|1||Motor vehicle parts||$9.86 B|
|2||Internal combustion engines||$3.84 B|
|3||Gasoline, other fuels||$2.67 B|
|4||Engine parts||$1.51 B|
|5||Centrifuges, filters, machines and parts||$1.39 B|
|6||Cell phones, related equipment||$1.34 B|
|7||Taps, cocks and valves for pipes, tanks||$1.11 B|
|9||Rubber tires||$985.87 M|
|10||Electrical supplies, apparatus, less than 1000V||$966.08 M|
|1||Motor vehicle parts||$14.34 B|
|2||Motor vehicles for transporting people||$12.12 B|
|4||Commercial vehicles||$5.09 B|
|6||Cell phones, related equipment||$3.9 B|
|7||Insulated wire, cable||$2.78 B|
|8||Motor vehicle engines||$2.77 B|
|9||Air conditioning machines||$2.64 B|
|10||Seats, excluding barber, dental||$2.48 B|
Port Laredo’s trade decreases 1.17 percent through October
Port Laredo’s trade with the world fell 1.17 percent, from $197.91 billion to $195.6 billion through the first 10 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 $3.47 trillion, with exports at $1.37 trillion and imports at $2.09 trillion. The nation’s total trade decreased 1.15 percent compared to the same period last year. Exports fell 1.23 percent and imports fell 1.1 percent.
Port Laredo ranked No. 2 for total trade among the nation’s roughly 450 airports, seaports and border crossings through October 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 October 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 France, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Mexico fell 0.25 percent to $192.13 billion.
Exports fell 4.65 percent to $80.67 billion. Imports rose 3.2 percent to $111.46 billion.
- Trade with No. 2 China fell 46.6 percent to $1.07 billion.
Exports rose 41.88 percent to $1.2 million. Imports fell 46.63 percent to $1.07 billion.
- Trade with No. 3 France rose 36.4 percent to $510.26 million.
Exports fell 41.78 percent to $88,414. Imports rose 36.43 percent to $510.17 million.
- Trade with No. 4 Japan fell 13.68 percent to $290.93 million.
Exports rose 40.83 percent to $118,950. Imports fell 13.69 percent to $290.81 million.
- Trade with No. 5 Malaysia fell 72.95 percent to $201.86 million.
Exports fell 62.82 percent to $136,927. Imports fell 72.96 percent to $201.72 million.
Port Laredo’s top five trading partners through October accounted for 99.29 percent of its trade with the world.
Port Laredo had trade surpluses with 45 countries and deficits with 106 through October. That compares with 41 surpluses and 106 deficits for the same period one year earlier. The top three surpluses through October of this year were with Sweden, $22.52 million; Trinidad and Tobago, $1.14 million; and Saudi Arabia, $1.01 million. The top three deficits through October of this year were with Mexico, $30.79 billion; China, $1.07 billion; and France, $510.09 million.
Through October 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 23.87 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 37.82 percent of all inbound shipments.
Looking more closely at Port Laredo’s exports:
- Motor vehicle parts fell 2.34 percent compared to last year to $9.86 billion.
- Internal combustion engines rose 9.37 percent compared to last year to $3.84 billion.
- Gasoline, other fuels rose 33.97 percent compared to last year to $2.67 billion.
- Engine parts fell 0.76 percent compared to last year to $1.51 billion.
- Catalytic converters, air filters, oil filers, etc. rose 10.07 percent compared to last year to $1.39 billion.
On the import side:
- Motor vehicle parts rose 5.48 percent compared to last year to $14.34 billion.
- Motor vehicles for transporting people rose 4.85 percent compared to last year to $12.12 billion.
- Tractors rose 14.04 percent compared to last year to $7.53 billion.
- Commercial vehicles rose 20.22 percent compared to last year to $5.09 billion.
- Computers fell 16.25 percent compared to last year to $4.37 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.