|1||Gasoline, other fuels||$6.92 B|
|3||LNG, other petroleum gases||$2.93 B|
|5||Acyclic hydrocarbons||$933.71 M|
|6||Cyclic hydrocarbons||$703.56 M|
|7||Ethers, ether-alcohols, alcohol peroxides etc.||$668.51 M|
|9||Parts for heavy machinery||$370.02 M|
|10||Acetic acids, vinyl acetates, etc.||$348.65 M|
|1||Gasoline, other fuels||$1.92 B|
|3||Passenger vehicles||$863.51 M|
|4||Seamless iron tubes and pipes||$550.98 M|
|5||Misc. raw materials for industrial manufacturing||$414.51 M|
|6||Taps, cocks and valves for pipes, tanks||$373.23 M|
|7||Cyclic hydrocarbons||$352.5 M|
|8||Returned exports, without change||$336.55 M|
|9||Power supplies, transformers||$331.91 M|
|10||Furniture, parts||$308.81 M|
Port of Houston’s trade decreases 17.18 percent through May
Port of Houston’s trade with the world fell 17.18 percent, from $66.28 billion to $54.89 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 Houston ranked No. 6 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 Houston’s top trade partners were No. 1 China, No. 2 Mexico, No. 3 Brazil, No. 4 Germany and No. 5 South Korea. Through the same period of the previous year, the top trade partners were held by Mexico, China, Brazil, Germany and India, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 China fell 13.75 percent to $4.29 billion.
Exports rose 5.73 percent to $1.33 billion. Imports fell 20.37 percent to $2.95 billion.
- Trade with No. 2 Mexico fell 31.76 percent to $4.04 billion.
Exports fell 27.79 percent to $2.62 billion. Imports fell 38.09 percent to $1.41 billion.
- Trade with No. 3 Brazil fell 5.64 percent to $3.59 billion.
Exports fell 3.82 percent to $2.55 billion. Imports fell 9.81 percent to $1.04 billion.
- Trade with No. 4 Germany fell 17.59 percent to $2.81 billion.
Exports fell 15.62 percent to $840.63 million. Imports fell 18.41 percent to $1.97 billion.
- Trade with No. 5 South Korea fell 10.96 percent to $2.54 billion.
Exports fell 5.25 percent to $1.43 billion. Imports fell 17.4 percent to $1.11 billion.
Port of Houston’s top five trading partners through May accounted for 31.44 percent of its trade with the world.
Port of Houston had trade surpluses with 141 countries and deficits with 58 through May. That compares with 144 surpluses and 54 deficits for the same period one year earlier. The top three surpluses through May of this year were with The Netherlands, $1.58 billion; Brazil, $1.51 billion; and Japan, $1.39 billion. The top three deficits through May of this year were with China, $1.62 billion; Germany, $1.12 billion; and Russia, $798.57 million.
Through May its top exports were Gasoline, other fuels; Oil; LNG, other petroleum gases; Plastics; and Acyclic hydrocarbons, in that order. Those accounted for 55.51 percent of its total outbound trade. The Port’s top imports were Gasoline, other fuels; Oil; Passenger vehicles; Seamless iron tubes and pipes; and Misc. raw materials for industrial manufacturing, accounting for 24.7 percent of all inbound shipments.
Looking more closely at Port of Houston’s exports:
- Gasoline, other fuels fell 7.34 percent compared to last year to $6.92 billion.
- Oil fell 41.94 percent compared to last year to $4.78 billion.
- LNG, other petroleum gases fell 8.56 percent compared to last year to $2.93 billion.
- Plastics rose 12.6 percent compared to last year to $2.54 billion.
- Acyclic hydrocarbons fell 14.81 percent compared to last year to $933.71 million.
On the import side:
- Gasoline, other fuels fell 27.55 percent compared to last year to $1.92 billion.
- Oil fell 47.55 percent compared to last year to $1.75 billion.
- Passenger vehicles fell 40.13 percent compared to last year to $863.51 million.
- Seamless iron tubes and pipes fell 48.02 percent compared to last year to $550.98 million.
- Misc. raw materials for industrial manufacturing rose 7.35 percent compared to last year to $414.51 million.
Last year Port of Houston posted total trade with the world of $158.27 billion. The Port’s surplus was $29.49 billion. Exports totaled $93.88 billion and imports came to $64.39 billion.