|2||Gasoline, other fuels||$4.14 B|
|3||Petroleum gases, other gaseous hydrocarbons||$962.88 M|
|4||Misc. machinery for moving, grading||$837.91 M|
|5||Halogenated derivatives of hydrocarbons||$384.55 M|
|6||Cyclic hydrocarbons||$294.04 M|
|7||Spongy ferrous products, iron 99.94% pure||$192.51 M|
|9||Petroleum products||$147.61 M|
|10||Sodium or potassium hydroxide or peroxide||$145.83 M|
|2||Gasoline, other fuels||$875.08 M|
|3||Iron ores and concentrates||$231.71 M|
|4||Misc. engines and motors, parts||$178.44 M|
|5||Misc. iron, steel tubes, pipes||$72.57 M|
|6||Aircraft engines, engine parts||$72.2 M|
|7||Misc. iron or steel structures and parts||$52.53 M|
|8||Natural Barium Sulfate; Nat Barium Carbonate 2511||$37.14 M|
|9||Compressors and pumps||$33.36 M|
|10||Machinery for heating and sterilizing||$32.27 M|
Port of Corpus Christi, Texas’s trade increases 1.39 percent through August
Port of Corpus Christi, Texas’s trade with the world rose 1.39 percent, from $18.7 billion to $18.96 billion through the first eight months of 2019 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 $2.77 trillion, with exports at $1.1 trillion and imports at $1.67 trillion. The nation’s total trade decreased 0.32 percent compared to the same period last year. Exports fell 0.71 percent and imports fell 0.07 percent.
Port of Corpus Christi, Texas ranked No. 34 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August of 2019.
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 August Port of Corpus Christi, Texas’s top trade partners were No. 1 Mexico, No. 2 South Korea, No. 3 The Netherlands, No. 4 Colombia and No. 5 Brazil. Through the same period of the previous year, the top trade partners were held by Mexico, Venezuela, China, Taiwan and Colombia, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Mexico fell 10.69 percent to $1.89 billion.
Exports fell 13.84 percent to $1.48 billion. Imports rose 2.86 percent to $411.93 million.
- Trade with No. 2 South Korea rose 124.61 percent to $1.82 billion.
Exports rose 128.19 percent to $1.79 billion. Imports rose 22.54 percent to $33.61 million.
- Trade with No. 3 The Netherlands rose 179.75 percent to $1.34 billion.
Exports rose 188.38 percent to $1.32 billion. Imports rose 2.8 percent to $22.92 million.
- Trade with No. 4 Colombia rose 9 percent to $1.12 billion.
Exports fell 20.84 percent to $730.67 million. Imports rose 274.07 percent to $388.56 million.
- Trade with No. 5 Brazil rose 83.18 percent to $1.05 billion.
Exports rose 102.66 percent to $916.01 million. Imports rose 10.44 percent to $133.69 million.
Port of Corpus Christi, Texas’s top five trading partners through August accounted for 38.09 percent of its trade with the world.
Port of Corpus Christi, Texas had trade surpluses with 63 countries and deficits with 17 through August. That compares with 59 surpluses and 24 deficits for the same period one year earlier. The top three surpluses through August of this year were with South Korea, $1.75 billion; The Netherlands, $1.3 billion; and Mexico, $1.07 billion. The top three deficits through August of this year were with Iraq, $875.99 million; Egypt, $376.15 million; and Russia, $231.13 million.
Through August its top exports were Oil; Gasoline, other fuels; Petroleum gases, other gaseous hydrocarbons; Misc. machinery for moving, grading; and Halogenated derivatives of hydrocarbons, in that order. Those accounted for 91.67 percent of its total outbound trade. The Port’s top imports were Oil; Gasoline, other fuels; Iron ores and concentrates; Misc. engines and motors, parts; and Misc. iron, steel tubes, pipes, accounting for 90.19 percent of all inbound shipments.
Looking more closely at Port of Corpus Christi, Texas’s exports:
- Oil rose 10.32 percent compared to last year to $7.47 billion.
- Gasoline, other fuels fell 22.21 percent compared to last year to $4.14 billion.
- Petroleum gases, other gaseous hydrocarbons rose 262.81 percent compared to last year to $962.88 million.
- Misc. machinery for moving, grading totaled $837.91 million. The previous year, there were no exports in this category.
- Halogenated derivatives of hydrocarbons fell 1.13 percent compared to last year to $384.55 million.
On the import side:
- Oil fell 24.25 percent compared to last year to $2.17 billion.
- Gasoline, other fuels fell 15.66 percent compared to last year to $875.08 million.
- Iron ores and concentrates rose 64.7 percent compared to last year to $231.71 million.
- Misc. engines and motors, parts rose 162.25 percent compared to last year to $178.44 million.
- Misc. iron, steel tubes, pipes fell 35.37 percent compared to last year to $72.57 million.
Last year Port of Corpus Christi, Texas posted total trade with the world of $29.51 billion. The Port’s surplus was $15.16 billion. At the end of the year, the port’s top five trade partners were Mexico, Venezuela, Taiwan, Colombia and South Korea. Exports totaled $22.34 billion and imports came to $7.17 billion.