|1||Gasoline, other fuels||$7.94 B|
|2||Civilian aircraft, parts||$4.92 B|
|4||Computer chips||$2.76 B|
|5||Cell phones, related equipment||$2.74 B|
|8||Medical instruments for surgeons, dentists, vets||$1.57 B|
|9||Orthopedic appliances, artificial body parts||$1.28 B|
|10||Value added to a returned import||$1.26 B|
|1||Value added to a returned import||$7.44 B|
|2||Computer chips||$5.01 B|
|3||Gasoline, other fuels||$3.4 B|
|5||Orthopedic appliances, artificial body parts||$2.81 B|
|6||Cell phones, related equipment||$2.66 B|
|7||Medical instruments for surgeons, dentists, vets||$2.2 B|
|8||Computer parts||$1.82 B|
|9||Ferroalloys 7202||$1.61 B|
|10||Aircraft engines, engine parts||$1.52 B|
Port of New Orleans’s trade increases 9.89 percent through November
Port of New Orleans’s trade with the world rose 9.89 percent, from $114.79 billion to $126.14 billion through the first 11 months of 2018 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 $3.86 trillion, with exports at $1.53 trillion and imports at $2.33 trillion. The nation’s total trade increased 8.64 percent compared to the same period last year. Exports rose 8.46 percent and imports rose 8.77 percent.
Port of New Orleans ranked No. 8 for total trade among the nation’s roughly 450 airports, seaports and border crossings through November of 2018. During the same period of 2017 it ranked No. 8. It finished No. 8 in the last full year.
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; John F. Kennedy International Airport and Port of Newark.
Through November Port of New Orleans’s top trade parters were No. 1 Canada, No. 2 China, No. 3 Germany, No. 4 Mexico and No. 5 United Kingdom . Through the same period of the previous year, the top trade partners were held by China, Canada, Germany, United Kingdom and Mexico, respectively.
Taking a closer look at its leading trade partners:
- Trade with No. 1 Canada rose 13.34 percent to $11.87 billion.
Exports rose 32.69 percent to $7.07 billion. Imports fell 6.73 percent to $4.79 billion.
- Trade with No. 2 China fell 7.21 percent to $9.85 billion.
Exports fell 32.09 percent to $2.72 billion. Imports rose 7.85 percent to $7.13 billion.
- Trade with No. 3 Germany rose 14.46 percent to $9.54 billion.
Exports rose 16.63 percent to $4.17 billion. Imports rose 12.83 percent to $5.37 billion.
- Trade with No. 4 Mexico rose 16.16 percent to $7.33 billion.
Exports rose 22.03 percent to $4.61 billion. Imports rose 7.42 percent to $2.72 billion.
- Trade with No. 5 United Kingdom rose 5.1 percent to $6.7 billion.
Exports rose 5.57 percent to $3.29 billion. Imports rose 4.65 percent to $3.41 billion.
Port of New Orleans’s top five trading partners through November accounted for 35.9 percent of its trade with the world.
Port of New Orleans had trade surpluses with 141 countries and deficits with 83 through November. That compares with 140 surpluses and 83 deficits for the same period one year earlier. The top three surpluses through November of this year were with Canada, $2.28 billion; Singapore, $1.89 billion; and Mexico, $1.88 billion. The top three deficits through November of this year were with China, $4.41 billion; Malaysia, $3.16 billion; and Russia, $2.65 billion.
Through November it’s top exports were Gasoline, other fuels; Civilian aircraft, parts; Soybeans; Computer chips; and Cell phones, related equipment, in that order. Those accounted for 34.69 percent of its total outbound trade. The Port’s top imports were Value added to a returned import; Computer chips; Gasoline, other fuels; Oil; and Orthopedic appliances, artificial body parts, accounting for 33.85 percent of all inbound shipments.
Looking more closely at Port of New Orleans’s exports:
- Gasoline, other fuels rose 18.37 percent compared to last year to $7.94 billion.
- Civilian aircraft, parts rose 26.73 percent compared to last year to $4.92 billion.
- Soybeans fell 31.65 percent compared to last year to $3.21 billion.
- Computer chips fell 1.72 percent compared to last year to $2.76 billion.
- Cell phones, related equipment rose 6.29 percent compared to last year to $2.74 billion.
On the import side:
- Value added to a returned import rose 5.19 percent compared to last year to $7.44 billion.
- Computer chips rose 36.81 percent compared to last year to $5.01 billion.
- Gasoline, other fuels rose 12.17 percent compared to last year to $3.4 billion.
- Oil rose 8.07 percent compared to last year to $3 billion.
- Orthopedic appliances, artificial body parts rose 40.45 percent compared to last year to $2.81 billion.
Last year Port of New Orleans posted total trade with the world of $114.16 billion. The Port’s surplus was $1.33 billion . At the end of the year, the port’s top five trade partners were Canada, Germany, Iceland, Norway and The Netherlands. Exports totaled $57.74 billion and imports came to $56.42 billion.