|1||Gasoline, other fuels||$9.87 B|
|3||LNG, other petroleum gases||$4.7 B|
|5||Acyclic hydrocarbons||$1.53 B|
|6||Cyclic hydrocarbons||$1.08 B|
|7||Ethers, ether-alcohols, alcohol peroxides etc.||$964.23 M|
|8||Parts for heavy machinery||$569.9 M|
|9||Acetic acids, vinyl acetates, etc.||$532.13 M|
|2||Gasoline, other fuels||$2.7 B|
|3||Passenger vehicles||$1.35 B|
|4||Seamless iron tubes and pipes||$760.96 M|
|5||Misc. raw materials for industrial manufacturing||$677.4 M|
|6||Returned exports, without change||$571.8 M|
|7||Taps, cocks and valves for pipes, tanks||$557.06 M|
|8||Furniture, parts||$539.84 M|
|9||Power supplies, transformers||$452.92 M|
|10||Photo-sensitive semi-conductors, parts||$448.44 M|
Port of Houston’s trade decreases 21.82 percent through August
Port of Houston’s trade with the world fell 21.82 percent, from $107.21 billion to $83.81 billion through the first eight 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 $2.4 trillion, with exports at $917.89 billion and imports at $1.48 trillion. The nation’s total trade decreased 13.21 percent compared to the same period last year. Exports fell 16.18 percent and imports fell 11.26 percent.
Port of Houston ranked No. 6 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August of 2020. During the same period of 2019 it ranked No. 6. It finished No. 6 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; Chicago O’Hare International Airport; John F. Kennedy International Airport; Port Laredo and Port of Newark.
Through August Port of Houston’s top trade partners were No. 1 China, No. 2 Mexico, No. 3 Brazil, No. 4 Germany and No. 5 The Netherlands. Through the same period of the previous year, the top trade partners were held by Mexico, China, Brazil, South Korea and Germany, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 1.25 percent to $7.93 billion.
Exports rose 43.5 percent to $2.76 billion. Imports fell 15.33 percent to $5.17 billion.
- Trade with No. 2 Mexico fell 37.19 percent to $6 billion.
Exports fell 34.66 percent to $3.82 billion. Imports fell 41.2 percent to $2.17 billion.
- Trade with No. 3 Brazil fell 15.71 percent to $5.59 billion.
Exports fell 17.53 percent to $3.93 billion. Imports fell 11.06 percent to $1.66 billion.
- Trade with No. 4 Germany fell 20.7 percent to $4.18 billion.
Exports fell 15.81 percent to $1.26 billion. Imports fell 22.63 percent to $2.92 billion.
- Trade with No. 5 The Netherlands fell 26.4 percent to $3.59 billion.
Exports fell 27.28 percent to $2.98 billion. Imports fell 21.84 percent to $614.43 million.
Port of Houston’s top five trading partners through August accounted for 32.57 percent of its trade with the world.
Port of Houston had trade surpluses with 150 countries and deficits with 57 through August. That compares with 149 surpluses and 55 deficits for the same period one year earlier. The top three surpluses through August of this year were with The Netherlands, $2.36 billion; Japan, $2.27 billion; and Brazil, $2.27 billion. The top three deficits through August of this year were with China, $2.42 billion; Germany, $1.67 billion; and Russia, $1.12 billion.
Through August its top exports were Gasoline, other fuels; Oil; LNG, other petroleum gases; Plastics; and Acyclic hydrocarbons, in that order. Those accounted for 55.22 percent of its total outbound trade. The Port’s top imports were Oil; Gasoline, other fuels; Passenger vehicles; Seamless iron tubes and pipes; and Misc. raw materials for industrial manufacturing, accounting for 23.81 percent of all inbound shipments.
Looking more closely at Port of Houston’s exports:
- Gasoline, other fuels fell 19.52 percent compared to last year to $9.87 billion.
- Oil fell 45.31 percent compared to last year to $7.07 billion.
- LNG, other petroleum gases fell 4.98 percent compared to last year to $4.7 billion.
- Plastics rose 6.78 percent compared to last year to $4.03 billion.
- Acyclic hydrocarbons fell 14.92 percent compared to last year to $1.53 billion.
On the import side:
- Oil fell 48.68 percent compared to last year to $2.73 billion.
- Gasoline, other fuels fell 38.69 percent compared to last year to $2.7 billion.
- Passenger vehicles fell 40.1 percent compared to last year to $1.35 billion.
- Seamless iron tubes and pipes fell 53.47 percent compared to last year to $760.96 million.
- Misc. raw materials for industrial manufacturing rose 0.75 percent compared to last year to $677.4 million.
Last year Port of Houston posted total trade with the world of $158.27 billion. The Port’s surplus was $29.49 billion. Exports totaled $93.88 billion and imports came to $64.39 billion.