|1||Ethyl alcohol||$221.33 M|
|2||Commercial vehicles||$51.47 M|
|3||Self-propelled heavy construction machinery||$42.53 M|
|5||Passenger vehicles||$28.04 M|
|6||Misc. machinery for moving, grading||$21.32 M|
|7||Bombs, grenades, cartridges, parts||$16.81 M|
|10||Potassic fertilizers||$13.04 M|
|1||Self-propelled heavy construction machinery||$167.2 M|
|3||Passenger vehicles||$109.36 M|
|4||Cranes, derricks, industrial-use vehicles||$71.62 M|
|5||Ship's derricks, cranes, mobile lifting frames||$69.11 M|
|6||Transmission shafts, bearings, gears||$66.35 M|
|7||Misc. engines and motors, parts||$62.63 M|
|8||Bananas and plantains, fresh or dried||$49.85 M|
|9||Electric generating sets, rotary converters||$49.38 M|
|10||Nitrogenous fertilizers||$45.37 M|
Port of Galveston, Texas’s trade decreases 12.54 percent through March
Port of Galveston, Texas’s trade with the world fell 12.54 percent, from $1.59 billion to $1.39 billion through the first three 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 $964.77 billion, with exports at $395.69 billion and imports at $569.09 billion. The nation’s total trade decreased 4.16 percent compared to the same period last year. Exports fell 3.07 percent and imports fell 4.91 percent.
Port of Galveston, Texas ranked No. 86 for total trade among the nation’s roughly 450 airports, seaports and border crossings through March 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; John F. Kennedy International Airport and Port of Newark.
Through March Port of Galveston, Texas’s top trade partners were No. 1 Germany, No. 2 Brazil, No. 3 India, No. 4 Spain and No. 5 Guatemala. Through the same period of the previous year, the top trade partners were held by Germany, Brazil, Japan, United Kingdom and Guatemala, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Germany rose 2.02 percent to $358.49 million.
Exports fell 9.12 percent to $15.35 million. Imports rose 2.58 percent to $343.14 million.
- Trade with No. 2 Brazil fell 33.77 percent to $201.85 million.
Exports fell 28.67 percent to $102.17 million. Imports fell 38.29 percent to $99.68 million.
- Trade with No. 3 India rose 419.61 percent to $118.5 million.
Exports rose 1191.92 percent to $89 million. Imports rose 85.35 percent to $29.5 million.
- Trade with No. 4 Spain rose 120.2 percent to $72.55 million.
Exports fell 67.67 percent to $3.96 million. Imports rose 231.46 percent to $68.59 million.
- Trade with No. 5 Guatemala rose 21.31 percent to $64.75 million.
Exports rose 25.17 percent to $21.56 million. Imports rose 19.48 percent to $43.2 million.
Port of Galveston, Texas’s top five trading partners through March accounted for 58.71 percent of its trade with the world.
Port of Galveston, Texas had trade surpluses with 48 countries and deficits with 40 through March. That compares with 59 surpluses and 36 deficits for the same period one year earlier. The top three surpluses through March of this year were with India, $59.5 million; Chile, $34.74 million; and Nigeria, $28.27 million. The top three deficits through March of this year were with Germany, $327.79 million; Spain, $64.63 million; and Japan, $58.32 million.
Through March its top exports were Ethyl alcohol; Self-propelled heavy construction machinery; Commercial vehicles; Carbonates; and Passenger vehicles, in that order. Those accounted for 71.66 percent of its total outbound trade. The Port’s top imports were Self-propelled heavy construction machinery; Tractors; Passenger vehicles; Cranes, derricks, industrial-use vehicles; and Ship’s derricks, cranes, mobile lifting frames, accounting for 46.26 percent of all inbound shipments.
Looking more closely at Port of Galveston, Texas’s exports:
- Ethyl alcohol rose 57.16 percent compared to last year to $194.03 million.
- Self-propelled heavy construction machinery rose 88.81 percent compared to last year to $40.21 million.
- Commercial vehicles rose 70.34 percent compared to last year to $38.23 million.
- Carbonates rose 269.69 percent compared to last year to $35.05 million.
- Passenger vehicles fell 3.73 percent compared to last year to $26.72 million.
On the import side:
- Self-propelled heavy construction machinery fell 57.51 percent compared to last year to $126.59 million.
- Tractors fell 34.64 percent compared to last year to $86.84 million.
- Passenger vehicles fell 28.28 percent compared to last year to $86.25 million.
- Cranes, derricks, industrial-use vehicles fell 9.94 percent compared to last year to $68.02 million.
- Ship’s derricks, cranes, mobile lifting frames rose 113.4 percent compared to last year to $59.54 million.
Last year Port of Galveston, Texas posted total trade with the world of $6.48 billion. The Port’s deficit was $1.43 billion. Exports totaled $2.53 billion and imports came to $3.95 billion.