|1||Potassic fertilizers||$523.15 M|
|4||Passenger vehicles||$337.02 M|
|5||Ethyl alcohol||$64.08 M|
|6||Commercial vehicles||$41.16 M|
|7||Scrap iron, steel||$23.75 M|
|8||Hay, including alfalfa hay, etc.||$19.35 M|
|10||Seeds, fruits and spores, for sowing||$10.19 M|
|1||Passenger vehicles||$2.43 B|
|2||Commercial vehicles||$73.5 M|
|3||Gasoline, other fuels||$54.28 M|
|4||Nitrogenous fertilizers||$44.27 M|
|5||Printers, all types, parts||$20.14 M|
|6||Portland, aluminous and slag cement||$18.26 M|
|7||Dried fruit and nuts||$9.36 M|
|8||Rubber tires||$9.34 M|
|9||Machinery, parts for semiconductor manufacturing||$8.73 M|
Port of Portland, Ore.’s trade decreases 32.02 percent through July
Port of Portland, Ore.’s trade with the world fell 32.02 percent, from $7.1 billion to $4.83 billion through the first seven 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 $2.08 trillion, with exports at $799.82 billion and imports at $1.28 trillion. The nation’s total trade decreased 13.79 percent compared to the same period last year. Exports fell 16.38 percent and imports fell 12.08 percent.
Port of Portland, Ore. ranked No. 67 for total trade among the nation’s roughly 450 airports, seaports and border crossings through July of 2020. During the same period of 2019 it ranked No. 66. It finished No. 67 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; Chicago O’Hare International Airport; John F. Kennedy International Airport; Port Laredo and Port of Newark.
Through July 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 Taiwan, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Japan fell 52.43 percent to $1.4 billion.
Exports fell 28.42 percent to $159.78 million. Imports fell 54.4 percent to $1.24 billion.
- Trade with No. 2 South Korea fell 20.34 percent to $1.19 billion.
Exports fell 19.55 percent to $376.35 million. Imports fell 20.7 percent to $808.74 million.
- Trade with No. 3 China fell 55.07 percent to $434.08 million.
Exports fell 67 percent to $302.74 million. Imports rose 168.97 percent to $131.34 million.
- Trade with No. 4 Mexico rose 131.81 percent to $187.95 million.
Exports fell 27.57 percent to $7.16 million. Imports rose 153.93 percent to $180.79 million.
- Trade with No. 5 Brazil fell 9.75 percent to $130.5 million.
Exports fell 9.67 percent to $130.5 million. Imports fell 96.49 percent to $4,540.
Port of Portland, Ore.’s top five trading partners through July 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 July. That compares with 35 surpluses and 46 deficits for the same period one year earlier. The top three surpluses through July of this year were with China, $171.4 million; Brazil, $130.49 million; and Philippines, $84.08 million. The top three deficits through July of this year were with Japan, $1.08 billion; South Korea, $432.39 million; and Mexico, $173.63 million.
Through July its top exports were Potassic fertilizers; Wheat; Carbonates; Passenger vehicles; and Ethyl alcohol, in that order. Those accounted for 90.88 percent of its total outbound trade. The Port’s top imports were Passenger vehicles; Commercial vehicles; Gasoline, other fuels; Nitrogenous fertilizers; and Printers, all types, parts, accounting for 89.44 percent of all inbound shipments.
Looking more closely at Port of Portland, Ore.’s exports:
- Potassic fertilizers fell 7.23 percent compared to last year to $523.15 million.
- Wheat fell 2.61 percent compared to last year to $426.05 million.
- Carbonates fell 24.25 percent compared to last year to $371.55 million.
- Passenger vehicles fell 65.26 percent compared to last year to $337.02 million.
- Ethyl alcohol fell 27.08 percent compared to last year to $64.08 million.
On the import side:
- Passenger vehicles fell 37.45 percent compared to last year to $2.43 billion.
- Commercial vehicles totaled $73.5 million. The previous year, there were no imports in this category.
- Gasoline, other fuels fell 64.88 percent compared to last year to $54.28 million.
- Nitrogenous fertilizers fell 28.1 percent compared to last year to $44.27 million.
- Printers, all types, parts rose 15136 percent compared to last year to $20.14 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.