|2||Petroleum gases, other gaseous hydrocarbons||$326.82 M|
|3||Gasoline, other fuels||$61.38 M|
|4||Sodium or potassium hydroxide or peroxide||$43.79 M|
|5||Motor vehicles for transporting people||$33.53 M|
|6||Polymers of vinyl chloride||$31.06 M|
|8||Cranes, derricks, industrial-use vehicles||$19.76 M|
|9||Acyclic hydrocarbons||$18.35 M|
|10||Halogenated derivatives of hydrocarbons||$17.69 M|
|2||Motor vehicles for transporting people||$55.55 M|
|3||Steel ingots||$48.3 M|
|4||Self-propelled heavy construction machinery||$27.44 M|
|5||Ship's derricks, cranes, mobile lifting frames||$23.56 M|
|6||Bananas and plantains, fresh or dried||$16.73 M|
|7||Seamless iron tubes and pipes||$12.52 M|
|8||Amine-function compounds||$7.38 M|
|9||Acyclic hydrocarbons||$7.22 M|
|10||Fork-lifts, other trucks with lifts||$4.4 M|
Port of Freeport, Texas’s trade decreases 15.05 percent through February
Port of Freeport, Texas’s trade with the world fell 15.05 percent, from $1.61 billion to $1.37 billion through the first two 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 $650.55 billion, with exports at $260.05 billion and imports at $390.5 billion. The nation’s total trade increased 1.11 percent compared to the same period last year. Exports rose 2.61 percent and imports rose 0.14 percent.
Port of Freeport, Texas ranked No. 77 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February 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; Port of Newark; John F. Kennedy International Airport and Chicago O’Hare International Airport.
Through February Port of Freeport, Texas’s top trade parters were No. 1 India, No. 2 Japan, No. 3 Mexico, No. 4 Dominican Republic and No. 5 Brazil . Through the same period of the previous year, the top trade partners were held by China, Saudi Arabia, Mexico, Japan and Colombia, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 India rose 9857.41 percent to $303.42 million.
Exports rose 9811 percent to $281.23 million. Imports rose 10486 percent to $22.19 million.
- Trade with No. 2 Japan rose 9.15 percent to $124.26 million.
Exports rose 19.31 percent to $77.98 million. Imports fell 4.56 percent to $46.28 million.
- Trade with No. 3 Mexico fell 39.3 percent to $102.63 million.
Exports fell 3.7 percent to $62.18 million. Imports fell 61.3 percent to $40.45 million.
- Trade with No. 4 Dominican Republic rose 10449 percent to $87.84 million.
Exports rose 10449 percent to $87.84 million. There were no imports.
- Trade with No. 5 Brazil rose 64.36 percent to $61.12 million.
Exports rose 64.14 percent to $60.57 million. Imports rose 93.13 percent to $546,623.
Port of Freeport, Texas’s top five trading partners through February accounted for 49.57 percent of its trade with the world.
Port of Freeport, Texas had trade surpluses with 54 countries and deficits with nine through February. That compares with 49 surpluses and 13 deficits for the same period one year earlier. The top three surpluses through February of this year were with India, $259.05 million; Dominican Republic, $87.84 million; and Saudi Arabia, $60.49 million. The top three deficits through February of this year were with South Korea, $41.9 million; Romania, $33.29 million; and Colombia, $29.87 million.
Through February it’s top exports were Oil; Petroleum gases, other gaseous hydrocarbons; Gasoline, other fuels; Sodium or potassium hydroxide or peroxide; and Motor vehicles for transporting people, in that order. Those accounted for 79.49 percent of its total outbound trade. The Port’s top imports were Oil; Motor vehicles for transporting people; Steel ingots; Self-propelled heavy construction machinery; and Ship’s derricks, cranes, mobile lifting frames, accounting for 75.09 percent of all inbound shipments.
Looking more closely at Port of Freeport, Texas’s exports:
- Oil rose 27.35 percent compared to last year to $392.16 million.
- Petroleum gases, other gaseous hydrocarbons fell 13.78 percent compared to last year to $326.82 million.
- Gasoline, other fuels rose 798.62 percent compared to last year to $61.38 million.
- Sodium or potassium hydroxide or peroxide fell 7.19 percent compared to last year to $43.79 million.
- Motor vehicles for transporting people fell 89.04 percent compared to last year to $33.53 million.
On the import side:
- Oil fell 62.5 percent compared to last year to $63.93 million.
- Motor vehicles for transporting people rose 16.49 percent compared to last year to $55.55 million.
- Steel ingots totaled $48.3 million. The previous year, there were no imports in this category.
- Self-propelled heavy construction machinery rose 25.62 percent compared to last year to $27.44 million.
- Ship’s derricks, cranes, mobile lifting frames rose 0.59 percent compared to last year to $23.56 million.
Last year Port of Freeport, Texas posted total trade with the world of $6.27 billion. The Port’s surplus was $557.72 million . At the end of the year, the port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $3.41 billion and imports came to $2.85 billion.