|1||Motor vehicles for transporting people||$291.19 M|
|3||Potassic fertilizers||$155.12 M|
|5||Commercial vehicles||$27.58 M|
|6||Ethyl alcohol||$22.1 M|
|9||Petroleum gases, other gaseous hydrocarbons||$3.75 M|
|10||Laser-based medical equipment, parts||$3.71 M|
|1||Motor vehicles for transporting people||$1.12 B|
|2||Nitrogenous fertilizers||$31.48 M|
|3||Misc. iron, steel tubes, pipes||$19.69 M|
|4||Gasoline, other fuels||$19.03 M|
|5||Misc. iron or steel structures and parts||$11.85 M|
|6||Machinery, parts for semiconductor manufacturing||$5.7 M|
|7||Cell phones, related equipment||$5.31 M|
|8||Portland, aluminous and slag cement||$3.35 M|
|9||Prepared explosives||$3.27 M|
|10||Medical technology||$3.11 M|
Port of Portland, Ore.’s trade increases 5.56 percent through February
Port of Portland, Ore.’s trade with the world rose 5.56 percent, from $1.99 billion to $2.1 billion 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, Ore. ranked No. 63 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, Ore.’s top trade parters were No. 1 Japan, No. 2 South Korea, No. 3 China, No. 4 Philippines and No. 5 India . 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 rose 22.74 percent to $1 billion.
Exports rose 98.67 percent to $100.57 million. Imports rose 17.72 percent to $901.31 million.
- Trade with No. 2 South Korea rose 26.24 percent to $365.27 million.
Exports rose 30.58 percent to $147.43 million. Imports rose 23.47 percent to $217.84 million.
- Trade with No. 3 China fell 41.49 percent to $273.6 million.
Exports fell 34.24 percent to $257.06 million. Imports fell 78.45 percent to $16.54 million.
- Trade with No. 4 Philippines rose 14.63 percent to $51.33 million.
Exports rose 14.71 percent to $51.31 million. Imports fell 50.43 percent to $27,931.
- Trade with No. 5 India fell 27.22 percent to $49.79 million.
Exports rose 71.07 percent to $7.69 million. Imports fell 34.14 percent to $42.1 million.
Port of Portland, Ore.’s top five trading partners through February accounted for 82.88 percent of its trade with the world.
Port of Portland, Ore. had trade surpluses with 28 countries and deficits with 34 through February. That compares with 31 surpluses and 36 deficits for the same period one year earlier. The top three surpluses through February of this year were with China, $240.52 million; Philippines, $51.28 million; and Australia, $37.72 million. The top three deficits through February of this year were with Japan, $800.74 million; South Korea, $70.4 million; and India, $34.41 million.
Through February it’s top exports were Motor vehicles for transporting people; Wheat; Potassic fertilizers; Carbonates; and Commercial vehicles, in that order. Those accounted for 92.7 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Nitrogenous fertilizers; Misc. iron, steel tubes, pipes; Gasoline, other fuels; and Misc. iron or steel structures and parts, accounting for 95.05 percent of all inbound shipments.
Looking more closely at Port of Portland, Ore.’s exports:
- Motor vehicles for transporting people rose 12.01 percent compared to last year to $291.19 million.
- Wheat rose 20.51 percent compared to last year to $177.72 million.
- Potassic fertilizers rose 19.64 percent compared to last year to $155.12 million.
- Carbonates rose 14.16 percent compared to last year to $121.67 million.
- Commercial vehicles fell 26.57 percent compared to last year to $27.58 million.
On the import side:
- Motor vehicles for transporting people rose 10.35 percent compared to last year to $1.12 billion.
- Nitrogenous fertilizers rose 134.49 percent compared to last year to $31.48 million.
- Misc. iron, steel tubes, pipes totaled $19.69 million. The previous year, there were no imports in this category.
- Gasoline, other fuels totaled $19.03 million. The previous year, there were no imports in this category.
- Misc. iron or steel structures and parts rose 62361 percent compared to last year to $11.85 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, The Netherlands, Iceland, Germany and Norway. Exports totaled $3.89 billion and imports came to $6.63 billion.