|1||Gasoline, other fuels||$4.99 B|
|3||Petroleum products||$484.38 M|
|4||Cyclic hydrocarbons||$170.69 M|
|6||Acyclic alcohols||$41.38 M|
|7||Misc. uncoated kraft paper, paperboard||$31.78 M|
|8||Petroleum gases, other gaseous hydrocarbons||$23.16 M|
|9||Ethyl alcohol||$16.04 M|
|10||Biodiesel fuels||$15.89 M|
|2||Gasoline, other fuels||$569.82 M|
|3||Chemical wood pulp, not dissolving grade||$132.12 M|
|4||Petroleum products||$45.49 M|
|5||Wood, sawed or chipped, greater than 6 meters thic||$28.91 M|
|6||Misc. engines and motors, parts||$28.38 M|
|7||Electric motor, generator parts||$19.04 M|
|8||Misc. iron or steel structures and parts||$14.68 M|
|9||Equipment, parts for repair, including boats for p||$12.76 M|
|10||Soybean oil||$7.74 M|
Port of Port Arthur, Texas’s trade increases 38.06 percent through October
Port of Port Arthur, Texas’s trade with the world rose 38.06 percent, from $13.87 billion to $19.15 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 Port Arthur, Texas ranked No. 43 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. 49. It finished No. 47 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 Port Arthur, Texas’s top trade parters were No. 1 Saudi Arabia, No. 2 Canada, No. 3 Mexico, No. 4 Venezuela and No. 5 Brazil . Through the same period of the previous year, the top trade partners were held by Saudi Arabia, Mexico, Iraq, Canada and Brazil, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Saudi Arabia rose 71.15 percent to $4.99 billion.
There were no exports. Imports rose 71.25 percent to $4.99 billion.
- Trade with No. 2 Canada rose 209.45 percent to $4.07 billion.
Exports rose 2961 percent to $2.25 billion. Imports rose 46.53 percent to $1.82 billion.
- Trade with No. 3 Mexico rose 10.22 percent to $2.26 billion.
Exports fell 20.02 percent to $832.05 million. Imports rose 41.47 percent to $1.42 billion.
- Trade with No. 4 Venezuela rose 41.17 percent to $1.41 billion.
Exports rose 409.9 percent to $273.55 million. Imports rose 20.3 percent to $1.14 billion.
- Trade with No. 5 Brazil rose 3.19 percent to $1.05 billion.
Exports fell 12.99 percent to $600.1 million. Imports rose 37.31 percent to $449.05 million.
Port of Port Arthur, Texas’s top five trading partners through October accounted for 71.99 percent of its trade with the world.
Port of Port Arthur, Texas had trade surpluses with 52 countries and deficits with 20 through October. That compares with 49 surpluses and 22 deficits for the same period one year earlier. The top three surpluses through October of this year were with Chile, $503.82 million; Canada, $430.98 million; and Argentina, $362.65 million. The top three deficits through October of this year were with Saudi Arabia, $4.99 billion; Venezuela, $867.1 million; and Mexico, $592.24 million.
Through October it’s top exports were Gasoline, other fuels; Oil; Petroleum products; Cyclic hydrocarbons; and Carbonates, in that order. Those accounted for 98.09 percent of its total outbound trade. The Port’s top imports were Oil; Gasoline, other fuels; Chemical wood pulp, not dissolving grade; Petroleum products; and Wood, sawed or chipped, greater than 6 meters thic, accounting for 99.06 percent of all inbound shipments.
Looking more closely at Port of Port Arthur, Texas’s exports:
- Gasoline, other fuels rose 31.55 percent compared to last year to $4.99 billion.
- Oil rose 556.32 percent compared to last year to $1.78 billion.
- Petroleum products rose 6.62 percent compared to last year to $484.38 million.
- Cyclic hydrocarbons rose 75.33 percent compared to last year to $170.69 million.
- Carbonates fell 34.83 percent compared to last year to $129.69 million.
On the import side:
- Oil rose 29.54 percent compared to last year to $10.56 billion.
- Gasoline, other fuels rose 39.47 percent compared to last year to $569.82 million.
- Chemical wood pulp, not dissolving grade rose 20.51 percent compared to last year to $132.12 million.
- Petroleum products rose 121.36 percent compared to last year to $45.49 million.
- Wood, sawed or chipped, greater than 6 meters thic totaled $28.91 million. The previous year, there were no imports in this category.
Last year Port of Port Arthur, Texas posted total trade with the world of $13.33 billion. The Port’s deficit was $3.41 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $4.96 billion and imports came to $8.37 billion.