|1||Petroleum gases, other gaseous hydrocarbons||$2.08 B|
|3||Motor vehicles for transporting people||$1 B|
|4||Sodium or potassium hydroxide or peroxide||$337.02 M|
|5||Gasoline, other fuels||$205.44 M|
|7||Commercial vehicles||$126.48 M|
|9||Phenols; phenol-alcohols||$88.05 M|
|10||Halogenated derivatives of hydrocarbons||$87.82 M|
|2||Motor vehicles for transporting people||$350.52 M|
|3||Gasoline, other fuels||$152.89 M|
|4||Ship's derricks, cranes, mobile lifting frames||$149.16 M|
|5||Steel ingots||$126.26 M|
|6||Self-propelled heavy construction machinery||$118.76 M|
|7||Bananas and plantains, fresh or dried||$89.12 M|
|8||Seamless iron tubes and pipes||$71.84 M|
|10||Cyclic hydrocarbons||$50.89 M|
Port of Freeport, Texas’s trade increases 43.79 percent through October
Port of Freeport, Texas’s trade with the world rose 43.79 percent, from $6.64 billion to $9.54 billion through the first 10 months of 2018 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 $3.51 trillion, with exports at $1.39 trillion and imports at $2.12 trillion. The nation’s total trade increased 9.25 percent compared to the same period last year. Exports rose 8.95 percent and imports rose 9.44 percent.
Port of Freeport, Texas ranked No. 69 for total trade among the nation’s roughly 450 airports, seaports and border crossings through October of 2018. During the same period of 2017 it ranked No. 76. It finished No. 75 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; Port Laredo; Chicago O’Hare International Airport; John F. Kennedy International Airport and Port of Newark.
Through October Port of Freeport, Texas’s top trade parters were No. 1 Mexico, No. 2 Japan, No. 3 China, No. 4 South Korea and No. 5 Saudi Arabia . Through the same period of the previous year, the top trade partners were held by Venezuela, China, Mexico, Japan and Saudi Arabia, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Mexico rose 146.42 percent to $1.36 billion.
Exports rose 6.57 percent to $226.21 million. Imports rose 233.78 percent to $1.13 billion.
- Trade with No. 2 Japan rose 138.25 percent to $1.1 billion.
Exports rose 226.81 percent to $812.49 million. Imports rose 34.88 percent to $287.3 million.
- Trade with No. 3 China rose 37.1 percent to $849.41 million.
Exports rose 30.76 percent to $784.58 million. Imports rose 231.34 percent to $64.83 million.
- Trade with No. 4 South Korea rose 81.14 percent to $654.98 million.
Exports rose 97.95 percent to $248.33 million. Imports rose 72.2 percent to $406.65 million.
- Trade with No. 5 Saudi Arabia rose 41.96 percent to $590.33 million.
Exports rose 41 percent to $578.58 million. Imports rose 114.32 percent to $11.74 million.
Port of Freeport, Texas’s top five trading partners through October accounted for 47.73 percent of its trade with the world.
Port of Freeport, Texas had trade surpluses with 80 countries and deficits with 14 through October. That compares with 68 surpluses and 15 deficits for the same period one year earlier. The top three surpluses through October of this year were with China, $719.74 million; Saudi Arabia, $566.84 million; and Japan, $525.19 million. The top three deficits through October of this year were with Mexico, $907.86 million; Canada, $170.7 million; and Ecuador, $165.36 million.
Through October it’s top exports were Petroleum gases, other gaseous hydrocarbons; Oil; Motor vehicles for transporting people; Sodium or potassium hydroxide or peroxide; and Gasoline, other fuels, in that order. Those accounted for 84 percent of its total outbound trade. The Port’s top imports were Oil; Motor vehicles for transporting people; Gasoline, other fuels; Ship’s derricks, cranes, mobile lifting frames; and Steel ingots, accounting for 78 percent of all inbound shipments.
Looking more closely at Port of Freeport, Texas’s exports:
- Petroleum gases, other gaseous hydrocarbons rose 71.89 percent compared to last year to $2.08 billion.
- Oil rose 140.2 percent compared to last year to $1.83 billion.
- Motor vehicles for transporting people rose 25.71 percent compared to last year to $1 billion.
- Sodium or potassium hydroxide or peroxide rose 29.19 percent compared to last year to $337.02 million.
- Gasoline, other fuels rose 235.29 percent compared to last year to $205.44 million.
On the import side:
- Oil rose 5.75 percent compared to last year to $1.6 billion.
- Motor vehicles for transporting people rose 93.68 percent compared to last year to $350.52 million.
- Gasoline, other fuels rose 12.25 percent compared to last year to $152.89 million.
- Ship’s derricks, cranes, mobile lifting frames rose 74.19 percent compared to last year to $149.16 million.
- Steel ingots totaled $126.26 million. The previous year, there were no imports in this category.
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, Germany, Iceland, Norway and The Netherlands. Exports totaled $3.41 billion and imports came to $2.85 billion.