|1||Gasoline, other fuels||$7.78 B|
|3||LNG, other petroleum gases||$3.52 B|
|5||Acyclic hydrocarbons||$1.16 B|
|6||Cyclic hydrocarbons||$810.36 M|
|7||Ethers, ether-alcohols, alcohol peroxides etc.||$764.32 M|
|8||Parts for heavy machinery||$443.14 M|
|10||Acetic acids, vinyl acetates, etc.||$414.52 M|
|1||Gasoline, other fuels||$2.2 B|
|3||Passenger vehicles||$1.02 B|
|4||Seamless iron tubes and pipes||$640.16 M|
|5||Misc. raw materials for industrial manufacturing||$456.91 M|
|6||Taps, cocks and valves for pipes, tanks||$433.22 M|
|7||Returned exports, without change||$392.71 M|
|8||Cyclic hydrocarbons||$379.48 M|
|9||Power supplies, transformers||$370.85 M|
|10||Furniture, parts||$361.14 M|
Port of Houston’s trade decreases 20.08 percent through June
Port of Houston’s trade with the world fell 20.08 percent, from $79.74 billion to $63.73 billion through the first six 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 $1.77 trillion, with exports at $687.16 billion and imports at $1.08 trillion. The nation’s total trade decreased 14.28 percent compared to the same period last year. Exports fell 16.57 percent and imports fell 12.75 percent.
Port of Houston ranked No. 6 for total trade among the nation’s roughly 450 airports, seaports and border crossings through June 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; Port of Newark and John F. Kennedy International Airport.
Through June Port of Houston’s top trade partners were No. 1 China, No. 2 Mexico, No. 3 Brazil, No. 4 Germany and No. 5 South Korea. Through the same period of the previous year, the top trade partners were held by Mexico, China, Brazil, Germany and The Netherlands, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 8.39 percent to $5.45 billion.
Exports rose 28.69 percent to $1.88 billion. Imports fell 20.42 percent to $3.57 billion.
- Trade with No. 2 Mexico fell 34.33 percent to $4.67 billion.
Exports fell 30.9 percent to $3.02 billion. Imports fell 39.77 percent to $1.66 billion.
- Trade with No. 3 Brazil fell 11.52 percent to $4.17 billion.
Exports fell 14.34 percent to $2.86 billion. Imports fell 4.65 percent to $1.31 billion.
- Trade with No. 4 Germany fell 18.13 percent to $3.24 billion.
Exports fell 14.25 percent to $981.42 million. Imports fell 19.71 percent to $2.26 billion.
- Trade with No. 5 South Korea fell 18.9 percent to $2.89 billion.
Exports fell 19.46 percent to $1.58 billion. Imports fell 18.23 percent to $1.31 billion.
Port of Houston’s top five trading partners through June accounted for 32.05 percent of its trade with the world.
Port of Houston had trade surpluses with 147 countries and deficits with 54 through June. That compares with 146 surpluses and 54 deficits for the same period one year earlier. The top three surpluses through June of this year were with The Netherlands, $1.74 billion; Japan, $1.64 billion; and Brazil, $1.55 billion. The top three deficits through June of this year were with China, $1.7 billion; Germany, $1.28 billion; and Russia, $918.73 million.
Through June its top exports were Gasoline, other fuels; Oil; LNG, other petroleum gases; Plastics; and Acyclic hydrocarbons, in that order. Those accounted for 55.48 percent of its total outbound trade. The Port’s top imports were Gasoline, other fuels; Oil; Passenger vehicles; Seamless iron tubes and pipes; and Misc. raw materials for industrial manufacturing, accounting for 24.51 percent of all inbound shipments.
Looking more closely at Port of Houston’s exports:
- Gasoline, other fuels fell 13.82 percent compared to last year to $7.78 billion.
- Oil fell 43.77 percent compared to last year to $5.45 billion.
- LNG, other petroleum gases fell 9.53 percent compared to last year to $3.52 billion.
- Plastics rose 10.51 percent compared to last year to $3.05 billion.
- Acyclic hydrocarbons fell 13.2 percent compared to last year to $1.16 billion.
On the import side:
- Gasoline, other fuels fell 28.63 percent compared to last year to $2.2 billion.
- Oil fell 49.92 percent compared to last year to $2.05 billion.
- Passenger vehicles fell 39.99 percent compared to last year to $1.02 billion.
- Seamless iron tubes and pipes fell 49.68 percent compared to last year to $640.16 million.
- Misc. raw materials for industrial manufacturing fell 5.7 percent compared to last year to $456.91 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.