|1||Misc. iron or steel structures and parts||$7.49 M|
|2||Fruit, nuts, prepared or preserved||$7.14 M|
|3||Photo-sensitive semi-conductors, parts||$5.07 M|
|4||Bombs, grenades, cartridges, parts||$4.66 M|
|5||Misc. coated paper, paperboard||$4.18 M|
|6||Rum, gin, vodka, other liquors||$2.3 M|
|8||Medical equipment for physicals||$1.39 M|
|9||Taps, cocks and valves for pipes, tanks||$1.29 M|
|10||Mussels, scallops, other mollusks||$1.07 M|
Port of Portland, Maine’s trade decreases 17.34 percent through February
Port of Portland, Maine’s trade with the world fell 17.34 percent, from $407.05 million to $336.45 million through the first two 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 $650.55 billion, with exports at $260.05 billion and imports at $390.5 billion. The nation’s total trade increased 1.11 percent compared to the same period last year. Exports rose 2.61 percent and imports rose 0.14 percent.
Port of Portland, Maine ranked No. 123 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February 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; Port of Newark; John F. Kennedy International Airport and Chicago O’Hare International Airport.
Through February Port of Portland, Maine’s top trade parters were No. 1 Canada, No. 2 Iceland, No. 3 Norway, No. 4 Germany and No. 5 The Netherlands . Through the same period of the previous year, the top trade partners were held by Canada, Iceland, Norway, Germany and The Netherlands, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 29.09 percent to $201.74 million.
Exports fell 18.31 percent to $4.87 million. Imports fell 29.32 percent to $196.87 million.
- Trade with No. 2 Iceland fell 4.47 percent to $32.14 million.
Exports fell 8.61 percent to $4.41 million. Imports fell 3.78 percent to $27.72 million.
- Trade with No. 3 Norway rose 31.87 percent to $25.04 million.
Exports rose 188.36 percent to $8.58 million. Imports rose 2.79 percent to $16.46 million.
- Trade with No. 4 Germany rose 16.05 percent to $18.12 million.
Exports rose 18.91 percent to $10.44 million. Imports rose 12.38 percent to $7.68 million.
- Trade with No. 5 The Netherlands rose 7.08 percent to $14.65 million.
Exports fell 5.49 percent to $12.74 million. Imports rose 859.67 percent to $1.91 million.
Port of Portland, Maine’s top five trading partners through February accounted for 86.69 percent of its trade with the world.
Port of Portland, Maine had trade surpluses with 22 countries and deficits with 22 through February. That compares with 14 surpluses and 25 deficits for the same period one year earlier. The top three surpluses through February of this year were with The Netherlands, $10.83 million; Belgium, $4.21 million; and Germany, $2.76 million. The top three deficits through February of this year were with Canada, $192 million; Iceland, $23.31 million; and Norway, $7.88 million.
Through February it’s top exports were Misc. iron or steel structures and parts; Fruit, nuts, prepared or preserved; Photo-sensitive semi-conductors, parts; Bombs, grenades, cartridges, parts; and Misc. coated paper, paperboard, in that order. Those accounted for 51.72 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 Coal, briquettes, accounting for 82.63 percent of all inbound shipments.
Looking more closely at Port of Portland, Maine’s exports:
- Misc. iron or steel structures and parts rose 169068 percent compared to last year to $7.49 million.
- Fruit, nuts, prepared or preserved rose 42.41 percent compared to last year to $7.14 million.
- Photo-sensitive semi-conductors, parts fell 41.62 percent compared to last year to $5.07 million.
- Bombs, grenades, cartridges, parts rose 585.81 percent compared to last year to $4.66 million.
- Misc. coated paper, paperboard rose 53.23 percent compared to last year to $4.18 million.
On the import side:
- Gasoline, other fuels fell 32.15 percent compared to last year to $194.69 million.
- Fish fillets, chilled or frozen fell 18.49 percent compared to last year to $20.79 million.
- Shrimp, other crustaceans rose 122.33 percent compared to last year to $6.86 million.
- Frozen fish rose 2.05 percent compared to last year to $5.56 million.
- Coal, briquettes totaled $4.5 million. The previous year, there were no imports in this category.
Last year Port of Portland, Maine posted total trade with the world of $0. The Port’s deficit was $0 . At the end of the year, the port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $0 and imports came to $0.