|1||LNG, other petroleum gases||$1.63 B|
|3||Passenger vehicles||$334.18 M|
|4||Gasoline, other fuels||$94.75 M|
|5||Cranes, derricks, industrial-use vehicles||$82.94 M|
|7||Acyclic alcohols||$62.03 M|
|8||Sodium or potassium hydroxide or peroxide||$55.32 M|
|9||Polymers of vinyl chloride||$53.06 M|
|10||Halogenated derivatives of hydrocarbons||$39.32 M|
|2||Passenger vehicles||$249.1 M|
|3||Steel ingots||$108.86 M|
|4||Self-propelled heavy construction machinery||$67.03 M|
|5||Ship's derricks, cranes, mobile lifting frames||$56.65 M|
|6||Bananas and plantains, fresh or dried||$36.19 M|
|7||Cranes, derricks, industrial-use vehicles||$35.04 M|
|8||Gasoline, other fuels||$20.64 M|
|9||Halogenated derivatives of hydrocarbons||$8.85 M|
|10||Cyclic hydrocarbons||$6.91 M|
Port of Freeport, Texas’s trade increases 6.61 percent through May
Port of Freeport, Texas’s trade with the world rose 6.61 percent, from $4.33 billion to $4.62 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.
Port of Freeport, Texas ranked No. 66 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 Port of Freeport, Texas’s top trade partners were No. 1 Japan, No. 2 Mexico, No. 3 South Korea, No. 4 China and No. 5 Saudi Arabia. Through the same period of the previous year, the top trade partners were held by India, Japan, Mexico, Saudi Arabia and South Korea, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Japan rose 44.82 percent to $682.61 million.
Exports rose 170.59 percent to $570.72 million. Imports fell 57.04 percent to $111.89 million.
- Trade with No. 2 Mexico fell 3.19 percent to $433.84 million.
Exports fell 74.72 percent to $87.14 million. Imports rose 235 percent to $346.71 million.
- Trade with No. 3 South Korea rose 25.6 percent to $322.31 million.
Exports fell 11.92 percent to $131.44 million. Imports rose 77.74 percent to $190.86 million.
- Trade with No. 4 China rose 129.38 percent to $284.09 million.
Exports rose 1422.28 percent to $239.9 million. Imports fell 59.12 percent to $44.19 million.
- Trade with No. 5 Saudi Arabia rose 1.95 percent to $264.72 million.
Exports totaled $264.72 million. Imports fell 100 percent to $5,937.
Port of Freeport, Texas’s top five trading partners through May accounted for 43.05 percent of its trade with the world.
Port of Freeport, Texas had trade surpluses with 83 countries and deficits with 15 through May. That compares with 12 surpluses and 69 deficits for the same period one year earlier. The top three surpluses through May of this year were with Japan, $458.83 million; Saudi Arabia, $264.71 million; and China, $195.71 million. The top three deficits through May of this year were with Mexico, $259.57 million; Romania, $90.22 million; and Colombia, $89.05 million.
Through May its top exports were LNG, other petroleum gases; Oil; Passenger vehicles; Gasoline, other fuels; and Cranes, derricks, industrial-use vehicles, in that order. Those accounted for 80.53 percent of its total outbound trade. The Port’s top imports were Oil; Passenger vehicles; Steel ingots; Self-propelled heavy construction machinery; and Ship’s derricks, cranes, mobile lifting frames, accounting for 86.67 percent of all inbound shipments.
Looking more closely at Port of Freeport, Texas’s exports:
- LNG, other petroleum gases rose 64.01 percent compared to last year to $1.63 billion.
- Oil fell 38.38 percent compared to last year to $607.15 million.
- Passenger vehicles rose 1.35 percent compared to last year to $334.18 million.
- Gasoline, other fuels fell 26.33 percent compared to last year to $94.75 million.
- Cranes, derricks, industrial-use vehicles rose 209.33 percent compared to last year to $82.94 million.
On the import side:
- Oil rose 4.37 percent compared to last year to $559.91 million.
- Passenger vehicles rose 59.1 percent compared to last year to $249.1 million.
- Steel ingots rose 28.17 percent compared to last year to $108.86 million.
- Self-propelled heavy construction machinery fell 33.03 percent compared to last year to $67.03 million.
- Ship’s derricks, cranes, mobile lifting frames fell 53.81 percent compared to last year to $56.65 million.
Last year Port of Freeport, Texas posted total trade with the world of $11.48 billion. The Port’s surplus was $4.83 billion. Exports totaled $8.15 billion and imports came to $3.33 billion.