|2||Ethyl alcohol||$275.25 M|
|3||Gasoline, other fuels||$212.1 M|
|4||Motor vehicles for transporting people||$101.99 M|
|5||Harvesting machinery for poultry||$98.16 M|
|6||Self-propelled heavy construction machinery||$97.48 M|
|9||Commercial vehicles||$57.86 M|
|10||Misc. machinery for moving, grading||$42.69 M|
|1||Self-propelled heavy construction machinery||$795.28 M|
|2||Motor vehicles for transporting people||$314.54 M|
|4||Commercial vehicles||$214.59 M|
|5||Cranes, derricks, industrial-use vehicles||$189.22 M|
|6||Misc. iron or steel structures and parts||$135.58 M|
|7||Bananas and plantains, fresh or dried||$109.44 M|
|8||Ship's derricks, cranes, mobile lifting frames||$88.68 M|
|9||Transmission shafts, bearings, gears||$88.34 M|
|10||Nitrogenous fertilizers||$79.98 M|
Port of Galveston, Texas’s trade increases 3.1 percent through September
Port of Galveston, Texas’s trade with the world rose 3.1 percent, from $4.94 billion to $5.09 billion through the first nine 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 $3.11 trillion, with exports at $1.23 trillion and imports at $1.88 trillion. The nation’s total trade decreased 0.61 percent compared to the same period last year. Exports fell 1.01 percent and imports fell 0.35 percent.
Port of Galveston, Texas ranked No. 82 for total trade among the nation’s roughly 450 airports, seaports and border crossings through September 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 September Port of Galveston, Texas’s top trade partners were No. 1 Germany, No. 2 Brazil, No. 3 Japan, No. 4 United Kingdom and No. 5 South Korea. Through the same period of the previous year, the top trade partners were held by Germany, Brazil, Japan, The Netherlands and Spain, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Germany fell 1.83 percent to $887.76 million.
Exports fell 42.9 percent to $43.65 million. Imports rose 1.96 percent to $844.11 million.
- Trade with No. 2 Brazil fell 0.18 percent to $737.91 million.
Exports fell 1.8 percent to $316.03 million. Imports rose 1.07 percent to $421.88 million.
- Trade with No. 3 Japan rose 9.35 percent to $389.26 million.
Exports fell 95.36 percent to $2.97 million. Imports rose 32.29 percent to $386.29 million.
- Trade with No. 4 United Kingdom rose 47.87 percent to $302.65 million.
Exports rose 43.98 percent to $43.42 million. Imports rose 48.54 percent to $259.23 million.
- Trade with No. 5 South Korea rose 168.27 percent to $210.64 million.
Exports totaled $144.44 million. Imports fell 15.69 percent to $66.2 million.
Port of Galveston, Texas’s top five trading partners through September accounted for 49.64 percent of its trade with the world.
Port of Galveston, Texas had trade surpluses with 75 countries and deficits with 45 through September. That compares with 73 surpluses and 40 deficits for the same period one year earlier. The top three surpluses through September of this year were with Taiwan, $142.36 million; Mexico, $141.57 million; and Chile, $121.78 million. The top three deficits through September of this year were with Germany, $800.46 million; Japan, $383.32 million; and United Kingdom, $215.82 million.
Through September its top exports were Oil; Ethyl alcohol; Gasoline, other fuels; Motor vehicles for transporting people; and Harvesting machinery for poultry, in that order. Those accounted for 61.53 percent of its total outbound trade. The Port’s top imports were Self-propelled heavy construction machinery; Motor vehicles for transporting people; Tractors; Commercial vehicles; and Cranes, derricks, industrial-use vehicles, accounting for 57.25 percent of all inbound shipments.
Looking more closely at Port of Galveston, Texas’s exports:
- Oil rose 12.59 percent compared to last year to $531.67 million.
- Ethyl alcohol rose 15.81 percent compared to last year to $275.25 million.
- Gasoline, other fuels fell 57.77 percent compared to last year to $212.1 million.
- Motor vehicles for transporting people rose 14.9 percent compared to last year to $101.99 million.
- Harvesting machinery for poultry rose 39.21 percent compared to last year to $98.16 million.
On the import side:
- Self-propelled heavy construction machinery rose 34.75 percent compared to last year to $795.28 million.
- Motor vehicles for transporting people fell 16.94 percent compared to last year to $314.54 million.
- Tractors fell 13.6 percent compared to last year to $267.59 million.
- Commercial vehicles rose 39.2 percent compared to last year to $214.59 million.
- Cranes, derricks, industrial-use vehicles rose 4.06 percent compared to last year to $189.22 million.
Last year Port of Galveston, Texas posted total trade with the world of $6.36 billion. The Port’s deficit was $998.09 million. At the end of the year, the port’s top five trade partners were Germany, Brazil, Japan, The Netherlands and United Kingdom. Exports totaled $2.68 billion and imports came to $3.68 billion.