|1||Gasoline, other fuels||$3.36 B|
|3||Petroleum products||$336.27 M|
|4||Cyclic hydrocarbons||$82.69 M|
|6||Acyclic alcohols||$50.33 M|
|7||Fuel wood in logs, chips||$22.44 M|
|8||Misc. uncoated kraft paper, paperboard||$12.68 M|
|9||Coal, briquettes||$3.16 M|
|10||Chemical wood pulp, not dissolving grade||$2.38 M|
|2||Gasoline, other fuels||$731.87 M|
|3||Chemical wood pulp, not dissolving grade||$97 M|
|4||Aluminum, unwrought||$95.55 M|
|5||Wood, sawed or chipped, greater than 6 meters thic||$27.6 M|
|6||Misc. iron or steel structures and parts||$24.7 M|
|7||Machinery for heating and sterilizing||$24.23 M|
|8||Compressors and pumps||$18.47 M|
|9||Petroleum products||$11 M|
|10||Value added to a returned import||$10.29 M|
Port of Port Arthur, Texas’s trade decreases 6.35 percent through August
Port of Port Arthur, Texas’s trade with the world fell 6.35 percent, from $14.64 billion to $13.71 billion through the first eight months of 2019 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 $2.77 trillion, with exports at $1.1 trillion and imports at $1.67 trillion. The nation’s total trade decreased 0.32 percent compared to the same period last year. Exports fell 0.71 percent and imports fell 0.07 percent.
Port of Port Arthur, Texas ranked No. 45 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August of 2019.
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 August Port of Port Arthur, Texas’s top trade partners were No. 1 Canada, No. 2 Mexico, No. 3 Saudi Arabia, No. 4 Brazil and No. 5 Colombia. Through the same period of the previous year, the top trade partners were held by Saudi Arabia, Canada, Mexico, Venezuela and Brazil, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada rose 28.24 percent to $3.81 billion.
Exports rose 44.85 percent to $2.23 billion. Imports rose 10.35 percent to $1.58 billion.
- Trade with No. 2 Mexico rose 10.79 percent to $2 billion.
Exports fell 2.73 percent to $507.36 million. Imports rose 16.28 percent to $1.49 billion.
- Trade with No. 3 Saudi Arabia fell 58.67 percent to $1.61 billion.
There were no exports. Imports fell 58.67 percent to $1.61 billion.
- Trade with No. 4 Brazil fell 9.29 percent to $715.28 million.
Exports rose 18.43 percent to $515.76 million. Imports fell 43.49 percent to $199.52 million.
- Trade with No. 5 Colombia rose 53.83 percent to $669.05 million.
Exports rose 1369.52 percent to $485.54 million. Imports fell 54.34 percent to $183.51 million.
Port of Port Arthur, Texas’s top five trading partners through August accounted for 64.23 percent of its trade with the world.
Port of Port Arthur, Texas had trade surpluses with 43 countries and deficits with 26 through August. That compares with 50 surpluses and 21 deficits for the same period one year earlier. The top three surpluses through August of this year were with Canada, $654.07 million; Chile, $451.71 million; and Brazil, $316.24 million. The top three deficits through August of this year were with Saudi Arabia, $1.61 billion; Mexico, $985.62 million; and Russia, $629.23 million.
Through August its top exports were Gasoline, other fuels; Oil; Petroleum products; Cyclic hydrocarbons; and Carbonates, in that order. Those accounted for 98.58 percent of its total outbound trade. The Port’s top imports were Oil; Gasoline, other fuels; Chemical wood pulp, not dissolving grade; Aluminum, unwrought; and Wood, sawed or chipped, greater than 6 meters thic, accounting for 98.08 percent of all inbound shipments.
Looking more closely at Port of Port Arthur, Texas’s exports:
- Gasoline, other fuels fell 8.8 percent compared to last year to $3.36 billion.
- Oil rose 162.44 percent compared to last year to $2.65 billion.
- Petroleum products fell 12.92 percent compared to last year to $336.27 million.
- Cyclic hydrocarbons fell 43.94 percent compared to last year to $82.69 million.
- Carbonates fell 28.46 percent compared to last year to $80.14 million.
On the import side:
- Oil fell 28.94 percent compared to last year to $6.02 billion.
- Gasoline, other fuels rose 50.9 percent compared to last year to $731.87 million.
- Chemical wood pulp, not dissolving grade fell 15.41 percent compared to last year to $97 million.
- Aluminum, unwrought totaled $95.55 million. The previous year, there were no imports in this category.
- Wood, sawed or chipped, greater than 6 meters thic rose 81.74 percent compared to last year to $27.6 million.
Last year Port of Port Arthur, Texas posted total trade with the world of $22.91 billion. The Port’s deficit was $3.81 billion. At the end of the year, the port’s top five trade partners were Saudi Arabia, Canada, Mexico, Venezuela and Brazil. Exports totaled $9.55 billion and imports came to $13.36 billion.