|2||Gasoline, other fuels||$12.27 B|
|3||Petroleum gases, other gaseous hydrocarbons||$4.94 B|
|5||Acyclic hydrocarbons||$1.8 B|
|6||Cyclic hydrocarbons||$1.66 B|
|7||Ethers, ether-alcohols, alcohol peroxides etc.||$1.26 B|
|9||Polymers of vinyl chloride||$685.67 M|
|10||Acetic acids, vinyl acetates, etc.||$671.85 M|
|2||Gasoline, other fuels||$4.41 B|
|3||Motor vehicles for transporting people||$2.26 B|
|4||Seamless iron tubes and pipes||$1.64 B|
|5||Iron and steel pipes and tubing||$1.01 B|
|6||Taps, cocks and valves for pipes, tanks||$869.09 M|
|7||Misc. raw materials for industrial manufacturing||$672.36 M|
|8||Aluminum, unwrought||$635.69 M|
|9||Value added to a returned import||$582.82 M|
|10||Cyclic hydrocarbons||$567.41 M|
Port of Houston’s trade increases 2.52 percent through August
Port of Houston’s trade with the world rose 2.52 percent, from $104.57 billion to $107.21 billion through the first eight 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 $2.77 trillion, with exports at $1.1 trillion and imports at $1.67 trillion. The nation’s total trade decreased 0.32 percent compared to the same period last year. Exports fell 0.71 percent and imports fell 0.07 percent.
Port of Houston ranked No. 6 for total trade among the nation’s roughly 450 airports, seaports and border crossings through August 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 August Port of Houston’s top trade partners were No. 1 Mexico, No. 2 China, No. 3 Brazil, No. 4 South Korea and No. 5 Germany. Through the same period of the previous year, the top trade partners were held by Mexico, China, Brazil, Germany and The Netherlands, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Mexico fell 13.67 percent to $9.55 billion.
Exports fell 11.28 percent to $5.85 billion. Imports fell 17.21 percent to $3.7 billion.
- Trade with No. 2 China fell 19.96 percent to $8.03 billion.
Exports fell 47.58 percent to $1.92 billion. Imports fell 4.07 percent to $6.11 billion.
- Trade with No. 3 Brazil rose 8.41 percent to $6.63 billion.
Exports rose 15.04 percent to $4.77 billion. Imports fell 5.49 percent to $1.87 billion.
- Trade with No. 4 South Korea rose 22.89 percent to $5.41 billion.
Exports rose 51.58 percent to $3.18 billion. Imports fell 3.2 percent to $2.23 billion.
- Trade with No. 5 Germany rose 9.35 percent to $5.28 billion.
Exports rose 23.02 percent to $1.5 billion. Imports rose 4.75 percent to $3.78 billion.
Port of Houston’s top five trading partners through August accounted for 32.55 percent of its trade with the world.
Port of Houston had trade surpluses with 149 countries and deficits with 55 through August. That compares with 138 surpluses and 70 deficits for the same period one year earlier. The top three surpluses through August of this year were with The Netherlands, $3.31 billion; Brazil, $2.9 billion; and Japan, $2.44 billion. The top three deficits through August of this year were with China, $4.19 billion; Germany, $2.28 billion; and Russia, $1.19 billion.
Through August its top exports were Oil; Gasoline, other fuels; Petroleum gases, other gaseous hydrocarbons; Plastics; and Acyclic hydrocarbons, in that order. Those accounted for 57.56 percent of its total outbound trade. The Port’s top imports were Oil; Gasoline, other fuels; Motor vehicles for transporting people; Seamless iron tubes and pipes; and Iron and steel pipes and tubing, accounting for 32.42 percent of all inbound shipments.
Looking more closely at Port of Houston’s exports:
- Oil rose 96.12 percent compared to last year to $12.93 billion.
- Gasoline, other fuels fell 10.99 percent compared to last year to $12.27 billion.
- Petroleum gases, other gaseous hydrocarbons fell 22.66 percent compared to last year to $4.94 billion.
- Plastics rose 35.16 percent compared to last year to $3.77 billion.
- Acyclic hydrocarbons rose 12.98 percent compared to last year to $1.8 billion.
On the import side:
- Oil fell 30.1 percent compared to last year to $5.32 billion.
- Gasoline, other fuels fell 4.15 percent compared to last year to $4.41 billion.
- Motor vehicles for transporting people rose 17.23 percent compared to last year to $2.26 billion.
- Seamless iron tubes and pipes fell 18.75 percent compared to last year to $1.64 billion.
- Iron and steel pipes and tubing fell 3.46 percent compared to last year to $1.01 billion.
Last year Port of Houston posted total trade with the world of $159.79 billion. The Port’s surplus was $20.63 billion. At the end of the year, the port’s top five trade partners were Mexico, China, Brazil, Germany and The Netherlands. Exports totaled $90.21 billion and imports came to $69.58 billion.