|1||Coal, briquettes||$100.25 M|
|3||Gasoline, other fuels||$21.23 M|
|5||Petroleum products||$5.37 M|
|6||Pebbles, gravel||$4.86 M|
|7||Coke Etc of Coal, Lignite or Peat; Retort Car 2704||$2.34 M|
|8||Various forms of salt||$1.47 M|
|9||Portland, aluminous and slag cement||$1.2 M|
|10||Value added to a returned import||$984,026|
|2||Aluminum, unwrought||$202.18 M|
|3||Electrical boards, panels and switches||$67.06 M|
|4||Electric motors, generators, not sets||$26.43 M|
|7||Pig iron||$21.8 M|
|8||Misc. engines and motors, parts||$17.88 M|
|9||Pumps for dispensing liquids||$13.32 M|
|10||Electric motor, generator parts||$11.54 M|
Port of Toledo, Ohio’s trade decreases 16.49 percent through August
Port of Toledo, Ohio’s trade with the world fell 16.49 percent, from $1.27 billion to $1.06 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 Toledo, Ohio ranked No. 136 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 Toledo, Ohio’s top trade partners were No. 1 Canada, No. 2 China, No. 3 Mexico, No. 4 Spain and No. 5 Russia. Through the same period of the previous year, the top trade partners were held by Canada, China, Italy, Morocco and South Korea, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 17.6 percent to $801.09 million.
Exports rose 5.34 percent to $152.34 million. Imports fell 21.61 percent to $648.75 million.
- Trade with No. 2 China fell 6.98 percent to $132.75 million.
Exports fell 87.5 percent to $3,643. Imports fell 6.97 percent to $132.74 million.
- Trade with No. 3 Mexico rose 196.36 percent to $20.83 million.
Exports rose 3348.25 percent to $12.84 million. Imports rose 20.04 percent to $7.99 million.
- Trade with No. 4 Spain rose 198.95 percent to $19.04 million.
There were no exports. Imports totaled $19.04 million.
- Trade with No. 5 Russia rose 158.5 percent to $17.96 million.
There were no exports. Imports rose 158.5 percent to $17.96 million.
Port of Toledo, Ohio’s top five trading partners through August accounted for 93.14 percent of its trade with the world.
Port of Toledo, Ohio had trade surpluses with 10 countries and deficits with 21 through August. That compares with 23 surpluses and 19 deficits for the same period one year earlier. The top three surpluses through August of this year were with The Netherlands, $11.94 million; Switzerland, $6.8 million; and Colombia, $6.12 million. The top three deficits through August of this year were with Canada, $496.41 million; China, $132.74 million; and Spain, $19.04 million.
Through August its top exports were Coal, briquettes; Soybeans; Gasoline, other fuels; Wheat; and Petroleum products, in that order. Those accounted for 90.87 percent of its total outbound trade. The Port’s top imports were Oil; Aluminum, unwrought; Electrical boards, panels and switches; Electric motors, generators, not sets; and Oats, accounting for 79.5 percent of all inbound shipments.
Looking more closely at Port of Toledo, Ohio’s exports:
- Coal, briquettes rose 6.08 percent compared to last year to $100.25 million.
- Soybeans fell 22.72 percent compared to last year to $44.62 million.
- Gasoline, other fuels rose 2.04 percent compared to last year to $21.23 million.
- Wheat rose 340.96 percent compared to last year to $13.46 million.
- Petroleum products rose 1.06 percent compared to last year to $5.37 million.
On the import side:
- Oil fell 35.18 percent compared to last year to $364.33 million.
- Aluminum, unwrought rose 2.44 percent compared to last year to $202.18 million.
- Electrical boards, panels and switches rose 49.78 percent compared to last year to $67.06 million.
- Electric motors, generators, not sets rose 1.12 percent compared to last year to $26.43 million.
- Oats rose 96.39 percent compared to last year to $24.65 million.
Last year Port of Toledo, Ohio posted total trade with the world of $2.09 billion. The Port’s deficit was $1.15 billion. At the end of the year, the port’s top five trade partners were Canada, China, Italy, Ukraine and Morocco. Exports totaled $471 million and imports came to $1.62 billion.