|2||Coal, briquettes||$128.77 M|
|4||Gasoline, other fuels||$36.4 M|
|5||Iron ores and concentrates||$11.01 M|
|6||Petroleum products||$8.81 M|
|7||Pebbles, gravel||$4.75 M|
|8||Motorboats and yachts||$3.62 M|
|10||Medicines in individual dosages||$1.76 M|
|2||Aluminum, unwrought||$246.1 M|
|3||Electric motor, generator parts||$74.41 M|
|4||Electrical boards, panels and switches||$58.76 M|
|6||Pig iron||$31.84 M|
|7||Electric motors, generators, not sets||$31.21 M|
|9||Windshield wipers, electric light parts||$15.07 M|
|10||Pumps for dispensing liquids||$14.87 M|
Port of Toledo, Ohio’s trade decreases 5.77 percent through October
Port of Toledo, Ohio’s trade with the world fell 5.77 percent, from $1.85 billion to $1.74 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 Toledo, Ohio ranked No. 128 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. 125. It finished No. 124 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 Toledo, Ohio’s top trade parters were No. 1 Canada, No. 2 China, No. 3 Italy, No. 4 Morocco and No. 5 Ukraine . Through the same period of the previous year, the top trade partners were held by Canada, China, Ukraine, Belgium and South Korea, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 16.5 percent to $1.29 billion.
Exports fell 45.3 percent to $210.55 million. Imports fell 6.91 percent to $1.08 billion.
- Trade with No. 2 China rose 14.22 percent to $197.61 million.
Exports fell 67.58 percent to $29,137. Imports rose 14.26 percent to $197.59 million.
- Trade with No. 3 Italy rose 409.73 percent to $72.87 million.
Exports rose 411.7 percent to $72.75 million. Imports rose 52.69 percent to $119,297.
- Trade with No. 4 Morocco rose 3282.37 percent to $25.88 million.
Exports totaled $23.12 million. Imports rose 260.64 percent to $2.76 million.
- Trade with No. 5 Ukraine rose 28.52 percent to $24.89 million.
There were no exports. Imports rose 28.52 percent to $24.89 million.
Port of Toledo, Ohio’s top five trading partners through October accounted for 92.44 percent of its trade with the world.
Port of Toledo, Ohio had trade surpluses with 28 countries and deficits with 21 through October. That compares with 12 surpluses and 17 deficits for the same period one year earlier. The top three surpluses through October of this year were with Italy, $72.63 million; Morocco, $20.36 million; and Tunisia, $18.47 million. The top three deficits through October of this year were with Canada, $866.77 million; China, $197.56 million; and Ukraine, $24.89 million.
Through October it’s top exports were Soybeans; Coal, briquettes; Corn; Gasoline, other fuels; and Iron ores and concentrates, in that order. Those accounted for 90.92 percent of its total outbound trade. The Port’s top imports were Oil; Aluminum, unwrought; Electric motor, generator parts; Electrical boards, panels and switches; and Wheat, accounting for 85.82 percent of all inbound shipments.
Looking more closely at Port of Toledo, Ohio’s exports:
- Soybeans rose 98.69 percent compared to last year to $132.84 million.
- Coal, briquettes fell 31.95 percent compared to last year to $128.77 million.
- Corn rose 184.76 percent compared to last year to $41.09 million.
- Gasoline, other fuels rose 7.98 percent compared to last year to $36.4 million.
- Iron ores and concentrates fell 87.47 percent compared to last year to $11.01 million.
On the import side:
- Oil fell 0.29 percent compared to last year to $735.58 million.
- Aluminum, unwrought fell 26.74 percent compared to last year to $246.1 million.
- Electric motor, generator parts rose 372.17 percent compared to last year to $74.41 million.
- Electrical boards, panels and switches fell 22.11 percent compared to last year to $58.76 million.
- Wheat rose 38.26 percent compared to last year to $48.55 million.
Last year Port of Toledo, Ohio posted total trade with the world of $1.59 billion. The Port’s deficit was $706.45 million . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $441.73 million and imports came to $1.15 billion.