|2||Acyclic hydrocarbons||$5.99 M|
|3||Machinery for heating and sterilizing||$4.25 M|
|4||Misc. iron or steel structures and parts||$3.13 M|
|7||Misc. mineral or chemical fertilizers||$36,000|
|8||Acrylonitrile, related compounds||$0|
|9||Halogenated derivatives of hydrocarbons||$0|
|10||Ship's derricks, cranes, mobile lifting frames||$0|
Port of Port Lavaca, Texas’s trade decreases 20 percent through February
Port of Port Lavaca, Texas’s trade with the world fell 20 percent, from $228.16 million to $182.53 million through the first two 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 $650.55 billion, with exports at $260.05 billion and imports at $390.5 billion. The nation’s total trade increased 1.11 percent compared to the same period last year. Exports rose 2.61 percent and imports rose 0.14 percent.
Port of Port Lavaca, Texas ranked No. 142 for total trade among the nation’s roughly 450 airports, seaports and border crossings through February 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; Port of Newark; John F. Kennedy International Airport and Chicago O’Hare International Airport.
Through February Port of Port Lavaca, Texas’s top trade parters were No. 1 South Korea, No. 2 Taiwan, No. 3 Spain, No. 4 India and No. 5 Brazil . Through the same period of the previous year, the top trade partners were held by South Korea, Brazil, Mexico, Taiwan and China, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 South Korea rose 18.77 percent to $53.79 million.
Exports rose 12.49 percent to $50.94 million. Imports totaled $2.85 million.
- Trade with No. 2 Taiwan fell 24.29 percent to $23.21 million.
Exports rose 6.86 percent to $21.8 million. Imports fell 86.27 percent to $1.41 million.
- Trade with No. 3 Spain rose 245.65 percent to $20.37 million.
Exports rose 245.65 percent to $20.37 million. There were no imports.
- Trade with No. 4 India rose 779 percent to $14.5 million.
Exports rose 779 percent to $14.5 million. There were no imports.
- Trade with No. 5 Brazil fell 54.72 percent to $14.43 million.
Exports fell 68.19 percent to $8.44 million. Imports rose 12.38 percent to $5.99 million.
Port of Port Lavaca, Texas’s top five trading partners through February accounted for 69.19 percent of its trade with the world.
Port of Port Lavaca, Texas had trade surpluses with 16 countries and deficits with three through February. That compares with 17 surpluses and five deficits for the same period one year earlier. The top three surpluses through February of this year were with South Korea, $48.1 million; Taiwan, $20.39 million; and Spain, $20.37 million. The top three deficits through February of this year were with Trinidad and Tobago, $13.13 million; China, $454,125; and Norway, $403,400.
Through February it’s top exports were Acrylonitrile, related compounds; Petroleum products; Ship’s derricks, cranes, mobile lifting frames; Halogenated derivatives of hydrocarbons; and Acyclic alcohols, in that order. Those accounted for 94.89 percent of its total outbound trade. The Port’s top imports were Ammonia; Acyclic hydrocarbons; Machinery for heating and sterilizing; Misc. iron or steel structures and parts; and Nitrogenous fertilizers, accounting for 99.4 percent of all inbound shipments.
Looking more closely at Port of Port Lavaca, Texas’s exports:
- Acrylonitrile, related compounds fell 10.35 percent compared to last year to $85.64 million.
- Petroleum products rose 112.38 percent compared to last year to $28.52 million.
- Ship’s derricks, cranes, mobile lifting frames totaled $14.5 million. The previous year, there were no exports in this category.
- Halogenated derivatives of hydrocarbons fell 11.38 percent compared to last year to $10.01 million.
- Acyclic alcohols rose 44.17 percent compared to last year to $9.01 million.
On the import side:
- Ammonia fell 28.88 percent compared to last year to $13.13 million.
- Acyclic hydrocarbons fell 30.04 percent compared to last year to $5.99 million.
- Machinery for heating and sterilizing rose 43.88 percent compared to last year to $4.25 million.
- Misc. iron or steel structures and parts fell 78.92 percent compared to last year to $3.13 million.
- Nitrogenous fertilizers totaled $241,000. The previous year, there were no imports in this category.
Last year Port of Port Lavaca, Texas posted total trade with the world of $546.38 million. The Port’s surplus was $153.53 million . At the end of the year, the port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $349.96 million and imports came to $196.42 million.