|1||Motor vehicles for transporting people||$1.39 B|
|3||Potassic fertilizers||$733.31 M|
|5||Commercial vehicles||$120.06 M|
|7||Ethyl alcohol||$85.48 M|
|9||Scrap iron, steel||$54.56 M|
|1||Motor vehicles for transporting people||$5.35 B|
|2||Gasoline, other fuels||$146.1 M|
|4||Machinery, parts for semiconductor manufacturing||$80.23 M|
|5||Value added to a returned import||$75.36 M|
|6||Nitrogenous fertilizers||$65.48 M|
|7||Medical technology||$23.6 M|
|8||Portland, aluminous and slag cement||$22.78 M|
|9||Misc. chemical elements used in electron, disc waf||$17.32 M|
|10||Bitumen and asphalt, shale and tar sands||$16.21 M|
Port of Portland, Ore.’s trade increases 12.34 percent through October
Port of Portland, Ore.’s trade with the world rose 12.34 percent, from $9.24 billion to $10.38 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 Portland, Ore. ranked No. 67 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. 64. It finished No. 63 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 Portland, Ore.’s top trade parters were No. 1 Japan, No. 2 China, No. 3 South Korea, No. 4 India and No. 5 Philippines . Through the same period of the previous year, the top trade partners were held by Japan, China, South Korea, Philippines and Indonesia, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Japan rose 22.43 percent to $4.49 billion.
Exports rose 1.15 percent to $386 million. Imports rose 24.9 percent to $4.1 billion.
- Trade with No. 2 China fell 16.83 percent to $1.82 billion.
Exports fell 23.72 percent to $1.53 billion. Imports rose 58.72 percent to $290.79 million.
- Trade with No. 3 South Korea rose 4.87 percent to $1.72 billion.
Exports rose 33.17 percent to $653.31 million. Imports fell 7.16 percent to $1.07 billion.
- Trade with No. 4 India rose 1534.91 percent to $295.57 million.
Exports rose 73.7 percent to $27.44 million. Imports rose 11654 percent to $268.13 million.
- Trade with No. 5 Philippines rose 5.27 percent to $222.41 million.
Exports rose 5.34 percent to $222.03 million. Imports fell 24.43 percent to $375,275.
Port of Portland, Ore.’s top five trading partners through October accounted for 82.46 percent of its trade with the world.
Port of Portland, Ore. had trade surpluses with 37 countries and deficits with 54 through October. That compares with 35 surpluses and 47 deficits for the same period one year earlier. The top three surpluses through October of this year were with China, $1.24 billion; Philippines, $221.66 million; and Brazil, $198.57 million. The top three deficits through October of this year were with Japan, $3.72 billion; South Korea, $417.77 million; and India, $240.69 million.
Through October it’s top exports were Motor vehicles for transporting people; Wheat; Potassic fertilizers; Carbonates; and Commercial vehicles, in that order. Those accounted for 89.7 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Gasoline, other fuels; Computers; Machinery, parts for semiconductor manufacturing; and Value added to a returned import, accounting for 93.37 percent of all inbound shipments.
Looking more closely at Port of Portland, Ore.’s exports:
- Motor vehicles for transporting people fell 31.05 percent compared to last year to $1.39 billion.
- Wheat rose 13.1 percent compared to last year to $915.87 million.
- Potassic fertilizers rose 32.78 percent compared to last year to $733.31 million.
- Carbonates rose 8.48 percent compared to last year to $608.48 million.
- Commercial vehicles rose 102.03 percent compared to last year to $120.06 million.
On the import side:
- Motor vehicles for transporting people rose 21.48 percent compared to last year to $5.35 billion.
- Gasoline, other fuels rose 107.41 percent compared to last year to $146.1 million.
- Computers rose 39.45 percent compared to last year to $116.06 million.
- Machinery, parts for semiconductor manufacturing rose 102.99 percent compared to last year to $80.23 million.
- Value added to a returned import rose 315.39 percent compared to last year to $75.36 million.
Last year Port of Portland, Ore. posted total trade with the world of $10.52 billion. The Port’s deficit was $2.74 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $3.89 billion and imports came to $6.63 billion.