|1||Gasoline, other fuels||$850.9 M|
|2||Petroleum products||$24.78 M|
|3||Wood, sawed or chipped, greater than 6 meters thic||$12.31 M|
|4||Steel ingots||$8.76 M|
|5||Parts for heavy machinery||$6.45 M|
|6||Misc. vessels, including warships, lifeboats||$3.67 M|
|7||Plywood, veneered and laminated wood||$353,823|
|8||Fork-lifts, other trucks with lifts||$214,547|
|9||Wood in the rough, stripped or not of sapwood, etc||$142,521|
|10||Motor vehicle parts||$85,000|
|1||Gasoline, other fuels||$378.37 M|
|3||Parts for heavy machinery||$3.95 M|
|4||Miscellaneous machines, parts||$767,685|
|5||Returned exports, without change||$616,149|
|6||Wires, ropes, stranded||$474,895|
|9||Electrical supplies, apparatus, less than 1000V||$40,515|
|10||Pumps for dispensing liquids||$27,124|
Port of Pascagoula, Miss.’s trade decreases 42.99 percent through May
Port of Pascagoula, Miss.’s trade with the world fell 42.99 percent, from $2.68 billion to $1.53 billion through the first five 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 $1.48 trillion, with exports at $582.11 billion and imports at $898.44 billion. The nation’s total trade decreased 13.61 percent compared to the same period last year. Exports fell 15.09 percent and imports fell 12.63 percent.
Port of Pascagoula, Miss. ranked No. 85 for total trade among the nation’s roughly 450 airports, seaports and border crossings through May 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 May Port of Pascagoula, Miss.’s top trade partners were No. 1 Panama, No. 2 Russia, No. 3 Belgium, No. 4 Mexico and No. 5 Honduras. Through the same period of the previous year, the top trade partners were held by Venezuela, Panama, Belgium, Brazil and Honduras, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Panama fell 40.59 percent to $256.4 million.
Exports totaled $256.4 million. There were no imports.
- Trade with No. 2 Russia rose 236.58 percent to $212.28 million.
There were no exports. Imports totaled $212.28 million.
- Trade with No. 3 Belgium fell 40.14 percent to $177.56 million.
Exports fell 76.85 percent to $48.13 million. Imports rose 45.78 percent to $129.43 million.
- Trade with No. 4 Mexico rose 152.67 percent to $157.22 million.
Exports rose 241520 percent to $14.92 million. Imports rose 128.72 percent to $142.3 million.
- Trade with No. 5 Honduras fell 18.61 percent to $150.96 million.
Exports rose 55815 percent to $150.96 million. There were no imports.
Port of Pascagoula, Miss.’s top five trading partners through May accounted for 62.43 percent of its trade with the world.
Port of Pascagoula, Miss. had trade surpluses with 22 countries and deficits with 15 through May. That compares with 17 surpluses and 24 deficits for the same period one year earlier. The top three surpluses through May of this year were with Panama, $256.4 million; Honduras, $150.96 million; and Guatemala, $113.25 million. The top three deficits through May of this year were with Russia, $212.28 million; Mexico, $127.39 million; and Belgium, $81.31 million.
Through May its top exports were Gasoline, other fuels; Petroleum products; Wood, sawed or chipped, greater than 6 meters thic; Steel ingots; and Parts for heavy machinery, in that order. Those accounted for 99.5 percent of its total outbound trade. The Port’s top imports were Gasoline, other fuels; Oil; Parts for heavy machinery; Miscellaneous machines, parts; and Returned exports, without change, accounting for 99.88 percent of all inbound shipments.
Looking more closely at Port of Pascagoula, Miss.’s exports:
- Gasoline, other fuels fell 32.18 percent compared to last year to $850.9 million.
- Petroleum products fell 51.63 percent compared to last year to $24.78 million.
- Wood, sawed or chipped, greater than 6 meters thic rose 35.45 percent compared to last year to $12.31 million.
- Steel ingots totaled $8.76 million. The previous year, there were no exports in this category.
- Parts for heavy machinery rose 17095 percent compared to last year to $6.45 million.
On the import side:
- Gasoline, other fuels rose 0.83 percent compared to last year to $378.37 million.
- Oil fell 73.6 percent compared to last year to $236.57 million.
- Parts for heavy machinery rose 48583 percent compared to last year to $3.95 million.
- Miscellaneous machines, parts totaled $767,685. The previous year, there were no imports in this category.
- Returned exports, without change rose 2809.93 percent compared to last year to $616,149.
Last year Port of Pascagoula, Miss. posted total trade with the world of $5.93 billion. The Port’s surplus was $227.47 million. Exports totaled $3.08 billion and imports came to $2.85 billion.