Oregon’s Top 10 Exports

Oregon's state flag courtesy of FlagPictures.org

Oregon’s state flag

Nicknamed “The Beaver State” and located in the Pacific Northwest region on America’s west coast, Oregon shipped US$21.9 billion worth of goods around the globe in 2017. That dollar amount represents a 0.8% uptick from 2016 to 2017 and a 4.9% improvement since 2014.

Oregon is America’s 20th-biggest exporter by state well behind front-runners Texas, California, Washington and New York. The value of Oregon’s exports equals 1.4% of United States’ overall exported products for 2017.

Based on statistics from the US Department of Commerce’s Bureau of Economic Analysis (BEA), Oregon’s exported products represent 9.6% of the state’s total economic output or real Gross Domestic Product in 2016. The latter real dollar values were expressed in 2009 chained dollars, according to the BEA.

Given Oregon’s population of 4.143 million people, its total $21.9 billion in 2017 exports translates to roughly $5,300 for every resident in the Pacific Northwest state.

Oregon’s unemployment rate was 4.1% as of March 2018 per YCharts.

Oregon’s Top 10 Exports

Top 10

The following export products represent the highest dollar value in Oregon global shipments during 2017. Also shown is the percentage share each export category represents in terms of overall exports from Oregon.

Figures are shown at the more granular six-digit Harmonized Tariff System code level, for more precise product identification.

  1. Integrated circuits (processors/controllers): US$51.5 billion (23.5% of Oregon’s total exports)
  2. Machinery for making semi-conductors: $22.8 billion (10.4%)
  3. Wheat (excluding durum): $989 million (4.5%)
  4. Photographic film: $895 million (4.1%)
  5. Potassium chloride: $668 million (3%)
  6. Integrated circuits (excluding processors/controllers): $514 million (2.3%)
  7. Immunological products: $496 million (2.3%)
  8. Aircraft including engines, parts: $468 million (2.1%)
  9. Semi-conductor machinery parts, accessories: $459 million (2.1%)
  10. Footwear removable insoles: $293 million (1.3%)

Oregon’s top 10 exports accounted for 55.6% of the overall value of the state’s global shipments.

Potassium chloride was the fastest-growing among the top 10 export categories, up by 94.2% from 2016.

In second place for improving export sales were parts or accessories for machinery used to make semi-conductors which rose 81.4%.

Machinery for making semi-conductors posted the third-fastest gain in value up by 66.3%.

The leading decliner among Oregon top 10 export products was the state’s most valuable exported good, integrated circuits including processors and controllers, which fell in value by -22.3% year over year.

More Key Facts

Overall, Oregon posted a $3.6 billion surplus exporting and importing products during 2017. That dollar amount reflects a -13.6% year-over-year drop from $4.2 billion in black ink in 2016.

Another way of saying surplus or deficit is positive or negative net exports. In a nutshell, the term “net exports” quantifies the amount by which foreign spending on a state’s goods or services exceeds or lags that same state’s spending on foreign goods or services.

Below are Oregon’s top 10 import products highlighting the state’s highest spending on foreign-made goods in 2017.

  1. Integrated circuits (processors/controllers): $2.5 billion (13.6% of Oregon’s total imports)
  2. Mid-sized automobiles (piston engine): $1 billion (5.7%)
  3. Machinery for making semi-conductors: $794 million (4.3%)
  4. Semi-conductor machinery parts, accessories: $776 million (4.2%)
  5. Potassium chloride: $472 million (2.6%)
  6. Digital processing units (individual components): $427 million (2.3%)
  7. Large automobiles (piston engine): $381 million (2.1%)
  8. Softwood lumber (coniferous): $266 million (1.4%)
  9. Miscellaneous machinery: $232 million (1.3%)
  10. Semi-finished iron or steel products: $205 million (1.1%)

Oregon has highly positive net exports in the international trade of integrated circuits and machinery for making semi-conductors. In turn, these cashflows indicate Oregon’s strong competitive advantages under both leading product categories which create a strong positive impact on Oregon’s global balance sheet.

Partners

The following list shows the top 10 customers that purchase almost three-quarters (74.2%) worth of the total value of products exported from Oregon during 2017.

  1. China $3.9 billion (17.9% of Oregon’s total exports)
  2. Canada $2.3 billion (10.6%)
  3. Malaysia $2.3 billion (10.5%)
  4. South Korea $2 billion (9.2%)
  5. Japan $1.8 billion (8.3%)
  6. Vietnam $1.6 billion (7.3%)
  7. Taiwan $862 million (3.9%)
  8. Germany $498 million (2.3%)
  9. Singapore $465 million (2.1%)
  10. United Kingdom $451 million (2.1%)

Oregon’s top trade partners in Asia account for almost three-fifths (59.2%) of the overall value of exported goods from the state.

Companies

Oregon Export Companies

Just two of Oregon-headquartered corporations rank among Fortune 500 companies as of February 2018, according to the State of Oregon’s Employment Department. These two revenue leaders are Nike, an athletic footwear and apparel multi-national supplier, and automotive retailer Lithia Motors.

Wikipedia identifies other large businesses with headquarters within Oregon States. One example is the world’s largest commercial firm specializing in the design and production of thermal imaging cameras, components and imaging sensors, namely FLIR Systems which is based in Wilsonville, Oregon.
Other large companies with their head offices in Oregon include:

  • Schnitzer Steel Industries (steel manufacturer, scrap metal recycler)
  • Columbia Sportswear (outerwear, sportswear, footwear)
  • NW Natural (natural gas)

Shown within brackets for each company is a summary of the international trade-related product category in which each company conducts business.



 
Oregon’s capital city is Salem.

See also America’s Top 20 Export States, United States Top 10 Exports and Top United States Trade Balances

Research Sources:
Department of Numbers, Oregon GDP (dollars shown in real terms). Accessed on April 28, 2018

FlagPictures.org, Flags of US States. Accessed on April 28, 2018

Forbes 2016 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on April 28, 2018

International Trade Centre, Trade Map. Accessed on April 28, 2018

Investopedia, Net Exports Definition. Accessed on April 28, 2018

State of Oregon Employment Department, Oregon’s Company Headquarters: Strong Growth and High Wages. Accessed on April 28, 2018

United States Census Bureau, Foreign Trade (State by 6-Digit HS Code). Accessed on April 28, 2018

United States Census Bureau, QuickFacts: Oregon. Accessed on April 28, 2018

Wikipedia, Oregon. Accessed on April 28, 2018

Wikipedia, List of Companies based in Oregon. Accessed on April 28, 2018

World’s Capital Cities, Capital Facts for Salem’s United States. Accessed on April 28, 2018

YCharts, Regional and State Employment and Unemployment Report. Accessed on April 28, 2018