|1||Motor vehicle parts||$5.79 B|
|2||Internal combustion engines||$2.26 B|
|3||Gasoline, other fuels||$1.61 B|
|4||Engine parts||$904.98 M|
|5||Cell phones, related equipment||$835.4 M|
|6||Centrifuges, filters, machines and parts||$824.81 M|
|7||Taps, cocks and valves for pipes, tanks||$674.2 M|
|9||Rubber tires||$593.29 M|
|10||Electrical supplies, apparatus, less than 1000V||$582.34 M|
|1||Motor vehicle parts||$8.5 B|
|2||Motor vehicles for transporting people||$7.19 B|
|4||Commercial vehicles||$2.9 B|
|6||Cell phones, related equipment||$2.21 B|
|7||Motor vehicle engines||$1.67 B|
|8||Insulated wire, cable||$1.64 B|
|9||Air conditioning machines||$1.61 B|
|10||Seats, excluding barber, dental||$1.48 B|
Port Laredo’s trade decreases 0.39 percent through June
Port Laredo’s trade with the world fell 0.39 percent, from $116.6 billion to $116.15 billion through the first six 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 $2.06 trillion, with exports at $823.61 billion and imports at $1.24 trillion. The nation’s total trade decreased 0.14 percent compared to the same period last year. Exports fell 0.75 percent and imports rose 0.28 percent.
Port Laredo ranked No. 2 for total trade among the nation’s roughly 450 airports, seaports and border crossings through June 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 June Port Laredo’s top trade partners were No. 1 Mexico, No. 2 China, No. 3 Japan, No. 4 France and No. 5 Malaysia. 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 0.69 percent to $114.25 billion.
Exports fell 3.56 percent to $48.02 billion. Imports rose 4.02 percent to $66.23 billion.
- Trade with No. 2 China fell 48.03 percent to $665.22 million.
Exports rose 105.38 percent to $744,136. Imports fell 48.08 percent to $664.47 million.
- Trade with No. 3 Japan fell 16.3 percent to $166.1 million.
Exports fell 68.94 percent to $21,619. Imports fell 16.28 percent to $166.08 million.
- Trade with No. 4 France rose 15.7 percent to $127.44 million.
Exports fell 40.82 percent to $54,661. Imports rose 15.74 percent to $127.38 million.
- Trade with No. 5 Malaysia fell 71.99 percent to $122.87 million.
Exports fell 2.71 percent to $44,340. Imports fell 71.99 percent to $122.82 million.
Port Laredo’s top five trading partners through June accounted for 99.29 percent of its trade with the world.
Port Laredo had trade surpluses with 34 countries and deficits with 101 through June. That compares with 31 surpluses and 100 deficits for the same period one year earlier. The top three surpluses through June of this year were with Sweden, $2.6 million; Saudi Arabia, $1.08 million; and United Arab Emirates, $626,946. The top three deficits through June of this year were with Mexico, $18.22 billion; China, $663.73 million; and Japan, $166.06 million.
Through June 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 23.73 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 37.72 percent of all inbound shipments.
Looking more closely at Port Laredo’s exports:
- Motor vehicle parts fell 0.65 percent compared to last year to $5.79 billion.
- Internal combustion engines rose 15.89 percent compared to last year to $2.26 billion.
- Gasoline, other fuels rose 50.33 percent compared to last year to $1.61 billion.
- Engine parts rose 0.21 percent compared to last year to $904.98 million.
- Cell phones, related equipment fell 17.78 percent compared to last year to $835.4 million.
On the import side:
- Motor vehicle parts rose 7.14 percent compared to last year to $8.5 billion.
- Motor vehicles for transporting people rose 1.55 percent compared to last year to $7.19 billion.
- Tractors rose 33.97 percent compared to last year to $4.4 billion.
- Commercial vehicles rose 26 percent compared to last year to $2.9 billion.
- Computers fell 16.28 percent compared to last year to $2.7 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.