|1||Ethyl alcohol||$251.97 M|
|2||Commercial vehicles||$74.64 M|
|3||Self-propelled heavy construction machinery||$46.59 M|
|6||Passenger vehicles||$29.65 M|
|7||Misc. machinery for moving, grading||$25.16 M|
|1||Self-propelled heavy construction machinery||$186.04 M|
|3||Passenger vehicles||$109.46 M|
|4||Cranes, derricks, industrial-use vehicles||$88.14 M|
|5||Ship's derricks, cranes, mobile lifting frames||$78.8 M|
|6||Transmission shafts, bearings, gears||$76.88 M|
|7||Misc. engines and motors, parts||$75.42 M|
|8||Bananas and plantains, fresh or dried||$62.51 M|
|9||Commercial vehicles||$52.51 M|
|10||Misc. iron or steel structures and parts||$50.12 M|
Port of Galveston, Texas’s trade decreases 35.43 percent through May
Port of Galveston, Texas’s trade with the world fell 35.43 percent, from $3.2 billion to $2.06 billion through the first five 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 $1.48 trillion, with exports at $582.11 billion and imports at $898.44 billion. The nation’s total trade decreased 13.61 percent compared to the same period last year. Exports fell 15.09 percent and imports fell 12.63 percent.
Port of Galveston, Texas ranked No. 82 for total trade among the nation’s roughly 450 airports, seaports and border crossings through May of 2020.
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 May Port of Galveston, Texas’s top trade partners were No. 1 Germany, No. 2 Brazil, No. 3 India, No. 4 Guatemala and No. 5 Spain. Through the same period of the previous year, the top trade partners were held by Germany, Brazil, Japan, South Korea and United Kingdom, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Germany fell 9.57 percent to $494.32 million.
Exports fell 96.51 percent to $18.13 million. Imports rose 1637.66 percent to $476.19 million.
- Trade with No. 2 Brazil fell 46.96 percent to $266.25 million.
Exports fell 47.92 percent to $129.55 million. Imports fell 46.02 percent to $136.7 million.
- Trade with No. 3 India rose 6.6 percent to $180.2 million.
Exports rose 537.99 percent to $141.08 million. Imports fell 73.37 percent to $39.12 million.
- Trade with No. 4 Guatemala rose 10.56 percent to $103.27 million.
Exports fell 49.59 percent to $32.58 million. Imports rose 145.7 percent to $70.69 million.
- Trade with No. 5 Spain rose 12.36 percent to $102.87 million.
Exports fell 87.58 percent to $9.65 million. Imports rose 572.53 percent to $93.22 million.
Port of Galveston, Texas’s top five trading partners through May accounted for 55.54 percent of its trade with the world.
Port of Galveston, Texas had trade surpluses with 56 countries and deficits with 39 through May. That compares with 35 surpluses and 70 deficits for the same period one year earlier. The top three surpluses through May of this year were with India, $101.96 million; Chile, $77.49 million; and Australia, $34.32 million. The top three deficits through May of this year were with Germany, $458.06 million; Japan, $90.33 million; and Spain, $83.57 million.
Through May its top exports were Ethyl alcohol; Commercial vehicles; Self-propelled heavy construction machinery; Carbonates; and Oil, in that order. Those accounted for 63.1 percent of its total outbound trade. The Port’s top imports were Self-propelled heavy construction machinery; Tractors; Passenger vehicles; Cranes, derricks, industrial-use vehicles; and Ship’s derricks, cranes, mobile lifting frames, accounting for 43.23 percent of all inbound shipments.
Looking more closely at Port of Galveston, Texas’s exports:
- Ethyl alcohol rose 37.51 percent compared to last year to $251.97 million.
- Commercial vehicles rose 49.25 percent compared to last year to $74.64 million.
- Self-propelled heavy construction machinery fell 6.61 percent compared to last year to $46.59 million.
- Carbonates rose 119.73 percent compared to last year to $43.33 million.
- Oil fell 92.28 percent compared to last year to $38.02 million.
On the import side:
- Self-propelled heavy construction machinery fell 59.78 percent compared to last year to $186.04 million.
- Tractors fell 35.8 percent compared to last year to $118.82 million.
- Passenger vehicles fell 45.07 percent compared to last year to $109.46 million.
- Cranes, derricks, industrial-use vehicles fell 21.79 percent compared to last year to $88.14 million.
- Ship’s derricks, cranes, mobile lifting frames rose 74.23 percent compared to last year to $78.8 million.
Last year Port of Galveston, Texas posted total trade with the world of $6.48 billion. The Port’s deficit was $1.43 billion. Exports totaled $2.53 billion and imports came to $3.95 billion.