|1||Motor vehicle parts||$11.46 B|
|2||Internal combustion engines||$4.46 B|
|3||Gasoline, other fuels||$3.22 B|
|4||Engine parts||$1.75 B|
|5||Catalytic converters, air filters, oil filers, etc||$1.62 B|
|6||Cell phones, related equipment||$1.58 B|
|7||Taps, cocks and valves for pipes, tanks||$1.3 B|
|9||Rubber tires||$1.14 B|
|10||Electrical supplies, apparatus, less than 1000V||$1.12 B|
|1||Motor vehicle parts||$17.05 B|
|2||Passenger vehicles||$14.38 B|
|4||Commercial vehicles||$6.32 B|
|6||Cell phones, related equipment||$4.74 B|
|7||Motor vehicle engines||$3.35 B|
|8||Insulated wire, cable||$3.3 B|
|9||Air conditioning machines||$3.03 B|
|10||Seats, excluding barber, dental||$2.92 B|
Port Laredo’s trade decreases 1.31 percent in 2019.
Port Laredo’s trade with the world fell 1.31 percent, from $234.66 billion to $231.58 billion in 2019 when compared to 2018, according to WorldCity analysis of the latest U.S. Census Bureau data.
In 2019, the nation’s total trade was $4.14 trillion, with exports at $1.65 trillion and imports at $2.49 trillion. The nation’s total trade decreased 1.46 percent compared to 2018. Exports fell 1.13 percent and imports fell 1.67 percent.
Port Laredo ranked No. 2 for total trade among the nation’s roughly 450 airports, seaports and border crossings in 2019.
The nation’s top five “ports” — airports, seaports and border crossings — in 2019, by value, were Port of Los Angeles; Port Laredo; Chicago O’Hare International Airport; Port of Newark and John F. Kennedy International Airport.
In 2019 Port Laredo’s top trade partners were No. 1 Mexico, No. 2 China, No. 3 France, No. 4 Japan and No. 5 Malaysia. In 2018, the top trade partners were held by Mexico, China, Malaysia, Thailand and France, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Mexico fell 0.58 percent to $227.44 billion.
Exports fell 5.21 percent to $95.02 billion. Imports rose 3.02 percent to $132.42 billion.
- Trade with No. 2 China fell 43.58 percent to $1.25 billion.
Exports rose 33.24 percent to $1.35 million. Imports fell 43.61 percent to $1.25 billion.
- Trade with No. 3 France rose 55.74 percent to $638.8 million.
Exports fell 14.05 percent to $136,404. Imports rose 55.77 percent to $638.67 million.
- Trade with No. 4 Japan fell 13 percent to $341.97 million.
Exports rose 64.45 percent to $149,323. Imports fell 13.02 percent to $341.82 million.
- Trade with No. 5 Malaysia fell 68.95 percent to $242.89 million.
Exports fell 87.99 percent to $198,614. Imports fell 68.91 percent to $242.69 million.
Port Laredo’s top five trading partners in 2019 accounted for 99.28 percent of its trade with the world.
Port Laredo had trade surpluses with 45 countries and deficits with 111 in 2019. That compares with 41 surpluses and 109 deficits for 2018. The top three surpluses were with Sweden, $21.54 million; Trinidad and Tobago, $1.13 million; and United Arab Emirates, $769,378. The top three deficits were with Mexico, $37.4 billion; China, $1.25 billion; and France, $638.53 million.
In 2019 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 23.67 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 37.78 percent of all inbound shipments.
Looking more closely at Port Laredo’s exports:
- Motor vehicle parts fell 4.48 percent compared to last year to $11.46 billion.
- Internal combustion engines rose 7.25 percent compared to last year to $4.46 billion.
- Gasoline, other fuels rose 31.55 percent compared to last year to $3.22 billion.
- Engine parts fell 1.96 percent compared to last year to $1.75 billion.
- Catalytic converters, air filters, oil filers, etc. rose 6.62 percent compared to last year to $1.62 billion.
On the import side:
- Motor vehicle parts rose 5.33 percent compared to last year to $17.05 billion.
- Motor vehicles for transporting people rose 3.71 percent compared to last year to $14.38 billion.
- Tractors rose 5.88 percent compared to last year to $8.46 billion.
- Commercial vehicles rose 23.05 percent compared to last year to $6.32 billion.
- Computers fell 14.68 percent compared to last year to $5.37 billion.
In 2018 Port Laredo posted total trade with the world of $234.66 billion. The Port’s deficit was $33.87 billion. Exports totaled $100.4 billion and imports came to $134.27 billion.