|2||Self-propelled heavy construction machinery||$83.87 M|
|4||Insecticides, fungicides||$62.35 M|
|5||Trailers and similar vehicles||$55.64 M|
|6||Harvesting machinery for poultry||$54.69 M|
|7||Motor vehicle parts||$43.38 M|
|8||Cranes, derricks, industrial-use vehicles||$39.51 M|
|9||Gasoline, other fuels||$38.9 M|
|10||Misc. mineral or chemical fertilizers||$34.18 M|
|3||Misc. iron, steel tubes, pipes||$65.52 M|
|4||Value added to a returned import||$50.43 M|
|5||Petroleum gases, other gaseous hydrocarbons||$48.78 M|
|6||Wood, sawed or chipped, greater than 6 meters thic||$48.27 M|
|7||Acyclic alcohols||$46.68 M|
|8||Acyclic hydrocarbons||$36.02 M|
|9||Potassic fertilizers||$33.46 M|
|10||Rape or Colza Seeds, Whether or Not Broken 1205||$33.04 M|
Portal-North Portal Border Crossing, N.D.’s trade decreases 3.72 percent through February
Portal-North Portal Border Crossing, N.D.’s trade with the world fell 3.72 percent, from $3.05 billion to $2.93 billion through the first two 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 $650.55 billion, with exports at $260.05 billion and imports at $390.5 billion. The nation’s total trade increased 1.11 percent compared to the same period last year. Exports rose 2.61 percent and imports rose 0.14 percent.
Portal-North Portal Border Crossing, N.D. ranked No. 51 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February 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; Port of Newark; John F. Kennedy International Airport and Chicago O’Hare International Airport.
Through February Portal-North Portal Border Crossing, N.D.’s top trade parters were No. 1 Canada, No. 2 China, No. 3 Japan, No. 4 South Korea and No. 5 Thailand . Through the same period of the previous year, the top trade partners were held by Canada, China, South Korea, Japan and Hong Kong, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 1.81 percent to $2.63 billion.
Exports rose 3.5 percent to $1.5 billion. Imports fell 8.04 percent to $1.14 billion.
- Trade with No. 2 China fell 31.9 percent to $80.99 million.
Exports fell 35.01 percent to $72.18 million. Imports rose 12.14 percent to $8.8 million.
- Trade with No. 3 Japan rose 23.74 percent to $60.25 million.
Exports rose 40.56 percent to $57.22 million. Imports fell 61.98 percent to $3.04 million.
- Trade with No. 4 South Korea fell 43.9 percent to $40.89 million.
Exports fell 44.09 percent to $40.26 million. Imports fell 27.92 percent to $624,895.
- Trade with No. 5 Thailand rose 137.79 percent to $29.61 million.
Exports rose 137.21 percent to $29.54 million. Imports totaled $72,842.
Portal-North Portal Border Crossing, N.D.’s top five trading partners through February accounted for 97.06 percent of its trade with the world.
Portal-North Portal Border Crossing, N.D. had trade surpluses with 34 countries and deficits with 27 through February. That compares with 29 surpluses and 25 deficits for the same period one year earlier. The top three surpluses through February of this year were with Canada, $363.41 million; China, $63.38 million; and Japan, $54.18 million. The top three deficits through February of this year were with Germany, $7.07 million; Austria, $1.92 million; and Mexico, $1.65 million.
Through February it’s top exports were Oil; Self-propelled heavy construction machinery; Tractors; Insecticides, fungicides; and Trailers and similar vehicles, in that order. Those accounted for 22.91 percent of its total outbound trade. The Port’s top imports were Plastics; Oil; Misc. iron, steel tubes, pipes; Value added to a returned import; and Petroleum gases, other gaseous hydrocarbons, accounting for 35.64 percent of all inbound shipments.
Looking more closely at Portal-North Portal Border Crossing, N.D.’s exports:
- Oil rose 32.02 percent compared to last year to $133.24 million.
- Self-propelled heavy construction machinery rose 35.04 percent compared to last year to $83.87 million.
- Tractors fell 14.78 percent compared to last year to $69.41 million.
- Insecticides, fungicides rose 1.13 percent compared to last year to $62.35 million.
- Trailers and similar vehicles fell 8.73 percent compared to last year to $55.64 million.
On the import side:
- Plastics rose 8.99 percent compared to last year to $165.37 million.
- Oil fell 47.25 percent compared to last year to $85.73 million.
- Misc. iron, steel tubes, pipes rose 68.01 percent compared to last year to $65.52 million.
- Value added to a returned import rose 9.09 percent compared to last year to $50.43 million.
- Petroleum gases, other gaseous hydrocarbons rose 1.96 percent compared to last year to $48.78 million.
Last year Portal-North Portal Border Crossing, N.D. posted total trade with the world of $13.88 billion. The Port’s surplus was $2.92 billion . At the end of the year, the port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $8.4 billion and imports came to $5.48 billion.