|2||Parts for heavy machinery||$126.11 M|
|3||Misc. vessels, including warships, lifeboats||$82.65 M|
|4||Containers for transportation||$69.96 M|
|5||Iron and steel pipes and tubing||$38.72 M|
|6||Miscellaneous machines, parts||$31.75 M|
|7||Taps, cocks and valves for pipes, tanks||$22.07 M|
|8||Gasoline, other fuels||$17.65 M|
|9||Misc. machinery for moving, grading||$13.82 M|
|10||Seamless iron tubes and pipes||$12.51 M|
|2||Value added to a returned import||$85.41 M|
|3||Gasoline, other fuels||$82.69 M|
|5||Misc. iron, steel tubes, pipes||$7.35 M|
|6||Cell phones, related equipment||$7.33 M|
|7||Pulley, hoists, winches||$3.17 M|
|8||Containers for transportation||$2.66 M|
|9||Meteorological, hydraulic and survey equipment||$2.57 M|
|10||Amplifiers, speakers, microphones||$2.05 M|
Port of Morgan City, La.’s trade increases 14.88 percent through October
Port of Morgan City, La.’s trade with the world rose 14.88 percent, from $6.56 billion to $7.53 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 Morgan City, La. ranked No. 77 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. 78. It finished No. 79 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 Morgan City, La.’s top trade parters were No. 1 Iraq, No. 2 Kuwait, No. 3 Mexico, No. 4 China and No. 5 Saudi Arabia . Through the same period of the previous year, the top trade partners were held by Saudi Arabia, Iraq, Kuwait, Venezuela and Brazil, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Iraq rose 76.12 percent to $3.66 billion.
There were no exports. Imports rose 76.12 percent to $3.66 billion.
- Trade with No. 2 Kuwait fell 15.24 percent to $786.24 million.
There were no exports. Imports fell 15.24 percent to $786.24 million.
- Trade with No. 3 Mexico rose 516.08 percent to $689.69 million.
Exports rose 131.57 percent to $98.15 million. Imports rose 750.36 percent to $591.54 million.
- Trade with No. 4 China rose 493.05 percent to $394 million.
Exports rose 5340058 percent to $362.06 million. Imports fell 51.93 percent to $31.93 million.
- Trade with No. 5 Saudi Arabia fell 85.47 percent to $313.28 million.
There were no exports. Imports fell 85.47 percent to $313.28 million.
Port of Morgan City, La.’s top five trading partners through October accounted for 77.55 percent of its trade with the world.
Port of Morgan City, La. had trade surpluses with 28 countries and deficits with 45 through October. That compares with 23 surpluses and 41 deficits for the same period one year earlier. The top three surpluses through October of this year were with China, $330.13 million; India, $300 million; and Marshall Islands, $165.09 million. The top three deficits through October of this year were with Iraq, $3.66 billion; Kuwait, $786.24 million; and Mexico, $493.39 million.
Through October it’s top exports were Oil; Parts for heavy machinery; Misc. vessels, including warships, lifeboats; Containers for transportation; and Iron and steel pipes and tubing, in that order. Those accounted for 75.9 percent of its total outbound trade. The Port’s top imports were Oil; Value added to a returned import; Gasoline, other fuels; Computers; and Misc. iron, steel tubes, pipes, accounting for 99.29 percent of all inbound shipments.
Looking more closely at Port of Morgan City, La.’s exports:
- Oil rose 2042 percent compared to last year to $652.26 million.
- Parts for heavy machinery rose 42.23 percent compared to last year to $126.11 million.
- Misc. vessels, including warships, lifeboats rose 1517.73 percent compared to last year to $82.65 million.
- Containers for transportation rose 41.73 percent compared to last year to $69.96 million.
- Iron and steel pipes and tubing rose 607.69 percent compared to last year to $38.72 million.
On the import side:
- Oil rose 0.93 percent compared to last year to $6.02 billion.
- Value added to a returned import rose 16.92 percent compared to last year to $85.41 million.
- Gasoline, other fuels rose 1.22 percent compared to last year to $82.69 million.
- Computers fell 41.33 percent compared to last year to $11.93 million.
- Misc. iron, steel tubes, pipes totaled $7.35 million. The previous year, there were no imports in this category.
Last year Port of Morgan City, La. posted total trade with the world of $7.96 billion. The Port’s deficit was $7 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $479.68 million and imports came to $7.48 billion.