Top Portland/Columbia-Snake River Trading Partners

Top US Trading Partners

Portland/Columbia-Snake River’s trade decreases -1.38 percent through March

Portland/Columbia-Snake River’s trade with the world rose to $6,941,712,354 through the first three months of 2012, according to a WorldCity analysis of the latest U.S. Census Bureau data. That’s -1.38 percent decreases the Customs district’s total trade during the same time period last year. The district’s exports decreased -14.76 percent while imports rose 13.63 percent.

Through March the district’s top trade partners were No. 1 Japan, No. 2 China, No. 3 South Korea, No. 4 Taiwan and No. 5 Philippines. Through the first three months of the last year, top five spots were held by Japan, China, South Korea, Malaysia and Australia, respectively.

Taking a closer look at the leading trade partners with Portland/Columbia-Snake River:

• No.1 Japan’s trade rose 16.01 percent to $2,557,360,028.
  Exports fell -5.70 percent to $556,537,034. Imports rose 23.95 percent to $2,000,822,994.
• No.2 China’s trade fell -19.91 percent to $1,517,383,038.
  Exports fell -29.65 percent to $957,996,526. Imports rose 4.98 percent to $559,386,512.
• No.3 South Korea’s trade rose 84.97 percent to $880,339,589.
  Exports rose 149.53 percent to $498,962,290. Imports rose 38.19 percent to $381,377,299.
• No.4 Taiwan’s trade fell -7.29 percent to $184,431,053.
  Exports fell -13.56 percent to $120,136,079. Imports rose 7.23 percent to $64,294,974.
• No.5 Philippines’s trade fell -6.16 percent to $170,962,562.
  Exports fell -6.50 percent to $166,035,842. Imports rose 6.81 percent to $4,926,720.

Portland/Columbia-Snake River’s top five trading partners through March accounted for 76.5 percent of its trade with the world. The U.S. average for the same period was 52.49 percent.

Portland/Columbia-Snake River had trade surpluses with 68 countries and deficits with 52 through March. That compares with 72 surpluses and 62 deficits for the same period one year earlier. The top three surpluses through March of this year were with China, $398,610,014; Philippines, $161,109,122; and South Korea, $117,584,991. The top three deficits were with Japan ($1,444,285,960), Russia ($140,645,933) and Canada ($47,725,418).

Meanwhile, total U.S. trade increased to $934,379,177,983, up 8.63 percent compared to the same period last year. The nation’s exports climbed 3.54 percent to $30,467,217,700 as imports rose 5.09 percent to $43,800,507,934. The nation’s top five trade districts so far this year, by value, are New York City, Los Angeles, Houston, Detroit and Laredo. The overall trade deficit was $-171,264,242,143, up compared to the same period of last year when the deficit was $-157,930,951,909.

Portland/Columbia-Snake River’s top five exports by value through March were wheat, meslin; soybeans, whether broken or not; copper ores and concentrates; potassic fertilizers; and scrap iron, steel, in that order. Those accounted for 63.84 percent of its total outbound trade. The value of the district’s top five imports, motor vehicles for transporting people, semifinished products of iron, nonalloy steel, computers and misc. chemical elements used in electron, disc wafhot-rolled flat iron, non-alloy steel and , accounted for 62.55 percent of all inbound shipments.

Looking more closely at Portland/Columbia-Snake River exports:

• Wheat, meslin fell -7.64 percent compared to last year to $941,742,587.
• Soybeans, whether broken or not fell -24.11 percent compared to last year to $619,908,640.
• Copper ores and concentrates rose 1.60 percent compared to last year to $162,932,278.
• Potassic fertilizers fell -55.79 percent compared to last year to $150,770,563.
• Scrap iron, steel rose 33.92 percent compared to last year to $150,229,945.

On the import side:

• Motor vehicles for transporting people rose 29.92 percent compared to last year to $1,970,626,294.
• Semifinished products of Iron, nonalloy steel rose 41.45 percent compared to last year to $160,148,122.
• Computers fell -29.96 percent compared to last year to $86,647,549.
• Misc. chemical elements used in electron, disc waf rose 3.03 percent compared to last year to $70,441,501.
• Hot-rolled flat iron, non-alloy steel fell -0.74 percent compared to last year to $69,397,304.

Last year the Portland/Columbia-Snake River district posted total trade with the world of $26,905,830,057. The district’s surplus was $1,894,435,193. At year end, the region’s top five partners were Japan, China, South Korea, Taiwan and Philippines. Exports totaled $14,400,132,625 and imports came to $12,505,697,432.