|2||Copper ores and concentrates||$137.84 M|
|5||Scrap iron, steel||$35.27 M|
|6||Misc. clays||$6.74 M|
|7||Motor vehicle parts||$4.55 M|
|8||Misc. plastic articles||$2.22 M|
|9||Grain sorghum||$2.17 M|
|10||Misc. iron, steel tubes, pipes||$1.62 M|
|1||Passenger vehicles||$745.99 M|
|2||Steel ingots||$112.34 M|
|3||Semifinished products of Iron, nonalloy steel||$40.98 M|
|4||Misc. engines and motors, parts||$40.8 M|
|5||Flat-rolled iron, steel not under 600 mm||$26.82 M|
|6||Misc. iron or steel structures and parts||$22.68 M|
|7||Sodium or potassium hydroxide or peroxide||$16.48 M|
|8||Iron and steel pipes and tubing||$7.91 M|
|9||Nitrogenous fertilizers||$7.06 M|
|10||Gasoline, other fuels||$3.53 M|
Port of Vancouver, Wash.’s trade decreases 7.91 percent through May
Port of Vancouver, Wash.’s trade with the world fell 7.91 percent, from $1.86 billion to $1.71 billion through the first five 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 $1.48 trillion, with exports at $582.11 billion and imports at $898.44 billion. The nation’s total trade decreased 13.61 percent compared to the same period last year. Exports fell 15.09 percent and imports fell 12.63 percent.
Port of Vancouver, Wash. ranked No. 95 for total trade among the nation’s roughly 450 airports, seaports and border crossings through May of 2020.
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 May Port of Vancouver, Wash.’s top trade partners were No. 1 Japan, No. 2 Russia, No. 3 China, No. 4 Philippines and No. 5 South Korea. Through the same period of the previous year, the top trade partners were held by Japan, China, Russia, Philippines and South Korea, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Japan rose 0.98 percent to $869.12 million.
Exports fell 81.27 percent to $119.85 million. Imports rose 239.32 percent to $749.28 million.
- Trade with No. 2 Russia rose 1.46 percent to $135.7 million.
Exports fell 99.97 percent to $37,900. Imports rose 196991 percent to $135.66 million.
- Trade with No. 3 China fell 56.65 percent to $109.32 million.
Exports rose 1194.97 percent to $62.77 million. Imports fell 81.18 percent to $46.55 million.
- Trade with No. 4 Philippines fell 25.12 percent to $98.4 million.
Exports totaled $98.36 million. Imports fell 99.97 percent to $42,827.
- Trade with No. 5 South Korea fell 0.37 percent to $92.25 million.
Exports rose 95.69 percent to $74.75 million. Imports fell 67.84 percent to $17.5 million.
Port of Vancouver, Wash.’s top five trading partners through May accounted for 76.14 percent of its trade with the world.
Port of Vancouver, Wash. had trade surpluses with 25 countries and deficits with eight through May. That compares with eight surpluses and 32 deficits for the same period one year earlier. The top three surpluses through May of this year were with Philippines, $98.32 million; Thailand, $66.63 million; and South Korea, $57.25 million. The top three deficits through May of this year were with Japan, $629.43 million; Russia, $135.62 million; and Indonesia, $22.25 million.
Through May its top exports were Wheat; Copper ores and concentrates; Corn; Soybeans; and Scrap iron, steel, in that order. Those accounted for 95.6 percent of its total outbound trade. The Port’s top imports were Passenger vehicles; Steel ingots; Semifinished products of Iron, nonalloy steel; Misc. engines and motors, parts; and Flat-rolled iron, steel not under 600 mm, accounting for 92.69 percent of all inbound shipments.
Looking more closely at Port of Vancouver, Wash.’s exports:
- Wheat rose 2.79 percent compared to last year to $314.18 million.
- Copper ores and concentrates fell 21.46 percent compared to last year to $137.84 million.
- Corn fell 21.18 percent compared to last year to $89.29 million.
- Soybeans fell 75.78 percent compared to last year to $64.4 million.
- Scrap iron, steel rose 10.09 percent compared to last year to $35.27 million.
On the import side:
- Passenger vehicles rose 16.87 percent compared to last year to $745.99 million.
- Steel ingots rose 152.86 percent compared to last year to $112.34 million.
- Semifinished products of Iron, nonalloy steel fell 62.53 percent compared to last year to $40.98 million.
- Misc. engines and motors, parts rose 652.78 percent compared to last year to $40.8 million.
- Flat-rolled iron, steel not under 600 mm rose 21.06 percent compared to last year to $26.82 million.
Last year Port of Vancouver, Wash. posted total trade with the world of $4.63 billion. The Port’s deficit was $188.13 million. Exports totaled $2.22 billion and imports came to $2.41 billion.