State's first-quarter exports rise in value

Posted: Monday, June 12, 2000

JUNEAU (AP) -- The value of Alaska's exports increased 24 percent during the first quarter of 2000, according to the state Division of Trade and Development.

Exports reached $644.5 million. A rise in volume and price of crude oil exports contributed significantly to the strong numbers.

Exported oil increased from an average of 76,000 barrels per day during the first quarter of 1999 to 83,000 barrels per day this year. Also, the price sharply increased from an average of $11.40 to $27.13.

''There's a nice increase in volume and a substantial increase in price,'' said trade specialist Patricia Eckert.

Seafood export fell 12 percent in the first quarter due in part to a fall in crab sales. Crab exports to Japan fell because of an opilio season delayed due to ice conditions on the harvesting grounds, according to the division.

Alaska exported more than $66 million dollars worth of crab during the first quarter of last year but less than $250,000 this year and overall seafood exports dropped from $286.8 million to $251.2 million.

Second quarter trade statistics will reflect the April opilio fishery but are not expected to be strong due to reduced harvest quotas, according to the division.

Among other exports:

-- Fertilizer from Nikiski totaled $36.2 million, up 49 percent.

-- Wood exports totaled $30.6 million, down 24 percent.

-- Minerals totaled $28 million, up 13 percent.

First quarter exports to Alaska's largest market, Japan, totaled $376.7 million, up 25 percent from 1999, mostly because of crude oil. First quarter exports to the state's No. 2 export market, Korea, totaled $143.3 million, an increase of 55 percent. Top exports to Korea include oil, coal, seafood and fertilizer. +

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