|1||Civilian aircraft, parts||$3.17 B|
|2||Gasoline, other fuels||$2.51 B|
|3||Cell phones, related equipment||$1.93 B|
|6||Computer chips||$1.46 B|
|7||Medical instruments||$1.08 B|
|9||Orthopedic appliances, artificial body parts||$681.12 M|
|10||Soybean oilcake, other solid residue, not ground||$575.83 M|
|1||Returned exports, without change||$2.97 B|
|2||Computer chips||$2.17 B|
|3||Plasma, vaccines, blood||$1.72 B|
|4||Cell phones, related equipment||$1.31 B|
|5||Gasoline, other fuels||$998.65 M|
|6||Medical instruments||$987.76 M|
|7||Orthopedic appliances, artificial body parts||$985.97 M|
|9||Digital storage devices||$719.06 M|
|10||Misc. aircraft parts||$583.96 M|
Port of New Orleans’s trade decreases 7.87 percent through June
Port of New Orleans’s trade with the world fell 7.87 percent, from $65.47 billion to $60.32 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 New Orleans ranked No. 8 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 New Orleans’s top trade partners were No. 1 Canada, No. 2 Germany, No. 3 China, No. 4 United Kingdom and No. 5 Mexico. Through the same period of the previous year, the top trade partners were held by Canada, Germany, United Kingdom, China and Mexico, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada fell 10.59 percent to $5.56 billion.
Exports fell 13.91 percent to $3.24 billion. Imports fell 5.49 percent to $2.31 billion.
- Trade with No. 2 Germany fell 11.98 percent to $4.43 billion.
Exports fell 11.96 percent to $1.81 billion. Imports fell 12 percent to $2.62 billion.
- Trade with No. 3 China fell 0.8 percent to $4.05 billion.
Exports rose 7.21 percent to $1.56 billion. Imports fell 5.24 percent to $2.49 billion.
- Trade with No. 4 United Kingdom fell 8.53 percent to $3.91 billion.
Exports fell 11.84 percent to $1.92 billion. Imports fell 5.12 percent to $1.99 billion.
- Trade with No. 5 Mexico fell 11.12 percent to $3.32 billion.
Exports fell 14.92 percent to $1.99 billion. Imports fell 4.72 percent to $1.33 billion.
Port of New Orleans’s top five trading partners through June accounted for 35.25 percent of its trade with the world.
Port of New Orleans had trade surpluses with 146 countries and deficits with 78 through June. That compares with 135 surpluses and 82 deficits for the same period one year earlier. The top three surpluses through June of this year were with The Netherlands, $1.23 billion; Singapore, $1.04 billion; and United Arab Emirates, $943.26 million. The top three deficits through June of this year were with Ireland, $1.74 billion; Malaysia, $1.37 billion; and Russia, $935.76 million.
Through June its top exports were Civilian aircraft, parts; Gasoline, other fuels; Cell phones, related equipment; Corn; and Soybeans, in that order. Those accounted for 35.17 percent of its total outbound trade. The Port’s top imports were Returned exports, without change; Computer chips; Plasma, vaccines, blood; Cell phones, related equipment; and Gasoline, other fuels, accounting for 31.04 percent of all inbound shipments.
Looking more closely at Port of New Orleans’s exports:
- Civilian aircraft, parts fell 9.21 percent compared to last year to $3.17 billion.
- Gasoline, other fuels fell 28.78 percent compared to last year to $2.51 billion.
- Cell phones, related equipment rose 3.39 percent compared to last year to $1.93 billion.
- Corn rose 16.39 percent compared to last year to $1.61 billion.
- Soybeans rose 4.02 percent compared to last year to $1.61 billion.
On the import side:
- Returned exports, without change fell 16.87 percent compared to last year to $2.97 billion.
- Computer chips fell 3.26 percent compared to last year to $2.17 billion.
- Plasma, vaccines, blood rose 23.16 percent compared to last year to $1.72 billion.
- Cell phones, related equipment rose 2.57 percent compared to last year to $1.31 billion.
- Gasoline, other fuels fell 36.55 percent compared to last year to $998.65 million.
Last year Port of New Orleans posted total trade with the world of $132.2 billion. The Port’s surplus was $3.4 billion. Exports totaled $67.8 billion and imports came to $64.4 billion.