|3||Gasoline, other fuels||$161.44 M|
|4||Soybean oilcake, other solid residue, not ground||$137.92 M|
|6||Railway or tramway freight cars, not self-propelld||$108.99 M|
|7||Train and locomotive parts||$98.74 M|
|8||Sugar and starch residues||$83.96 M|
|9||Lactose, caramel, misc. sugars||$79.32 M|
|10||Hot-rolled flat iron, non-alloy steel||$60.77 M|
|1||Commercial vehicles||$2.56 B|
|3||Passenger vehicles||$796.11 M|
|4||Motor vehicle parts||$323.53 M|
|5||Insulated wire, cable||$142.3 M|
|6||Refrigerators, freezers||$133.57 M|
|7||Iron and steel springs||$114.08 M|
|8||Seats, excluding barber, dental||$110.9 M|
|9||Engine parts||$99.08 M|
|10||Men's or boys' slacks, suits, not knit||$89.68 M|
Eagle Pass’s trade decreases 21.87 percent through May
Eagle Pass’s trade with the world fell 21.87 percent, from $11.98 billion to $9.36 billion through the first five months of 2020 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data.
During the same time period, the nation’s total trade was $1.48 trillion, with exports at $582.11 billion and imports at $898.44 billion. The nation’s total trade decreased 13.61 percent compared to the same period last year. Exports fell 15.09 percent and imports fell 12.63 percent.
Eagle Pass ranked No. 33 for total trade among the nation’s roughly 450 airports, seaports and border crossings through May of 2020.
The nation’s top five “ports” — airports, seaports and border crossings — so far this year, by value, are Port of Los Angeles; Port Laredo; Chicago O’Hare International Airport; Port of Newark and John F. Kennedy International Airport.
Through May Eagle Pass’s top trade partners were No. 1 Mexico, No. 2 Japan, No. 3 Canada, No. 4 China and No. 5 Thailand. Through the same period of the previous year, the top trade partners were held by Mexico, Germany, Japan, Canada and China, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Mexico fell 21.33 percent to $9.31 billion.
Exports fell 68.15 percent to $2.77 billion. Imports rose 108 percent to $6.54 billion.
- Trade with No. 2 Japan fell 33.89 percent to $19.17 million.
Exports fell 85.63 percent to $4.17 million. Imports totaled $15 million.
- Trade with No. 3 Canada fell 47.28 percent to $9.15 million.
There were no exports. Imports totaled $9.15 million.
- Trade with No. 4 China rose 27.49 percent to $8.36 million.
Exports fell 99.82 percent to $12,030. Imports totaled $8.35 million.
- Trade with No. 5 Thailand rose 370.54 percent to $7.29 million.
There were no exports. Imports totaled $7.29 million.
Eagle Pass’s top five trading partners through May accounted for 99.92 percent of its trade with the world.
Eagle Pass had trade surpluses with one countries and deficits with 38 through May. That compares with 38 surpluses and five deficits for the same period one year earlier. The top three surpluses through May of this year were with Mali, $41,229; Hong Kong, $0; and MICRONESIA, $0. The top three deficits through May of this year were with Mexico, $3.77 billion; Japan, $10.83 million; and Canada, $9.15 million.
Through May its top exports were Soybeans; Corn; Gasoline, other fuels; Soybean oilcake, other solid residue, not ground; and Wheat, in that order. Those accounted for 36.56 percent of its total outbound trade. The Port’s top imports were Commercial vehicles; Beer; Passenger vehicles; Motor vehicle parts; and Insulated wire, cable, accounting for 75.58 percent of all inbound shipments.
Looking more closely at Eagle Pass’s exports:
- Soybeans rose 7.85 percent compared to last year to $373.23 million.
- Corn rose 37.57 percent compared to last year to $203.14 million.
- Gasoline, other fuels fell 2.91 percent compared to last year to $161.44 million.
- Soybean oilcake, other solid residue, not ground rose 402.22 percent compared to last year to $137.92 million.
- Wheat rose 354.27 percent compared to last year to $137.29 million.
On the import side:
- Commercial vehicles fell 24.98 percent compared to last year to $2.56 billion.
- Beer fell 8.16 percent compared to last year to $1.15 billion.
- Passenger vehicles fell 33.28 percent compared to last year to $796.11 million.
- Motor vehicle parts fell 46.79 percent compared to last year to $323.53 million.
- Insulated wire, cable fell 43.68 percent compared to last year to $142.3 million.
Last year Eagle Pass posted total trade with the world of $29.68 billion. The Port’s deficit was $14.77 billion. Exports totaled $7.46 billion and imports came to $22.22 billion.