|1||Gasoline, other fuels||$7.09 B|
|2||Civilian aircraft, parts||$4.38 B|
|4||Computer chips||$2.5 B|
|5||Cell phones, related equipment||$2.44 B|
|8||Medical instruments for surgeons, dentists, vets||$1.41 B|
|9||Orthopedic appliances, artificial body parts||$1.16 B|
|10||Value added to a returned import||$1.13 B|
|1||Value added to a returned import||$6.72 B|
|2||Computer chips||$4.58 B|
|3||Gasoline, other fuels||$3.12 B|
|5||Orthopedic appliances, artificial body parts||$2.58 B|
|6||Cell phones, related equipment||$2.46 B|
|7||Medical instruments for surgeons, dentists, vets||$2.01 B|
|8||Computer parts||$1.77 B|
|9||Ferroalloys 7202||$1.43 B|
|10||Aircraft engines, engine parts||$1.39 B|
Port of New Orleans’s trade increases 10.84 percent through October
Port of New Orleans’s trade with the world rose 10.84 percent, from $103.53 billion to $114.75 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 New Orleans ranked No. 8 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. 8. It finished No. 8 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 New Orleans’s top trade parters were No. 1 Canada, No. 2 China, No. 3 Germany, No. 4 Mexico and No. 5 United Kingdom . Through the same period of the previous year, the top trade partners were held by Canada, China, Germany, United Kingdom and Mexico, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada rose 14.26 percent to $10.68 billion.
Exports rose 34.29 percent to $6.3 billion. Imports fell 5.9 percent to $4.39 billion.
- Trade with No. 2 China fell 1.42 percent to $9.07 billion.
Exports fell 25.22 percent to $2.42 billion. Imports rose 11.46 percent to $6.65 billion.
- Trade with No. 3 Germany rose 14.11 percent to $8.64 billion.
Exports rose 15.09 percent to $3.76 billion. Imports rose 13.37 percent to $4.88 billion.
- Trade with No. 4 Mexico rose 17.58 percent to $6.55 billion.
Exports rose 22.27 percent to $4.02 billion. Imports rose 10.84 percent to $2.53 billion.
- Trade with No. 5 United Kingdom rose 4.94 percent to $6.07 billion.
Exports rose 6.04 percent to $2.97 billion. Imports rose 3.91 percent to $3.1 billion.
Port of New Orleans’s top five trading partners through October accounted for 35.74 percent of its trade with the world.
Port of New Orleans had trade surpluses with 140 countries and deficits with 83 through October. That compares with 139 surpluses and 84 deficits for the same period one year earlier. The top three surpluses through October of this year were with Canada, $1.91 billion; Singapore, $1.69 billion; and The Netherlands, $1.68 billion. The top three deficits through October of this year were with China, $4.24 billion; Malaysia, $2.82 billion; and Russia, $2.53 billion.
Through October it’s top exports were Gasoline, other fuels; Civilian aircraft, parts; Soybeans; Computer chips; and Cell phones, related equipment, in that order. Those accounted for 34.17 percent of its total outbound trade. The Port’s top imports were Value added to a returned import; Computer chips; Gasoline, other fuels; Oil; and Orthopedic appliances, artificial body parts, accounting for 33.79 percent of all inbound shipments.
Looking more closely at Port of New Orleans’s exports:
- Gasoline, other fuels rose 22.08 percent compared to last year to $7.09 billion.
- Civilian aircraft, parts rose 24.67 percent compared to last year to $4.38 billion.
- Soybeans fell 28.27 percent compared to last year to $2.74 billion.
- Computer chips rose 0.09 percent compared to last year to $2.5 billion.
- Cell phones, related equipment rose 8.89 percent compared to last year to $2.44 billion.
On the import side:
- Value added to a returned import rose 4.18 percent compared to last year to $6.72 billion.
- Computer chips rose 39.7 percent compared to last year to $4.58 billion.
- Gasoline, other fuels rose 14.93 percent compared to last year to $3.12 billion.
- Oil rose 13.27 percent compared to last year to $2.84 billion.
- Orthopedic appliances, artificial body parts rose 47.63 percent compared to last year to $2.58 billion.
Last year Port of New Orleans posted total trade with the world of $114.16 billion. The Port’s surplus was $1.33 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $57.74 billion and imports came to $56.42 billion.