|1||Gasoline, other fuels||$527.63 M|
|3||Ethyl alcohol||$268.62 M|
|4||Harvesting machinery for poultry||$111.55 M|
|5||Motor vehicles for transporting people||$102.51 M|
|6||Self-propelled heavy construction machinery||$97.32 M|
|8||Commercial vehicles||$72.84 M|
|9||Grain sorghum||$59.46 M|
|10||Bombs, grenades, cartridges, parts||$44.4 M|
|1||Self-propelled heavy construction machinery||$682.81 M|
|2||Motor vehicles for transporting people||$441.16 M|
|4||Cranes, derricks, industrial-use vehicles||$212.32 M|
|5||Commercial vehicles||$168.38 M|
|6||Electric generating sets, rotary converters||$140.39 M|
|7||Bananas and plantains, fresh or dried||$110.58 M|
|8||Misc. engines and motors, parts||$101.33 M|
|9||Ship's derricks, cranes, mobile lifting frames||$85.56 M|
|10||Nitrogenous fertilizers||$84.17 M|
Port of Galveston, Texas’s trade increases 46.04 percent through October
Port of Galveston, Texas’s trade with the world rose 46.04 percent, from $3.74 billion to $5.46 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 Galveston, Texas ranked No. 83 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. 94. It finished No. 92 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 Galveston, Texas’s top trade parters were No. 1 Germany, No. 2 Brazil, No. 3 Japan, No. 4 The Netherlands and No. 5 Spain . Through the same period of the previous year, the top trade partners were held by Germany, Brazil, United Kingdom, China and Japan, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Germany rose 38.7 percent to $1.02 billion.
Exports rose 234.44 percent to $76.59 million. Imports rose 32.39 percent to $941.2 million.
- Trade with No. 2 Brazil rose 64.05 percent to $880.72 million.
Exports rose 115.81 percent to $410.25 million. Imports rose 35.68 percent to $470.47 million.
- Trade with No. 3 Japan rose 93.17 percent to $390.18 million.
Exports rose 902.85 percent to $63.98 million. Imports rose 66.76 percent to $326.2 million.
- Trade with No. 4 The Netherlands rose 300.93 percent to $263.26 million.
Exports rose 13723 percent to $199.99 million. Imports fell 1.47 percent to $63.27 million.
- Trade with No. 5 Spain rose 57.53 percent to $227.32 million.
Exports rose 448.4 percent to $27.13 million. Imports rose 43.65 percent to $200.18 million.
Port of Galveston, Texas’s top five trading partners through October accounted for 50.9 percent of its trade with the world.
Port of Galveston, Texas had trade surpluses with 75 countries and deficits with 41 through October. That compares with 67 surpluses and 48 deficits for the same period one year earlier. The top three surpluses through October of this year were with Taiwan, $148.54 million; Mexico, $143.83 million; and The Netherlands, $136.72 million. The top three deficits through October of this year were with Germany, $864.6 million; Japan, $262.21 million; and Spain, $173.05 million.
Through October it’s top exports were Gasoline, other fuels; Oil; Ethyl alcohol; Harvesting machinery for poultry; and Motor vehicles for transporting people, in that order. Those accounted for 63.1 percent of its total outbound trade. The Port’s top imports were Self-propelled heavy construction machinery; Motor vehicles for transporting people; Tractors; Cranes, derricks, industrial-use vehicles; and Commercial vehicles, accounting for 60.36 percent of all inbound shipments.
Looking more closely at Port of Galveston, Texas’s exports:
- Gasoline, other fuels rose 59.27 percent compared to last year to $527.63 million.
- Oil totaled $507.06 million. The previous year, there were no exports in this category.
- Ethyl alcohol rose 91.33 percent compared to last year to $268.62 million.
- Harvesting machinery for poultry rose 468.83 percent compared to last year to $111.55 million.
- Motor vehicles for transporting people rose 43.49 percent compared to last year to $102.51 million.
On the import side:
- Self-propelled heavy construction machinery rose 37.93 percent compared to last year to $682.81 million.
- Motor vehicles for transporting people rose 1.67 percent compared to last year to $441.16 million.
- Tractors rose 48.84 percent compared to last year to $340.05 million.
- Cranes, derricks, industrial-use vehicles rose 74.66 percent compared to last year to $212.32 million.
- Commercial vehicles rose 16.13 percent compared to last year to $168.38 million.
Last year Port of Galveston, Texas posted total trade with the world of $4.03 billion. The Port’s deficit was $1.19 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $1.42 billion and imports came to $2.61 billion.