|1||Motor vehicle parts||$7.95 B|
|2||Internal combustion engines||$3.1 B|
|3||Gasoline, other fuels||$2.16 B|
|4||Engine parts||$1.23 B|
|5||Centrifuges, filters, machines and parts||$1.12 B|
|6||Cell phones, related equipment||$1.08 B|
|7||Taps, cocks and valves for pipes, tanks||$906.49 M|
|9||Rubber tires||$798.79 M|
|10||Misc. chemical reaction initiators, accelerators||$783.11 M|
|1||Motor vehicle parts||$11.56 B|
|2||Motor vehicles for transporting people||$9.6 B|
|4||Commercial vehicles||$4.08 B|
|6||Cell phones, related equipment||$3.08 B|
|7||Motor vehicle engines||$2.25 B|
|8||Insulated wire, cable||$2.2 B|
|9||Air conditioning machines||$2.19 B|
|10||Seats, excluding barber, dental||$1.97 B|
Port Laredo’s trade decreases 0.36 percent through August
Port Laredo’s trade with the world fell 0.36 percent, from $157.31 billion to $156.74 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 Laredo ranked No. 2 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 Laredo’s top trade partners were No. 1 Mexico, No. 2 China, No. 3 France, No. 4 Japan and No. 5 Malaysia. Through the same period of the previous year, the top trade partners were held by Mexico, China, Malaysia, Thailand and Japan, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Mexico rose 0.65 percent to $154.04 billion.
Exports fell 3.76 percent to $64.8 billion. Imports rose 4.12 percent to $89.24 billion.
- Trade with No. 2 China fell 47.37 percent to $897.6 million.
Exports rose 77.2 percent to $1.07 million. Imports fell 47.42 percent to $896.53 million.
- Trade with No. 3 France rose 94.92 percent to $312.29 million.
Exports fell 35.29 percent to $59,768. Imports rose 94.99 percent to $312.23 million.
- Trade with No. 4 Japan fell 13.7 percent to $228.98 million.
Exports rose 40.83 percent to $118,950. Imports fell 13.71 percent to $228.86 million.
- Trade with No. 5 Malaysia fell 74.2 percent to $161.76 million.
Exports fell 45.87 percent to $92,316. Imports fell 74.21 percent to $161.66 million.
Port Laredo’s top five trading partners through August accounted for 99.3 percent of its trade with the world.
Port Laredo had trade surpluses with 40 countries and deficits with 104 through August. That compares with 32 surpluses and 105 deficits for the same period one year earlier. The top three surpluses through August of this year were with Sweden, $3.44 million; Saudi Arabia, $1.18 million; and United Arab Emirates, $615,195. The top three deficits through August of this year were with Mexico, $24.44 billion; China, $895.46 million; and France, $312.17 million.
Through August its top exports were Motor vehicle parts; Internal combustion engines; Gasoline, other fuels; Engine parts; and Catalytic converters, air filters, oil filers, etc., in that order. Those accounted for 24.01 percent of its total outbound trade. The Port’s top imports were Motor vehicle parts; Motor vehicles for transporting people; Tractors; Commercial vehicles; and Computers, accounting for 37.96 percent of all inbound shipments.
Looking more closely at Port Laredo’s exports:
- Motor vehicle parts rose 0.22 percent compared to last year to $7.95 billion.
- Internal combustion engines rose 13.15 percent compared to last year to $3.1 billion.
- Gasoline, other fuels rose 42.98 percent compared to last year to $2.16 billion.
- Engine parts rose 2.04 percent compared to last year to $1.23 billion.
- Catalytic converters, air filters, oil filers, etc. rose 11.24 percent compared to last year to $1.12 billion.
On the import side:
- Motor vehicle parts rose 8.76 percent compared to last year to $11.56 billion.
- Motor vehicles for transporting people rose 4.72 percent compared to last year to $9.6 billion.
- Tractors rose 20.6 percent compared to last year to $6.13 billion.
- Commercial vehicles rose 24.88 percent compared to last year to $4.08 billion.
- Computers fell 14.97 percent compared to last year to $3.52 billion.
Last year Port Laredo posted total trade with the world of $234.66 billion. The Port’s deficit was $33.87 billion. At the end of the year, the port’s top five trade partners were Mexico, China, Malaysia, Thailand and France. Exports totaled $100.4 billion and imports came to $134.27 billion.