|1||Potassic fertilizers||$456.85 M|
|4||Passenger vehicles||$283.08 M|
|5||Ethyl alcohol||$64.08 M|
|6||Commercial vehicles||$34.4 M|
|7||Scrap iron, steel||$23.68 M|
|8||Hay, including alfalfa hay, etc.||$17.76 M|
|10||Gasoline, other fuels||$9.74 M|
|1||Passenger vehicles||$2.17 B|
|2||Gasoline, other fuels||$49.93 M|
|3||Nitrogenous fertilizers||$42.63 M|
|4||Commercial vehicles||$36.59 M|
|5||Portland, aluminous and slag cement||$15.27 M|
|6||Printers, all types, parts||$11.41 M|
|7||Rubber tires||$7.68 M|
|8||Machinery, parts for semiconductor manufacturing||$7.28 M|
|9||Biodiesel fuels||$7.27 M|
Port of Portland, Ore.’s trade decreases 30.85 percent through June
Port of Portland, Ore.’s trade with the world fell 30.85 percent, from $6.06 billion to $4.19 billion through the first six 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 $1.77 trillion, with exports at $687.16 billion and imports at $1.08 trillion. The nation’s total trade decreased 14.28 percent compared to the same period last year. Exports fell 16.57 percent and imports fell 12.75 percent.
Port of Portland, Ore. ranked No. 67 for total trade among the nation’s roughly 450 airports, seaports and border crossings through June 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 June Port of Portland, Ore.’s top trade partners were No. 1 Japan, No. 2 South Korea, No. 3 China, No. 4 Mexico and No. 5 Brazil. Through the same period of the previous year, the top trade partners were held by Japan, South Korea, China, India and Philippines, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Japan fell 46.02 percent to $1.4 billion.
Exports fell 28.15 percent to $159.78 million. Imports fell 47.69 percent to $1.24 billion.
- Trade with No. 2 South Korea fell 4.07 percent to $1.19 billion.
Exports fell 5.33 percent to $376.35 million. Imports fell 3.47 percent to $808.74 million.
- Trade with No. 3 China fell 45.74 percent to $434.08 million.
Exports fell 59.99 percent to $302.74 million. Imports rose 203.39 percent to $131.34 million.
- Trade with No. 4 Mexico rose 168.1 percent to $187.95 million.
Exports rose 4.41 percent to $7.16 million. Imports rose 185.84 percent to $180.79 million.
- Trade with No. 5 Brazil rose 9.76 percent to $130.5 million.
Exports rose 9.87 percent to $130.5 million. Imports fell 96.01 percent to $4,540.
Port of Portland, Ore.’s top five trading partners through June accounted for 79.68 percent of its trade with the world.
Port of Portland, Ore. had trade surpluses with 39 countries and deficits with 42 through June. That compares with 34 surpluses and 45 deficits for the same period one year earlier. The top three surpluses through June of this year were with China, $171.4 million; Brazil, $130.49 million; and Philippines, $84.08 million. The top three deficits through June of this year were with Japan, $1.08 billion; South Korea, $432.39 million; and Mexico, $173.63 million.
Through June its top exports were Potassic fertilizers; Wheat; Carbonates; Passenger vehicles; and Ethyl alcohol, in that order. Those accounted for 90.33 percent of its total outbound trade. The Port’s top imports were Passenger vehicles; Gasoline, other fuels; Nitrogenous fertilizers; Commercial vehicles; and Portland, aluminous and slag cement, accounting for 90.3 percent of all inbound shipments.
Looking more closely at Port of Portland, Ore.’s exports:
- Potassic fertilizers fell 9.21 percent compared to last year to $456.85 million.
- Wheat fell 18.8 percent compared to last year to $337.5 million.
- Carbonates fell 20.05 percent compared to last year to $331.68 million.
- Passenger vehicles fell 63.53 percent compared to last year to $283.08 million.
- Ethyl alcohol fell 16.95 percent compared to last year to $64.08 million.
On the import side:
- Passenger vehicles fell 34.61 percent compared to last year to $2.17 billion.
- Gasoline, other fuels fell 50.09 percent compared to last year to $49.93 million.
- Nitrogenous fertilizers fell 29.74 percent compared to last year to $42.63 million.
- Commercial vehicles totaled $36.59 million. The previous year, there were no imports in this category.
- Portland, aluminous and slag cement rose 23.62 percent compared to last year to $15.27 million.
Last year Port of Portland, Ore. posted total trade with the world of $11.37 billion. The Port’s deficit was $2.58 billion. Exports totaled $4.39 billion and imports came to $6.97 billion.