|1||Petroleum gases, other gaseous hydrocarbons||$2.88 B|
|2||Gasoline, other fuels||$2.71 B|
|3||Petroleum products||$436.27 M|
|4||Sodium or potassium hydroxide or peroxide||$219.44 M|
|5||Cyclic hydrocarbons||$129.63 M|
|6||Halogenated derivatives of hydrocarbons||$84.68 M|
|9||Soybean oilcake, other solid residue, not ground||$25.23 M|
|2||Titanium Ores and Concentrates 2614||$117.82 M|
|3||Aluminum, unwrought||$85.34 M|
|4||Misc. aluminum oxides and hydroxides||$43.55 M|
|5||Gasoline, other fuels||$19.01 M|
|6||Natural Barium Sulfate; Nat Barium Carbonate 2511||$17.09 M|
|7||Petroleum products||$16.22 M|
|8||Machinery for heating and sterilizing||$14.44 M|
|9||Electric motors, generators, not sets||$12.3 M|
|10||Pebbles, gravel||$7.34 M|
Port of Lake Charles, La.’s trade increases 32.9 percent through October
Port of Lake Charles, La.’s trade with the world rose 32.9 percent, from $8.73 billion to $11.6 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 Lake Charles, La. ranked No. 63 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. 65. It finished No. 65 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 Lake Charles, La.’s top trade parters were No. 1 Venezuela, No. 2 Mexico, No. 3 Saudi Arabia, No. 4 South Korea and No. 5 Colombia . Through the same period of the previous year, the top trade partners were held by Mexico, Venezuela, Saudi Arabia, South Korea and Brazil, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Venezuela rose 55.65 percent to $2.33 billion.
Exports rose 27.81 percent to $253.3 million. Imports rose 59.9 percent to $2.07 billion.
- Trade with No. 2 Mexico rose 20.92 percent to $2.29 billion.
Exports rose 10.6 percent to $1.62 billion. Imports rose 55.43 percent to $678.61 million.
- Trade with No. 3 Saudi Arabia rose 27.54 percent to $972.68 million.
Exports totaled $21,844. Imports rose 27.53 percent to $972.66 million.
- Trade with No. 4 South Korea rose 85.04 percent to $879.51 million.
Exports rose 114.95 percent to $876.62 million. Imports fell 95.71 percent to $2.9 million.
- Trade with No. 5 Colombia rose 187.96 percent to $478.07 million.
Exports rose 130.23 percent to $154.35 million. Imports rose 227.07 percent to $323.72 million.
Port of Lake Charles, La.’s top five trading partners through October accounted for 59.93 percent of its trade with the world.
Port of Lake Charles, La. had trade surpluses with 63 countries and deficits with 16 through October. That compares with 62 surpluses and 18 deficits for the same period one year earlier. The top three surpluses through October of this year were with Mexico, $937.03 million; South Korea, $873.72 million; and China, $441.52 million. The top three deficits through October of this year were with Venezuela, $1.82 billion; Saudi Arabia, $972.63 million; and Iraq, $212.18 million.
Through October it’s top exports were Petroleum gases, other gaseous hydrocarbons; Gasoline, other fuels; Petroleum products; Sodium or potassium hydroxide or peroxide; and Cyclic hydrocarbons, in that order. Those accounted for 96.13 percent of its total outbound trade. The Port’s top imports were Oil; Titanium Ores and Concentrates 2614; Aluminum, unwrought; Misc. aluminum oxides and hydroxides; and Gasoline, other fuels, accounting for 98.03 percent of all inbound shipments.
Looking more closely at Port of Lake Charles, La.’s exports:
- Petroleum gases, other gaseous hydrocarbons rose 57.62 percent compared to last year to $2.88 billion.
- Gasoline, other fuels rose 11.78 percent compared to last year to $2.71 billion.
- Petroleum products rose 176.4 percent compared to last year to $436.27 million.
- Sodium or potassium hydroxide or peroxide rose 26.36 percent compared to last year to $219.44 million.
- Cyclic hydrocarbons fell 6.23 percent compared to last year to $129.63 million.
On the import side:
- Oil rose 44.39 percent compared to last year to $4.6 billion.
- Titanium Ores and Concentrates 2614 rose 19.34 percent compared to last year to $117.82 million.
- Aluminum, unwrought fell 23.49 percent compared to last year to $85.34 million.
- Misc. aluminum oxides and hydroxides rose 67.41 percent compared to last year to $43.55 million.
- Gasoline, other fuels fell 52.54 percent compared to last year to $19.01 million.
Last year Port of Lake Charles, La. posted total trade with the world of $8.07 billion. The Port’s deficit was $21.9 million . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $4.02 billion and imports came to $4.05 billion.