Total Trade Compared to the same month a year ago
Compared to last month
Total Exports Compared to the same month a year ago
Compared to last month
Total Imports Compared to the same month a year ago
Compared to last month
Current RankAmong U.S. airports, seaports, border crossings
Port Laredo’s total trade with the world was $19.27 billion in September, a change of 1.09 percent from the same month one year ago. The change in exports was -2.68 percent and the change in imports was 3.63 percent. Port Laredo ranked No. 3 among U.S. trade partners in September. It had ranked No. 3 for the same month last year.
Port Laredo’s top three exports by value in September were (1) Motor vehicle parts, (2) Internal combustion engines, and (3) Gasoline, other fuels. Its top three imports, also by value, were (1) Motor vehicle parts, (2) Passenger vehicles, and (3) Tractors. By tonnage, Port Laredo’s top three exports were (1) Motor vehicle parts, (2) Catalytic converters, air filters, oil filters, etc., and (3) Hardware for fixtures. Its top three imports, also by tonnage, were (1) Motor vehicle parts, (2) Insulated wire, cable, and (3) Seats, excluding barber, dental.
|1||Motor vehicle parts||$6.1 billion|
|2||Internal combustion engines||$2.4 billion|
|3||Gasoline, other fuels||$2.1 billion|
|4||Catalytic converters, air filters, oil filters, et||$898.2 million|
|5||Engine parts||$868.2 million|
|6||Cell phones, related equipment||$795.4 million|
|8||Taps, cocks and valves for pipes, tanks||$745.7 million|
|9||Computer chips||$699.4 million|
|1||Motor vehicle parts||$10.7 billion|
|2||Passenger vehicles||$7.4 billion|
|4||Commercial vehicles||$3.8 billion|
|6||Cell phones, related equipment||$3.7 billion|
|7||Air conditioning machines||$2.3 billion|
|8||Insulated wire, cable||$2.3 billion|
|9||Refrigerators, freezers||$2.1 billion|
|10||Motor vehicle engines||$1.8 billion|
Port Laredo’s trade decreases 17.09 percent through September
Port Laredo’s trade with the world fell 17.09 percent, from $175.81 billion to $145.76 billion through the first nine 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 $2.73 trillion, with exports at $1.04 trillion and imports at $1.69 trillion. The nation’s total trade decreased 12.17 percent compared to the same period last year. Exports fell 15.48 percent and imports fell 10 percent.
Port Laredo ranked No. 4 for total trade among the nation’s roughly 450 airports, seaports and border crossings through September of 2020. During the same period of 2019 it ranked No. 2. It finished No. 2 in the last full year.
The nation’s top five “ports” — airports, seaports and border crossings — so far this year, by value, are Port of Los Angeles; Chicago O’Hare International Airport; John F. Kennedy International Airport; Port Laredo and Port of Newark.
Through September Port Laredo’s top trade partners were No. 1 Mexico, No. 2 China, No. 3 France, No. 4 Japan and No. 5 Thailand. Through the same period of the previous year, the top trade partners were held by Mexico, China, France, Japan and Malaysia, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Mexico fell 17.47 percent to $142.56 billion.
Exports fell 21.81 percent to $56.67 billion. Imports fell 14.33 percent to $85.89 billion.
- Trade with No. 2 China fell 15.97 percent to $830.85 million.
Exports rose 83.12 percent to $2.04 million. Imports fell 16.08 percent to $828.81 million.
- Trade with No. 3 France rose 10.03 percent to $432.91 million.
Exports fell 39.21 percent to $41,959. Imports rose 10.04 percent to $432.87 million.
- Trade with No. 4 Japan fell 1.09 percent to $257.92 million.
Exports rose 145.9 percent to $292,494. Imports fell 1.16 percent to $257.63 million.
- Trade with No. 5 Thailand fell 3.43 percent to $162.47 million.
Exports rose 14.04 percent to $227,100. Imports fell 3.45 percent to $162.24 million.
Port Laredo’s top five trading partners through September accounted for 98.96 percent of its trade with the world.
Port Laredo had trade surpluses with 41 countries and deficits with 98 through September. That compares with 43 surpluses and 104 deficits for the same period one year earlier. The top three surpluses through September of this year were with Sweden, $39.27 million; Costa Rica, $13.25 million; and South Africa, $5.04 million. The top three deficits through September of this year were with Mexico, $29.22 billion; China, $826.76 million; and France, $432.82 million.
Through September its top exports were Motor vehicle parts; Internal combustion engines; Gasoline, other fuels; Catalytic converters, air filters, oil filters, etc.; and Engine parts, in that order. Those accounted for 21.77 percent of its total outbound trade. The Port’s top imports were Motor vehicle parts; Passenger vehicles; Computers; Commercial vehicles; and Tractors, accounting for 33.14 percent of all inbound shipments.
Looking more closely at Port Laredo’s exports:
- Motor vehicle parts fell 31.17 percent compared to last year to $6.14 billion.
- Internal combustion engines fell 31.43 percent compared to last year to $2.38 billion.
- Gasoline, other fuels fell 12.72 percent compared to last year to $2.07 billion.
- Catalytic converters, air filters, oil filters, etc. fell 27.8 percent compared to last year to $898.22 million.
- Engine parts fell 36.74 percent compared to last year to $868.18 million.
On the import side:
- Motor vehicle parts fell 17.55 percent compared to last year to $10.74 billion.
- Passenger vehicles fell 31.78 percent compared to last year to $7.38 billion.
- Computers fell 3.73 percent compared to last year to $3.86 billion.
- Commercial vehicles fell 18.38 percent compared to last year to $3.79 billion.
- Tractors fell 45.41 percent compared to last year to $3.72 billion.
Last year Port Laredo posted total trade with the world of $231.58 billion. The Port’s deficit was $41.41 billion. Exports totaled $95.09 billion and imports came to $136.5 billion.