|2||Copper ores and concentrates||$387.64 M|
|5||Scrap iron, steel||$118.04 M|
|6||Precious metal ores, concentrates||$60.47 M|
|7||Chemical wood pulp, not dissolving grade||$23.28 M|
|8||Misc. clays||$20.88 M|
|9||Centrifuges, filters, machines and parts||$2.3 M|
|10||Grain sorghum||$2.23 M|
|1||Motor vehicles for transporting people||$1.49 B|
|2||Semifinished products of Iron, nonalloy steel||$279.6 M|
|3||Flat-rolled iron, steel not under 600 mm||$47.48 M|
|4||Sodium or potassium hydroxide or peroxide||$40.19 M|
|5||Steel ingots||$26.76 M|
|6||Hot-rolled flat iron, non-alloy steel||$22.29 M|
|7||Iron and steel pipes and tubing||$17.06 M|
|8||Nitrogenous fertilizers||$13.15 M|
|9||Gasoline, other fuels||$8.26 M|
|10||Portland, aluminous and slag cement||$3.82 M|
Port of Vancouver, Wash.’s trade increases 12.47 percent through October
Port of Vancouver, Wash.’s trade with the world rose 12.47 percent, from $3.35 billion to $3.77 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 Vancouver, Wash. ranked No. 99 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. 96. It finished No. 96 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 Vancouver, Wash.’s top trade parters were No. 1 Japan, No. 2 China, No. 3 Russia, No. 4 Taiwan and No. 5 South Korea . Through the same period of the previous year, the top trade partners were held by Japan, China, Russia, South Korea and Philippines, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Japan rose 9.8 percent to $1.91 billion.
Exports rose 40.5 percent to $420.86 million. Imports rose 3.42 percent to $1.49 billion.
- Trade with No. 2 China fell 28.58 percent to $481.95 million.
Exports fell 28.85 percent to $472.64 million. Imports fell 11.38 percent to $9.3 million.
- Trade with No. 3 Russia rose 17.54 percent to $241.77 million.
Exports totaled $376,280. Imports rose 17.36 percent to $241.4 million.
- Trade with No. 4 Taiwan rose 60.86 percent to $209.54 million.
Exports rose 96.17 percent to $126.94 million. Imports rose 26.01 percent to $82.6 million.
- Trade with No. 5 South Korea rose 22.77 percent to $201.25 million.
Exports rose 48.27 percent to $162.46 million. Imports fell 28.64 percent to $38.79 million.
Port of Vancouver, Wash.’s top five trading partners through October accounted for 80.88 percent of its trade with the world.
Port of Vancouver, Wash. had trade surpluses with 32 countries and deficits with seven through October. That compares with 22 surpluses and 11 deficits for the same period one year earlier. The top three surpluses through October of this year were with China, $463.34 million; South Korea, $123.67 million; and Philippines, $118.93 million. The top three deficits through October of this year were with Japan, $1.07 billion; Russia, $241.02 million; and Mexico, $58.02 million.
Through October it’s top exports were Wheat; Copper ores and concentrates; Corn; Soybeans; and Scrap iron, steel, in that order. Those accounted for 92.77 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Semifinished products of Iron, nonalloy steel; Flat-rolled iron, steel not under 600 mm; Sodium or potassium hydroxide or peroxide; and Steel ingots, accounting for 95.75 percent of all inbound shipments.
Looking more closely at Port of Vancouver, Wash.’s exports:
- Wheat rose 8.66 percent compared to last year to $522.73 million.
- Copper ores and concentrates rose 50.2 percent compared to last year to $387.64 million.
- Corn rose 51.51 percent compared to last year to $334.04 million.
- Soybeans fell 23.39 percent compared to last year to $310.19 million.
- Scrap iron, steel rose 47.32 percent compared to last year to $118.04 million.
On the import side:
- Motor vehicles for transporting people rose 3.69 percent compared to last year to $1.49 billion.
- Semifinished products of Iron, nonalloy steel rose 40.17 percent compared to last year to $279.6 million.
- Flat-rolled iron, steel not under 600 mm rose 13.72 percent compared to last year to $47.48 million.
- Sodium or potassium hydroxide or peroxide rose 4.74 percent compared to last year to $40.19 million.
- Steel ingots rose 21.01 percent compared to last year to $26.76 million.
Last year Port of Vancouver, Wash. posted total trade with the world of $3.96 billion. The Port’s deficit was $225.65 million . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $1.87 billion and imports came to $2.09 billion.