|3||Copper ores and concentrates||$249.62 M|
|5||Scrap iron, steel||$71.77 M|
|6||Rape or Colza Seeds, Whether or Not Broken 1205||$27.72 M|
|7||Misc. clays||$13.09 M|
|8||Chemical wood pulp, not dissolving grade||$6.25 M|
|9||Laser-based machine tools||$2.94 M|
|10||Grain sorghum||$2.05 M|
|1||Motor vehicles for transporting people||$1.18 B|
|2||Semifinished products of Iron, nonalloy steel||$160.87 M|
|3||Steel ingots||$91.67 M|
|4||Misc. engines and motors, parts||$35.48 M|
|5||Flat-rolled iron, steel not under 600 mm||$30.07 M|
|6||Misc. iron, steel tubes, pipes||$29.67 M|
|7||Sodium or potassium hydroxide or peroxide||$24.09 M|
|8||Iron and steel pipes and tubing||$16.96 M|
|9||Nitrogenous fertilizers||$16.18 M|
|10||Hot-rolled flat iron, non-alloy steel||$15.84 M|
Port of Vancouver, Wash.’s trade increases 0.62 percent through August
Port of Vancouver, Wash.’s trade with the world rose 0.62 percent, from $3.03 billion to $3.05 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 Vancouver, Wash. ranked No. 96 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 Vancouver, Wash.’s top trade partners were No. 1 Japan, No. 2 China, No. 3 Philippines, No. 4 Russia and No. 5 Taiwan. Through the same period of the previous year, the top trade partners were held by Japan, China, Russia, South Korea and Taiwan, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Japan fell 4.3 percent to $1.46 billion.
Exports fell 20.62 percent to $283.34 million. Imports rose 0.66 percent to $1.18 billion.
- Trade with No. 2 China fell 24.89 percent to $357.64 million.
Exports fell 25.28 percent to $351.48 million. Imports rose 6.93 percent to $6.16 million.
- Trade with No. 3 Philippines rose 138.1 percent to $215.17 million.
Exports rose 138.05 percent to $215.12 million. Imports totaled $46,920.
- Trade with No. 4 Russia fell 1.11 percent to $192.44 million.
Exports fell 81.71 percent to $68,830. Imports fell 0.95 percent to $192.37 million.
- Trade with No. 5 Taiwan fell 19.72 percent to $137.7 million.
Exports fell 18.94 percent to $86.61 million. Imports fell 21.01 percent to $51.09 million.
Port of Vancouver, Wash.’s top five trading partners through August accounted for 77.67 percent of its trade with the world.
Port of Vancouver, Wash. had trade surpluses with 38 countries and deficits with 10 through August. That compares with 30 surpluses and six deficits for the same period one year earlier. The top three surpluses through August of this year were with China, $345.32 million; Philippines, $215.07 million; and Bulgaria, $62.08 million. The top three deficits through August of this year were with Japan, $896.7 million; Russia, $192.3 million; and Mexico, $37.19 million.
Through August its top exports were Wheat; Soybeans; Copper ores and concentrates; Corn; and Scrap iron, steel, in that order. Those accounted for 95.28 percent of its total outbound trade. The Port’s top imports were Motor vehicles for transporting people; Semifinished products of Iron, nonalloy steel; Steel ingots; Misc. engines and motors, parts; and Flat-rolled iron, steel not under 600 mm, accounting for 91.44 percent of all inbound shipments.
Looking more closely at Port of Vancouver, Wash.’s exports:
- Wheat rose 15.9 percent compared to last year to $492.24 million.
- Soybeans rose 68.53 percent compared to last year to $396.08 million.
- Copper ores and concentrates fell 19.86 percent compared to last year to $249.62 million.
- Corn fell 54.73 percent compared to last year to $135.29 million.
- Scrap iron, steel fell 21.92 percent compared to last year to $71.77 million.
On the import side:
- Motor vehicles for transporting people rose 0.69 percent compared to last year to $1.18 billion.
- Semifinished products of Iron, nonalloy steel fell 25.49 percent compared to last year to $160.87 million.
- Steel ingots rose 338.05 percent compared to last year to $91.67 million.
- Misc. engines and motors, parts totaled $35.48 million. The previous year, there were no imports in this category.
- Flat-rolled iron, steel not under 600 mm fell 10.15 percent compared to last year to $30.07 million.
Last year Port of Vancouver, Wash. posted total trade with the world of $4.65 billion. The Port’s deficit was $181.6 million. At the end of the year, the port’s top five trade partners were Japan, China, Russia, Taiwan and South Korea. Exports totaled $2.24 billion and imports came to $2.42 billion.