|1||Petroleum gases, other gaseous hydrocarbons||$3.25 B|
|2||Gasoline, other fuels||$2.2 B|
|3||Petroleum products||$332.14 M|
|4||Cyclic hydrocarbons||$150.33 M|
|5||Sodium or potassium hydroxide or peroxide||$124.77 M|
|6||Halogenated derivatives of hydrocarbons||$123.89 M|
|7||Acyclic alcohols||$103.86 M|
|10||Ethers, ether-alcohols, alcohol peroxides etc.||$5.53 M|
|2||Titanium Ores and Concentrates 2614||$87.73 M|
|3||Misc. aluminum oxides and hydroxides||$26.63 M|
|4||Natural Barium Sulfate; Nat Barium Carbonate 2511||$23.18 M|
|5||Aluminum, unwrought||$8.27 M|
|6||Gasoline, other fuels||$8.1 M|
|7||Petroleum products||$4.62 M|
|8||Pebbles, gravel||$3.79 M|
|9||Misc. engines and motors, parts||$3.66 M|
|10||Cyclic hydrocarbons||$3.25 M|
Port of Lake Charles, La.’s trade decreases 6.62 percent through August
Port of Lake Charles, La.’s trade with the world fell 6.62 percent, from $9.36 billion to $8.74 billion through the first eight months of 2019 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 $2.77 trillion, with exports at $1.1 trillion and imports at $1.67 trillion. The nation’s total trade decreased 0.32 percent compared to the same period last year. Exports fell 0.71 percent and imports fell 0.07 percent.
Port of Lake Charles, La. ranked No. 64 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August of 2019.
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 August Port of Lake Charles, La.’s top trade partners were No. 1 Mexico, No. 2 Brazil, No. 3 South Korea, No. 4 Venezuela 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 Colombia, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Mexico fell 11.9 percent to $1.68 billion.
Exports rose 0.2 percent to $1.33 billion. Imports fell 39.83 percent to $346.81 million.
- Trade with No. 2 Brazil rose 41.22 percent to $595.18 million.
Exports rose 4.74 percent to $303.56 million. Imports rose 121.54 percent to $291.62 million.
- Trade with No. 3 South Korea fell 8.67 percent to $582.44 million.
Exports fell 8.26 percent to $582.43 million. Imports fell 99.92 percent to $2,200.
- Trade with No. 4 Venezuela fell 74.96 percent to $448.24 million.
Exports fell 63.99 percent to $80.02 million. Imports fell 76.52 percent to $368.22 million.
- Trade with No. 5 Colombia fell 15.21 percent to $393.94 million.
Exports fell 35.35 percent to $91.1 million. Imports fell 6.45 percent to $302.84 million.
Port of Lake Charles, La.’s top five trading partners through August accounted for 42.33 percent of its trade with the world.
Port of Lake Charles, La. had trade surpluses with 54 countries and deficits with 13 through August. That compares with 61 surpluses and 14 deficits for the same period one year earlier. The top three surpluses through August of this year were with Mexico, $986.44 million; South Korea, $582.43 million; and Spain, $388.71 million. The top three deficits through August of this year were with Russia, $303.98 million; Venezuela, $288.19 million; and Saudi Arabia, $240.22 million.
Through August its top exports were Petroleum gases, other gaseous hydrocarbons; Gasoline, other fuels; Petroleum products; Cyclic hydrocarbons; and Sodium or potassium hydroxide or peroxide, in that order. Those accounted for 95.34 percent of its total outbound trade. The Port’s top imports were Oil; Titanium Ores and Concentrates 2614; Misc. aluminum oxides and hydroxides; Natural barium sulfate, carbonate; and Aluminum, unwrought, accounting for 98.92 percent of all inbound shipments.
Looking more closely at Port of Lake Charles, La.’s exports:
- Petroleum gases, other gaseous hydrocarbons rose 42.31 percent compared to last year to $3.25 billion.
- Gasoline, other fuels rose 1.52 percent compared to last year to $2.2 billion.
- Petroleum products fell 14.68 percent compared to last year to $332.14 million.
- Cyclic hydrocarbons rose 65.23 percent compared to last year to $150.33 million.
- Sodium or potassium hydroxide or peroxide fell 31.47 percent compared to last year to $124.77 million.
On the import side:
- Oil fell 40.39 percent compared to last year to $2.22 billion.
- Titanium Ores and Concentrates 2614 fell 11.6 percent compared to last year to $87.73 million.
- Misc. aluminum oxides and hydroxides fell 33.13 percent compared to last year to $26.63 million.
- Natural barium sulfate, carbonate rose 35.65 percent compared to last year to $23.18 million.
- Aluminum, unwrought fell 86.28 percent compared to last year to $8.27 million.
Last year Port of Lake Charles, La. posted total trade with the world of $14.29 billion. The Port’s surplus was $2.68 billion. At the end of the year, the port’s top five trade partners were Venezuela, Mexico, South Korea, Saudi Arabia and China. Exports totaled $8.49 billion and imports came to $5.81 billion.