|1||Motor vehicle parts||$3.73 B|
|2||Internal combustion engines||$1.41 B|
|3||Gasoline, other fuels||$1.09 B|
|4||Engine parts||$598.96 M|
|5||Cell phones, related equipment||$597.32 M|
|6||Centrifuges, filters, machines and parts||$530.5 M|
|7||Taps, cocks and valves for pipes, tanks||$455.4 M|
|9||Electrical supplies, apparatus, less than 1000V||$394.02 M|
|10||Rubber tires||$392.22 M|
|1||Motor vehicle parts||$5.6 B|
|2||Motor vehicles for transporting people||$4.61 B|
|4||Commercial vehicles||$1.84 B|
|6||Cell phones, related equipment||$1.4 B|
|7||Insulated wire, cable||$1.09 B|
|8||Motor vehicle engines||$1.08 B|
|9||Air conditioning machines||$989.14 M|
|10||Seats, excluding barber, dental||$970.88 M|
Port Laredo’s trade decreases 0.01 percent through April
Port Laredo’s trade with the world fell 0.01 percent, from $76.07 billion to $76.06 billion through the first four 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 $1.35 trillion, with exports at $543.34 billion and imports at $807.48 billion. The nation’s total trade increased 0.57 percent compared to the same period last year. Exports rose 0.58 percent and imports rose 0.56 percent.
Port Laredo ranked No. 2 for total trade among the nation’s roughly 450 airports, seaports and border crossings through April 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; Chicago O’Hare International Airport and John F. Kennedy International Airport.
Through April Port Laredo’s top trade partners were No. 1 Mexico, No. 2 China, No. 3 Japan, No. 4 Malaysia and No. 5 Thailand. 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 1.11 percent to $74.87 billion.
Exports fell 2.54 percent to $31.81 billion. Imports rose 3.99 percent to $43.06 billion.
- Trade with No. 2 China fell 46.81 percent to $421.13 million.
Exports rose 132.29 percent to $497,468. Imports fell 46.86 percent to $420.63 million.
- Trade with No. 3 Japan fell 20.78 percent to $109.29 million.
Exports fell 62.38 percent to $21,619. Imports fell 20.76 percent to $109.27 million.
- Trade with No. 4 Malaysia fell 67.53 percent to $84.09 million.
Exports rose 91.19 percent to $44,340. Imports fell 67.54 percent to $84.05 million.
- Trade with No. 5 Thailand fell 54.69 percent to $73.22 million.
Exports rose 43.95 percent to $166,192. Imports fell 54.76 percent to $73.06 million.
Port Laredo’s top five trading partners through April accounted for 99.35 percent of its trade with the world.
Port Laredo had trade surpluses with 26 countries and deficits with 93 through April. That compares with 33 surpluses and 94 deficits for the same period one year earlier. The top three surpluses through April of this year were with Sweden, $2.59 million; Saudi Arabia, $977,299; and Costa Rica, $590,259. The top three deficits through April of this year were with Mexico, $11.24 billion; China, $420.13 million; and Japan, $109.25 million.
Through April its top exports were Motor vehicle parts; Internal combustion engines; Gasoline, other fuels; Engine parts; and Cell phones, related equipment, in that order. Those accounted for 23.34 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 37.32 percent of all inbound shipments.
Looking more closely at Port Laredo’s exports:
- Motor vehicle parts fell 1.92 percent compared to last year to $3.73 billion.
- Internal combustion engines rose 20.75 percent compared to last year to $1.41 billion.
- Gasoline, other fuels rose 66.89 percent compared to last year to $1.09 billion.
- Engine parts rose 0.76 percent compared to last year to $598.96 million.
- Cell phones, related equipment fell 13.03 percent compared to last year to $597.32 million.
On the import side:
- Motor vehicle parts rose 5.17 percent compared to last year to $5.6 billion.
- Motor vehicles for transporting people fell 0.76 percent compared to last year to $4.61 billion.
- Tractors rose 30.32 percent compared to last year to $2.85 billion.
- Commercial vehicles rose 25.67 percent compared to last year to $1.84 billion.
- Computers fell 15.58 percent compared to last year to $1.61 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.