|1||Motor vehicles for transporting people||$1.11 B|
|2||Potassic fertilizers||$631.45 M|
|5||Ethyl alcohol||$96.85 M|
|6||Commercial vehicles||$91.65 M|
|7||Scrap iron, steel||$39.08 M|
|1||Motor vehicles for transporting people||$4.35 B|
|2||Gasoline, other fuels||$158.19 M|
|3||Nitrogenous fertilizers||$61.57 M|
|4||Value added to a returned import||$21.25 M|
|5||Machinery, parts for semiconductor manufacturing||$20.1 M|
|6||Misc. iron, steel tubes, pipes||$19.69 M|
|7||Portland, aluminous and slag cement||$18.02 M|
|8||Cell phones, related equipment||$14.39 M|
|9||Misc. iron or steel structures and parts||$11.89 M|
|10||Medical technology||$11 M|
Port of Portland, Ore.’s trade decreases 4.64 percent through August
Port of Portland, Ore.’s trade with the world fell 4.64 percent, from $8.32 billion to $7.94 billion through the first eight 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 $2.77 trillion, with exports at $1.1 trillion and imports at $1.67 trillion. The nation’s total trade decreased 0.32 percent compared to the same period last year. Exports fell 0.71 percent and imports fell 0.07 percent.
Port of Portland, Ore. ranked No. 66 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August 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; Chicago O’Hare International Airport; Port of Newark and John F. Kennedy International Airport.
Through August Port of Portland, Ore.’s top trade partners were No. 1 Japan, No. 2 South Korea, No. 3 China, No. 4 India and No. 5 Brazil. Through the same period of the previous year, the top trade partners were held by Japan, China, South Korea, India and Philippines, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Japan fell 10.87 percent to $3.25 billion.
Exports fell 23.65 percent to $240.29 million. Imports fell 9.66 percent to $3.01 billion.
- Trade with No. 2 South Korea rose 30.75 percent to $1.66 billion.
Exports rose 9.4 percent to $532.86 million. Imports rose 44.01 percent to $1.13 billion.
- Trade with No. 3 China fell 25.96 percent to $1.12 billion.
Exports fell 17.15 percent to $1.07 billion. Imports fell 75.73 percent to $55.45 million.
- Trade with No. 4 India fell 23.49 percent to $185.02 million.
Exports rose 29.27 percent to $29.52 million. Imports fell 28.99 percent to $155.5 million.
- Trade with No. 5 Brazil fell 10.73 percent to $155.78 million.
Exports fell 5.63 percent to $155.65 million. Imports fell 98.65 percent to $129,272.
Port of Portland, Ore.’s top five trading partners through August accounted for 80.3 percent of its trade with the world.
Port of Portland, Ore. had trade surpluses with 36 countries and deficits with 46 through August. That compares with 36 surpluses and 52 deficits for the same period one year earlier. The top three surpluses through August of this year were with China, $1.01 billion; Brazil, $155.52 million; and Philippines, $145.93 million. The top three deficits through August of this year were with Japan, $2.76 billion; South Korea, $596.84 million; and Mexico, $130.76 million.
Through August its top exports were Motor vehicles for transporting people; Potassic fertilizers; Carbonates; Wheat; and Ethyl alcohol, in that order. Those accounted for 92.5 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Gasoline, other fuels; Nitrogenous fertilizers; Value added to a returned import; and Machinery, parts for semiconductor manufacturing, accounting for 95.24 percent of all inbound shipments.
Looking more closely at Port of Portland, Ore.’s exports:
- Motor vehicles for transporting people fell 0.38 percent compared to last year to $1.11 billion.
- Potassic fertilizers rose 9.71 percent compared to last year to $631.45 million.
- Carbonates rose 19.85 percent compared to last year to $570.21 million.
- Wheat fell 37.33 percent compared to last year to $458 million.
- Ethyl alcohol rose 34.25 percent compared to last year to $96.85 million.
On the import side:
- Motor vehicles for transporting people rose 2.02 percent compared to last year to $4.35 billion.
- Gasoline, other fuels rose 12.68 percent compared to last year to $158.19 million.
- Nitrogenous fertilizers rose 16.38 percent compared to last year to $61.57 million.
- Value added to a returned import fell 69.7 percent compared to last year to $21.25 million.
- Machinery, parts for semiconductor manufacturing fell 68.65 percent compared to last year to $20.1 million.
Last year Port of Portland, Ore. posted total trade with the world of $12.43 billion. The Port’s deficit was $2.31 billion. At the end of the year, the port’s top five trade partners were Japan, South Korea, China, India and Philippines. Exports totaled $5.06 billion and imports came to $7.37 billion.