|2||Petroleum gases, other gaseous hydrocarbons||$1.5 B|
|3||Motor vehicles for transporting people||$536.11 M|
|4||Gasoline, other fuels||$177.47 M|
|5||Sodium or potassium hydroxide or peroxide||$168.03 M|
|6||Polymers of vinyl chloride||$136.27 M|
|8||Acyclic hydrocarbons||$96.3 M|
|9||Halogenated derivatives of hydrocarbons||$88.94 M|
|10||Polyethers, epoxides and polyesters, primary forms||$75.92 M|
|2||Motor vehicles for transporting people||$286.7 M|
|3||Ship's derricks, cranes, mobile lifting frames||$185.67 M|
|4||Self-propelled heavy construction machinery||$166.94 M|
|5||Steel ingots||$150.72 M|
|6||Bananas and plantains, fresh or dried||$62.44 M|
|7||Cranes, derricks, industrial-use vehicles||$40.53 M|
|8||Acyclic hydrocarbons||$29.13 M|
|9||Fork-lifts, other trucks with lifts||$24.09 M|
|10||Cyclic hydrocarbons||$21.53 M|
Port of Freeport, Texas’s trade decreases 4.66 percent through August
Port of Freeport, Texas’s trade with the world fell 4.66 percent, from $7.64 billion to $7.29 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 Freeport, Texas ranked No. 69 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 Freeport, Texas’s top trade partners were No. 1 Japan, No. 2 Mexico, No. 3 China, No. 4 India and No. 5 South Korea. Through the same period of the previous year, the top trade partners were held by Mexico, Japan, China, Saudi Arabia and South Korea, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Japan rose 8.33 percent to $893.55 million.
Exports fell 3.85 percent to $559.39 million. Imports rose 37.49 percent to $334.16 million.
- Trade with No. 2 Mexico fell 20.41 percent to $835.61 million.
Exports fell 18.08 percent to $157.19 million. Imports fell 20.93 percent to $678.42 million.
- Trade with No. 3 China fell 29.92 percent to $570.84 million.
Exports fell 27.86 percent to $550.27 million. Imports fell 60.22 percent to $20.57 million.
- Trade with No. 4 India rose 239.62 percent to $532.23 million.
Exports rose 196.62 percent to $462.65 million. Imports rose 9329.97 percent to $69.58 million.
- Trade with No. 5 South Korea fell 2.46 percent to $476.38 million.
Exports rose 49.87 percent to $199.29 million. Imports fell 22.04 percent to $277.09 million.
Port of Freeport, Texas’s top five trading partners through August accounted for 45.39 percent of its trade with the world.
Port of Freeport, Texas had trade surpluses with 76 countries and deficits with 15 through August. That compares with 73 surpluses and 14 deficits for the same period one year earlier. The top three surpluses through August of this year were with China, $529.7 million; India, $393.07 million; and Saudi Arabia, $386.54 million. The top three deficits through August of this year were with Mexico, $521.23 million; Colombia, $92.36 million; and Canada, $79.25 million.
Through August its top exports were Oil; Petroleum gases, other gaseous hydrocarbons; Motor vehicles for transporting people; Gasoline, other fuels; and Sodium or potassium hydroxide or peroxide, in that order. Those accounted for 80.37 percent of its total outbound trade. The Port’s top imports were Oil; Motor vehicles for transporting people; Ship’s derricks, cranes, mobile lifting frames; Self-propelled heavy construction machinery; and Steel ingots, accounting for 86.82 percent of all inbound shipments.
Looking more closely at Port of Freeport, Texas’s exports:
- Oil rose 18.39 percent compared to last year to $1.77 billion.
- Petroleum gases, other gaseous hydrocarbons fell 10.32 percent compared to last year to $1.5 billion.
- Motor vehicles for transporting people fell 35.99 percent compared to last year to $536.11 million.
- Gasoline, other fuels rose 15.13 percent compared to last year to $177.47 million.
- Sodium or potassium hydroxide or peroxide fell 38.77 percent compared to last year to $168.03 million.
On the import side:
- Oil fell 15.93 percent compared to last year to $1.05 billion.
- Motor vehicles for transporting people fell 2.51 percent compared to last year to $286.7 million.
- Ship’s derricks, cranes, mobile lifting frames rose 47.1 percent compared to last year to $185.67 million.
- Self-propelled heavy construction machinery rose 63.64 percent compared to last year to $166.94 million.
- Steel ingots rose 138.33 percent compared to last year to $150.72 million.
Last year Port of Freeport, Texas posted total trade with the world of $11.37 billion. The Port’s surplus was $4.04 billion. At the end of the year, the port’s top five trade partners were Mexico, Japan, China, South Korea and Saudi Arabia. Exports totaled $7.7 billion and imports came to $3.67 billion.