|1||Motor vehicle parts||$1.83 B|
|2||Diesel engines||$627.26 M|
|3||Gasoline, other fuels||$494.68 M|
|4||Cell phones, related equipment||$318.46 M|
|5||Engine parts||$297.14 M|
|6||Centrifuges, filters, machines and parts||$256.84 M|
|7||Taps, cocks and valves for pipes, tanks||$229.34 M|
|9||Rubber tires||$192.01 M|
|10||Electrical supplies, apparatus, less than 1000V||$182.51 M|
|1||Motor vehicle parts||$2.69 B|
|2||Motor vehicles for transporting people||$2.13 B|
|4||Commercial vehicles||$761.57 M|
|6||Cell phones, related equipment||$660.78 M|
|7||Motor vehicle engines||$524.58 M|
|8||Insulated wire, cable||$522.87 M|
|9||Seats, excluding barber, dental||$467.82 M|
|10||Air conditioning machines||$445.11 M|
Port Laredo’s trade decreases 0.19 percent through February
Port Laredo’s trade with the world fell 0.19 percent, from $36.7 billion to $36.63 billion 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 Laredo ranked No. 2 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 Laredo’s top trade parters were No. 1 Mexico, No. 2 China, No. 3 Japan, No. 4 Malaysia and No. 5 Germany . 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 1.01 percent to $36.05 billion.
Exports fell 2.61 percent to $15.59 billion. Imports rose 3.96 percent to $20.46 billion.
- Trade with No. 2 China fell 47.85 percent to $208.43 million.
Exports rose 74.39 percent to $219,848. Imports fell 47.89 percent to $208.21 million.
- Trade with No. 3 Japan fell 12.93 percent to $56.15 million.
Exports fell 81.85 percent to $4,476. Imports fell 12.9 percent to $56.14 million.
- Trade with No. 4 Malaysia fell 61.72 percent to $46.09 million.
Exports rose 693.48 percent to $29,589. Imports fell 61.75 percent to $46.06 million.
- Trade with No. 5 Germany rose 32.47 percent to $29.96 million.
Exports rose 1712.02 percent to $46,750. Imports rose 32.28 percent to $29.91 million.
Port Laredo’s top five trading partners through February accounted for 99.35 percent of its trade with the world.
Port Laredo had trade surpluses with 22 countries and deficits with 84 through February. That compares with 20 surpluses and 85 deficits for the same period one year earlier. The top three surpluses through February of this year were with Saudi Arabia, $708,247; Costa Rica, $697,917; and Panama, $579,236. The top three deficits through February of this year were with Mexico, $4.86 billion; China, $207.99 million; and Japan, $56.14 million.
Through February it’s top exports were Motor vehicle parts; Diesel engines; Gasoline, other fuels; Cell phones, related equipment; and Engine parts, in that order. Those accounted for 22.89 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 36.54 percent of all inbound shipments.
Looking more closely at Port Laredo’s exports:
- Motor vehicle parts fell 5.62 percent compared to last year to $1.83 billion.
- Diesel engines rose 3.88 percent compared to last year to $627.26 million.
- Gasoline, other fuels rose 58.6 percent compared to last year to $494.68 million.
- Cell phones, related equipment fell 16.28 percent compared to last year to $318.46 million.
- Engine parts fell 0.03 percent compared to last year to $297.14 million.
On the import side:
- Motor vehicle parts rose 6.64 percent compared to last year to $2.69 billion.
- Motor vehicles for transporting people fell 9.46 percent compared to last year to $2.13 billion.
- Tractors rose 38.22 percent compared to last year to $1.36 billion.
- Commercial vehicles rose 21.62 percent compared to last year to $761.57 million.
- Computers fell 20.98 percent compared to last year to $745.71 million.
Last year Port Laredo posted total trade with the world of $199.88 billion. The Port’s deficit was $22.5 billion . At the end of the year, the port’s top five trade partners were Canada, The Netherlands, Iceland, Germany and Norway. Exports totaled $88.69 billion and imports came to $111.19 billion.