fell 15.09 percent and imports fell 12.63 percent.
Port of Portland, Maine ranked No. 119 for total trade among the nation’s roughly 450 airports, seaports and border crossings through May of 2020.
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 May Port of Portland, Maine’s top trade partners were No. 1 Canada, No. 2 Norway, No. 3 Iceland, No. 4 The Netherlands and No. 5 Germany. Through the same period of the previous year, the top trade partners were held by Canada, Iceland, The Netherlands, Germany and Norway, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 15.49 percent to $497.99 million.
Exports fell 87.92 percent to $69.11 million. Imports rose 2420.96 percent to $428.88 million.
- Trade with No. 2 Norway rose 183.22 percent to $137.36 million.
Exports rose 190 percent to $110.08 million. Imports rose 158.78 percent to $27.28 million.
- Trade with No. 3 Iceland fell 5.25 percent to $85.01 million.
Exports fell 78.15 percent to $16.39 million. Imports rose 366.67 percent to $68.62 million.
- Trade with No. 4 The Netherlands fell 12.87 percent to $47.08 million.
Exports rose 114.03 percent to $35.71 million. Imports fell 69.55 percent to $11.38 million.
- Trade with No. 5 Germany fell 7.11 percent to $46.41 million.
Exports fell 58.63 percent to $12.34 million. Imports rose 69.32 percent to $34.07 million.
Port of Portland, Maine’s top five trading partners through May accounted for 84.07 percent of its trade with the world.
Port of Portland, Maine had trade surpluses with 29 countries and deficits with 34 through May. That compares with 29 surpluses and 21 deficits for the same period one year earlier. The top three surpluses through May of this year were with Norway, $82.8 million; The Netherlands, $24.33 million; and Belgium, $10.39 million. The top three deficits through May of this year were with Canada, $359.78 million; Iceland, $52.23 million; and Germany, $21.72 million.
Through May its top exports were Antennas for radio, TV, parts; Civilian aircraft, parts; Cell phones, related equipment; Bombs, grenades, cartridges, parts; and Fruit, nuts, prepared or preserved, in that order. Those accounted for 66.06 percent of its total outbound trade. The Port’s top imports were Gasoline, other fuels; Fish fillets, chilled or frozen; Shrimp, other crustaceans; Frozen fish; and Natural waters, accounting for 77.15 percent of all inbound shipments.
Looking more closely at Port of Portland, Maine’s exports:
- Antennas for radio, TV, parts rose 355972 percent compared to last year to $84.95 million.
- Civilian aircraft, parts rose 1174.74 percent compared to last year to $57.74 million.
- Cell phones, related equipment rose 109536 percent compared to last year to $14.9 million.
- Bombs, grenades, cartridges, parts rose 4.32 percent compared to last year to $14 million.
- Fruit, nuts, prepared or preserved fell 12.05 percent compared to last year to $13.34 million.
On the import side:
- Gasoline, other fuels fell 21.64 percent compared to last year to $425.03 million.
- Fish fillets, chilled or frozen fell 9.05 percent compared to last year to $58.41 million.
- Shrimp, other crustaceans rose 67.13 percent compared to last year to $23.71 million.
- Frozen fish rose 13.85 percent compared to last year to $12.8 million.
- Natural waters rose 4.27 percent compared to last year to $10.96 million.
Last year Port of Portland, Maine posted total trade with the world of $2.54 billion. The Port’s deficit was $1.87 billion. Exports totaled $336.61 million and imports came to $2.2 billion.