Quad Cities Airport, Iowa’s trade increases 11.9 percent through February

Quad Cities Airport, Iowa’s trade with the world rose 11.9 percent, from $8.7 million to $9.73 million 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.

Quad Cities Airport, Iowa ranked No. 231 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 Quad Cities Airport, Iowa’s top trade parters were No. 1 Germany, No. 2 Canada, No. 3 Italy, No. 4 The Netherlands and No. 5 United Kingdom . Through the same period of the previous year, the top trade partners were held by Germany, Canada, China, Australia and India, respectively.

Taking a closer look at its leading trade partners:

• Trade with No. 1 Germany rose 22.79 percent to $9.65 million.
  There were no exports. Imports rose 22.79 percent to $9.65 million.
• Trade with No. 2 Canada fell 96.87 percent to $23,583.
  There were no exports. Imports fell 4.73 percent to $23,583.
• Trade with No. 3 Italy totaled $14,638.
  Exports totaled $14,638. There were no imports.
• Trade with No. 4 The Netherlands totaled $13,610.
  Exports totaled $13,610. There were no imports.
• Trade with No. 5 United Kingdom rose 123 percent to $8,048.
  Exports rose 123 percent to $8,048. There were no imports.

Quad Cities Airport, Iowa’s top five trading partners through February accounted for 99.81 percent of its trade with the world.

Quad Cities Airport, Iowa had trade surpluses with six countries and deficits with three through February. That compares with eight surpluses and one deficits for the same period one year earlier. The top three surpluses through February of this year were with Italy, $14,638; The Netherlands, $13,610; and United Kingdom, $8,048. The top three deficits through February of this year were with Germany, $9.65 million; Canada, $23,583; and China, $4,781.

Through February it’s top exports were Electric sound or visual signaling equipment; Electrical boards, panels and switches; Medical technology; Parts for heavy machinery; and Centrifuges, filters, machines and parts, in that order. Those accounted for 100 percent of its total outbound trade. The Port’s top imports were Transmission shafts, bearings, gears; Motor vehicle parts; Air conditioning machines; Fuel wood in logs, chips; and Power supplies, transformers, accounting for 99.99 percent of all inbound shipments.

Looking more closely at Quad Cities Airport, Iowa’s exports:

• Electric sound or visual signaling equipment fell 64.58 percent compared to last year to $24,668.
• Electrical boards, panels and switches fell 79.32 percent compared to last year to $18,302.
• Medical technology totaled $7,032. The previous year, there were no exports in this category.
• Parts for heavy machinery totaled $0. The previous year, there were no exports in this category.
• Centrifuges, filters, machines and parts totaled $0. The previous year, there were no exports in this category.

On the import side:

• Transmission shafts, bearings, gears rose 1.84 percent compared to last year to $6.83 million.
• Motor vehicle parts rose 144.07 percent compared to last year to $2.83 million.
• Air conditioning machines totaled $14,500. The previous year, there were no imports in this category.
• Fuel wood in logs, chips totaled $9,083. The previous year, there were no imports in this category.
• Power supplies, transformers rose 87.36 percent compared to last year to $4,122.

Last year Quad Cities Airport, Iowa posted total trade with the world of $10.05 million. The Port’s surplus was $3.29 million . At the end of the year, the port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $6.67 million and imports came to $3.38 million.