January – March 2017

Laredo Top Trading Partners

Total trade: $73.41 billion

Rank Country Total YTD
1 Mexico $70,977,324,437
2 China $995,557,932
3 Malaysia $217,669,711
4 Thailand $170,914,761
5 Japan $160,368,835
6 France $75,575,809
7 Germany $74,517,885
8 United Kingdom $74,239,900
9 South Korea $55,753,782
10 The Netherlands $51,167,450

January – March 2017

Top U.S. Trading Partners

Total U.S. trade: $922.69 billion

Rank Country Total YTD
1 Canada $140,575,416,114
2 China $137,839,980,393
3 Mexico $134,148,074,484
4 Japan $49,453,426,109
5 Germany $40,476,060,190
6 South Korea $28,735,528,247
7 United Kingdom $26,004,177,797
8 France $19,698,963,851
9 India $17,165,464,920
10 Taiwan $16,316,214,098

Laredo’s trade increases 8.55 percent through March

Laredo’s trade with the world rose 8.55 percent, from $67.63 billion to $73.41 billion through the first three months of 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 7.5 percent while imports rose 9.31 percent. Laredo’s deficit was $12.26 billion.

Through March 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 8.63 percent to $70.98 billion.
    Exports rose 7.71 percent to $30.46 billion. Imports rose 9.33 percent to $40.51 billion.
  • Trade with No. 2 China rose 22.16 percent to $995.56 million.
    Exports fell 43.48 percent to $1.52 million. Imports rose 22.37 percent to $994.04 million.
  • Trade with No. 3 Malaysia fell 2.61 percent to $217.67 million.
    Exports fell 24.13 percent to $163,776. Imports fell 2.59 percent to $217.51 million.
  • Trade with No. 4 Thailand rose 13.71 percent to $170.91 million.
    Exports fell 14.59 percent to $170,104. Imports rose 13.75 percent to $170.74 million.
  • Trade with No. 5 Japan rose 24.8 percent to $160.37 million.
    Exports fell 45.79 percent to $364,999. Imports rose 25.17 percent to $160 million.

Laredo’s top five trading partners through March accounted for 98.78 percent of its trade with the world. The U.S. average for the same time period was 54.46 percent.

Laredo had trade surpluses with 30 countries and deficits with 99 through March. That compares with 45 surpluses and 87 deficits for the same period one year earlier. The top three surpluses through March of this year were with Guatemala, $24.53 million; Panama, $15.17 million; and El Salvador, $5.36 million. The top three deficits through March of this year were with Mexico, $10.05 billion; China, $992.52 million; and Malaysia, $217.34 million.

January – March 2017

Top Exports from Laredo

Total Exports: $30.58 billion

Rank Commodity Total YTD
1 Motor vehicle parts $3,186,391,364
2 Gasoline, other fuels $850,057,267
3 Diesel engines $630,940,658
4 Cell phones, related equipment $573,955,659
5 Engine parts $465,762,394
6 Electrical supplies, apparatus, less than 1000V $458,920,186
7 Petroleum gases, other gaseous hydrocarbons $447,083,626
8 Motor vehicles for transporting people $440,757,249
9 Computer chips $425,816,142
10 TVs, computer monitors $404,263,713

January – March 2017

Top Imports to Laredo

Total Imports: $42.84 billion

Rank Commodity Total YTD
1 Motor vehicle parts $4,892,581,075
2 Commercial vehicles $4,006,702,843
3 Motor vehicles for transporting people $3,254,006,339
4 Cell phones, related equipment $2,347,511,247
5 Seats, excluding barber, dental $1,295,195,201
6 Insulated wire, cable $1,046,903,933
7 Computers $969,491,013
8 Tractors $939,713,034
9 Motor vehicle engines $778,259,578
10 Air conditioning machines $706,068,066

Meanwhile, total U.S. trade with the world increased to $922.69 billion, up 7.24 percent compared to the same period last year. The nation’s exports climbed 7.2 percent to $372.7 billion; imports climbed 7.27 percent to $549.99 billion. The nation’s top five customs districts so far this year, by value, are Los Angeles; New York City; Laredo; Detroit and New Orleans. The overall trade deficit was $177.29 billion, up compared to the same period of last year when the deficit was $165.06 billion.

Laredo’s top five exports by value through March were Motor vehicle parts; Gasoline, other fuels; Diesel engines; Cell phones, related equipment; and Engine parts, in that order. They accounted for 18.66 percent of total exports from Laredo.

Laredo’s top five imports by value through March were Motor vehicle parts; Commercial vehicles; Motor vehicles for transporting people; Cell phones, related equipment; and Seats, excluding barber, dental. They accounted for 36.88 percent of all inbound shipments.

Looking more closely at Laredo’s exports:

  • Motor vehicle parts fell 2.64 percent compared to last year to $3.19 billion.
  • Gasoline, other fuels rose 47.95 percent compared to last year to $850.06 million.
  • Diesel engines rose 8.58 percent compared to last year to $630.94 million.
  • Cell phones, related equipment fell 11.7 percent compared to last year to $573.96 million.
  • Engine parts fell 0.64 percent compared to last year to $465.76 million.

On the import side:

  • Motor vehicle parts rose 4.49 percent compared to last year to $4.89 billion.
  • Commercial vehicles rose 9.65 percent compared to last year to $4.01 billion.
  • Motor vehicles for transporting people rose 81.92 percent compared to last year to $3.25 billion.
  • Cell phones, related equipment rose 5.9 percent compared to last year to $2.35 billion.
  • Seats, excluding barber, dental fell 0.44 percent compared to last year to $1.3 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.