Printer Friendly

Exports continue climbing.

The total value of Alaska's exports in the first three quarters of 1990, $2.742 billion, marked a 37 percent increase over exports for the same period in 1989, $1.998 billion. The only sector of exports that did not increase in value during the first three quarters of 1990 was petroleum product exports, which slipped 0.6 percent from the previous year.

Mineral exports showed the most impressive growth - 262 percent - during the three quarter period, jumping from $30 million to $109 million. The figure reflects exports from the Red Dog Mine near Kotzebue, which began shipping ore over the summer.

The value of coal exports also increased through the third quarter of 1990, rising 32 percent over the value reported for the same period during 1989. The change is attributed to the timing of the huge marine shipments of coal to Korea.

For the first three quarters, fish exports for 1990 increased 23 percent in value over the prior year and 153 percent over five years earlier. Trends in seafood sales abroad are further analyized on the next two pages.

Timber exports were largely unchanged. For the period through September, the cumulative value for 1990 was up only 1.8 percent compared with that of 1989, but soared 146 percent compared with the value for 1986.

The large increase in the Other' category, 224 percent over 1989, reflects Anchorage International Airport's use as an air cargo hub, primarily by Federal Express. Because of trade regulations, Anchorage is considered the port of export for many products shipped overseas by air from the continental United States. Medical equipment, computer software, and compact discs and other recorded media are among the primary cargoes transferred via Anchorage for worldwide distribution. Editor's Note: This is our first installment of the quarterly trade report. The data and narrative are developed in cooperation with the University of Alaska Anchorage's Alaska Center for International Business. In subsequent issues, we intend to vary the sectors and statistics analyzed For example, in June, we will include a look at seafood price trends. Please let us know what kind of information you would find most useful. We invite your suggestions and comments.

Among fish products exported, bottomfish, shellfish, roe and the sector labeled other' increased; other' fish exports include rockfish, flounder and fishmeal. The category that includes surimi and miscellaneous manufactured items such as fishsticks declined through the first three quarters of 1990, compared with the same period in 1989. The three-quarter 1990 value of salmon exports also slipped 7 percent in comparison to the value for the same period in 1989.

The most impressive growth was seen in bottomfish, up 355 percent, from $52 million through the first three quarters of 1989 to almost $237 million during the same period in 1990. Roe and shellfish exports rose 32 percent and 28 percent, respectively, according to the three-quarter figures recorded for export values in 1990 vs. 1989.

The total value of fish imported by Europeans through the first three quarters of 1990 was 12.25 billion in European Currency Units, which were convertible to a dollar value between $1.21 and $1.38 for the period. Through September of last year, salmon accounted for 9 percent of European fish imports. Fresh salmon is the most popular salmon import - 52 percent by volume, 50 percent by value - while canned salmon accounts for 23 percent by volume; smoked, frozen and other salmon products make up the remainder.

During the first three quarters of 1990, Alaska exported to Europe $77.3 million in all species of fish combined, a more than fourfold increase over the three-quarter figure for the prior year. Despite the fact that 90 percent of all U.S. salmon production uses Alaskan product, less than $500,000 of salmon was shipped directly to Europe from Alaska through the first three quarters of 1990. The U.S. share of European salmon imports is 15 percent by volume, 13 percent by value.

Japan was the destination for 68 percent of Alaska's $477 million in timber exports through September 1990. The Asian nation imports more than 90 percent of Alaska's spruce logs and timber, sawn and rough-treated spruce, western hemlock lumber, and coniferous wood chips and particles.

Although the value of Alaska's timber exports grew only 1.8 percent from the first three quarters of 1989 to the same period in 1990, increased investment in sawmills has expanded the 49th state's exports of value-added lumber products.
COPYRIGHT 1991 Alaska Business Publishing Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Quarterly trade report for Alaska
Publication:Alaska Business Monthly
Date:Mar 1, 1991
Previous Article:Sled-dog race stirs up business; the economic impact of the Yukon Quest.
Next Article:Causeway compromise; bridging a counterproductive impasse, oil producers and the U.S. Army Corps of Engineers reached an agreement over breaching of...

Related Articles
Exporting: growth continues.
Alaska-East Asia trade: new players, new scores.
Quarterly trade report: year-end figures filed.
Alaska's trade with Canada: overlooking the obvious.
Korea, Taiwan, China join Japan as strong fish/seafood markets.
Exporting to a Recovering Asia.
Alaska's Exports Up 30 Percent in 1999.
Worldwide growth fuels N.H. exports record.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters