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Laredo

January – December 2017

Laredo Top Trading Partners

Total trade: $303.37 billion

RankCountryTotal YTD
1Mexico $292,970,232,542
2China $4,018,229,374
3Malaysia $1,037,598,582
4Thailand $682,480,132
5Japan $677,938,110
6Germany $350,976,838
7South Korea $260,660,880
8France $234,008,783
9United Kingdom $228,519,443
10India $221,990,170

January – December 2017

Top U.S. Trading Partners

Total U.S. trade: $3.89 trillion

RankCountryTotal YTD
1China $635,966,594,548
2Canada $582,446,910,813
3Mexico $557,033,857,620
4Japan $204,239,482,434
5Germany $171,237,510,586
6South Korea $119,440,710,726
7United Kingdom $109,403,656,910
8France $82,469,431,746
9India $74,331,747,932
10Italy $68,286,326,460

Laredo’s trade increases 7.13 percent through December

Laredo’s trade with the world rose 7.13 percent, from $283.18 billion to $303.37 billion in 2017 when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. Laredo’s exports increased 6.48 percent while imports rose 7.6 percent. Laredo’s deficit was $51.36 billion.

Through December the district’s top five trade partners were No. 1 Mexico, No. 2 China, No. 3 Malaysia, No. 4 Thailand and No. 5 Japan compared to the same period last year when the top five were No. 1 Mexico, No. 2 China, No. 3 Malaysia, No. 4 Thailand and No. 5 Japan, respectively.

Taking a closer look at the leading trade partners with Laredo:

  • Trade with No. 1 Mexico rose 7.51 percent to $292.97 billion.
    Exports rose 6.49 percent to $125.34 billion. Imports rose 8.28 percent to $167.63 billion.
  • Trade with No. 2 China rose 5.23 percent to $4.02 billion.
    Exports rose 18.82 percent to $11.9 million. Imports rose 5.19 percent to $4.01 billion.
  • Trade with No. 3 Malaysia fell 0.77 percent to $1.04 billion.
    Exports fell 2.54 percent to $764,643. Imports fell 0.77 percent to $1.04 billion.
  • Trade with No. 4 Thailand rose 1.11 percent to $682.48 million.
    Exports rose 30.48 percent to $1.73 million. Imports rose 1.06 percent to $680.75 million.
  • Trade with No. 5 Japan rose 12.76 percent to $677.94 million.
    Exports rose 38 percent to $3.43 million. Imports rose 12.65 percent to $674.51 million.

Laredo’s top five trading partners through December accounted for 98.69 percent of its trade with the world. The U.S. average for the same time period was 55.3 percent.

Laredo had trade surpluses with 52 countries and deficits with 124 through December. That compares with 56 surpluses and 118 deficits for the same period one year earlier. The top three surpluses through December of this year were with Panama, $171.35 million; Guatemala, $111.78 million; and Honduras, $28.9 million. The top three deficits through December of this year were with Mexico, $42.29 billion; China, $3.99 billion; and Malaysia, $1.04 billion.

January – December 2017

Top Exports from Laredo

Total Exports: $126.01 billion

RankCommodityTotal YTD
1Motor vehicle parts $13,021,338,356
2Gasoline, other fuels $3,874,579,679
3Diesel engines $3,368,963,478
4Cell phones, related equipment $2,526,799,023
5Petroleum gases, other gaseous hydrocarbons $2,018,471,752
6Electrical supplies, apparatus, less than 1000V $1,893,534,691
7Engine parts $1,819,212,873
8Computer chips $1,738,029,065
9Motor vehicles for transporting people $1,736,807,992
10Plastics $1,508,312,781

January – December 2017

Top Imports to Laredo

Total Imports: $177.37 billion

RankCommodityTotal YTD
1Motor vehicle parts $19,627,999,437
2Commercial vehicles $15,162,130,771
3Motor vehicles for transporting people $14,791,196,157
4Cell phones, related equipment $10,256,177,908
5Tractors $5,529,418,858
6Seats, excluding barber, dental $5,096,246,997
7Computers $4,545,252,554
8Insulated wire, cable $4,333,691,086
9Refrigerators, freezers $3,043,565,586
10Air conditioning machines $2,883,979,819

Meanwhile, total U.S. trade with the world increased to $3.89 trillion, up 6.77 percent compared to the same period last year. The nation’s exports climbed 6.4 percent to $1.55 trillion; imports climbed 7.02 percent to $2.34 trillion. The nation’s top five customs districts so far this year, by value, are Los Angeles; New York City; Laredo; Detroit and Chicago. The overall trade deficit was $796.17 billion, up compared to the same period of last year when the deficit was $735.46 billion.

Laredo’s top five exports by value through December were Motor vehicle parts; Gasoline, other fuels; Diesel engines; Cell phones, related equipment; and Petroleum gases, other gaseous hydrocarbons, in that order. They accounted for 19.69 percent of total exports from Laredo.

Laredo’s top five imports by value through December were Motor vehicle parts; Commercial vehicles; Motor vehicles for transporting people; Cell phones, related equipment; and Tractors. They accounted for 36.85 percent of all inbound shipments.

Looking more closely at Laredo’s exports:

  • Motor vehicle parts rose 2.88 percent compared to last year to $13.02 billion.
  • Gasoline, other fuels rose 44.46 percent compared to last year to $3.87 billion.
  • Diesel engines rose 42.58 percent compared to last year to $3.37 billion.
  • Cell phones, related equipment fell 4.96 percent compared to last year to $2.53 billion.
  • Petroleum gases, other gaseous hydrocarbons rose 28.14 percent compared to last year to $2.02 billion.

On the import side:

  • Motor vehicle parts rose 2.7 percent compared to last year to $19.63 billion.
  • Commercial vehicles rose 0.96 percent compared to last year to $15.16 billion.
  • Motor vehicles for transporting people rose 57 percent compared to last year to $14.79 billion.
  • Cell phones, related equipment fell 1.55 percent compared to last year to $10.26 billion.
  • Tractors rose 19.37 percent compared to last year to $5.53 billion.

Last year the Laredo customs district posted total trade with the world of $283.18 billion. The district’s deficit was $46.5 billion. At the end of the year, the custom’s districts top five trading partners were Mexico, China, Malaysia, Thailand and Japan. Exports totaled $118.34 billion and imports came to $164.84 billion.

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