Fort Worth Alliance Airport, Texas’s trade increases 135.85 percent through July

Fort Worth Alliance Airport, Texas’s trade with the world rose 135.85 percent, from $4.96 million to $11.69 million through the first seven 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 $2.08 trillion, with exports at $799.82 billion and imports at $1.28 trillion. The nation’s total trade decreased 13.79 percent compared to the same period last year. Exports fell 16.38 percent and imports fell 12.08 percent.

Fort Worth Alliance Airport, Texas ranked No. 271 for total trade among the nation’s roughly 450 airports, seaports and border crossings through July of 2020. During the same period of 2019 it ranked No. 310. It finished No. 272 in the last full year.

The nation’s top five “ports” — airports, seaports and border crossings — so far this year, by value, are Port of Los Angeles; Chicago O’Hare International Airport; John F. Kennedy International Airport; Port Laredo and Port of Newark.

Through July Fort Worth Alliance Airport, Texas’s top trade partners were No. 1 United Arab Emirates, No. 2 China, No. 3 Vietnam, No. 4 India and No. 5 Switzerland. Through the same period of the previous year, the top trade partners were held by Canada, Turkey, France, Mexico and Norway, respectively.

Taking a closer look at its leading trade partners:

• Trade with No. 1 United Arab Emirates rose 2634.79 percent to $3.62 million.
  Exports rose 2634.79 percent to $3.62 million. There were no imports.
• Trade with No. 2 China rose 32501 percent to $2.4 million.
  Exports totaled $2.4 million. There were no imports.
• Trade with No. 3 Vietnam totaled $1.84 million.
  There were no exports. Imports totaled $1.84 million.
• Trade with No. 4 India rose 53999 percent to $1.43 million.
  Exports rose 53999 percent to $1.43 million. There were no imports.
• Trade with No. 5 Switzerland totaled $1.28 million.
  Exports totaled $1.28 million. There were no imports.

Fort Worth Alliance Airport, Texas’s top five trading partners through July accounted for 92.11 percent of its trade with the world.

Fort Worth Alliance Airport, Texas had trade surpluses with seven countries and deficits with two through July. That compares with 16 surpluses and three deficits for the same period one year earlier. The top three surpluses through July of this year were with United Arab Emirates, $3.62 million; China, $2.4 million; and India, $1.43 million. The top three deficits through July of this year were with Vietnam, $1.84 million; Ukraine, $44,600; and Sri Lanka, $0.

Through July its top exports were Miscellaneous machines, parts; Cell phones, related equipment; Civilian aircraft, parts; Electrical boards, panels and switches; and Machinery for heating and sterilizing, in that order. Those accounted for 92.04 percent of its total outbound trade. The Port’s top imports were Misc. plastic articles; Lifting, handling, loading, unloading machines; Misc. articles made from textile materials; Civilian aircraft, parts; and Electrical boards, panels and switches, accounting for 100 percent of all inbound shipments.

Looking more closely at Fort Worth Alliance Airport, Texas’s exports:

• Miscellaneous machines, parts totaled $3.99 million. The previous year, there were no exports in this category.
• Cell phones, related equipment rose 2286.13 percent compared to last year to $3.63 million.
• Civilian aircraft, parts fell 82.05 percent compared to last year to $473,158.
• Electrical boards, panels and switches totaled $472,652. The previous year, there were no exports in this category.
• Machinery for heating and sterilizing totaled $448,377. The previous year, there were no exports in this category.

On the import side:

• Misc. plastic articles totaled $1.84 million. The previous year, there were no imports in this category.
• Lifting, handling, loading, unloading machines rose 2069.26 percent compared to last year to $44,600.
• Misc. articles made from textile materials totaled $15,000. The previous year, there were no imports in this category.
• Civilian aircraft, parts totaled $0. The previous year, there were no imports in this category.
• Electrical boards, panels and switches totaled $0. The previous year, there were no imports in this category.

Last year Fort Worth Alliance Airport, Texas posted total trade with the world of $25.27 million. The Port’s surplus was $24.84 million. Exports totaled $25.05 million and imports came to $215,693.