|1||Acrylonitrile, related compounds||$143.84 M|
|2||Halogenated derivatives of hydrocarbons||$70.04 M|
|3||Acyclic alcohols||$39.72 M|
|4||Sodium or potassium hydroxide or peroxide||$36.33 M|
|5||Petroleum products||$35.77 M|
|6||Ethers, ether-alcohols, alcohol peroxides etc.||$4.88 M|
|10||Misc.nonelectric machinery parts||$0|
|2||Acyclic hydrocarbons||$9.88 M|
|5||Misc.nonelectric machinery parts||$14,000|
|8||Sodium or potassium hydroxide or peroxide||$0|
|9||Acrylonitrile, related compounds||$0|
|10||Halogenated derivatives of hydrocarbons||$0|
Port of Port Lavaca, Texas’s trade decreases 3.46 percent through May
Port of Port Lavaca, Texas’s trade with the world fell 3.46 percent, from $383.82 million to $370.53 million 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 Port Lavaca, Texas ranked No. 154 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 Port Lavaca, Texas’s top trade partners were No. 1 South Korea, No. 2 Mexico, No. 3 Brazil, No. 4 Taiwan and No. 5 Turkey. Through the same period of the previous year, the top trade partners were held by Spain, South Korea, Mexico, Brazil and Trinidad and Tobago, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 South Korea rose 30.91 percent to $71.27 million.
Exports rose 2405.14 percent to $71.27 million. There were no imports.
- Trade with No. 2 Mexico rose 2.08 percent to $36.83 million.
Exports totaled $36.83 million. There were no imports.
- Trade with No. 3 Brazil fell 3.54 percent to $34.47 million.
Exports rose 61.78 percent to $29.16 million. Imports fell 70 percent to $5.31 million.
- Trade with No. 4 Taiwan rose 30.95 percent to $31.87 million.
Exports rose 1593.35 percent to $31.87 million. There were no imports.
- Trade with No. 5 Turkey rose 77.1 percent to $29.01 million.
Exports totaled $29.01 million. There were no imports.
Port of Port Lavaca, Texas’s top five trading partners through May accounted for 54.91 percent of its trade with the world.
Port of Port Lavaca, Texas had trade surpluses with 23 countries and deficits with four through May. That compares with nine surpluses and 17 deficits for the same period one year earlier. The top three surpluses through May of this year were with South Korea, $71.27 million; Mexico, $36.83 million; and Taiwan, $31.87 million. The top three deficits through May of this year were with Trinidad and Tobago, $28.34 million; The Netherlands, $3.18 million; and Germany, $1.39 million.
Through May its top exports were Acrylonitrile, related compounds; Halogenated derivatives of hydrocarbons; Acyclic alcohols; Sodium or potassium hydroxide or peroxide; and Petroleum products, in that order. Those accounted for 98.27 percent of its total outbound trade. The Port’s top imports were Ammonia; Acyclic hydrocarbons; Nitrites, nitrates; Nitrogenous fertilizers; and Misc.nonelectric machinery parts, accounting for 99.99 percent of all inbound shipments.
Looking more closely at Port of Port Lavaca, Texas’s exports:
- Acrylonitrile, related compounds rose 51.49 percent compared to last year to $143.84 million.
- Halogenated derivatives of hydrocarbons rose 370.51 percent compared to last year to $70.04 million.
- Acyclic alcohols rose 37.95 percent compared to last year to $39.72 million.
- Sodium or potassium hydroxide or peroxide rose 8.53 percent compared to last year to $36.33 million.
- Petroleum products fell 66.84 percent compared to last year to $35.77 million.
On the import side:
- Ammonia fell 7.81 percent compared to last year to $28.34 million.
- Acyclic hydrocarbons fell 65.41 percent compared to last year to $9.88 million.
- Nitrites, nitrates rose 13.29 percent compared to last year to $518,749.
- Nitrogenous fertilizers fell 25.9 percent compared to last year to $349,400.
- Misc.nonelectric machinery parts totaled $14,000. The previous year, there were no imports in this category.
Last year Port of Port Lavaca, Texas posted total trade with the world of $946.75 million. The Port’s surplus was $636.17 million. Exports totaled $791.46 million and imports came to $155.29 million.